The Philippine Stock Exchange Index (PSEi) regained ground at noon on Monday, 2 June 2025, rising 22.75 points or 0.36% to 6,364.28. The broader All Shares Index also climbed 0.56% or 20.80 points to 3,744.42 as investor sentiment improved to start the week.
Bloomberry Resorts Corp. (BLOOM) topped trading activity with P216.1 million in value, gaining 5.02% to P4.39. Bank of the Philippine Islands (BPI) rose 1.37% to P141.00, while First Gen Corporation (FGEN) surged 14.06% to P18.82.
FGEN’s sharp rally came after it announced a deal to sell a 60 percent stake in its gas business to Razon-led Prime Infrastructure Capital, Inc. for P50 billion. The transaction gives Prime Infra control over several major power plants, including the 1,000-MW Santa Rita and the 1,200-MW Santa Maria projects, as well as the interim LNG terminal. FGEN Chairman Federico Lopez said the partnership would provide the company with additional capital to expand its renewable energy projects.
Citystate Savings Bank (CSB) was the morning’s top gainer, soaring 22.91% to P16.20, followed by Centro Escolar University (CEU), up 20.67%.
On the other hand, Cirtek Holdings Philippines Corporation Preferred B-2 Subseries "A" Shares (TCB2A) plummeted 30% to P0.07. Dizon Copper-Silver Mines, Inc. (DIZ) dropped 14.88%, and GEOGRACE Resources Philippines, Inc. (GEO) lost 14.29%.
The early gains suggest cautious optimism among investors, particularly in the energy and financial sectors, ahead of more economic data releases this week.