PSE Index Soars Past Two Milestone Levels

The Philippine Stock Exchange (PSE) index soared today, with all sub-indices posting hefty gains, pushing the benchmark up by two milestone levels to 6,089.06 points—an increase of 206.02 points or 3.5 percent.

The Philippine Stock Exchange (PSE) Index, February 4, 2025

Gainers outnumbered losers by more than two to one, as bargain hunters flooded the market, driving it to new heights.

Advancing stocks overwhelmed decliners, with 124 gainers against 61 losers, while 60 stocks remained unchanged. Net foreign buying amounted to P47.5 million, with total foreign buying at P3.99 billion and foreign selling at P3.352 billion.

Foreign trades accounted for P6.7 billion of the total turnover of P7.35 billion, indicating renewed local investor participation following a Black Friday rout that saw the market plunge by over 4 percent in two trading days.

Market bellwether SM Investments climbed 2.21 percent to P786, gaining P17. Other blue-chip stocks also posted significant gains, including ICTSI, the second most active stock with a turnover of P662 billion, which surged 7.62 percent to P367, up P26.

Meanwhile, China Bank, the most actively traded stock, declined by P1 to P92.

Other notable gainers included BDO Unibank, Bank of the Philippine Islands (BPI), Metrobank, Meralco, Ayala Land, SM Prime, PLDT, Union Bank, Nickel Asia, San Miguel, PNB, SPNEC, Jollibee Foods, ACEN Corp, Manila Water, Meralco, Universal Robina, Belle Corp, and Bloomberry.

The services sector led gains with a 4.76 percent increase, followed by financials at 3.94 percent and mining and oil at 3.42 percent.

Holding firms rose by 1.96 percent, industrials by 2.95 percent, and property by 2.72 percent. The market opened at 5,930.74, its lowest level of the day, before climbing to an intraday high of 6,094.00.

Among the notable decliners were Emperador, Alternergy, Petron, Robinsons Land, Philweb, Atlas Mining, Philex Mining, Enex Energy, PXP Energy, and Premiere Horizon. Stocks that remained unchanged included Citicore REIT, Roxas and Co., Ginebra, CEMEX Holdings, JG Summit, GT Capital, AREIT, Pacific Online, Global Estate, and Haus Talk.