Market Movers: ASIABEST Group Surges, Oriental Petroleum Dips Amidst Mixed Trading
Posted on 9/28/26
Trading on September 28, 2026, on the local exchange presented a divergent picture, with select companies achieving substantial gains while others faced considerable pullbacks. Investors closely monitored movements across various sectors, from holding firms and real estate to mining and logistics.
Top Gainers Shine Brightly
Leading the day's impressive uptrend was ASIABEST GROUP INTERNATIONAL INC. (ABG), which closed at ₱72.75, reflecting a significant advance of ₱9.80. This translated into a robust 15.57% gain for the company. Trading activity for ABG was notable, with a volume of 1,026,900 shares changing hands, totaling a substantial value of ₱74,147,696.00. The strong showing by the holding firm indicates heightened investor confidence, possibly stemming from positive corporate developments or an optimistic sector outlook.
KEPPEL PHILIPPINES PROPERTIES, INC. (KEP) also saw a commendable performance, with its share price increasing by ₱0.30 to settle at ₱2.75, representing a 12.24% surge. The property developer traded 25,000 shares, generating a total value of ₱63,930.00.
OMICO CORPORATION (OM) posted a strong gain as well, rising by ₱0.012 to reach ₱0.114, an 11.76% hike. Its shares were actively traded, with 4,010,000 units valued at ₱433,690.00.
LFM PROPERTIES CORPORATION (LPC) followed suit, gaining ₱0.003 to hit ₱0.030, an 11.11% jump. Its volume reached 3,000,000 shares, worth ₱85,500.00.
Logistics stalwart LBC EXPRESS HOLDINGS, INC. (LBC) also found itself among the top performers, adding ₱0.72 (rounded from 0.719999) to close at ₱8.94, an 8.76% gain. A total of 9,700 shares changed hands, amounting to ₱83,240.00. The consistent demand for logistics and remittance services likely played a role in its upward trajectory.
Other significant advancers included ALTUS PROPERTY VENTURES, INC. (APVI), which climbed ₱0.94 to ₱11.94, marking an 8.55% increase; GLOBAL-ESTATE RESORTS, INC. (GERI), up ₱0.04 to ₱0.63 for a 6.78% gain; and PAL HOLDINGS, INC. (PAL), which rose ₱0.20 to ₱3.20, posting a 6.67% increase, possibly buoyed by a recovering travel sector. PRIMEX CORPORATION (PRMX) gained ₱0.05 to ₱1.05, a 5.00% rise, while MARCVENTURES HOLDINGS, INC. (MARC) increased by ₱0.03 to ₱0.80, a 3.90% gain.
Stocks in Decline
Conversely, ORIENTAL PETROLEUM AND MINERALS CORPORATION "A" (OPM) led the list of decliners, shedding ₱0.002 to settle at ₱0.015, a considerable drop of 11.76%. OPM saw substantial trading volume at 33,000,000 shares, valued at ₱500,600.00, suggesting strong selling pressure. Small-cap mining and oil exploration companies often exhibit high volatility.
SUPERCITY REALTY DEVELOPMENT CORPORATION (SRDC) also experienced a sharp fall, down by ₱3.95 or 10.45% to close at ₱33.85, with 900 shares traded for ₱28,505.00.
CEBU AIR, INC. CONVERTIBLE PREFERRED SHARES (CEBCP) saw its value decrease by ₱2.50 to finish at ₱22.00, representing a 10.20% decline. A total of 44,000 shares were traded, amounting to ₱983,840.00, indicating investor caution despite the broader recovery in air travel.
ANGLO PHILIPPINE HOLDINGS CORPORATION (APO) declined by ₱0.11 or 7.80% to ₱1.30, with 2,285,000 shares exchanged for ₱3,009,770.00.
ALSONS CONSOLIDATED RESOURCES, INC. (ACR), a key player in the energy sector, saw its shares drop by ₱0.08, or 6.67%, to end at ₱1.12. The company traded 3,393,000 shares for a total value of ₱3,827,250.00.
Other notable decliners included ORIENTAL PENINSULA RESOURCES GROUP, INC. (ORE), down ₱0.04 to ₱0.56 for a 6.67% loss; DIGIPLUS INTERACTIVE CORP. (PLUS), which fell ₱0.55 to ₱7.95, a 6.47% decrease; LOPEZ HOLDINGS CORPORATION (LPZ), decreasing by ₱0.31 to ₱5.02, a 5.82% drop; PHILEX MINING CORPORATION (PX), down ₱0.70 to ₱11.46, representing a 5.76% loss; and SEMIRARA MINING AND POWER CORPORATION (SCC), which closed lower by ₱0.82 at ₱14.46, a 5.37% decline. The overall performance suggests a market influenced by individual corporate news and sector-specific challenges rather than a uniform market direction.
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