The Philippine Stock Exchange index (PSEi) retreated 0.93% week-on-week (w/w) to close at 6,238.46 (-58.84 points), weighed down by continued Middle East tensions and a weaker peso during the holiday-shortened week.
The peso touched a fresh intraday record low of PHP 61.995 against the US dollar on Wednesday before closing the week at PHP 61.65. Foreign investors remained net sellers throughout the week at PHP 2.05 billion, following the announcement of the results of MSCI’s Quarterly Index review.
In the commodities space, Brent and WTI crude extended their climb, settling at USD 94.39 and USD 87.06 per barrel, respectively, as the unresolved US-Iran conflict continued to disrupt shipping through the Strait of Hormuz.
The local bourse is expected to trade sideways with a downward bias this week as Middle East tensions remain unresolved and pump prices head higher again, with diesel seen rising by PHP 1.75–2.25 per liter and gasoline by PHP 1.00–1.50 per liter on August 25, 2026, stoking fresh inflationary risk.
Heavy foreign outflows are likely to persist throughout the week as funds position and implement the results of MSCI’s August 2026 Quarterly Index review, which takes effect September 1, 2026. Moreover, investors will also position for the Bangko Sentral ng Pilipinas’ policy meeting on August 27, 2026.
Resistance: 6,370/6,490
Support: 6,090/6,130
The PSEi declined by 0.93% w/w to close at 6,238.46 (-58.84 points) after approaching its key support level near the 200-day moving average (MA) around the 6,120 level. The index has since rebounded above its 50-day MA, indicating improving near-term momentum. Meanwhile, the RSI has also shown a positive reversal, signaling early signs of strengthening bullish momentum.
Accumulating select value stocks at current levels is advisable.
OceanaGold (Philippines), Inc. (OGP) | BUY ON BREAKOUT | NO TARGET PRICE
OceanaGold (Philippines), Inc. reported strong earnings growth in 2Q 2026, with net income up 124% y/y to USD 32.7 million. The increase was primarily driven by a 32% y/y revenue increase to USD 126.9 million, supported by favorable gold and copper prices. Looking ahead, management expects higher production from the Didipio Mine in 2H 2026, driven by higher underground mining rates.
Accumulate OGP once it breaks above its near-term resistance at PHP 35.90 to confirm bullish momentum. Take profit at PHP 39.49 and set stop loss limits below PHP 34.00.
Universal Robina Corp. (URC) | BUY ON BREAKOUT | FMSEC TARGET PRICE: PHP 95.00
Universal Robina Corp.’s (URC) net income increased by 2.9% y/y to PHP 6.7 billion, ahead of consensus but below our estimates. Net sales grew by 4% y/y to PHP 89.3 billion, driven by contributions from the Branded Consumer Foods (BCF) business and Animal Nutrition and Health (ANH).
Looking ahead, volume growth will be supported by cooler rainy-season weather, which should lift demand for coffee, hot chocolate, and instant noodles, alongside seasonal demand from the holiday period. Accumulate URC once it breaks above PHP 63.95 to confirm a break from consolidation. Take profits at PHP 70.35 and set stop loss limits below PHP 60.75.
D&L Industries, Inc. (DNL) | BUY ON PULLBACKS | CONSENSUS TARGET PRICE: PHP 6.00
D&L Industries, Inc. (DNL) continues to benefit from easing input cost pressures, particularly lower coconut oil prices, which peaked in 2025. The improvement was evident in the food ingredients segment, where earnings rebounded 75% q/q, narrowing its 1H 2026 y/y decline to 12% at PHP 254 million.
Specialty plastics also remained a key growth driver, supported by stronger volumes. Accumulating DNL once it pulls back around PHP 3.50 level is advisable. Take profits around PHP 3.85 and set a stop-loss limit at PHP 3.33.
