Week in review: 28 September–2 October 2026
Last Friday’s rebound did not last. The PSEi fell in all five sessions this week, closing at 5,629.03 on 2 October, down 3.38% from the previous Friday.
My account also looks worse. The stock portion now shows an unrealised loss of 18.81% against cost, compared with 17.18% in my previous record. During the week, I added to my URC holding.
This is my personal investment journal. I hold the shares discussed below, and nothing here is a recommendation to buy or sell them.
Market sources: Philippine Stock Exchange and PSEi daily historical data.
Further below cost
The stock portfolio’s unrealised loss has widened by 1.63 percentage points. Including the mutual fund and cash balances, the account’s displayed loss against cost is 18.67%.
That change is not my weekly investment return. It compares two snapshots of unrealised gains and losses against acquisition costs, and this week’s purchase also changed the cost base. It excludes dividends and realised gains or losses from earlier sales.
I have not calculated a weekly return adjusted for cash flows. These figures describe the holdings still in the account.
I added to URC on 29 September
The purchase shown in this week’s transaction history was Universal Robina, or URC, on 29 September.
After that addition, the holding represents roughly 1.4% of the displayed value of my stock portfolio. It still shows an unrealised loss of 23.99% against cost.
The purchase has not changed the overall shape of the portfolio very much. URC remains a relatively small position, and adding to it does not resolve the losses already sitting elsewhere in the account.
There is also a company development to follow. URC’s official disclosure list shows reports covering share buyback transactions on 21–25 September, listed on 29 September. The listing date falls within this review week; the transactions themselves relate to the previous week. Source: URC disclosures
I could verify the report titles and dates on the official list, but could not retrieve the linked report, so I am not quoting purchase volumes or amounts. A buyback does not guarantee a higher share price. I also want to see what the company’s results say about sales volumes and margins.
Jollibee still carries the most weight
URC was the purchase this week, but JFC remains the holding with the greatest influence on my account. It represents about 21.5% of the stock portfolio and shows an unrealised loss of 34.90%.
BDO accounts for about 11.1%, with a loss of 10.89% against cost. ALI represents roughly 7.9%, with a loss of 36.97%. Together, these three holdings make up approximately 40.4% of the stock portfolio.
I hold 24 stocks, but the exposure is far from evenly spread. That matters when deciding where to spend time reading results and company announcements.
JGS and SM have deeper percentage losses, at 45.01% and 42.10% respectively. But the largest percentage loss is not necessarily the position that contributes most to the account’s overall loss. Position size matters too.
LTG and DD remain well above my purchase costs
There are still seven holdings showing unrealised gains and 17 showing losses.
LTG is ahead by 63.86% against cost, followed by DD at 59.92%. PSE shows a gain of 27.16% and AP 13.91%. MYNLD, GLO and AGI are also positive.
Those gains are welcome, but they have not offset the losses elsewhere. The account remains down 18.81% on its stock holdings. The individual percentages cannot simply be added together: each position has a different cost and size.
These are gains against my acquisition costs, not the shares’ returns for this week.
A weaker manufacturing reading
Beyond the account, September’s manufacturing figures gave me another reason to watch business conditions closely. The Philippine Star reported that the S&P Global Philippines Manufacturing PMI fell to 49.6 from 54.9 in August, with output, new orders and employment weakening. Source: The Philippine Star
That survey does not establish that sales at URC or JFC are falling. I need their own results and disclosures to assess that. It does, however, provide context for the questions I want to ask about demand, costs and margins.
What I will follow next
I continue to invest in Philippine shares while working towards the Special Investor’s Resident Visa, or SIRV. This week, I added to URC while the portfolio’s unrealised loss widened.
Next week, I will watch whether the market’s losing streak ends and follow developments at URC. I also need to keep JFC, BDO and ALI in view. A recent purchase naturally attracts attention, but the companies I already hold in larger proportions deserve at least as much of it.
Data note: Market figures cover 28 September–2 October 2026. Holdings are based on the account’s indicative display supplied on 3 October. The pasted holdings did not specify a valuation date, and I have not independently matched every share price to the 2 October close. Portfolio weights use the displayed value of the stock holdings only. Gains and losses are against cost and exclude dividends, realised gains or losses, and conversion into Japanese yen. Comparisons use the previous saved account record; no cash-flow-adjusted weekly portfolio return has been calculated.