Market Roundup: Conglomerates and Energy Stocks Drive Gains, Tech Sector Faces Headwinds
Posted on 7/29/26
Trading activity on July 29, 2026, saw a dynamic session with prominent conglomerates and energy-related counters leading the day's advancements, while several manufacturing and technology-oriented firms experienced notable declines. Investors closely watched movements across diverse sectors, reflecting varied sentiment on corporate prospects.
Leading the charge among the top performers was ENEX Energy Corp., whose shares (ENEX) surged by 18.60%, adding P0.53 to close at P3.38. The energy firm traded a volume of 157,000 shares, generating a total value of P511,010. This impressive jump could be linked to renewed optimism surrounding the energy sector or specific project developments. Following was Dominion Holdings, Inc. (DHI), which climbed 8.05% or P0.62 to a last done price of P8.32, with a substantial 5,187,600 shares worth P42.10 million changing hands, signaling strong investor interest.
Oriental Petroleum and Minerals Corporation “A” (OPM) also posted a significant gain of 7.69%, rising by P0.001 to P0.014. While the price per share remains low, the volume reached 5,500,000 shares, totaling P76,300, indicating speculative activity. Large-cap conglomerate Aboitiz Equity Ventures, Inc. (AEV) saw its stock appreciate by 6.73%, gaining P2.30 to settle at P36.50. This surge, backed by a significant trading value of P288.12 million from 7,920,900 shares, may reflect confidence in its diversified portfolio, particularly its robust power and infrastructure segments. Island Information & Technology, Inc. (IS) also moved up by 6.62%, closing at P0.145, with 17,160,000 shares traded for P2.45 million.
Other notable gainers included Filinvest Development Corporation (FDC), which rose 6.39% to P3.83, and another blue-chip giant, Ayala Corporation (AC), which closed 5.35% higher at P512.00, adding P26.00 to its value. Ayala's strong performance, with P221.69 million in total value, highlights continued investor trust in its broad market presence. Megaworld Corporation (MEG), a leading property developer, also contributed to the upward trend, increasing by 4.72% to P2.22, trading P22.62 million worth of shares.
On the losing end, Jackstones, Inc. (JAS) registered the steepest decline, plummeting by 24.27% or P0.50 to P1.56. While the percentage drop was significant, the low trading volume of 2,000 shares suggests limited liquidity influenced the sharp movement. Panasonic Manufacturing Philippines Corporation (PMPC) shares also fell substantially, down 10.50% or P0.88 to P7.50, on a volume of 94,300 shares worth P733,659. This downturn for the manufacturing giant could be attributed to various factors, including competition or shifting consumer demand.
Wellex Industries, Inc. (WIN) declined by 9.68% to P0.28, with 3,280,000 shares changing hands for P1.02 million. Meanwhile, Cirtek Holdings Philippines Corporation (TECH), a key player in the technology manufacturing space, shed 7.76% or P0.09, closing at P1.07. Its P9.20 million in total value from 8,364,000 shares indicates a broader concern in the tech sector, possibly due to global semiconductor market dynamics or export headwinds. Integrated Micro-Electronics, Inc. (IMI), another major electronics manufacturer, also experienced a dip, falling 4.26% or P0.28 to P6.30, with a substantial P25.60 million worth of shares traded.
Other companies experiencing losses included Bright Kindle Resources & Investments Inc. (BKR), down 6.90% to P0.54, and GMA Holdings, Inc. - Philippine Deposit Receipts (GMAP), which lost 6.67% to P4.20. Harbor Star Shipping Services, Inc. (TUGS) also closed lower by 4.42% at P1.08. Overall, the day showcased a clear divide, with strong rallies in core Philippine conglomerates and energy, contrasted by pullbacks in some manufacturing and speculative counters.
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