Aviation and Digital Entertainment Drive Gains; Holdings Companies Face Headwinds
Posted on 10/2/26
Market action saw significant movements across various sectors today, with aviation and digital entertainment firms leading the charge among top gainers, while several holding and logistics companies experienced notable declines.
Top Gainers: Aviation and Digital Power Ahead
Cebu Air, Inc. and its convertible preferred shares were prominently featured among today's top performers. Cebu Air, Inc. Convertible Preferred Shares (CEBCP) posted the largest percentage gain, surging by 25.45% or ₱5.60 to close at ₱27.60. A substantial 73,700 shares exchanged hands, totaling ₱1,708,860.00 in value. Its parent company, Cebu Air, Inc. (CEB), also had a strong showing, climbing 6.76% or ₱1.24 to a last done price of ₱19.58, with a robust volume of 491,500 shares valued at ₱9,391,140.00. This rally for the airline sector comes amidst ongoing optimism for a rebound in travel and tourism, with analysts pointing to sustained domestic and international passenger volume growth and potentially stabilizing fuel costs.
IPM Holdings, Inc. (IPM) also saw considerable gains, advancing 13.14% or ₱0.23 to close at ₱1.98. The company recorded a volume of 10,000 shares, translating to a total value of ₱19,830.00.
In the digital sector, DFNN, Inc. (DFNN) marked a 9.84% increase, adding ₱0.06 to its price to reach ₱0.67. Trading volumes for DFNN stood at 9,000 shares, with a total value of ₱5,920.00. Meanwhile, DigiPlus Interactive Corp. (PLUS) jumped 5.96%, closing ₱0.45 higher at ₱8.00. The interactive entertainment provider saw a significant 3,628,900 shares traded, contributing to a total value of ₱29,058,500.00. These gains likely reflect the growing investor confidence in the digital gaming and technology sectors, driven by expanding online presence and engagement.
Real estate investment trust AREIT, Inc. (AREIT) posted a respectable 4.76% gain, adding ₱1.70 to settle at ₱37.40. With 1,506,800 shares traded, the total value reached a substantial ₱55,338,600.00, indicating continued interest in the resilient REIT market, possibly buoyed by new acquisitions or positive rental outlooks. Araneta Properties, Inc. (ARA) also saw a positive movement, up 5.66% to ₱0.28 on 30,000 shares worth ₱8,550.00.
Food and beverage giant Monde Nissin Corporation (MONDE) appreciated by 4.20%, or ₱0.25, to close at ₱6.20. The company traded 3,375,800 shares, generating a total value of ₱20,896,600.00, potentially buoyed by strong consumer spending reports and stable commodity prices for its key products.
Other notable gainers included Bright Kindle Resources & Investments Inc. (BKR), which rose 4.00% to ₱0.52 on 59,000 shares worth ₱30,660.00, and Upson International Corp. (UPSON), also up 4.00% to ₱0.78, with 39,000 shares valued at ₱30,320.00.
Top Losers: Holdings and Logistics Face Pressure
On the flip side, Pacifica Holdings, Inc. (PA) led the decliners, plunging 18.18% or ₱0.30 to end the day at ₱1.35. A total of 48,000 shares were traded, amounting to ₱75,160.00 in value, reflecting significant investor withdrawal or a lack of positive catalysts for the holding firm.
Asiabest Group International Inc. (ABG) also suffered a steep decline, dropping 15.45% or ₱5.10 to a last done price of ₱27.90. The company saw 351,700 shares change hands, valued at ₱10,645,000.00, possibly due to concerns over its gaming-related investments or general market sentiment towards its sector amidst regulatory uncertainties.
Logistics player LBC Express Holdings, Inc. (LBC) fell 9.09%, shedding ₱1.00 to close at ₱10.00. While its volume was relatively low at 3,100 shares, generating ₱32,098.00 in value, the substantial percentage drop highlights challenges in the competitive logistics industry, potentially related to rising operational costs or increased competition.
Mining counter Lepanto Consolidated Mining Company "B" (LCB) also dipped by 7.53%, or ₱0.018, settling at ₱0.221. Its 190,000 shares traded amounted to ₱41,990.00. Supercity Realty Development Corporation (SRDC) was down 7.25% to ₱30.70 with 500 shares traded for ₱15,290.00.
Other significant losers included Everwoods Green Resources and Holdings, Inc. (EGRN), down 7.14% to ₱0.026 on 6,400,000 shares worth ₱161,100.00, and Oriental Petroleum and Minerals Corporation "A" (OPM), which dropped 6.67% to ₱0.014 with 600,000 shares valued at ₱8,900.00.
Cirtek Holdings Philippines Corporation Preferred B-2 Subseries D Shares (TCB2D) saw a 6.29% decrease, closing at ₱7.00 on a small volume of 100 shares. Pryce Corporation (PPC) also registered a 5.72% decline, ending at ₱17.80 with 58,200 shares traded for ₱1,037,110.00, possibly impacted by commodity price fluctuations or specific business segment performance. Finally, ABS-CBN Holdings Corporation - Philippine Deposit Receipts (ABSP) fell 5.69% to ₱2.32, trading 4,000 shares for ₱9,280.00, as the media conglomerate continues to navigate evolving industry landscapes and market competition.
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