DigiPlus shares climb 11%, Bloomberry gains 2.7% after Marcos' SONA omits online gambling

DigiPlus shares surged by nearly 19% on Monday and continued to climb by 11.06% on Tuesday, outperforming the PSEi as investors positioned bets ahead of President Marcos' State of the Nation Address.

Despite expectations for potential policy signals regarding online gambling, President Marcos did not mention the industry in his speech on Monday, easing concerns among investors about a possible ban.

Wendy Estacio-Cruz from Unicapital Securities noted that this omission might indicate the president is still considering economic implications of the sector and weighing regulatory risks.

Bloomberry also saw gains on both days, ending Tuesday up 2.70%, joining DigiPlus among top-traded stocks as analysts suggested a lack of immediate government interest in regulation or ban.

Analysts warn that while the SONA omission may signal no immediate threat to online gambling firms, regulatory uncertainty could lead to continued market volatility for gaming stocks.

Investors are urged to remain cautious and continue assessing the risk-reward balance for these stocks as market conditions evolve.