Local Equities See Dynamic Shifts: Berjaya Philippines, National Reinsurance Lead Gains, Ayala Land and SM Investments Experience Retreat
Posted on 5/29/26
Philippine shares witnessed a day of significant movements, with a mix of smaller cap companies soaring and market heavyweights experiencing declines. Investors navigated a landscape where specific company news and broader economic sentiments played key roles in shaping performance.
Top Advancers
Leading the charge among the gainers was Berjaya Philippines, Inc. (BCOR), which saw its shares jump by a remarkable 35.82%. The stock closed at 9.10, up 2.40 from its previous close of 6.70. Trading volume for BCOR reached 40,100 shares, translating to a total value of PHP 344,898.00. While no specific news was immediately evident, general optimism around its diversified holdings may have fueled investor interest.
Close behind was National Reinsurance Corporation of the Philippines (NRCP), which surged by 34.62%. Its last done price settled at 1.05, marking an increase of 0.27. A substantial 12,627,000 shares changed hands, with a total value of PHP 12,319,600.00, indicating strong buying activity possibly driven by a robust outlook for the reinsurance sector.
NEXGEN ENERGY CORP. (UPM) saw its shares appreciate by 17.65%, closing at 0.0080 after adding 0.0012. Despite its low price point, the stock registered significant volume at 383,000,000 shares, valued at PHP 3,234,100.00, potentially reflecting renewed interest in mining plays amidst fluctuating commodity prices.
Completing the top five gainers was EURO-MED LABORATORIES PHIL., INC. (EURO), which advanced by 16.67%. Its stock finished at 1.19, up 0.17, with 19,000 shares traded for a value of PHP 21,200.00, likely benefiting from sustained demand in the healthcare and pharmaceutical sector.
Other notable gainers included Asiabest Group International Inc. (ABG), up 15.11% to 24.00; Harbor Star Shipping Services, Inc. (TUGS), rising 13.10% to 0.95; ABS-CBN Holdings Corporation - Philippine Deposit Receipts (ABSP), gaining 11.90% to 2.35; Pacifica Holdings, Inc. (PA), up 11.69% to 0.86; and Paxys, Inc. (PAX), climbing 9.76% to 2.25.
Significant Declines
On the flip side, several prominent issues experienced considerable drops. Kepwealth Property Phils., Inc. (KPPI) led the losers, falling 11.19% to 1.27, a decline of 0.16. Its 3,000 shares traded amounted to PHP 3,810.00.
Ionics, Inc. (ION) also saw a significant dip, down 10.92% to 1.06, shedding 0.13. The technology manufacturer registered a volume of 1,185,000 shares, with a total value of PHP 1,235,970.00, possibly affected by sector-wide adjustments or specific operational news.
Digital Entertainment Corp. (PLUS) retreated by 10.71%, closing at 10.50, down 1.26. Despite a high trading value of PHP 114,363,000.00 from 10,743,400 shares, the interactive gaming company experienced profit-taking after recent upward movements or concerns over competitive pressures.
Bright Kindle Resources & Investments Inc. (BKR) declined by 10.34%, with its shares ending at 0.52, a drop of 0.06. A total of 215,000 shares were traded, valued at PHP 115,700.00.
MRC Allied, Inc. (MRC) rounded out the top five losers, sliding 9.88% to 0.73, a decrease of 0.08. The company's 51,201,000 shares traded for PHP 36,248,400.00, as investors reacted to potential concerns regarding its real estate and energy projects.
Other significant decliners included DITO CME Holdings Corp. (DITO), down 9.20% to 0.79, as the telco challenger continues to face competitive pressures; Dominion Holdings, Inc. (DHI), losing 8.72% to 7.85; Lodestar Investment Holdings Corporation (LODE), shedding 8.33% to 0.33; Ayala Land, Inc. (ALI), a property giant, falling 7.72% to 14.58 amid broader market corrections and interest rate concerns; and conglomerate SM Investments Corporation (SM), which dropped 7.72% to 574.00, experiencing significant profit-taking or reflecting broader market concerns impacting large-cap stocks and consumer spending outlook.
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