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The Week In Review: Resilience and Retrenchment Across the Market

Posted on 9/20/26

The trading week spanning Monday, September 14 to Friday, September 18, 2026, presented a dynamic performance on the local bourse, characterized by both impressive rallies and notable declines. Positive economic indicators, including an optimistic outlook for the third quarter's Gross Domestic Product growth and the central bank's recent dovish stance on interest rates, provided a generally buoyant backdrop. This sentiment, however, was tempered by localized concerns, such as the lingering effects of Typhoon Sulong and ongoing probes into several high-profile public infrastructure projects, creating a highly selective market environment for investors.

Among the standout performers, SUPERCITY REALTY DEVELOPMENT CORPORATION (SRDC) delivered an extraordinary run, having started the week with shares at 10.0 and settling with a remarkable 32.15 at the end, registering a staggering 221.50% maximum gain, peaking on Friday, September 18. METRO ALLIANCE HOLDINGS & EQUITIES CORP (MAH) also surged, beginning at 0.37 and closing at 0.72, achieving a significant 94.59% maximum gain by week's end on Friday, September 18, on the back of renewed investor confidence in holding companies. ROXAS AND COMPANY, INC. (RCI) likewise posted a strong showing, starting at 2.5 and finishing at 3.3, with its value peaking at 3.3 on Friday, September 18 for a 32.0% gain, possibly buoyed by positive developments in the agricultural sector.

Further gains were observed in key sectors reflecting the broader economic optimism. FILINVEST DEVELOPMENT CORPORATION (FDC) started the week at 3.65 and settled with 4.14, gaining 13.42% as property developers benefited from a more favorable interest rate environment, peaking on Friday, September 18. In the energy sector, ACEN CORPORATION (ACEN) began at 2.61 and closed at 2.87, peaking at 2.87 on Friday, September 18 for a 9.96% gain, while ENEX ENERGY CORP. (ENEX) also saw a substantial rise, starting at 3.19 and ending at 3.5, driven by stable energy demand and lower operational costs. PAL HOLDINGS, INC. (PAL) capitalized on the improving travel sentiment, starting at 3.09 and settling with 3.53, registering a 14.24% gain, peaking on Friday, September 18, indicating a rebound in the tourism industry.

However, the week was not without its share of downturns, as certain stocks faced significant headwinds. The impact of Typhoon Sulong, which brought widespread disruptions earlier in the month, continued to weigh heavily on consumer-related and logistics-dependent sectors. Additionally, recent government scrutiny over delayed and potentially overpriced public infrastructure projects led to cautious trading in several associated enterprises. This cautious sentiment was reflected in the performance of ABS-CBN HOLDINGS CORPORATION - PHILIPPINE DEPOSIT RECEIPTS (ABSP), which started at 3.12 and settled with 2.64, enduring a substantial 23.72% maximum loss on Wednesday, September 16, as media companies grapple with evolving market dynamics.

The airline sector also felt the pressure, with CEBU AIR, INC. (CEB) starting at 26.0 and settling dramatically lower at 21.85, suffering a steep 15.96% maximum loss by the end of the week on Friday, September 18. Similarly, BLOOMBERRY RESORTS CORPORATION (BLOOM) started at 2.2 and closed at 1.94, marking an 11.82% maximum loss for the week as the hospitality sector still navigates cautious consumer spending. CONCREAT HOLDINGS PHILIPPINES, INC. (CHP) also faced a tough week, beginning at 1.39 and settling at 1.24, with its lowest day of the week for CHP occurring on Wednesday, September 16, when its price hit 1.22, translating to a 12.23% maximum loss, possibly due to the aforementioned infrastructure probe and project delays.

Other notable decliners included CIRTEK HOLDINGS PHILIPPINES CORPORATION PREFERRED B-2 SUBSERIES D SHARES (TCB2D), which saw its price drop from 7.39 to 6.13, experiencing a 17.19% maximum loss with its lowest point at 6.12 on Thursday, September 17. PRIME MEDIA HOLDINGS, INC. (PRIM) also recorded a significant downturn, starting at 1.16 and settling at 1.12, having seen its value decline by 12.93% on Thursday, September 17. Even with some initial upward movements, MAKATI FINANCE CORPORATION (MFIN) ended the week lower, starting at 1.9, peaking at 2.17 on Tuesday, September 15, but ultimately settling at 1.85 on Friday, September 18, demonstrating the market's quick shifts in sentiment and investor profit-taking.

In summation, the week of September 14 to 18, 2026, presented a complex picture for investors. While macroeconomic tailwinds like robust GDP projections and accommodative monetary policy provided a foundation for growth in sectors such as property and energy, specific industry challenges and localized events, including a significant typhoon and infrastructure scrutiny, underscored the inherent volatility. The divergent performances across the market suggest that investors are increasingly discerning, favoring companies with strong fundamentals and clear growth trajectories, while being quick to divest from those facing sector-specific pressures or regulatory uncertainties, making prudent stock selection paramount.