Market Shifting: Property, Mining Interests Climb as REITs, Speculative Plays Retreat
Posted on 6/16/26
Trading activity on Tuesday unfolded with varied performance across sectors, seeing renewed investor interest in select property and mining issues, while real estate investment trusts and certain speculative stocks experienced declines. Overall market sentiment appeared to favor companies with specific development news or those sensitive to commodity price movements.
Leading the day's advancers was Philippine Estates Corporation (PHES), which saw its shares surge by 15.29%. The stock closed at ₱0.49, marking a gain of ₱0.065 from its previous close of ₱0.425. Trading volume for Philippine Estates Corporation reached 360,000 shares, generating a total value of ₱159,500.00. The company, a developer of residential and commercial projects, may have benefited from broader positive sentiment towards the real estate sector, or specific project announcements.
Swift Foods, Inc. (SFI) also recorded a significant jump, rising by 12.24%. Its last done price was ₱0.055, an increase of ₱0.006 from its previous ₱0.049. A total of 300,000 shares changed hands, valued at ₱16,200.00. A Brown Company, Inc. (BRN) likewise gained, closing up 11.94% at ₱0.75, a ₱0.08 increase from ₱0.67, with 120,000 shares traded for a total value of ₱83,580.00.
Boulevard Holdings, Inc. (BHI) posted an 11.11% gain, settling at ₱0.030. This reflected a ₱0.003 price change from its ₱0.027 previous close. The tourism and property developer saw substantial activity with 9,600,000 shares traded, amounting to ₱276,200.00. Nihao Mineral Resources International, Inc. (NI) also performed strongly, up 9.76% to ₱0.45 from ₱0.41, with a volume of 10,000 shares valued at ₱4,500.00, likely reacting to movements in metal prices.
In the mining sector, Philex Mining Corporation (PX) climbed 7.67%, with its shares closing at ₱9.12, up ₱0.65 from its ₱8.47 previous close. The company, a major player in copper and gold mining, traded a hefty 7,024,800 shares with a significant total value of ₱62,322,000.00. The positive movement could be attributed to ongoing progress in its Silangan copper-gold project or an uptick in global metal prices. Oriental Peninsula Resources Group, Inc. (ORE), another mining concern, also saw a 5.81% increase, closing at ₱0.455 from ₱0.43, with 120,000 shares traded for ₱51,750.00. Megawide Construction Corporation (MWIDE) finished the session higher by 5.63%, closing at ₱3.75 from its ₱3.55 previous close. The construction giant traded 6,415,000 shares worth ₱23,790,400.00, potentially riding on renewed optimism for infrastructure projects.
On the flip side, Supercity Realty Development Corporation (SRDC) led the decliners, shedding 10.95% of its value. Its shares closed at ₱11.38, down ₱1.40 from its previous close of ₱12.78. A total of 5,700 shares were traded, valued at ₱59,498.00.
CTS Global Equity Group, Inc. (CTS), a trading and investment company, experienced a 9.86% drop, closing at ₱0.320. This represented a ₱0.035 decline from its ₱0.355 previous close, with 2,000,000 shares changing hands for a total value of ₱664,450.00. Such volatility is not uncommon for firms heavily involved in market-making and trading activities, often reflecting broader market sentiment or profit-taking after previous runs.
Oriental Petroleum and Minerals Corporation “A” (OPM) shares fell by 7.14%, closing at ₱0.013, down ₱0.001 from its ₱0.014 previous close. The speculative oil and gas explorer traded a substantial 22,800,000 shares for ₱298,000.00. Geograce Resources Philippines, Inc. (GEO) also lost 6.25%, with its price settling at ₱0.075 from ₱0.08, on a volume of 7,030,000 shares valued at ₱528,260.00.
AREIT, Inc. (AREIT), the pioneer real estate investment trust, saw its shares decline by 5.45%. It closed at ₱36.40, a significant drop of ₱2.10 from its ₱38.50 previous close. A high volume of 7,860,800 shares were traded, amounting to ₱287,142,016.00. REITs have generally faced pressure from rising interest rates, which make fixed-income investments more attractive, and concerns over office space occupancy rates. NexGen Energy Corp. (XG) also registered a 4.91% loss, closing at ₱2.52 from ₱2.65, with 39,000 shares traded for ₱99,020.00.
Petron Corporation Non-Voting Perpetual Series 4B Preferred Shares (PRF4B) decreased by 4.85%, closing at ₱951.50, down ₱48.50 from its ₱1,000.00 previous close, with 1,000 shares valued at ₱951,500.00. Philippine Business Bank, Inc., A Savings Bank (PBB) also declined by 4.63%, with its shares ending at ₱7.00 from ₱7.34, trading 22,000 shares for ₱156,464.00. ABS-CBN Holdings Corporation - Philippine Deposit Receipts (ABSP) closed 4.52% lower at ₱1.90, down ₱0.09 from its ₱1.99 previous close, with 22,000 shares traded for ₱41,190.00, continuing to navigate its business transformation.
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