The Philippine Stock Exchange Index closed the week at 6,072.24, up just 0.02% on Friday (June 26) but down roughly 63 points from the previous Friday’s close of 6,135.35. It was a week of cautious, range-bound trading as foreign selling pressure and weakness in the Mining & Oil sector kept broader sentiment in check.
Market Summary: June 26, 2026
| Index | Close | Change | % Change |
|---|---|---|---|
| PSEi | 6,072.24 | +1.18 | +0.02% |
| All Shares | 3,330.35 | -0.74 | -0.02% |
| Financials | 1,867.09 | +19.66 | +1.06% |
| Industrial | 8,321.72 | -23.97 | -0.29% |
| Holding Firms | 4,384.15 | +31.14 | +0.72% |
| Property | 1,889.54 | +16.29 | +0.87% |
| Services | 3,171.63 | -33.89 | -1.06% |
| Mining & Oil | 14,361.45 | -410.09 | -2.78% |
Total turnover: PHP 8.52 billion across 82,920 trades. Advances: 97 / Declines: 80 / Unchanged: 66
Most active by value: ICT (PHP 1.51B), BDO (PHP 580M), AC (PHP 250M), MYNLD (PHP 248M), SM (PHP 168M)
USD/PHP: 61.39 (June 26) PHP/JPY: approx. 0.3795
What Moved the Market This Week
The week started on a soft note. On Monday June 23, the PSEi dropped roughly 1.6% to 6,035 as foreign investors sold across sectors. The index clawed back through the week, finishing broadly flat by Friday.
Mining & Oil was the clear underperformer, sliding 2.78% on Friday alone — the sector’s continued sensitivity to global commodity price moves and the lingering Middle East situation (the Iran conflict continues to cast a shadow over energy markets). Services also slipped 1.06%.
On the positive side, Financials gained over 1%, Property recovered 0.87%, and Holding Firms added 0.72% — suggesting some rotation into rate-sensitive and property names as BSP rate-hike fears eased slightly at the margin.
The broader macro backdrop remains challenging: the Philippines posted Q1 2026 GDP growth of just 2.8% year-on-year, the weakest non-pandemic reading in years, and the slowest among major ASEAN economies in the quarter. Vietnam grew 7.8%, Indonesia 5.6%, Malaysia 5.3% in the same period. As ASEAN Chair in 2026, the Philippines finds itself in the awkward position of leading the region while lagging economically.
Portfolio Update: AB Capital Securities, Week 2
Summary
| PHP | |
|---|---|
| Market Value | 446,509 |
| Total Cost | 528,516 |
| Unrealized P&L | ▲82,007 (−15.52%) |
| Mutual Fund | 3,512 (+0.33%) |
| Cash | 320 |
| Total (consolidated) | 450,341 |
No trades this week. Portfolio composition unchanged.
Winners
| Ticker | Last | Shares | P&L | % |
|---|---|---|---|---|
| DD | 12.68 | 2,400 | +13,719 | +82.7% |
| LTG | 14.86 | 2,000 | +11,221 | +61.0% |
| MYNLD | 19.88 | 1,200 | +5,762 | +32.0% |
| GLO | 1,800 | 15 | +4,909 | +22.3% |
| PSE | 200.00 | 100 | +3,566 | +21.8% |
Positions Under Water
| Ticker | Last | Shares | P&L | % |
|---|---|---|---|---|
| JFC | 131.50 | 650 | −57,387 | −40.3% |
| ALI | 15.30 | 2,200 | −19,956 | −37.3% |
| FRUIT | 0.63 | 9,000 | −3,555 | −38.7% |
| AC | 422.20 | 50 | −11,308 | −35.0% |
| SM | 596.50 | 40 | −10,294 | −30.2% |
Stock in Focus: Globe Telecom (GLO)
This week’s featured stock is Globe Telecom (GLO), which I hold in the portfolio at an average cost of PHP 1,465.64. At Friday’s close of PHP 1,800, that’s a gain of 22.3%, with unrealized profit of PHP 4,909.
Globe is one of the Philippines’ two dominant telcos, but what makes it particularly interesting from a long-term perspective is its exposure to GCash — the country’s largest mobile wallet, operated through subsidiary Mynt. GCash has become critical infrastructure for financial inclusion in the Philippines, and its user base and transaction volumes have continued to grow.
Globe offers a combination of a stable, cash-generative core telecom business and a high-growth digital financial services arm. The potential IPO of Mynt/GCash has not been formally confirmed as of this writing, so that optionality is not yet priced in as a certainty. Still, the core business alone justifies attention, and the dividend track record provides some income support while waiting for the longer-term thesis to play out.
Watch Points for Next Week
- Whether the PSEi can hold above the 6,000 level
- BSP’s next monetary policy meeting and tone on rates
- Continued pressure in Mining & Oil
- Iran conflict and global oil price direction
- Any Philippine economic data releases (trade, inflation)
Closing Note
Another week in the books. The portfolio sits at −15.5%, which is uncomfortable, but DD and LTG are doing real work in offsetting some of the drag from JFC and ALI. The Philippines’ macro picture is genuinely difficult right now — slowest GDP growth in ASEAN in Q1, stubbornly high inflation, and foreign capital that continues to rotate away from the index. But that’s part of investing in an emerging market. I’m here for the long run.
This post is a personal investment record and does not constitute financial advice. Investing in Philippine equities involves currency risk, country risk, and other factors. Please make your own informed decisions.
PinchuTV covers Philippine and ASEAN financial markets in Japanese and English. New episodes every week on Spotify and YouTube.