PSE Index Falls To Milestone Low

The Philippine Stock Exchange (PSE) index dropped to a milestone today, closing at 6,154.99 points, down by 86.98 points or 1.39%.

The Philippine Stock Exchange (PSE) Index, February 7, 2025

This marks its lowest level in recent trading sessions. The index showed a decline by mid-session but remained within the 6,200-point range until the final minutes, when a flurry of trades pushed it lower.

Among the sectoral indices, only the mining and oil sub-index posted gains.

The financials sector fell by 0.68%, holding firms dropped 1.45%, services declined 1.96%, industrials lost 1.24%, and the property sector dipped 0.44%.

Market bellwether SM Investments slid 2.72% to P803.50, marking its lowest price, while other major holding firms also declined as the market retreated after a four-day rally. Notable conglomerates JG Summit, Ayala Corporation, Aboitiz Equity Ventures, and Alliance Global likewise posted losses.

Losers outnumbered gainers 115 to 75, with 50 stocks unchanged. Trading value turnover amounted to P6 billion, with foreign trades accounting for P5.8 billion. There was a net foreign buying of P403 million, with total foreign buying at P3.105 billion versus foreign selling at P2.701 billion.

Among the biggest decliners were BDO Unibank, ICTSI, Ayala Land, Globe Telecom, Converge, China Bank, Security Bank, Metrobank, Jollibee Foods, Meralco, Pilipinas Shell, Monde Nissin, D&L Industries, Apex Mining, Atlas Mining, Philodrill, PhilWeb, Puregold, Belle Corp, Bloomberry, and Haus Talk.

On the positive side, Bank of the Philippine Islands (BPI), Manila Water, DigiPlus, DITO CME, Philippine Airlines (PAL), DFNN, Vista Land, VREIT, Citicore REIT, Union Bank, Semirara Mining, SPNEC, and Fruitas posted gains.

Several stocks remained unchanged, including Megawide, Cemex Holdings, Abacore, DMCI Holdings, GT Capital, Cebu Air, Robinsons Land, and Cebu Landmasters.