First Metro Securities

FirstMetroSec Philippine Market Wrap-up | June 1, 2026 (Monday)

PHILIPPINES

PSEi 5,799.32 (+30.56 pts; +0.5300%); Val T/O: P7.133 Bn; $115.628 Mn; (ex-block)

First Metro Sec After the Bell – [June Starts Green]
The local bourse managed a modest rebound to open June, with the PSEI closing higher at 5,799.32 (+0.53%) as bargain hunters stepped in following last week’s rebalancing-driven selloff. Support from Wall Street’s record close and an easing of Middle East tensions helped steady sentiment, though recovery remained highly selective. Much of the advance was driven by Services (+2.47%) on strong gains from ICT (+3.65%) and JFC (+2.92%), offsetting continued weakness in several blue chips, notably CNVRG (-6.55%) and JGS (-6.09%). Turnover came in at a healthy Php 7.13-Bn despite a Php 1.14-Bn net foreign outflow that suggests offshore investors remain firmly in de-risking mode.

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FirstMetroSec is regulated by the SEC, PSE, and BSP.

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June 1, 2026: The PSEi closes at 5,799.32 up by +30.56 pts (+0.53%) on 7.13bln value traded.

𝐅𝐢𝐫𝐬𝐭𝐌𝐞𝐭𝐫𝐨𝐒𝐞𝐜 𝐖𝐞𝐞𝐤𝐥𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐜𝐚𝐩: 𝐉𝐮𝐧𝐞 𝟏, 𝟐𝟎𝟐𝟔

The local bourse endured a brutal session to close at 5,768.76 (-1.56%) as aggressive foreign liquidation aggravated selling pressure from the MSCI rebalancing event.

Total turnover exploded to a massive Php 25.76 billion as forced index adjustments drove heavy closing activity.

Foreign desks accounted for 74.45% of total trades, posting a staggering Php 6.65 billion in net outflows.

Index heavyweights JFC (-6.14%), MER (-4.76%), and ICT (-4.75%) bore the brunt of the selloff.

Meanwhile, pockets of resilience from ACEN (+7.84%), CNVRG (+5.97%), and SMC (+5.97%) helped temper the broader damage.

𝗘𝗖𝗢𝗡𝗢𝗠𝗜𝗖 𝗡𝗘𝗪𝗦
*Business Confidence Plummets: Business sentiment deteriorated further in April, pushing the BSP’s confidence index to a record low of -35.8%. Firms cited inflation, rising operating costs, weak consumer spending, and Middle East war anxieties.

*Strategic Petroleum Reserve: The Philippines is pursuing its first formal strategic oil reserve program through the DOE’s POWERR Asia framework. The initiative aims to bolster national energy security against global supply shocks.

*Significant Fuel Rollbacks: The Department of Energy expects fuel prices to drop next week. Driven by easing geopolitical tensions following US-Iran negotiations, diesel is projected to fall by ₱7–₱8/liter, gasoline by ~₱4/liter, and kerosene by ₱9–₱10/liter.

𝗖𝗢𝗥𝗣𝗢𝗥𝗔𝗧𝗘 𝗡𝗘𝗪𝗦
*PGOLD (+2.62%): Responding to tighter household budgets, Puregold launched its "Always Price Packs" product line. The initiative offers more affordable basic goods to help consumers manage rising inflation.

*MREIT (0.0%): MREIT Inc. plans to acquire ₱25 billion worth of malls, offices, and a hotel from Megaworld Corporation. This marks its largest transaction to date, transforming the firm from a pure-office landlord into a diversified REIT.

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FirstMetroSec is regulated by the SEC, the PSE, and the BSP.