PSEi slips as services and industrials drag; property and financials offer rare support
The Philippine Stock Exchange Index (PSEi) closed lower at 5,756.66, down 22.46 points (-0.39%) on Tuesday, as selling in the services and industrial sectors weighed on the market.
Despite the overall decline, Property and Financials posted moderate gains, helping cushion the drop.
Market breadth remained negative with 74 advancers, 94 decliners, and 60 unchanged.
Total value turnover reached ₱6.67 billion across 78,785 trades.
Sector Highlights
- Financials: Slightly positive (+0.28%), supported by buying interest in BDO.
- Holding Firms: Almost flat (+0.02%).
- Property: A bright spot today (+1.13%), boosted by SMPH and BDO’s strength which lifted sentiment in the broader real estate space.
- Services: The biggest drag (-1.65%), as ICT and JGS fell sharply.
- Industrials: Also weak (-1.07%).
- Mining & Oil: Declined (-1.31%) after recent volatility.
Most Actively Traded Stocks
Ayala Land (ALI) led the market in volume but slid 2.89% to ₱18.84 amid continued pressure on property names.
Other top movers included:
- ICTSI (ICT): ₱547 (-2.32%) — heavy selling continued.
- Ayala Corp (AC): ₱415.20 (-0.43%).
- PLDT (TEL): ₱1,294 (+1.25%) — one of the day’s strongest large-cap gainers.
- BDO: ₱127.50 (+1.19%) — supported the Financials index.
- SM Investments (SM): ₱693 (+1.17%) — recovery buying lifted the stock.
- SM Prime (SMPH): ₱21.40 (+4.65%) — the day’s standout performer.
- BPI: ₱104.60 (-0.38%) — slightly down.
- Jollibee (JFC): ₱190.20 (+0.11%).
- JG Summit (JGS): ₱20.20 (-3.81%) — among the biggest losers.
Market Summary
- Total Volume: 1.15 billion shares
- Total Value: ₱6.67 billion
- Advancers: 74
- Decliners: 94
- Unchanged: 60
PinchuTV’s Take
The market struggled again today as weakness in major services stocks pulled the index lower. ICT’s drop continues to be a major drag on sentiment.
However, there were positive signals:
- Property stocks rebounded, led by SMPH’s strong 4.65% gain.
- BDO and SM also added some stability to the index.
The market still appears to be in a bottoming phase near the 5,700–5,800 range, and bargain-hunting remains selective. As global sentiment improves and earnings stabilize, this zone could continue to act as accumulation territory for long-term investors.
🇬🇧 Quick Summary
- PSEi closed at 5,756.66 (-0.39%)
- Services and Industrials weakened the index
- Property + Financials rose and softened the decline
- SMPH, SM, BDO, and TEL were notable gainers
- ICT and JGS weighed heavily on sentiment
- Overall market remained cautious, with risk appetite still limited