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Market Movers: Apollo Global Capital Leads Surge, Philex Mining Declines

Posted on 3/16/26

A day of notable volatility saw significant movements among individual stocks, with some companies experiencing sharp increases while others faced substantial declines across the local bourse. Investors closely watched shifts in holding firms, real estate, and mining sectors.

Top Gainers of the Day

Leading the advancers was APL (Apollo Global Capital, Inc.), which surged by ₱0.0006, closing at ₱0.0083. This represented a substantial 7.79% gain, driven by an exceptionally high volume of 1,023,000,000 shares traded, amounting to a total value of ₱8,106,700.0. The significant trading volume suggests strong speculative interest in the holding firm, often linked to potential ventures in mining or other strategic investments.

Real estate developer PRMX (Primex Corporation) also performed strongly, adding ₱0.07 to its price to close at ₱1.15. The 6.48% increase came with 2,076,000 shares changing hands, valuing the transactions at ₱2,385,780.0. Positive sentiment in the property sector may be contributing to Primex's rise, potentially fueled by recent project announcements or improving market conditions.

MEDCO Holdings, Inc. (MED) saw its shares climb by ₱0.005, ending the session at ₱0.100, a 5.26% gain. Despite the percentage increase, the trading volume was modest at 90,000 shares, totaling ₱8,940.0.

Preferred shares of Vista Land & Lifescapes, Inc. Series 2A (VLL2A) posted a 4.83% increase, rising by ₱3.75 to reach a last done price of ₱81.40. A total of 170 shares were traded, valued at ₱13,846.0.

Bank of Commerce (BNCOM) also made it to the top gainers, with its stock appreciating by ₱0.34 to settle at ₱9.10, marking a 3.88% rise. Trading activity for the bank involved 5,000 shares, generating a total value of ₱44,134.0, possibly benefiting from positive trends within the broader banking sector.

Other notable gainers included Italpinas Development Corporation (IDC) which closed at ₱0.84, up ₱0.03 or 3.70% on 16,000 shares worth ₱13,130.0. Philippine Realty and Holdings Corporation (RLT) saw a 3.00% gain, adding ₱0.003 to reach ₱0.103, with 70,000 shares valued at ₱6,980.0. Cebu Landmasters, Inc. Series A-2 Preferred Shares (CLIA2) rose by ₱30.0 (2.88%) to ₱1070.0, with 2,615 shares worth ₱2,636,480.0. CTS Global Equity Group, Inc. (CTS) increased by ₱0.01 (2.60%) to ₱0.395, trading 70,000 shares for ₱27,550.0. Lastly, MRC Allied, Inc. (MRC) gained ₱0.02 (2.33%), closing at ₱0.88, with significant volume of 44,159,000 shares and total value of ₱38,143,200.0, suggesting continued investor interest in its real estate and renewable energy developments.

Top Losers of the Day

On the losing end, Pacifica Holdings, Inc. (PA) led the downturn, plummeting by ₱0.17 to close at ₱0.76, a substantial 18.28% drop. The decline, observed on a relatively low volume of 2,000 shares worth ₱1,460.0, indicates strong selling pressure even with limited trading activity for the holding firm.

Republic Glass Holdings Corporation (REG) followed with a 13.33% decrease, shedding ₱0.40 to finish at ₱2.60. Only 1,000 shares were traded, totaling ₱2,600.0.

TKC Metals Corporation (T) also faced a steep fall, dropping ₱0.045, or 13.04%, to a last done price of ₱0.300. The metal company saw 20,000 shares traded for a total value of ₱6,000.0, possibly impacted by fluctuating global commodity prices.

In the mining sector, Nihao Mineral Resources International, Inc. (NI) declined by ₱0.04 (8.89%), closing at ₱0.41, with 160,000 shares worth ₱65,600.0. Harbor Star Shipping Services, Inc. (TUGS) also experienced a significant dip, losing ₱0.04 or 7.84% to end at ₱0.47, trading 582,000 shares valued at ₱270,490.0, potentially reacting to shifts in shipping demand or fuel costs.

Top Line Business Development Corp. (TOP) retreated by ₱0.13, a 7.83% fall, to settle at ₱1.53. The stock recorded a volume of 4,029,000 shares, with a total value of ₱6,363,520.0.

Conglomerate A. Soriano Corporation (ANS) saw its shares decrease by ₱1.24 (7.81%), closing at ₱14.64, on a volume of 6,200 shares worth ₱88,240.0.

Philex Mining Corporation (PX), one of the country's largest mining firms, was also among the day's significant decliners. Its stock fell by ₱0.78, or 7.25%, closing at ₱9.98. This substantial decline occurred on high trading volume of 16,659,100 shares, with a total value of ₱167,015,008.0. The pullback could be influenced by broader market sentiment towards mining, or specific operational news like developments concerning its Silangan project, although no immediate negative news was apparent for the day. Manila Mining Corporation "B" (MAB) also saw a 7.41% drop, down ₱0.0006 to ₱0.0075, trading 4,000,000 shares worth ₱29,800.0. Lastly, Everwoods Green Resources and Holdings, Inc. (EGRN) concluded the day lower by ₱0.003 (7.14%) at ₱0.039, with 2,100,000 shares traded for ₱80,900.0.