Philippine Equities See Mixed Fortunes: SRDC Soars 50%, ABS-CBN Bounces Back, While Abacore and Apollo Global Face Steep Declines

The Philippine Stock Exchange witnessed a day of contrasting performances, with a number of less-followed stocks experiencing significant swings. Leading the charge among the gainers was Supercity Realty Development Corporation, while Abacore Capital Holdings, Inc. and Apollo Global Capital, Inc. led the decliners with notable losses.

Top Gainers: Retail Favorites and Sector Plays Show Strength

Topping the list of gainers was Supercity Realty Development Corporation (SRDC), which surged an impressive 50.00%. The stock closed at ₱2.70, gaining ₱0.90 from its previous close. Despite the substantial percentage jump, trading was relatively thin with a volume of 25,000 shares and a total value of ₱67,500.00, suggesting that even small buying interest can significantly impact thinly traded issues.

Following closely, Zeus Holdings, Inc. (ZHI) saw its shares climb by 20.63%, closing at ₱0.076. The company added ₱0.013 to its last done price, on a volume of 2,360,000 shares valued at ₱165,310.00.

Media giant ABS-CBN Corporation (ABS) also posted a strong recovery, rising by 13.83% to close at ₱4.28. The stock saw a gain of ₱0.52 per share, with 1,026,000 shares changing hands for a total value of ₱4,051,980.00. Investors might be reacting to continued positive sentiment around its content deals and digital transformation strategies, following its pivot from free-to-air broadcasting after its franchise renewal bid failed.

Dominion Holdings, Inc. (DHI) also experienced a robust day, increasing by 11.45% to reach ₱1.46. The company added ₱0.15 to its share price on a volume of 2,278,000 shares, totaling ₱3,314,440.00 in value.

Rounding out the significant gainers were Alliance Global Group, Inc. Warrants (AGIW), up 10.00% to ₱1.10 (gain of ₱0.10, Volume: 15,747,000, Value: ₱16,955,200.00), and SPC Power Corporation (SPC), which gained 7.68% to settle at ₱11.50 (gain of ₱0.82, Volume: 1,334,100, Value: ₱14,718,200.00). The energy sector often sees interest due to evolving power demands and infrastructure projects.

Top Losers: Holding Firms and Mining Stocks Under Pressure

On the flip side, Abacore Capital Holdings, Inc. (ABA) led the decliners, dropping 11.69% to close at ₱0.34. The stock shed ₱0.045, with a substantial volume of 57,550,000 shares traded, amounting to a total value of ₱20,545,200.00. Such movements in holding companies can be influenced by broader market sentiment or specific developments within their diverse investment portfolios.

Highly speculative mining play Apollo Global Capital, Inc. (APL) experienced a steep decline of 9.09%, closing at ₱0.005. The stock lost ₱0.0005 per share on an exceptionally high volume of 777,000,000 shares, with a total value of ₱4,085,600.00. Low-priced mining stocks are known for their volatility and can swing significantly even with minor price changes, often driven by speculative trading.

Oriental Petroleum and Minerals Corporation "B" (OPMB), another resource-related stock, also fell, losing 8.33% to end the day at ₱0.011. It dropped ₱0.001 per share on a volume of 200,000, valued at ₱2,200.00.

Nihao Mineral Resources International, Inc. (NI), another player in the minerals sector, declined by 7.89%, settling at ₱0.35. The stock lost ₱0.03, with 20,000 shares traded for a value of ₱7,000.00.

Other notable losers included APC Group, Inc. (APC), down 6.36% to ₱0.103 (loss of ₱0.007, Volume: 920,000, Value: ₱99,060.00), and Greenergy Holdings Incorporated (GREEN), which saw a 4.74% dip to ₱0.181 (loss of ₱0.009, Volume: 2,960,000, Value: ₱540,450.00).

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