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Market Watch: BHI Holdings Leads Stunning Rally, Mining Sector Sees Retreat

Posted on 9/2/26

Trading on the local bourse unfolded with distinct movements across various sectors, as a few stocks witnessed remarkable surges while others experienced notable pullbacks. Investor attention was drawn to both high-flying gainers, particularly in the holding firm and banking sectors, and the more volatile mining and interactive entertainment segments, which faced significant downward pressure.

Leading the day's top performers was BHI Holdings, trading under BH, which saw an extraordinary climb. The stock's last done price soared to ₱980.00, marking a substantial increase of ₱300.00, or a staggering 44.12%. Despite a relatively low volume of 700 shares, the total value traded for BH reached ₱686,000.00, indicating a high-value transaction that caught significant market interest. This sharp ascent suggests strong speculative buying or potential anticipation of a major corporate development.

Following suit was Jackstones, Inc. (JAS), which posted a 19.32% gain, closing at ₱2.10. The stock rose by ₱0.34, with 37,000 shares valued at ₱76,310.00 changing hands. Medco Holdings, Inc. (MED) also enjoyed a robust session, advancing by 18.52% to ₱0.128, an increase of ₱0.02. A substantial volume of 9,060,000 shares was traded, totaling ₱1,152,010.00.

The real estate sector also showed strength, with Philippine Estates Corporation (PHES) climbing 9.46% to ₱0.405, up by ₱0.035 on a volume of 130,000 shares worth ₱52,250.00. In the financial sector, Asia United Bank Corporation (AUB) recorded a healthy 7.58% gain, closing at ₱57.50 with a ₱4.05 increase. A significant 446,520 shares were traded, generating a robust value of ₱25,171,200.00, reflecting positive sentiment in the banking industry, potentially driven by solid economic indicators or upcoming financial results.

Other notable gainers included Ferronoux Holdings, Inc. (FERRO), up 7.51% to ₱4.15 (+₱0.29), with 28,000 shares traded for ₱111,870.00. Both Concreat Holdings Philippines, Inc. (CHP) and Cirtek Holdings Philippines Corporation (TECH) saw their shares rise by 6.30%, with CHP closing at ₱1.35 and TECH at ₱1.35, each adding ₱0.08. CHP recorded a volume of 1,407,000 shares valued at ₱1,862,330.00, while TECH, a significant player in the technology sector, traded 3,265,000 shares amounting to ₱4,383,310.00, possibly on renewed optimism for global tech demand.

Rounding out the top gainers were Bank of Commerce (BNCOM), which increased by 5.94% to ₱10.70 (+₱0.60), with 173,700 shares worth ₱1,807,890.00, and LFM Properties Corporation (LPC), up 5.00% to ₱0.021 (+₱0.001) on 500,000 shares valued at ₱10,500.00.

Conversely, several companies experienced downward pressure, with the mining and interactive entertainment sectors taking the biggest hits. Manila Mining Corporation 'B' (MAB) led the decliners, shedding 8.51% to close at ₱0.0086, a decrease of ₱0.0008. Despite the drop, it saw heavy trading with 10,000,000 shares exchanging hands for a total value of ₱86,000.00. East Coast Vulcan Mining Corporation (ECVC) also fell significantly, down 8.33% to ₱0.275 (-₱0.025) on 10,000 shares worth ₱2,750.00, reflecting a general downturn in some mining stocks.

IPEOPLE, Inc. (IPO) saw its shares decline by 7.79% to ₱6.75 (-₱0.57), albeit on a low volume of 100 shares valued at ₱675.00. Harbor Star Shipping Services, Inc. (TUGS) dipped by 7.25% to ₱1.92, losing ₱0.15. The shipping firm traded 6,304,000 shares, generating a total value of ₱12,531,500.00, possibly reacting to changes in global shipping rates or operational costs.

Oriental Petroleum and Minerals Corporation 'B' (OPMB) also contributed to the mining sector's woes, dropping 7.14% to ₱0.013, a decrease of ₱0.001. A large volume of 4,800,000 shares was traded, totaling ₱62,400.00. DigiPlus Interactive Corp. (PLUS), a key player in interactive entertainment, experienced a significant 7.05% decline, closing at ₱10.02 (-₱0.76). The stock saw robust activity with 9,377,300 shares traded, valued at ₱96,982,400.00, indicating substantial profit-taking or concerns over regulatory developments.

Rounding out the day's most significant losers were Enex Energy Corp. (ENEX), down 7.04% to ₱3.30 (-₱0.25) on 9,000 shares worth ₱29,240.00; United Paragon Mining Corporation (UPM), which fell 6.00% to ₱0.0094 (-₱0.0006) with a massive volume of 145,500,000 shares valued at ₱1,423,100.00; Anglo Philippine Holdings Corporation (APO), down 5.81% to ₱1.46 (-₱0.09) on 3,250,000 shares for ₱4,811,750.00; and Makati Finance Corporation (MFIN), which closed 5.42% lower at ₱1.92 (-₱0.11), with 32,000 shares valued at ₱60,190.00.

Market Watch: BHI Holdings Leads Stunning Rally, Mining Sector Sees Retreat

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