PSEi Closes at 9-Month High for the 5th Straight Day — JG Summit Soars, Ayala Land Gets Crushed
The Philippine stock market is on a roll. The PSEi closed Tuesday at 6,547.98, up 0.92 percent, marking its fifth consecutive day of gains and hitting a nine-month high. Investors are riding a wave of optimism fueled by the peso's recovery to the ₱57 level and expectations of strong corporate earnings for Q4 and full-year 2025.
Trading was brisk with net value turnover hitting ₱6.91 billion — well above the year-to-date average of ₱6.25 billion. Foreign investors were net buyers to the tune of ₱406.68 million, a good sign that international money is flowing back into Philippine equities. Market breadth was slightly positive with 100 advancers versus 98 decliners.
JG Summit was the day's big winner, surging 4.71 percent to ₱31.10 as investors positioned ahead of the conglomerate's full-year results. Expectations are high that Cebu Pacific's resilient travel demand plus improving consumer spending at Robinsons Retail and Universal Robina will lift the company's bottom line.
On the flip side, Ayala Land took a beating — dropping 5.08 percent to ₱20.55 as investors turned cautious on the property sector. Elevated interest rates and slower residential demand are weighing on the sector. Making things worse, both ALI and parent Ayala Corp are set to be removed from the international FTSE Russell benchmarks due to market cap issues, which could trigger short-term fund outflows.
The peso, however, weakened slightly from ₱57.57 to about ₱57.75 per dollar as the US dollar strengthened globally. Brent crude also edged higher around the mid-$80 per barrel range, adding pressure on the local currency. Overall, the market's momentum remains positive — but the property sector's slump and a stronger greenback are worth watching. Stay sharp, investors.
Source: Daily Tribune
