Philippine shares ended lower in a holiday-shortened trading week, as investors trimmed positions and booked profits ahead of the Holy Week break.

The Philippine Stock Exchange index (PSEi) retreated 0.83% on Wednesday to close at 6,134.62, snapping a cautious week marked by thin volumes and defensive trades. The broader All Shares Index, however, managed a modest gain, rising 0.28% to 3,656.99.

Turnover remained subdued, with P4.21 billion worth of shares changing hands as market participants stepped to the sidelines ahead of the long weekend. The local bourse was closed Thursday and Friday for public holidays.

Despite the midweek pullback, the PSEi eked out a 0.86% advance for the week, trimming its year-to-date loss to 6.04%. The All Shares Index posted a slightly stronger weekly gain of 0.97%, paring its 2025 decline to 2.44%.

Investor sentiment appeared mixed, with gainers outpacing losers — 118 stocks advanced (48.6%), 84 declined (34.6%), and 41 closed unchanged.

Meanwhile, Jolliville Holdings Corporation (JOH) surged 33.21% during the week, making it the PSE’s top performer. MerryMart Consumer Corporation (MM) followed closely, climbing 30.43% amid investor optimism over retail recovery plays.

On the flip side, Jackstones Inc. (JAS) slumped 27.14%, marking the sharpest weekly drop among index constituents.

With the Holy Week pause behind, traders will return on Monday weighing global cues and corporate earnings for fresh direction.