Step 1: Define antacids.
Antacids are substances that neutralize excess stomach acid (HCl).
Step 2: Analyze options.
- Magnesium hydroxide: a weak base used as an antacid.
- Phinacetin: analgesic drug (pain reliever), not an antacid.
- Penicillin: antibiotic.
- Sulphanilamide: antibacterial drug (sulfa drug).
Step 3: Conclusion.
Thus, the correct answer is Magnesium hydroxide.