Philippine Equities See Diverse Movement: SRDC Soars by 50%, ECP Plunges by 20%

The Philippine Stock Exchange witnessed a mixed day of trading, with some companies experiencing remarkable surges while others faced steep declines. Real estate developer SUPERCITY REALTY DEVELOPMENT CORPORATION led the charge among gainers, while EASYCALL COMMUNICATIONS PHILIPPINES, INC. took the brunt of the losses.

Top Gainers

Leading the day's advancements was SUPERCITY REALTY DEVELOPMENT CORPORATION (SRDC), which posted an extraordinary 50.00% increase. The stock closed at ₱1.80, up by ₱0.60 from its previous close. Despite the impressive percentage gain, trading was light with only 1,000 shares valued at ₱1,800.00.

Another significant gainer was EAST COAST VULCAN MINING CORPORATION (ECVC), surging by 11.54%. Its shares ended the day at ₱0.29, adding ₱0.03 to its price. A total of 210,000 shares were traded, generating a value of ₱59,900.00.

DIGIPLUS INTERACTIVE CORP. (PLUS) also made a strong showing, climbing by 7.89%. The company, a prominent player in the digital entertainment and gaming sector, closed at ₱16.40, a gain of ₱1.20. This upward momentum comes amidst continued investor interest in the online gaming industry. It was also one of the most actively traded stocks by value, with 11,548,100 shares worth a substantial ₱185,372,000.00 changing hands.

Media giant ABS-CBN CORPORATION (ABS) saw its shares rise by 5.03%, closing at ₱3.76, an increase of ₱0.18. The company has been actively pivoting towards digital content and forging strategic partnerships, which may be contributing to renewed investor confidence. Its shares traded with a volume of 848,000, valued at ₱3,150,040.00.

Rounding out the top percentage gainers was MANULIFE FINANCIAL CORPORATION (MFC), which saw a 5.85% rise, pushing its last done price to ₱1990.00, up by ₱110.00. Trading volume was minimal at 5 shares, with a total value of ₱9,950.00.

Other notable gainers included STENIEL MANUFACTURING CORPORATION (STN) which added 4.43%, SAN MIGUEL CORPORATION SERIES '2' PREFERRED SHARES – SUBSERIES '2-U' (SMC2U) gaining 3.95%, and COAL ASIA HOLDINGS INCORPORATED (COAL) up by 3.85%.

Top Losers

On the flip side, EASYCALL COMMUNICATIONS PHILIPPINES, INC. (ECP) suffered the steepest decline, plummeting by 20.00%. The stock closed at ₱2.56, losing ₱0.64. Trading was sparse for ECP, with only 1,000 shares changing hands for a total value of ₱2,560.00, suggesting the sharp drop might be due to limited liquidity or specific company news.

Coming in as the next biggest percentage loser was VICTORIAS MILLING COMPANY, INC. (VMC), which fell by 10.45%. Its shares settled at ₱1.80, a decrease of ₱0.21. The sugar producer traded 17,000 shares with a total value of ₱29,580.00. The broader sentiment around agricultural commodities or sugar prices may have influenced this decline.

SWIFT FOODS, INC. CONVERTIBLE PREFERRED (SFIP) also experienced a substantial drop of 10.40%. The preferred shares ended the day at ₱1.55, down by ₱0.18. A volume of 11,000 shares generated a value of ₱17,050.00.

PRIMEX CORPORATION (PRMX) recorded a 10.00% loss, with its shares trading at ₱1.17, a drop of ₱0.13. Trading volume for the real estate firm stood at 8,000 shares, for a total value of ₱10,140.00.

LORENZO SHIPPING CORPORATION (LSC) also declined significantly, shedding 9.38% to close at ₱0.58, down by ₱0.06. Its shares saw 4,000 units traded, totaling ₱2,320.00.

Other notable decliners included nickel miner GLOBAL FERRONICKEL HOLDINGS, INC. (FNI), which dipped by 7.96% to ₱1.04. The performance of FNI is often tied to global commodity prices for nickel. It traded a considerable 3,094,000 shares valued at ₱3,231,520.00. FIRST GEN CORPORATION (FGEN), a major power producer, also fell by 5.97% to ₱17.00, with 3,380,000 shares changing hands for a significant total value of ₱57,754,600.00. This could reflect concerns over energy costs or specific project developments.

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