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Market Shifts: PTFC, PH Resorts Lead Surge; Semirara Mining, Asiabest Group Retreat

Posted on 10/8/26

A dynamic trading day unfolded on the local bourse, with significant movements across various sectors as investors reacted to a mix of company-specific developments and broader market sentiment. While some companies saw substantial gains, others experienced notable declines, highlighting a selective yet active market environment.

Top Gainers

Leading the rally was TFC, PTFC Redevelopment Corporation, which soared by 23.8% to close at P61.90. The stock registered a price change of P11.90 on a volume of 260 shares, generating a total value of P16,092.00. This surge comes amid renewed investor interest in redevelopment and property-related ventures, possibly fueled by rumors of new strategic acquisitions or lucrative project pipeline updates.

CIRTEK HOLDINGS PHILIPPINES CORPORATION PREFERRED B-2 SUBSERIES D SHARES, trading as TCB2D, followed closely, climbing 19.33% with a P1.21 price change to finish at P7.47. A volume of 800 shares traded, amounting to P5,976.00 in total value. Preferred shares often react to changes in interest rate outlooks or improvements in the underlying company's financial health, suggesting a positive sentiment towards Cirtek Holdings' stability.

PH RESORTS GROUP HOLDINGS, INC. (PHR) posted an impressive 16.58% gain, adding P0.031 to its last done price of P0.218. The company saw a massive volume of 345,820,000 shares change hands, totaling P63,759,800.00. The sharp increase in PH Resorts Group could be linked to growing optimism in the tourism and gaming sectors, particularly with recent government pronouncements on boosting visitor arrivals and infrastructure development in key resort destinations.

Other significant advancers included FORUM PACIFIC, INC. (FPI), which jumped 15.38% (P0.04 change) to P0.30, trading 40,000 shares worth P12,000.00. PETROENERGY RESOURCES CORPORATION (PERC) also saw robust growth, increasing by 11.14% (P0.50 change) to P4.99, with 58,000 shares traded for a total value of P285,870.00, potentially riding on positive news from the energy sector.

METRO ALLIANCE HOLDINGS & EQUITIES CORP (MAH) rose 9.62% (P0.05 change) to P0.57, transacting 9,000 shares for P5,030.00. FERRONOUX HOLDINGS, INC. (FERRO) advanced 8.57% (P0.30 change) to P3.80 with 7,000 shares valued at P26,840.00. MANILA MINING CORPORATION “B” (MAB) gained 8.43% (P0.0007 change) reaching P0.0090 on a hefty volume of 50,000,000 shares worth P450,000.00. CEBU AIR, INC. CONVERTIBLE PREFERRED SHARES (CEBCP) saw an 8.40% increase (P2.10 change) to P27.10, with 115,000 shares exchanging hands for P3,070,030.00, reflecting optimism in the airline industry's recovery. Lastly, FAR EASTERN UNIVERSITY, INCORPORATED (FEU) was up 7.52% (P56.50 change) to P807.50, albeit on a small volume of 30 shares valued at P24,225.00.

Top Losers

On the losing end, ASIABEST GROUP INTERNATIONAL INC. (ABG) suffered the steepest decline, plunging 16.73% or P4.50 to close at P22.40. The stock traded 598,700 shares, generating a total value of P13,802,400.00. This downturn for the leisure and gaming holding company might be due to recent profit-taking or concerns over regulatory shifts affecting the gaming sector.

SEMIRARA MINING AND POWER CORPORATION (SCC) shed 13.39%, dropping P1.70 to P11.00. It recorded a substantial volume of 10,533,500 shares, with a total value of P118,837,000.00. The decline in Semirara Mining, a major player in coal mining and power generation, could be attributed to fluctuating global coal prices or concerns regarding environmental policies affecting fossil fuel-based power.

ALSONS CONSOLIDATED RESOURCES, INC. (ACR) fell 12.38%, losing P0.13 to settle at P0.92. A total of 6,388,000 shares were traded, amounting to P6,135,020.00. The energy and power company's decline may stem from increased competition in the Mindanao power market or delays in new project approvals.

ACESITE (PHILS.) HOTEL CORPORATION (ACE) decreased by 9.74%, down P0.15 to P1.39, with 3,000 shares traded for P4,170.00. IPM HOLDINGS, INC. (IPM) also dipped 9.73% (P0.18 change) to P1.67 on a volume of 4,000 shares worth P6,680.00. SHAKEY'S PIZZA ASIA VENTURES INC. (PIZZA) saw a 9.26% drop (P0.50 change) to P4.90, trading 128,200 shares for P622,636.00, possibly due to a cautious outlook on consumer spending or intensified competition in the quick-service restaurant segment.

Other decliners included HARBOR STAR SHIPPING SERVICES, INC. (TUGS), down 9.15% (P0.13 change) to P1.29, with 1,207,000 shares valued at P1,583,390.00. VIVANT CORPORATION (VVT) dropped 9.14% (P1.85 change) to P18.40 on a modest volume of 1,200 shares worth P22,080.00. LEPANTO CONSOLIDATED MINING COMPANY “B” (LCB) fell 8.94% (P0.021 change) to P0.214, with 2,570,000 shares trading for P550,880.00. Lastly, ORIENTAL PENINSULA RESOURCES GROUP, INC. (ORE) closed down 8.77% (P0.05 change) at P0.52, with 122,000 shares valued at P64,220.00.

The day’s trading showcased strong individual stock movements, driven by a mix of sector-specific tailwinds and headwinds, reflecting a market that remains sensitive to both macroeconomic trends and corporate-specific news.