Market Movers: Logistics Leads Rally While Gaming, Media Shares Face Headwinds
Posted on 9/30/26
Trading activity on Wednesday, September 30, 2026, presented a mixed picture, with significant movements observed across various sectors. While some companies celebrated robust gains driven by renewed investor interest and sector-specific developments, others experienced notable declines amid broader market cautiousness or company-specific challenges.
Top Gainers Highlight Logistics and Property Sector Interest
Leading the day's advance was LBC EXPRESS HOLDINGS, INC. (LBC), which surged by an impressive 23.89%, or P2.26, to close at P11.72. The logistics and remittance services provider saw a substantial volume of 2,133,600 shares traded, accumulating a total value of P20.37 million. This significant jump could be attributed to ongoing optimism for the logistics sector, buoyed by sustained e-commerce growth and potentially positive operational outlooks.
F&J PRINCE HOLDINGS CORPORATION ``A`` (FJP) also posted strong gains, climbing by 11.54% (P0.30) to settle at P2.90. Despite a modest volume of 3,000 shares valued at P8,780.00, the upward movement indicates focused investor attention. Property developer GLOBAL-ESTATE RESORTS, INC. (
ALLIANCE SELECT FOODS INTERNATIONAL, INC. (FOOD) saw its shares rise by 9.20%, adding P0.04 to reach P0.475. A hefty 5,020,000 shares changed hands, totaling P2.40 million, suggesting a potential rebound in investor confidence for the food processing sector. ATOK-BIG WEDGE CO., INC. (AB), a mining exploration firm, increased by 8.72% (P0.17) to P2.12, with 21,000 shares traded for P42,060.00, possibly on speculative plays related to commodity prices. Other notable gainers included PHILIPPINE RACING CLUB, INC. (PRC), up 7.78% to P5.40; MILLENNIUM GLOBAL HOLDINGS, INC. (MG), rising 7.25% to P0.074; PRYCE CORPORATION (PPC), which improved by 5.77% to P16.50; WATERFRONT PHILIPPINES, INCORPORATED (WPI), up 4.88% to P0.43; and RASLAG CORP. (ASLAG), inching up by 3.85% to P1.08. Conversely, ASIABEST GROUP INTERNATIONAL INC. (ABG) experienced the sharpest fall, plummeting by 29.99% or P18.25 to settle at P42.60. The gaming and leisure operator recorded substantial trading volume of 545,270 shares, valued at P25.83 million, indicating strong selling pressure that could be linked to regulatory concerns or sector-specific slowdowns. MANILA BULLETIN PUBLISHING CORPORATION (MB) also faced a significant downturn, dropping 20.44% or P0.037 to P0.144. Its 130,000 shares traded totaled P19,050.00, reflecting challenges in the traditional media landscape. ROXAS AND COMPANY, INC. (RCI) likewise saw a considerable decrease of 18.50% (P0.59), closing at P2.60 on a volume of 520,000 shares worth P1.39 million. OMICO CORPORATION (OM) declined by 15.70%, shedding P0.019 to finish at P0.102, with 1,750,000 shares traded for P179,710.00. MANILA MINING CORPORATION ``B`` (MAB) also felt the pinch, down 10.75% or P0.001 to P0.0083, albeit with 1,000,000 shares amounting to only P8,300.00, typical of highly speculative penny stocks. Other significant losers included GLOBAL FERRONICKEL HOLDINGS, INC. (FNI), down 8.51% to P1.72, possibly impacted by global nickel price movements; ORIENTAL PETROLEUM AND MINERALS CORPORATION ``A`` (OPM), retreating 6.67% to P0.014; NATIONAL REINSURANCE CORPORATION OF THE PHILIPPINES (NRCP), falling 6.25% to P1.20; FAR EASTERN UNIVERSITY, INCORPORATED (FEU), declining 6.19% to P750.50; and ABS-CBN HOLDINGS CORPORATION - PHILIPPINE DEPOSIT RECEIPTS (ABSP), which saw a 5.28% dip to P2.33, continuing to face market challenges related to its media operations.Significant Declines for Gaming, Media, and Mining Stocks
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