PSE Index Salvages Small Gain

The Philippine Stock Exchange (PSE) index posted a small gain Monday, despite four of its sub-indices recording losses.

The Philippine Stock Exchange (PSE) Index, January 6, 2025

The index closed at 6,625.17 points, up by 21.36 points or 0.32 percent, as gains in financials and services outweighed the declines, supported by another day of net foreign buying.

Financials and services rose by 0.91 percent and 1.52 percent, respectively, offsetting losses in other sectors.

The industrials index fell by 0.11 percent, holding firms dropped by 0.50 percent, mining and oil decreased by 0.39 percent, and property edged down by 0.02 percent.

International Container Terminal Services Inc. (ICTSI), the most active stock with trades totaling ₱797 million, increased by 2.80 percent. Net foreign buying reached ₱40.9 million, with foreign selling at ₱1.646 billion and foreign buying at ₱1.605 billion.

ICTSI bolstered the services index, alongside reports of its investment in two schools promoting good manners and right conduct. However, market bellwether SM Investments dropped ₱9 to close at ₱899, though it briefly reached a high of 6,661.33 points.

Value turnover amounted to ₱3.86 billion, reflecting investor caution. Market activity included 112 gainers, 103 losers, and 52 unchanged issues.

Among the gainers were BDO Unibank, Dito CME, Ayala Land, Synergy Grid, EastWest Bank, PNB, Metrobank, Security Bank, First Gen, Shell Pilipinas, Petron, Citicore REIT, and Century Pacific Food.

Also up were San Miguel Food and Beverage, ACEN Corp., Aboitiz Equity Ventures, AREIT, Globe Telecom, PLDT, Bloomberry Resorts, Shakey’s Pizza, Robinsons Retail, and Wilcon Depot.

On the other hand, the decliners included Digiplus, Bank of the Philippine Islands (BPI), Jollibee Foods, Aboitiz Power, Monde Nissin, Alliance Global, Converge ICT, MRC Allied, Belle Corp., GT Capital, LT Group, DoubleDragon, Nickel Asia, Philodrill, and Atlas Mining.

Among the unchanged issues were AgriNurture, Fruitas Holdings, Figaro Coffee, Cemex Holdings, Ayala Corp., House of Investments, OceanaGold, PhilWeb, Philippine Seven, Robinsons Land, and RL Commercial REIT.