☰

Market Action: MerryMart, San Miguel Shine; Geogrande, Cebu Air Stumble in Active Session

Posted on 3/6/26

Local equities witnessed a dynamic trading session today, March 6, 2026, with several companies experiencing notable shifts in their valuations. The market saw significant upward momentum for some names driven by sector-specific news and investor optimism, while others faced downturns amid profit-taking and industry challenges.

Today's Top Performers

Leading the rally was MerryMart Consumer Corp. (MM), which soared to PHP 0.46, marking an impressive +0.05 or +12.20%. This surge comes amidst continued positive sentiment surrounding its aggressive expansion plans and robust consumer spending trends, with a substantial 18,060,000 shares traded for a total value of PHP 8,259,800.0.

Following closely, Philcomsat Holdings Corporation (PHC) climbed to PHP 2.16, gaining +0.21 (+10.77%). The company recently hinted at a strategic partnership aimed at monetizing its extensive land assets, exciting investors. Its trading volume for the day reached 1,000 shares, valued at PHP 2,160.0.

Mabuhay Vinyl Corporation (MVC) also posted strong gains, rising to PHP 5.69 with a +0.40 increase, or +7.56%. Increased demand for its chemical products, particularly from the resurgent manufacturing sector, appears to be fueling its performance. Trading activity for the stock stood at 3,400 shares, amounting to PHP 19,395.0.

Other notable gainers included Oriental Peninsula Resources Group, Inc. (ORE), up +6.25% to PHP 0.51, with 90,000 shares valued at PHP 45,000.0. Agrinurture, Inc. (ANI) saw its shares improve by +5.77% to PHP 0.55 on a volume of 1,059,000 shares worth PHP 570,950.0. Alternergy Holdings Corporation (ALTER) also closed higher, advancing +5.33% to PHP 0.79 with a total value of PHP 663,670.0. San Miguel Corporation (SMC), a market heavyweight, also contributed to the upside, closing at PHP 71.95, up +3.35 (+4.88%) on robust investor interest valued at PHP 10,066,800.0.

Companies Facing Headwinds

On the flip side, Geogrande Resources Philippines, Inc. (GEO) led the decliners, plunging by -0.01 or -12.77% to close at PHP 0.08. Concerns over regulatory approvals for its mining projects and a general slowdown in the resource sector weighed heavily on its stock. A total of 540,000 shares were exchanged, amounting to PHP 46,950.0.

Roxas and Company, Inc. (RCI) also experienced a significant drop, falling to PHP 2.25, down -0.22 (-8.91%). Persistent challenges in the sugar industry and recent news of a delay in land-conversion projects have dampened investor confidence. The stock registered a volume of 21,000 shares, with a total value of PHP 48,550.0.

Apollo Global Capital, Inc. (APL) also saw a sharp decline, losing -0.00 or -7.69%, settling at PHP 0.01. High trading volume of 975,000,000 shares, valued at PHP 8,329,600.0, suggests active selling pressure, possibly fueled by recent reports of widening losses and concerns over its capital-raising efforts.

Other notable losers included Dominion Holdings, Inc. (DHI), which dipped -6.03% to PHP 4.05, trading 1,015,000 shares worth PHP 4,165,300.0. Vivant Corporation (VVT) closed -6.00% lower at PHP 19.74, recording 5,000 shares traded for PHP 98,700.0. Cebu Air, Inc. (CEB) also experienced a downward trend, dropping -5.60% to PHP 32.90, impacted by rising fuel costs and intensifying competition, with 265,400 shares changing hands for PHP 8,782,280.0. ABS-CBN Holdings Corporation - Philippine Deposit Receipts (ABSP) further declined by -5.41% to PHP 3.50, as the media landscape continues to pose challenges for traditional broadcasters. Its trade amounted to 84,000 shares worth PHP 294,000.0.

The day's trading highlights the mixed sentiment prevailing in the market, with sector-specific developments and company-specific news playing crucial roles in dictating individual stock performances.