PSE Index In A Slight Drop

The Philippine Stock Exchange (PSE) index declined slightly Wednesday after a strong recovery from a mid-trade collapse, where all sub-indices were down.

The Philippine Stock Exchange (PSE) Index, March 12, 2025

It closed 11.29 points, or 0.18 percent, lower. The closing level was the day's highest point, with the industrial, holding firms, and property sectors posting gains.

Earlier, the index had dropped to a low of 6,123.88 points due to political noise surrounding the ICC's arrest order for former President Duterte, but this was quickly discounted by the market.

Financials declined by 0.64 percent, with top-traded BDO Unibank losing ₱2.80 to close at ₱152 on trades worth ₱788 million. The services sector fell by 1.26 percent, while mining and oil lost 0.81 percent.

Meanwhile, industrial gained 0.45 percent, holding firms inched up by 0.07 percent, and property advanced by 1.24 percent.

Value turnover reached ₱5.97 billion, with 77 gainers, 127 losers, and 40 unchanged stocks. Market bellwether SM Investments remained unchanged at ₱814, while the top gainers were Araneta Properties, which surged 42.11 percent to ₱0.81, and PhilWeb, which gained 26.52 percent to ₱2.91.

Foreign buying totaled ₱3.58 billion, while foreign selling amounted to ₱3.577 billion, resulting in a net foreign buying of ₱2.62 million.

Analysts expect the market to recover its losses, given the current stable political atmosphere.

Among the gainers were Bank of the Philippine Islands (BPI), Philippine National Bank (PNB), Ferronickel, First Gen, Meralco, Manila Water, Emperador, Monde Nissin, Universal Robina, Megawide, and Alliance Global. DMCI Holdings, GT Capital, Ayala Land, AREIT, Robinsons Land, DoubleDragon, Apex Mining, Philex Mining, and SM Prime also ended the day in the green.

The biggest losers included China Bank, EastWest Bank, Metrobank, Security Bank, Union Bank, Aboitiz Power, Semirara Mining, Shell Pilipinas, Vitarich, CEMEX Holdings, Aboitiz Equity, Converge, PLDT, Globe Telecom, MREIT, JG Summit, Wilcon Depot, OceanaGold, and Nickel Asia.

Unchanged stocks included Megaworld, San Miguel, Cosco Capital, AgriNurture, Basic Energy, Petron, SSI Group, and Haus Talk.