Profit taking ends market’s 3-day climb

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December 17, 2025 | 12:00am

MANILA, Philippines — The local stock market snapped a three-day winning streak as investors decided to cash in on recent gains.

The bellwether Philippine Stock Exchange index slipped by 0.4 percent or 2.34 points to cap off yesterday’s session at 6,055.68.

The broader All Shares index likewise declined by 0.1 percent or 3.57 points, closing at 3,452.26.

Philstocks Financial research manager Japhet Tantiangco said the local market was in positive territory for most part of the day, carried by hopes of another rate cut by the Bangko Sentral ng Pilipinas next year.

“However, last minute profit taking sent the local market lower by the close,” Tantiangco said.

Total turnover value improved to P7.69 billion from the previous day’s P6.41 billion.

According to Tantiangco, foreigners were net sellers with outflows amounting to P399.92 million.

Local sectors were mostly in the red, with service taking the biggest hit with a 1.84-percent drop.

Financials and property indexes, meanwhile, managed to buck the downtrend, rising by 1.65 percent and 0.75 percent, respectively.

Market breadth was negative as decliners squashed advancers, 101 to 81, while 57 issues were unchanged.

ICTSI was the session’s most active stock, plunging by 2.41 percent to P567 per share, followed by BDO and Ayala Land which rose by 2.26 percent and 0.67 percent, respectively, to P131.30 and P22.70.

Among index members, ACEN recorded the highest jump ay 4.04 percent, while DigiPlus lost the most, declining by 3.83 percent.