PSEi Market Update (May 29, 2020)

PSEi: 5838.84 (+268.62, +4.82%)

The PSEi closed on a 4.82% jump, a substantial increase, especially considering the current economic climate. The transition of Metro Manila from MECQ to GCQ seems to have restored belief in the hopeful return to economic normalcy. We believe that considering the lack of testing and proverbial uncertainty surrounding Philippine economic activity at this point, it is risky to invest and investors should hold off on buying for now, and to observe market activity for the coming weeks.

Most Active: PGOLD, SECB, ALI, BDO, JFC

Symbol (Last Price Php, % Change)

Top Gainers:
IS (0.074, 32.14%)
PMPC (4.50, 12.5%)
PBB (9.89, 11.12%)
BDO (100.4, 11.12%)
PAL (6.71, 10.91%)

Worst Losers:
VVT (12.04, -19.73%)
SPM (1.79, -10.05%)
SBS (5.40, -9.70%)
RLT (0.24, -7.11%)
MAC (4.11, -7.01%)