Casino and Media Giants Lead Market Surges; Mining and Select Tech Issues Decline on Local Exchange
Posted on 7/13/26
Local equities witnessed a dynamic trading day, with notable movements across various sectors. Leading the charge among gainers were major players in the leisure and media industries, while certain mining and technology-related preferred shares experienced significant pullbacks.
Top Performers of the Day
Gaming and leisure giant Bloomberry Resorts Corporation (BLOOM) emerged as the day's biggest gainer, soaring by an impressive 22.11%. The stock closed at P2.32, up P0.42 from its previous close of P1.90. This significant jump was supported by a robust trading volume of 88,842,000 shares, valuing transactions at P195,283,008.00. Investors may be reacting positively to the continued recovery in tourism and hospitality sectors, alongside potential developments for its integrated resorts.
The ABS-CBN Group also saw a strong rebound, with both ABS-CBN Corporation (ABS) and ABS-CBN Holdings Corporation - Philippine Deposit Receipts (ABSP) making it to the top gainers list. ABS-CBN Corporation climbed 12.42%, closing at P3.53, a gain of P0.39, with 930,000 shares traded for a total value of P3,244,180.00. Its PDR counterpart, ABS-CBN Holdings Corporation - Philippine Deposit Receipts, rose 11.07% to P3.11, adding P0.31 on a volume of 59,000 shares worth P183,940.00. The media conglomerate has been actively pursuing new content partnerships and digital strategies, which seem to be gaining traction among investors.
Other notable gainers included Medco Holdings, Inc. (MED), which saw an 8.60% increase, closing at P0.101, up P0.008, with a volume of 40,000 shares and a total value of P3,870.00. Cirtek Holdings Philippines Corporation (TECH) advanced 6.80% to P1.10, adding P0.07, as 8,300,000 shares changed hands for P9,108,700.00, suggesting renewed interest in the semiconductor and technology sector.
Real estate developers also contributed to the upward momentum. Cityland Development Corporation (CDC) posted a 5.17% gain, settling at P0.61, up P0.03, with 239,000 shares traded for P139,070.00. Philippine Realty and Holdings Corporation (RLT) likewise rose 5.15% to P0.102, gaining P0.005, on a volume of 160,000 shares worth P16,410.00. Conglomerate Filinvest Development Corporation (FDC) also moved higher by 4.45%, closing at P4.46, up P0.19, with 9,000 shares valued at P40,140.00.
CTS Global Equity Group, Inc. (CTS) saw its shares appreciate by 4.11% to P0.38, up P0.015, trading 500,000 shares for P190,000.00. Rounding out the top gainers, Global Ferronickel Holdings, Inc. (FNI) gained 3.91% to P1.86, an increase of P0.07, with 466,000 shares changing hands for P860,080.00, potentially riding on positive sentiment for commodity prices.
Significant Declines Observed
On the flip side, several issues faced significant downward pressure. Cirtek Holdings Philippines Corporation Preferred B-2 Subseries 'B' Shares (TCB2B) led the losers, plummeting 18.18%. The preferred shares closed at P0.36, down P0.08, with 4,600 shares traded for P101,869.00. This decline contrasted sharply with its common shares, suggesting specific investor sentiment towards its preferred stock.
Philippine Estates Corporation (PHES) also experienced a substantial drop, falling 11.11% to P0.40, a decrease of P0.05. Its trading activity involved 70,000 shares with a total value of P28,000.00. LFM Properties Corporation (LPC) followed with an 8.00% dip, closing at P0.023, down P0.002, on a volume of 100,000 shares worth P2,300.00.
Phinma Corporation (PHN) saw its shares decline by 7.31%, ending at P14.70, down P1.16, with a small volume of 200 shares valued at P3,056.00. DFNN, Inc. (DFNN), an IT and gaming solutions provider, dropped 7.04% to P0.66, losing P0.05, as 1,505,000 shares were traded for P1,005,580.00.
Primex Corporation (PRMX) shares fell 6.78% to P1.10, down P0.08, with 1,000 shares worth P1,100.00. Suntrust Resort Holdings, Inc. (SUN) also retreated by 6.59%, closing at P0.425, down P0.03, with 50,000 shares exchanging hands for P21,250.00. Vantage Equities, Inc. (V) recorded a 6.02% decrease, settling at P0.78, down P0.05, on a volume of 392,000 shares valued at P306,370.00.
In the mining sector, Apex Mining Co., Inc. (APX) declined 5.38%, closing at P12.30, down P0.70. This was on a significant volume of 2,432,200 shares, totaling P30,231,500.00, indicating profit-taking or concerns over commodity price fluctuations. Lastly, Fruitas Holdings, Inc. (FRUIT), a food and beverage retail operator, saw its shares dip 4.48% to P0.64, down P0.03, with 384,000 shares traded for P250,580.00.
The day’s trading showcased a clear divergence, with strong rallies in key consumer-facing and media stocks, while some smaller cap issues and a specific preferred share in tech saw sharp corrections, highlighting selective investor confidence.
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