Right here’s a recap of final week’s (ending June 27) market exercise from First Metro Securities.
Property information
MICE infrastructure. SM Accommodations and Conference Corp., a unit of SM Prime Holdings (SMPH), is allocating P5.3 billion to strengthen its conferences, incentives, conventions, and exhibitions (MICE) footprint. The flagship improvement—SMX Conference Heart Seaside Cebu—is slated to open in Q3 2026, and is positioned to turn into one of many largest and most superior occasion venues within the Visayas.
Historic Nasdaq debut. Hotel101 International, the worldwide arm of DoubleDragon Corp. (DD), debuted final week on the Nasdaq beneath the ticker image HBNB, turning into the primary Filipino-owned firm listed on the U.S. trade. The corporate is focusing on a $2.3 billion international growth throughout 101 international locations, showcasing Filipino ambition on the world stage.
Financial information
Commerce deficit. The Philippines’ commerce deficit narrowed by 30.4 % to$3.29 billion in Might, as exports surged by 15.1 % to $7.29 billion, outpacing import progress. The rebound in electronics and resource-based merchandise contributed considerably to the export efficiency.
Gas rollback. Following a pointy gas worth improve of over P5 per liter final week, the Division of Power anticipates a rollback exceeding P2 per liter this week. That is attributed to declining international oil costs after a ceasefire settlement between Israel and Iran helped ease geopolitical tensions.
Flood management venture. Regardless of preliminary delays, the Metro Manila Flood Administration Undertaking, backed by the World Financial institution and Asian Infrastructure Funding Financial institution (AIIB), has already improved the lives of over 600,000 residents and efficiently resettled 400 households, based on a brand new joint report by 10 international improvement banks advocating water resilience.
Report finances authorised. The Improvement Price range Coordination Committee (DBCC) has authorised a P6.79 trillion nationwide finances for fiscal 12 months 2026—a 7.4 % improve from 2025. The finances emphasizes investments in social providers, infrastructure, and digital transformation, geared toward sustaining progress amid international financial headwinds.
Housing costs. Residential property costs rose by 7.6 % year-on-year in Q1 2025, albeit slower than the earlier quarter. Metro Manila posted a pointy 13.9 % improve, pushed primarily by rising costs of condominiums and homes, primarily based on information from the Bangko Sentral ng Pilipinas (BSP).
Philippine Inventory Change index
PSEi: 6,408.27 (+77.62 factors; +1.23 %); Val T/O P5.85 billion; $103.53 million (ex-block)
The native bourse ended the week on firmer floor, with the benchmark PSEi climbing 77.62 factors (+1.23 %) to settle at 6,408.27. The upswing tracked the broader regional rally, as buyers reacted positively to Wall Avenue’s rebound, bolstering danger urge for food throughout Asian markets.
