Market Snapshot: Cement, Telecom Stocks Lead Gains, Media Companies See Steep Declines
Posted on 7/7/26
Trading on the local bourse saw varied performances today, with significant movements across several sectors. Cement and telecommunications firms celebrated notable upticks, while media companies faced substantial losses, reflecting a dynamic and at times volatile session for investors.
Top Gainers Shine
Leading the day's advancers was CONCREAT HOLDINGS PHILIPPINES, INC. (CHP), which saw a remarkable surge of 28.17%. The stock closed at 0.91, gaining 0.20 from its previous close of 0.71. Trading volume was robust at 6,465,000 shares, amounting to a total value of 5,657,650.00 pesos.
DITO CME HOLDINGS CORP. (DITO) also posted strong gains, climbing by 9.46%. The telecommunications player closed at 0.81, up by 0.07. Its substantial volume of 58,719,000 shares generated a total value of 46,411,400.00 pesos, indicating sustained investor interest potentially buoyed by its ongoing network expansion efforts and subscriber growth.
The food and beverage sector saw FIGARO CULINARY GROUP, INC. (FCG) rise by 9.43%, closing at 0.58 with a price change of 0.05. The company traded 4,789,000 shares, valued at 2,814,930.00 pesos.
Other significant gainers included PHILIPPINE ESTATES CORPORATION (PHES), up 8.05% to 0.47, with 240,000 shares worth 101,150.00 pesos, and ALSONS CONSOLIDATED RESOURCES, INC. (ACR), which increased by 7.94% to 0.68, trading 1,375,000 shares for 883,020.00 pesos.
ANGLO PHILIPPINE HOLDINGS CORPORATION (DFNN) advanced by 6.67% to 0.80. ATLAS CONSOLIDATED MINING AND DEVELOPMENT CORPORATION (FDC) also moved up by 6.28% to 4.57, while PHINMA CORPORATION (PHN) rounded out the top gainers with a 6.10% increase to 16.00.
Noteworthy Losers
On the other side of the spectrum, media stocks took a beating. MANILA BROADCASTING COMPANY (MBC) experienced the steepest decline, falling by 14.84%. The stock closed at 5.05, down 0.88. Volume was minimal at 200 shares, valued at 1,098.00 pesos.
ABS-CBN CORPORATION (ABS) and its Philippine Deposit Receipts, ABS-CBN HOLDINGS CORPORATION - PHILIPPINE DEPOSIT RECEIPTS (ABSP), both saw significant drops. ABS-CBN Corporation declined by 14.50% to close at 3.42, shedding 0.58. Trading was heavy for ABS, with 3,957,000 shares changing hands for a total value of 14,830,400.00 pesos. ABS-CBN Holdings Corporation - Philippine Deposit Receipts (ABSP) followed suit, dropping 12.68% to 3.10, losing 0.45, with 355,000 shares traded for 1,151,580.00 pesos. These declines reflect the ongoing challenges faced by the media conglomerate in a competitive and evolving landscape, potentially compounded by specific company-related news or broader sector sentiment.
PACIFICA HOLDINGS, INC. (PA) also fell, down 5.13% to 0.74. ATOK-BIG WEDGE CO., INC. (AB) decreased by 4.60% to 1.66. TOP FRONTIER INVESTMENT HOLDINGS, INC. (TFHI) shed 4.38% to 53.55.
ACEN CORPORATION (ACEN), a prominent player in the energy sector, registered a 4.36% dip, closing at 3.07, down 0.14. A substantial 29,165,000 shares were traded, totaling 90,364,496.00 pesos, suggesting active investor re-evaluation despite its strong renewable energy pipeline. GT CAPITAL HOLDINGS, INC. (GTCAP), a diversified conglomerate, experienced a 3.86% decline, closing at 478.80, losing 19.20. EEI CORPORATION (EEI) saw a 3.55% fall to 1.90. Rounding out the top losers was NICKEL ASIA CORPORATION (NIKL), which dropped 3.47% to 3.62, with a volume of 2,948,000 shares worth 10,768,700.00 pesos, possibly influenced by fluctuations in global commodity prices.
Related:
