PSE Index Rebounds To 6,000-Point Level

The Philippine Stock Exchange (PSE) index returned to the 6,000-point level today after initially dropping to a concerning low below Tuesday’s close.

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

All sub-indices posted gains, with the mining and oil sector being the last to recover. The index closed at 6,044.13 points, up by 56.38 points or 0.94%.

Volatility marked the trading session, with a 116-point variance between the day's high of 6,073.83 and the low of 5,957 points. Foreign investors were net sellers throughout the day, with foreign buying amounting to ₱2.845 billion and foreign selling reaching ₱3.3 billion, resulting in net foreign selling of ₱455 million.

Total value turnover stood at ₱5.83 billion. JG Summit, Universal Robina Corporation (URC), and Monde Nissin saw fluctuating prices during the session. By the close, JG Summit and URC posted losses, while Monde ended higher.

This movement followed an MSCI index reclassification, which downgraded JG Summit and URC from the large-cap index to the small-cap index while adding Monde to the small-cap index.

The changes will take effect at the end of the month. JG Summit initially rose to ₱15.32 before dropping to ₱14.96, while URC also declined. Meanwhile, Monde surged 5.96% to ₱8, up ₱0.45.

Market bellwether SM Investments led the gains, rising 2.58% to ₱814.50, up ₱20.50, helping the holding firms sector achieve the highest sub-index gain of 1.34%. Other sectoral gains included: Financials: +0.49%, Industrials: +0.54%, Services: +0.79%, Property: +0.43%, and Mining and Oil: +0.06%.

There were 74 gainers, 103 losers, and 64 unchanged stocks.

The losers were ICTSI, Bank of the Philippine Islands (BPI), SM Prime, Ayala Land, Bright Kindle, PhilWeb, China Bank, Security Bank, PNB, San Miguel, VistaREIT, AbaCore, SMC Food and Beverage, Basic Energy, PSE, Meralco, Petron, Synergy Grid, Century Pacific Food, Ginebra San Miguel, Jollibee Foods, Ayala Corp., Cebu Landmasters, PLDT, Apex Mining, Philex Mining, Anscor, AREIT, and Rockwell.

Among the shares in the green were BDO Unibank, Metrobank, Globe Telecom, Wilcon Depot, Enex Energy, Manila Water, Semirara Mining, Aboitiz Power, First Gen, Shell Pilipinas, SPNEC, Figaro Coffee, Emperador, DNL Industries, Megawide, CEMEX Holdings, Alliance Global, Cosco Capital, Bloomberry, DigiPlus, PXP Energy, Megaworld, Ionics, DMCI Holdings, LT Group, MREIT, Robinsons Land, Filinvest Land, Shang Properties, DITO CME, and ABS-CBN.

Meanwhile, Citicore REIT, Haus Talk, Union Bank, Alternergy, GT Capital, Axelum Resources, Belle Corp., Robinsons Retail, Vista Land, Fruitas, Keepers Holdings, Aboitiz Equity, Global Resorts, Century Properties, Double Dragon, GMA-7, and Cebu Air remained unchanged.