PSE Index Sees Milestone On Bargain Hunting

The Philippine Stock Exchange (PSE) index rose today due to bargain hunting, closing at a milestone level of 6,352.12 points—up by 86.60 points or 1.38 percent.

The Philippine Stock Exchange (PSE) Index, January 17, 2025

All sub-indices were in the green, with financials posting the largest gain of 2.77 percent.

Top-traded BDO Unibank rose by ₱7 to ₱145, marking a 5.07 percent increase with trades totaling ₱560.4 million. Other bank stocks also advanced, including Bank of the Philippine Islands (BPI), Metrobank, China Bank, and Security Bank.

Market bellwether SM Investments closed at its highest price point of ₱835, reflecting a ₱14 gain.

Holding firms rose by 1.12 percent, services gained 0.65 percent, industrials were up by 0.21 percent, mining and oil advanced by 0.08 percent, and property increased by 0.98 percent.

Total trades amounted to ₱4.9 billion, while foreign buying reached ₱2.622 billion compared to foreign selling of ₱2.719 billion, resulting in net foreign selling of ₱97.3 million.

Advancers outnumbered decliners, with 100 gainers versus 82 losers and 59 shares unchanged.

Among the gainers were Ayala Land, SM Prime, Philex Mining, PXP Energy, Jollibee Foods, PAL, DITO CME, Meralco, Semirara Mining, Figaro Coffee, D&L Industries, Universal Robina, Aboitiz Equity, LT Group, OceanaGold, Belle Corp., Bloomberry, Vista Land, Cebu Air, DoubleDragon, Megaworld, MREIT, Alliance Global, Ayala Corp., CREIT, Cosco Capital, ICTSI, Haus Talk, and Filinvest Land.

The decliners included PLDT, Synergy Grid, ACEN Corp., Prime Media, Union Bank, PNB, SPNEC, Aboitiz Power, AbaCore, San Miguel, JG Summit, ABS-CBN, Apex Mining, Nickel Asia, Converge, Wilcon Depot, AREIT, Monde Nissin, Manila Water, GT Capital, and AgriNurture.

Unchanged stocks included Alternergy, Petron Corp., Max’s Group, Shell Pilipinas, Vitarich, GMA-7, Globe Telecom, Puregold, Metro Retail, Atlas Mining, Ginebra, DMCI Holdings, and CREC.