PSE Index Sees Gains Erased

The Philippine Stock Exchange (PSE) index lost its gains for the week Friday, ending at a milestone level lower at 6,266.75 points, down 56.38 points or 0.89 percent.

The Philippine Stock Exchange (PSE) Index, March 21, 2025

Except for Ayala Land, nine of the top ten active stocks posted losses as investors pocketed their gains.

DigiPlus, with ₱2.69 billion in trades, emerged as the most active but lost 4.69 percent to ₱36.60, while Robinsons Commercial declined by 2.58 percent to ₱6.43 on trades worth ₱1.3 billion.

Five of the sub-indices also posted losses: Financials fell 0.51 percent, Holding Firms lost 1.38 percent, Services declined 0.60 percent, Mining and Oil dropped 0.55 percent, and Property retreated 1.39 percent. Industrials bucked the trend with a modest 0.13 percent gain.

Total value turnover amounted to ₱11.77 billion, with foreign trades accounting for ₱15.5 billion, as investors sought bargain buys.

As a result, net foreign buying was recorded at ₱1.04 billion, based on foreign buying of ₱8.33 billion and foreign selling of ₱7.28 billion. There were 89 gainers, 108 losers, and 50 unchanged shares.

Stocks that gained were EastWest, Security Bank, Union Bank, ACEN Corp, First Gen, Basic Energy, Meralco, Manila Water, D&L Industries, Universal Robina, Semirara Mining, DoubleDragon, LT Group, Cebu Air, Philodrill, Converge, Wilcon Depot, Megaworld, Vitarich, DITO CME, Cebu Air, and Monde Nissin.

In the red were Ayala Corp, Abacore, Cebu Landmasters, GT Capital, Citicore RT, Cosco Capital, Aboitiz Equity, Robinsons Land, PLDT, ABS-CBN, GMA-7, Belle Corp, Bloomberry, Emperador, BDO Unibank, Bank of PI, Jollibee Foods, and SM Prime.

Alternergy, Aboitiz Power, Petron, Figaro Coffee, Synergy Grid, Nickel Asia, and Alliance Global saw no changes.