Market Buzz: Mining, Telecoms Lead Gains; Utilities and Holdings Face Sharp Declines

Posted on 6/22/26

Trading on the local bourse saw a day of notable volatility, with a diverse set of companies experiencing significant movements. Resource-related firms and a telecommunications giant led the charge among top gainers, while a prominent utilities holding company and various other firms faced considerable losses, reflecting mixed investor sentiment across different sectors.

Top Gainers on the Philippine Stock Exchange

Leading the advancers was United Paragon Mining Corporation (UPM), which saw its shares surge by an impressive 15.00% to close at 0.0069 pesos, adding 0.0009 pesos to its previous close. This movement was driven by a substantial volume of 33,000,000 shares, totaling a value of 221,200.00 pesos, suggesting renewed speculative interest in the mining sector.

Ferronoux Holdings, Inc. (FERRO) also performed strongly, climbing 9.13% or 0.21 pesos to settle at 2.51 pesos per share, with 7,000 shares traded for a total value of 18,020.00 pesos.

Manila Bulletin Publishing Corporation (MB) saw an 8.90% increase, gaining 0.017 pesos to finish at 0.208 pesos. A total of 10,000 shares were exchanged, amounting to 2,080.00 pesos.

Pacifica Holdings, Inc. (PA) recorded an 8.11% gain, with its price rising by 0.06 pesos to 0.80 pesos. Trading volume reached 6,000 shares, valued at 4,870.00 pesos.

Educational holding firm iPeople, Inc. (IPO) posted a respectable 6.76% advance, adding 0.46 pesos to reach 7.26 pesos per share. The stock saw 43,300 shares traded, accumulating a total value of 309,539.00 pesos.

Oriental Peninsula Resources Group, Inc. (ORE) continued the positive trend for resource firms, increasing by 5.81% or 0.025 pesos to close at 0.455 pesos, with 30,000 shares valued at 13,550.00 pesos.

Telecommunications giant PLDT Inc. (TEL) made a significant move among the blue chips, gaining 4.46% or 49.00 pesos to close at 1,148.00 pesos. This substantial rally, perhaps fueled by optimism over its robust fiber expansion plans and consistent subscriber growth, involved 111,085 shares changing hands, equating to a hefty 125,254,000.00 pesos in total value.

Rounding out the top gainers were CTS Global Equity Group, Inc. (CTS), up 4.29% to 0.365 pesos; DFNN, Inc. (DFNN), rising 4.11% to 0.76 pesos; and Megawide Construction Corporation Non-Voting Perpetual Series 6B Preferred Shares (MWP6B), which advanced 3.90% to 106.50 pesos.

Significant Declines Among Top Losers

On the flip side, Metro Alliance Holdings & Equities Corp. 'B' shares (MAHB) suffered the steepest decline, plummeting 29.75% or 0.36 pesos to end the day at 0.85 pesos. The company's 'A' shares (MAH) also dropped significantly by 8.64% to 0.37 pesos, suggesting company-specific concerns or a broad re-evaluation of its market position, with trading volumes of 93,000 and 10,000 shares, respectively.

Mining company Atok-Big Wedge Co., Inc. (AB) also faced headwinds, shedding 12.56% or 0.25 pesos to close at 1.74 pesos, with 64,000 shares traded for 114,420.00 pesos.

Synergy Grid & Development Phils., Inc. (SGP) was a major loser, declining 10.77% or 3.50 pesos to 29.00 pesos. This substantial drop, coupled with a massive trading value of 544,019,010.00 pesos from 19,044,700 shares, indicates significant profit-taking or a shift in investor confidence concerning this major utilities holding company.

Suntrust Resort Holdings, Inc. (SUN) experienced a 10.53% fall, losing 0.05 pesos to settle at 0.425 pesos. 10,000 shares of the gaming and tourism related firm were traded for 4,250.00 pesos.

Cityland Development Corporation (CDC) shares decreased by 8.33%, down 0.05 pesos to 0.55 pesos, with a volume of 100,000 shares amounting to 55,480.00 pesos.

Oriental Petroleum and Minerals Corporation 'A' shares (OPM) dropped 7.14%, or 0.001 pesos, to 0.013 pesos, on a volume of 2,700,000 shares.

Prime Media Holdings, Inc. (PRIM) saw its shares decline by 6.67% to 0.70 pesos, while Millennium Global Holdings, Inc. (MG) fell 6.06% to 0.062 pesos. Harbor Star Shipping Services, Inc. (TUGS) completed the list of top losers, closing down 5.88% at 0.80 pesos.

The day’s trading underscored a selective market, where strong sector-specific catalysts or speculative plays drove gains, while other stocks faced significant re-pricing, likely due to profit-taking or shifts in company-specific sentiment.