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Philippine Equities: Renewable Energy Firms Light Up Trading, Mining Stocks Retreat

Posted on 3/23/26

Trading on the Philippine Stock Exchange today revealed a discernible split in performance, with renewable energy companies demonstrating robust gains while several mining and holding firms experienced significant pullbacks. The day's activity highlighted sector-specific investor interest amidst broader market movements, indicating cautious yet targeted trading strategies among participants.

Top Performers of the Day

Leading the advancers was FORUM PACIFIC, INC. (FPI), which surged by 18.52%, adding 0.05 PHP to its previous close of 0.27 PHP, bringing its last done price to 0.32 PHP. The company saw 760,000 shares change hands, totaling 240,550.0 PHP in value. Following closely was DIZON COPPER-SILVER MINES, INC. (DIZ), climbing 9.76% with a 0.40 PHP increase to a last done price of 4.50 PHP, on a volume of 4,000 shares worth 17,550.0 PHP. The strong showing by these firms suggests renewed speculative interest or positive developments within the mining and investment sectors, though specific catalysts for these low-volume surges were not immediately apparent.

WELLEX INDUSTRIES, INC. (WIN) also registered a notable gain, up 8.33% or 0.025 PHP, to settle at a last done price of 0.325 PHP. Volume for WELLEX INDUSTRIES reached 140,000 shares, valuing 45,000.0 PHP. PETRON CORPORATION PERPETUAL PREFERRED SHARES SERIES ``3`` -SUBSERIES ``3B`` (PRF3B) saw a substantial 7.25% jump, increasing by 70.00 PHP to a last done price of 1035.00 PHP, albeit on a thin volume of just 10 shares worth 10,350.0 PHP, often reflecting specific institutional trades or yield-seeking behavior. CITYSTATE SAVINGS BANK, INC. (CSB) also posted a 7.25% gain, rising 1.08 PHP to 15.98 PHP with 300 shares traded for 4,794.0 PHP.

The renewable energy sector continued to draw investor attention. MEDILINES DISTRIBUTORS INCORPORATED (MEDIC) advanced by 6.97% to a last done price of 0.215 PHP, up 0.014 PHP, with 30,000 shares valued at 6,170.0 PHP. ABS-CBN HOLDINGS CORPORATION - PHILIPPINE DEPOSIT RECEIPTS (ABSP) saw its PDRs appreciate by 5.43%, adding 0.19 PHP to reach 3.69 PHP, as 2,000 units worth 7,190.0 PHP were traded. This positive movement for ABS-CBN's PDRs comes amid ongoing efforts by the media giant to strengthen its digital platforms and strategic partnerships, including content collaborations.

PETROENERGY RESOURCES CORPORATION (PERC) gained 5.04%, or 0.17 PHP, to close at 3.54 PHP, with 85,000 shares exchanging hands for 299,080.0 PHP. ALTERNERGY HOLDINGS CORPORATION (ALTER) and CITICORE RENEWABLE ENERGY CORPORATION (CREC), both prominent players in the renewable energy space, also delivered solid performances. Alternergy was up 4.23% (0.03 PHP) to a last done price of 0.74 PHP, on a significant volume of 707,000 shares valued at 502,720.0 PHP. Citicore, meanwhile, rose 4.02% (0.17 PHP) to a last done price of 4.40 PHP, with a robust 585,000 shares traded, amounting to a total value of 2,479,020.0 PHP. These gains underscore continued investor optimism in the country's renewable energy transition and the companies driving it, fueled by government support for sustainable power initiatives.

Stocks Under Pressure

On the flip side, UNIHOLDINGS INC. (UNH) registered the sharpest decline, plummeting 16.02%, or 20.50 PHP, to a last done price of 107.50 PHP. Only 20 shares were traded, valued at 2,148.0 PHP, indicating high volatility on minimal activity. PRIME MEDIA HOLDINGS, INC. (PRIM) also experienced a substantial drop, down 15.45% or 0.17 PHP, closing at 0.93 PHP, with 67,000 shares traded for 62,310.0 PHP.

Other notable decliners included ISLAND INFORMATION & TECHNOLOGY, INC. (IS), falling 11.93% (0.013 PHP) to a last done price of 0.096 PHP with 100,000 shares worth 9,600.0 PHP. The mining sector faced significant headwinds, with ANGLO PHILIPPINE HOLDINGS CORPORATION (APO) shedding 11.76% (0.10 PHP) to 0.75 PHP, on a volume of 1,267,000 shares valued at 997,810.0 PHP. TKC METALS CORPORATION (T) also fell by 11.76% (0.04 PHP) to a last done price of 0.30 PHP, with 10,000 shares traded for 3,000.0 PHP.

DOMINION HOLDINGS, INC. (DHI) saw its shares decrease by 11.25%, or 0.61 PHP, to 4.81 PHP. The decline involved a hefty volume of 8,759,100 shares, totaling 43,652,200.0 PHP in value. ATLAS CONSOLIDATED MINING AND DEVELOPMENT CORPORATION (AT), a major mining concern, also suffered an 11.25% dip, losing 0.81 PHP to settle at 6.39 PHP, with 3,557,000 shares valued at 23,205,900.0 PHP. Similarly, OCEANAGOLD (PHILIPPINES), INC. (OGP) shares declined by 11.23%, or 3.65 PHP, closing at 28.85 PHP, with a substantial 2,517,600 shares traded, amounting to 73,811,104.0 PHP in value. The broad losses across several mining firms could reflect a negative shift in global commodity price outlooks or specific operational concerns for individual companies.

INTEGRATED MICRO-ELECTRONICS, INC. (IMI), a player in the electronics manufacturing sector, also ended the day down 10.27%, or 0.30 PHP, reaching 2.62 PHP. The company traded 1,834,000 shares for a total value of 4,976,310.0 PHP, potentially influenced by global supply chain dynamics or semiconductor market sentiment. Lastly, LODESTAR INVESTMENT HOLDINGS CORPORATION (LODE) fell 10.23%, or 0.045 PHP, to 0.395 PHP, on a volume of 600,000 shares worth 235,950.0 PHP.

Today's trading session underscores the volatile nature of certain segments of the Philippine stock market, with investors actively re-evaluating positions based on sector trends and individual company prospects. The continued strength in renewable energy contrasts with the challenges faced by some traditional sectors like mining and manufacturing, reflecting a dynamic investment landscape.