Diverse Movements Mark Trading Day: Berjaya, Medilines Surge, While Prime Media, China Bank Retreat
Posted on 4/29/26
Trading on the local bourse saw a day of pronounced movements, with select smaller-cap issues driving significant gains while some established players faced headwinds. Investors navigated a mix of company-specific developments and broader market sentiment, leading to notable shifts across various sectors as the market closed on April 29, 2026.
Leading the advancers was Berjaya Philippines, Inc. (BCOR), which saw its shares surge by an impressive 23.13%. The stock closed at ₱8.25, reflecting a ₱1.55 increase from its previous close. Trading volume for BCOR was relatively modest at 1,200 shares, generating a total value of ₱9,649.00.
Medilines Distributors Incorporated (MEDIC) also posted significant gains, rising 21.29% to close at ₱0.245. This translated to a ₱0.043 price change, with 610,000 shares traded for a total value of ₱141,390.00. The medical equipment distributor's performance could indicate renewed interest in healthcare-related stocks.
Dominion Holdings, Inc. (DHI) also climbed, adding 12.25% or ₱0.85 to settle at ₱7.79. It was a more actively traded gainer, with 4.21 million shares changing hands, amounting to a substantial ₱31.25 million in total value. Philippine Racing Club, Inc. (PRC) followed with a 9.58% increase, closing at ₱5.49 on a modest volume of 1,600 shares valued at ₱8,765.00.
Other notable gainers included Wellex Industries, Inc. (WIN), up 8.47% to ₱0.32; Manila Bulletin Publishing Corporation (MB), gaining 6.95% to ₱0.20; First Abacus Financial Holdings Corp. (FAF), which rose 6.67% to ₱0.64; Roxas and Company, Inc. (RCI), up 6.16% to ₱2.24; and Bank of Commerce (BNCOM), which advanced 6.00% to ₱11.66 on a total value of ₱3.54 million. Raslag Corp. (ASLAG) rounded out the top gainers, adding 5.88% to close at ₱1.08.
On the flip side, Prime Media Holdings, Inc. (PRIM) led the decliners, shedding 14.29% of its value. The stock closed at ₱0.72, down by ₱0.12, with 9,000 shares traded for a value of ₱7,320.00. This significant drop could be attributable to profit-taking or specific company-related news that emerged during the trading day.
Cirtek Holdings Philippines Corporation Preferred B-2 Subseries C Shares (TCB2C) also saw a substantial decline, falling 8.93% or ₱0.82 to ₱8.36. China Banking Corporation (CBC), a major banking player, experienced a notable dip of 5.95%, closing at ₱60.10. This ₱3.80 decrease came on a robust trading volume of 706,140 shares, totaling ₱42.81 million in value, suggesting broader market concerns or a reaction to recent sector news.
Italpinas Development Corporation (IDC) saw its shares decline by 5.06% to ₱0.75, while Millennium Global Holdings, Inc. (MG) dropped 4.62% to ₱0.062. Vantage Equities, Inc. (V) also retreated by 4.21% to ₱0.91.
Other significant losers included Seafront Resources Corporation (SPM), down 4.04% to ₱2.61; Atlas Consolidated Mining and Development Corporation (AT), which lost 4.00% to ₱7.91 on a high volume of 2.83 million shares valued at ₱22.66 million; Nihao Mineral Resources International, Inc. (NI), also down 4.00% to ₱0.48; and conglomerate JG Summit Holdings, Inc. (JGS), which ended the day 3.76% lower at ₱26.90, with 957,200 shares traded for ₱26.02 million.
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