PSE Index In Sharp Rise

The Philippine Stock Exchange (PSE) index posted a sharp rise today, gaining 69.06 points, or 1.14 percent, to close at 6,113.19 points.

The Philippine Stock Exchange (PSE) Index, February 13, 2025

Market dynamics shifted amid optimistic projections following the hefty gain of Jollibee Foods Corporation (JFC), which emerged as the most actively traded stock, with ₱919 million in trades—the highest in years.

The surge in JFC stocks was driven by the company's disclosure of amendments to its corporate articles, removing the 40 percent foreign ownership limit and allowing unlimited foreign investment.

As a result, JFC's stock price surged by 10.72 percent to ₱262.40, marking a new high with a gain of ₱25.40.

JFC’s rally set a precedent for other companies to capitalize on, leading to gains across all stock sub-indices. Market bellwether SM Investments also rose by 1.29 percent to ₱825, while ICTSI gained 4.41 percent to ₱355, up by ₱15.

Sectoral indices showed broad-based gains: financials rose by 0.08 percent, industrials by 1.81 percent, holding firms by 1.09 percent, services by 2.61 percent, mining and oil by 2.70 percent, and property by 0.13 percent.

Total value turnover reached ₱6.08 billion, with 116 gainers, 86 losers, and 44 unchanged stocks.

Foreign investors were net sellers, with ₱369 million in net outflows, as foreign buying amounted to ₱2.75 billion while foreign selling reached ₱3.127 billion. The market opened at a muted 6,038.17 points before climbing to its milestone high.

Among the gainers were BDO Unibank, DigiPlus, Metrobank, SM Prime, Synergy Grid, Victorias Milling, Philex Mining, Semirara Mining, China Bank, Xurpas, Converge, DITO CME, Atlas Mining, OceanaGold, Oriental Petroleum, Wilcon Depot, and Haus Talk.

Declining stocks included Bank of the Philippine Islands (BPI), Ayala Land, ABS-CBN, Philippine National Bank (PNB), PSE, Ginebra, Vitarich, Megaworld, MREIT, Belle Corporation, Bloomberry, PhilSeven, PLDT, GMA-7, Meralco, DNK Industries, and Cebu Air.

Stocks that remained unchanged included Union Bank, Alternergy, Manila Water, Monde Nissin, AbaCore, Cebu Landmasters, DoubleDragon, Nickel Asia, Philodrill, and VistaREIT.