Market Shifts: Manila Bulletin, First Gen Lead Advances While Asiabest Group, Emperador Tumble
Posted on 10/6/26
Activity across local equities saw notable movements today, with several companies experiencing significant rallies and others facing sharp declines. Publishing firm MB and energy giant FGEN led the charge among top performers, while leisure and gaming operator ABG, alongside spirits maker EMI, saw considerable drops.
Topping the list of gainers was Manila Bulletin Publishing Corporation (MB), surging by 18.37% or +₱0.027 to close at ₱0.174. This significant move came on a volume of 30,000 shares, valuing ₱5,220.00. While the volume was modest, the percentage gain highlights strong, albeit focused, buying interest. Following closely was Prime Media Holdings, Inc. (PRIM), which appreciated by 13.83%, adding +₱0.13 to its price, ending the day at ₱1.07. A total of 45,000 shares were traded, amounting to ₱48,320.00.
Swift Foods, Inc. Convertible Preferred (SFIP) also posted a healthy gain of 7.14%, with its price rising by +₱0.07 to ₱1.05. Its trading activity involved 3,000 shares, generating a total value of ₱3,150.00. Lepanto Consolidated Mining Company 'B' (LCB) saw its shares climb by 6.82%, up by +₱0.015 to ₱0.235, with 180,000 shares changing hands for a total value of ₱42,460.00. The mining sector often experiences volatility tied to commodity price fluctuations.
First Gen Corporation (FGEN), a major player in the energy sector, also performed strongly, registering a 6.55% increase. Its share price rose by +₱1.20 to ₱19.52. This was a significant move in terms of value, with 1,681,700 shares traded, accumulating a substantial total value of ₱31,951,300.00, potentially reflecting positive sentiment towards the energy outlook or recent company developments. Harbor Star Shipping Services, Inc. (TUGS) sailed higher by 6.43%, closing at ₱1.49 after adding +₱0.09. Its robust volume of 2,151,000 shares contributed to a total value of ₱3,117,940.00.
Other notable gainers included United Paragon Mining Corporation (UPM), up 6.17% to ₱0.0086; Supercity Realty Development Corporation (SRDC), gaining 5.68% to ₱42.80; GMA Network, Inc. (GMA7), which saw a 5.63% rise to ₱3.38 amid sustained interest in media companies; and Forum Pacific, Inc. (FPI), closing 5.17% higher at ₱0.305.
On the losing side, Asiabest Group International Inc. (ABG) suffered the steepest decline, dropping by 12.90% or -₱4.00, to end the session at ₱27.00. This significant downturn for the leisure and gaming firm was accompanied by a considerable trading volume of 600,300 shares, with a total value of ₱18,280,800.00, possibly reflecting broader concerns in the hospitality or gaming sectors. Primex Corporation (PRMX) also experienced a sharp fall, losing 12.38% of its value, down by -₱0.13 to ₱0.92, although on a minimal volume of 1,000 shares.
Cirtek Holdings Philippines Corporation Preferred B-2 Subseries D Shares (TCB2D) tumbled by 10.71%, shedding -₱0.75 to settle at ₱6.25, with 9,000 shares traded for ₱56,193.00. Relatedly, the common shares of Cirtek Holdings Philippines Corporation (TECH) also saw a notable decline of 8.72%, closing at ₱1.36 after a -₱0.13 drop. This was a high-volume decline for the technology firm, with 7,332,000 shares traded for a total value of ₱10,221,300.00, indicating investor caution in the tech manufacturing space. DFNN, Inc. (DFNN), another technology solutions provider, decreased by 10.45%, down -₱0.07 to ₱0.60 on 224,000 shares.
Metro Alliance Holdings & Equities Corp (MAH) fell by 10.34%, with its share price declining by -₱0.06 to ₱0.52. House of Investments, Inc. (HI) shares slid by 8.49%, closing at ₱4.85 after a -₱0.45 decrease. Emperador Inc. (EMI), a global spirits company, recorded a significant drop of 7.59%, or -₱1.24, to finish at ₱15.10. Its substantial trading volume of 2,021,000 shares, amounting to ₱30,563,300.00, suggests a broad reassessment by investors, perhaps in response to consumer spending trends or market sentiment. Completing the top ten losers were Seafront Resources Corporation (SPM), down 7.56% to ₱2.20, and Jackstones, Inc. (JAS), which closed 6.59% lower at ₱1.70.
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