Market Buzz: Seafaring Resources and Energy Firms Lead Gains, Logistics and Banking Face Headwinds
Posted on 9/21/26
Trading at the local bourse saw significant movements across various sectors, with resource and energy companies making notable advances, while some logistics and financial firms experienced declines.
Leading the day's advancers was Seafaring Resources Corporation (SPM), which surged by 30.00 percent, closing at 2.60. The stock gained 0.60 per share with a volume of 23,000 and a total value of 66,470.00. Following its strong performance was Cirtek Holdings Philippines Corporation Preferred B-2 Subseries D Shares (TCB2D), climbing 22.35 percent or 1.37 to settle at 7.50. A total of 900 shares were traded for 6,750.00. Vantage Equities, Inc. (V) also posted a significant gain of 12.50 percent, adding 0.16 to its price to reach 1.44. The stock saw substantial activity with 9,906,000 shares changing hands for a total value of 13,810,800.00.
The energy sector showed strength with ENEX Energy Corp. (ENEX) increasing by 11.43 percent (0.40) to close at 3.90, trading 159,000 shares worth 586,850.00. Vivant Corporation (VVT), a diversified power and water utility company, saw its shares rise by 10.75 percent (2.00) to 20.60 on a volume of 600 shares valued at 12,360.00. Alliance Select Foods International, Inc. (FOOD) advanced by 10.26 percent (0.04) to 0.43, with 20,000 shares traded for 8,350.00. PXP Energy Corporation (PXP), a key player in oil and gas exploration, ended up 8.79 percent, gaining 0.27 to reach 3.34. The company has often been at the forefront of discussions surrounding potential oil and gas exploration in disputed territories, which can fuel speculative interest. Volume stood at 1,382,000 shares with a value of 4,512,520.00.
Other gainers included Lodestar Investment Holdings Corporation (LODE), up 8.70 percent (0.04) to 0.50, on a volume of 4,410,000 shares worth 2,169,750.00. Oriental Petroleum and Minerals Corporation 'A' (OPM) and Oriental Petroleum and Minerals Corporation 'B' (OPMB) both registered gains of 7.14 percent, adding 0.001 to their price to settle at 0.015. These energy exploration firms frequently experience movements tied to broader sentiment on commodity prices and energy independence prospects. Their 'A' shares traded 285,200,000 units for 4,285,800.00, while 'B' shares moved 298,600,000 units for 4,478,900.00.
On the losing end, LBC Express Holdings, Inc. (LBC) led the decliners, dropping 12.13 percent or 0.97 to 7.03. The logistics giant, which has been navigating intense competition and evolving consumer delivery demands, saw a modest volume of 100 shares valued at 703.00. LMG Corp. (LMG) followed with a 10.71 percent decline, shedding 0.045 to 0.375 on 100,000 shares worth 34,400.00. LFM Properties Corporation (LPC) also fell significantly by 10.00 percent, losing 0.002 to end at 0.018, with 1,300,000 shares traded for 23,500.00.
Roxas and Company, Inc. (RCI) experienced a 9.39 percent dip, down 0.31 to 2.99. The diversified conglomerate traded 625,000 shares for 1,909,910.00. Citystate Savings Bank, Inc. (CSB), a community-focused financial institution, retreated by 8.96 percent, closing 1.28 lower at 13.00 on a small volume of 500 shares valued at 6,502.00. Nihao Mineral Resources International, Inc. (NI) declined by 8.62 percent or 0.05 to 0.53, trading 49,000 shares for 26,910.00, aligning with general volatility often seen in smaller mining firms. Similarly, Dizon Copper-Silver Mines, Inc. (DIZ) dropped 8.51 percent (0.40) to 4.30 on a volume of 3,000 shares worth 12,770.00.
Supercity Realty Development Corporation (SRDC) shares decreased by 7.78 percent (2.50) to 29.65, with 12,300 shares exchanging hands for 374,365.00. Cebu Air, Inc. Convertible Preferred Shares (CEBCP) fell 7.41 percent (2.00) to 25.00. As the airline sector continues its recovery path, preferred shares can sometimes react differently to market dynamics compared to common shares, often influenced by fixed income considerations. A total of 4,700 preferred shares were traded for 119,810.00. Rounding out the top losers was Geograce Resources Philippines, Inc. (GEO), down 7.37 percent (0.007) to 0.088, with 4,280,000 shares valued at 382,560.00.
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