First Metro Securities

FirstMetroSec Philippine Market Wrap-up | May 29, 2026 (Friday)

PHILIPPINES

PSEi 5,768.76 (-91.18 pts; -1.5600%); Val T/O: P25.759 Bn; $418.111 Mn; (ex-block)

First Metro Sec After the Bell – [PSEi Retreats on Index Rebalancing and Offshore Selling Pressure]
The local bourse endured a brutal session to close at 5,768.76 (-1.56%) as aggressive foreign liquidation aggravated the pressure from the MSCI rebalancing event. Total turnover exploded to a massive Php 25.76-Bn as forced index adjustments drove heavy closing activity, with foreign desks accounting for 74.45% of total trades and posting a staggering Php 6.65-Bn in net outflows. Index heavyweights such as JFC (-6.14%), MER (-4.76%), and ICT (-4.75%) bore the brunt of the selloff with pockets of selective resilience from ACEN (+7.84%), CNVRG (+5.97%), and SMC (+5.97%) helping temper the broader damage.

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