PSE Index Still In The Red

The Philippine Stock Exchange (PSE) index declined once again today, although it managed to recover some lost ground before the close, finishing at 5,987.75 points, down by 49.37 points or 0.82%.

The Philippine Stock Exchange (PSE) Index, February 11, 2025

Bargain hunting before the close helped the index recover after dipping to 5,955.73 points, its lowest level of the session, though still 100 points above its support level.

The financials sector was the only sub-index to post gains, rising 1.26%, driven by a ₱5.20 or 3.87% increase in BDO Unibank’s stock price to ₱140.80. BDO was the third most actively traded stock, with a turnover of ₱456 million.

Market bellwether SM Investments saw its share price drop to ₱780 before recovering to ₱794, up by ₱1. Meanwhile, top-traded ICTSI, which had a turnover of ₱1.1 billion, was unable to fully recover, closing at ₱332, down ₱16.60 or 4.76%.

Financials were up 1.26%, Industrials, down 0.93%, Holding Firms, down 0.03%, Mining and Oil, down 0.06%, Services, down -.23%, and Property dropped by 2.81%.

There was net foreign selling of ₱655 million, with foreign buying amounting to ₱2.393 billion against foreign selling of ₱3.046 billion. Foreign trades accounted for ₱5.4 billion of the total ₱5.818 billion in market transactions.

The market recorded 78 gainers, 106 losers, and 55 unchanged stocks. Analysts expect the market to remain weak due to political uncertainties and concerns over U.S. tariff measures that could affect the Philippine economy.

Among the biggest gainers were DigiPlus, Jollibee Foods, Metrobank, PSE, Security Bank, EastWest, Aboitiz Power, Shell Pilipinas, AgriNurture, Axelum, D&L Industries, Ginebra, Alliance Global, ABS-CBN, Globe Telecom, AREIT, Wilcon Depot, Apex Mining, Atlas Mining, OceanaGold, Philex Mining, and Haus Talk.

Among the biggest losers were Bank of the Philippine Islands (BPI), Ayala Land, SM Prime, PNB, ACEN Corp, Alternergy, Petron Corp, Emperador, Monde Nissin, Universal Robina, Keeper Holdings, Ayala Corp, Aboitiz Equity, JG Summit, Converge, Bloomberry, Puregold, Nickel Asia, MREIT, GT Capital, and MRC Allied.

Stocks that remained unchanged included were Union Bank, First Gen, Semirara Mining, SPNEC, VREIT, DoubleDragon, Filinvest Land, Megaworld, PLDT, and Belle Corp.