Mining, Energy Firms Drive Gains; Conglomerates and Industrials Retreat on Local Exchange
Posted on 7/31/26
Trading on the local bourse saw a diverse performance on Friday, July 31, 2026, with significant upward movements in mining and energy counters, while some holding firms, property developers, and a major conglomerate experienced a pullback. Investor attention appeared to shift towards companies with exposure to commodities and power, reflecting evolving market sentiment.
Top Performers of the Day
Leading the rally was ZEUS HOLDINGS, INC. (ZHI), which recorded an impressive 24.00% surge. The holding firm closed at PhP 0.062, up by PhP 0.012, with a substantial volume of 4,000,000 shares traded, amounting to a total value of PhP 252,390.00. While no specific company news was immediately available, such sharp movements in low-priced stocks often indicate speculative interest.
The mining sector was particularly robust, with LEPANTO CONSOLIDATED MINING COMPANY 'A' (), also climbed by 12.09% to PhP 0.204, adding PhP 0.022. Both mining firms saw significant trading activity, with LC recording a total value of PhP 40,727,300.00 from 202,780,000 shares, and LCB with PhP 3,729,060.00 from 19,040,000 shares. PHILEX MINING CORPORATION () advanced by 10.80% to PhP 2.77, a PhP 0.27 increase, though on a modest volume of 16,000 shares valued at PhP 43,510.00. Property developers also showed strength, with ALTUS PROPERTY VENTURES, INC. () gaining 7.54% to PhP 2.71, an increase of PhP 0.19. Suntrust Resort Holdings, Inc. () appreciated by 8.48% to PhP 20.85, adding PhP 1.63, while BASIC ENERGY CORPORATION () led the decliners, shedding 13.40% to close at PhP 0.42, a loss of PhP 0.065. The company's shares traded a total value of PhP 277,200.00 from 660,000 shares. This contrasts with the broader positive trend in the mining sector, suggesting company-specific factors or profit-taking after previous gains.
VICTORIAS MILLING COMPANY, INC. (), another resource play, dropped 7.14% to PhP 0.013. PHILIPPINE REALTY AND HOLDINGS CORPORATION () saw its shares retreat by 6.01% to PhP 0.172. LODESTAR INVESTMENT HOLDINGS CORPORATION () fell by 4.35% to PhP 0.022. HOUSE OF INVESTMENTS, INC. () also closed in negative territory, losing 3.89% to PhP 22.25, a PhP 0.90 drop, with PhP 45,864,500.00 worth of shares traded. ABS-CBN HOLDINGS CORPORATION - PHILIPPINE DEPOSIT RECEIPTS (
Related:
