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Diverse Market Currents: ABS-CBN, Globe Surge While Real Estate Stocks Retreat

Posted on 6/29/26

Stock market activity on June 29, 2026, showcased a fascinating divergence across sectors, with media and telecommunications giants posting significant advances while parts of the real estate and mining industries experienced notable pullbacks. Investors closely watched the performance of key players amidst a day of varied trading.

Leading the charge among the day's top performers was ABS-CBN Holdings Corporation - Philippine Deposit Receipts (ABSP), which surged by 35.15%, adding 0.58 to close at 2.23. The PDRs saw 316,000 shares traded, valued at 662,080.00. Its parent company, ABS-CBN Corporation (ABS), also climbed impressively by 21.65%, gaining 0.42 to reach a last done price of 2.36. Trading volumes for ABS were substantial at 2,127,000 shares, generating a total value of 4,998,310.00. This strong performance for both ABS-CBN entities comes amid renewed investor confidence, possibly stemming from successful shifts in its digital content strategy and burgeoning partnerships that are expanding its audience reach beyond traditional broadcast.

Telecommunications giant Globe Telecom, Inc. (GLO) also made a substantial leap, gaining 125.00 points, or 6.94%, to close at 1925.00. With an enormous total value of 542,585,020.00 from 284,215 shares traded, Globe's robust showing underscores continued optimism in the sector, driven by ongoing 5G network expansion and growing digital service adoption across the archipelago.

In the banking sector, Asia United Bank Corporation (AUB) stood out with a 10.99% increase, adding 4.90 to its price for a last done of 49.50. Its 210,800 shares traded amounted to a considerable 10,310,900.00 in value, suggesting strong buying interest possibly linked to favorable economic indicators or positive institutional outlook on its loan portfolio.

Other significant gainers included Philcomsat Holdings Corporation (PHC), up 17.18% to 1.91 (price change: 0.28, volume: 33,000, value: 55,080.00), and Makati Finance Corporation (MFIN), rising 13.24% to 2.48 (price change: 0.29, volume: 7,000, value: 15,910.00). Vivant Corporation (VVT) also gained 11.68% to 20.75, with a price change of 2.17 from 200 shares valued at 3,935.00. Forum Pacific, Inc. (FPI) appreciated by 10.17% to 0.325, with a price change of 0.03, volume of 230,000, and total value of 75,600.00. Rounding out the top gainers were Balai Ni Fruitas Inc. (BALAI), up 6.45% to 0.33, and Boulevard Holdings, Inc. (BHI), which saw a 6.06% rise to 0.035 with a high volume of 29,600,000 shares, reflecting interest in its property and leisure assets.

On the losing end, Grand Plaza Hotel Corporation (GPH) registered the steepest decline, dropping 16.64%, or 1.00, to settle at 5.01. Its trading was minimal, with only 100 shares changing hands for a total value of 501.00.

Prime Media Holdings, Inc. (PRIM) saw its shares decrease by 8.75%, losing 0.07 to close at 0.73, with 9,000 shares traded for 7,100.00. NOW Corporation (NOW), a player in the evolving telecommunications and IT sector, also faced downward pressure, shedding 8.62%, or 0.05, to finish at 0.53. The company's decline came amidst a volume of 2,092,000 shares, totaling 1,135,800.00, potentially reflecting increased competition or investor reassessment of its expansion timelines.

Global Ferronickel Holdings, Inc. (FNI) declined by 7.37%, down 0.14 to 1.76. Trading 1,831,000 shares for a value of 3,280,200.00, its performance might be influenced by fluctuations in global commodity prices or specific operational updates within the mining industry.

Real estate developer DoubleDragon Corporation (DD) closed down 7.26%, or 0.92, at 11.76, with 576,800 shares traded for 6,890,750.00. This could indicate broader cautious sentiment towards the property market or profit-taking after recent movements.

PhilWeb Corporation (WEB), a prominent name in the gaming technology sector, saw its stock fall by 4.83%, dropping 0.70 to 13.80. A significant volume of 3,584,900 shares changed hands, totaling 50,183,500.00. Its dip might be attributed to regulatory concerns or heightened competitive landscape within the online gaming space.

Other notable losers included Pacifica Holdings, Inc. (PA), down 6.25% to 0.75 (price change: -0.05, volume: 2,000, value: 1,500.00); Del Monte Pacific Limited (DELM), declining 4.66% to 4.30 (price change: -0.21, volume: 6,000, value: 26,190.00); Rizal Commercial Banking Corporation (RCB), which fell 4.56% to 22.00 (price change: -1.05, volume: 12,000, value: 265,845.00); and Anglo Philippine Holdings Corporation (APO), down 4.12% to 0.93 (price change: -0.04, volume: 23,000, value: 20,760.00).

The day's trading reflects a dynamic market influenced by company-specific catalysts and broader sector trends, with investors carefully navigating opportunities and challenges across various industries.