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Market Capers: NOW Surges, NRCP Tumbles on Active Trading Day

Posted on 6/11/26

Trading activity saw significant movements across several counters, with communications and resource sectors taking the spotlight among top gainers, while reinsurance and certain hospitality stocks experienced a sharp decline. Leading the charge was NOW Corporation, experiencing robust investor interest, as National Reinsurance Corporation of the Philippines recorded the steepest drop for the day.

Top Performers of the Day

Internet and telecommunications firm NOW Corporation (NOW) emerged as the day's top gainer, with its shares climbing by a notable 12.96% or 0.07 to close at 0.61. The company saw considerable trading volume of 4,075,000 shares, amounting to a total value of 2,381,760.00. Investors continue to monitor developments surrounding NOW's potential role in the evolving Philippine telco landscape, which often fuels speculative trading.

Following closely was SEAFRONT RESOURCES CORPORATION (SPM), which recorded an impressive 12.26% surge, adding 0.26 to its previous close to settle at 2.38. This movement came on a volume of 25,000 shares, totaling 60,360.00 in value. Philippine Estates Corporation (PHES) also enjoyed a positive session, rising 7.50% or 0.03 to a last done price of 0.43, with 10,000 shares worth 4,300.00 changing hands.

ABS-CBN HOLDINGS CORPORATION - PHILIPPINE DEPOSIT RECEIPTS (ABSP) gained 6.84%, moving up 0.13 to 2.03. The media entity's PDRs traded 22,000 units for a total value of 44,860.00, as the company continues to strategically pivot its business operations and explore new content distribution channels following its franchise challenges. Swift Foods, Inc. (SFI) also saw a 6.00% increase, with its price rising by 0.003 to 0.053, driven by 210,000 shares traded for a value of 10,530.00.

Other notable gainers included PHINMA CORPORATION (PHN) which rose 5.91% to 13.26, ROXAS AND COMPANY, INC. (RCI) up 5.42% to 2.53, CEBU AIR, INC. CONVERTIBLE PREFERRED SHARES (CEBCP) climbing 5.28% to 31.90, SSI GROUP, INC. (SSI) advancing 4.67% to 2.24, and MANULIFE FINANCIAL CORPORATION (MFC) posting a 4.55% gain to 2300.00.

Notable Declines

On the losing end, NATIONAL REINSURANCE CORPORATION OF THE PHILIPPINES (NRCP) led the downturn, shedding a significant 14.55% of its value. Its shares dropped by 0.16 to close at 0.94, with a robust volume of 1,090,000 shares traded, accumulating a total value of 1,001,030.00. The substantial decline might reflect concerns related to the broader reinsurance market outlook or company-specific news that could be impacting investor sentiment.

Discovery World Corporation (DWC) also experienced a steep fall, dropping 13.13% or 0.13 to settle at 0.86. The hospitality and leisure firm saw 13,000 shares exchanged for a total value of 12,610.00. Lorenzo Shipping Corporation (LSC) followed with a 12.86% decrease, its shares dipping 0.09 to 0.61 on a relatively low volume of 2,000 shares, valued at 1,210.00.

Mabuhay Holdings Corporation (MHC) declined by 10.26%, losing 0.012 to end the day at 0.105, with 50,000 shares traded for 5,250.00. Rounding out the top five losers was Manila Bulletin Publishing Corporation (MB), which saw its stock price fall by 9.09% or 0.019 to 0.19, with 30,000 shares changing hands for a value of 5,700.00.

Also registering a notable drop was Universal Robina Corporation (URC), a major player in the food and beverage industry. Its shares declined by 5.25% or 3.10 to a last done price of 55.90. The significant volume of 2,069,030 shares, totaling 117,477,000.00, suggests a strong sell-off, potentially reflecting broader market concerns about consumer spending or commodity price pressures affecting the conglomerate. CONCREAT HOLDINGS PHILIPPINES, INC. (CHP) also retreated 6.10% to 0.77, while LODESTAR INVESTMENT HOLDINGS CORPORATION (LODE) was down 6.25% to 0.30. ATOK-BIG WEDGE CO., INC. (AB) shed 6.32% to 1.78, and PREMIERE HORIZON ALLIANCE CORPORATION (PHA) closed 5.33% lower at 0.142.

The day’s trading underscored a mixed market sentiment, with specific corporate developments and sector-specific trends driving individual stock performances.