PSE Session Closes with Mixed Fortunes: GMA Holdings, Alliance Global Group Rally, While Converge and AllHome Retreat
Posted on 2/6/26
Market activity on the local bourse concluded with a mixed performance today, as several property, media, and logistics companies posted impressive gains, offsetting significant drops seen in segments of the finance, retail, and technology sectors.
Top Gainers Highlight Resilience in Media and Diversified Holdings
Leading the day's upturn was GMAP (GMA HOLDINGS, INC. - PHILIPPINE DEPOSIT RECEIPTS), which surged by 13.02%. The media giant's PDRs closed at a last done price of 5.99, gaining 0.69 from its previous close. Trading volumes for GMAP reached 5,700 shares, translating to a total value of 34,530.00. This increase could reflect renewed investor interest in media companies amidst a potentially recovering advertising market or anticipation of strong Q4 earnings reports.
Following closely was MED (MEDCO HOLDINGS, INC.), which climbed 7.22% to a last done price of 0.104. The stock added 0.007, with 150,000 shares changing hands for a total value of 15,180.00.
VISTAMALLS, INC. (STR) also saw a robust gain of 6.84%, with its shares closing at 1.25, up 0.08. A volume of 25,000 shares generated a total value of 33,210.00. This performance suggests positive sentiment for the retail property sector, potentially buoyed by a perceived increase in consumer foot traffic and spending.
Real estate companies continued to show strength, with PHILIPPINE ESTATES CORPORATION (PHES) increasing by 6.67% to 0.32 (up 0.02), on a volume of 310,000 shares valued at 99,050.00. LODESTAR INVESTMENT HOLDINGS CORPORATION (LODE) also advanced by 6.59% to 0.485 (up 0.03), trading 130,000 shares worth 60,650.00.
Logistics player LBC EXPRESS HOLDINGS, INC. (LBC) recorded a 6.25% increase, closing at 7.99, a 0.47 gain. Although trading a smaller volume of 800 shares, its total value reached 6,494.00, possibly reflecting continued growth in e-commerce and delivery services.
Meanwhile, Alliance Global Group, Inc. (AGI), a diversified conglomerate with interests in real estate, liquor, fast food, and gaming, rose by 4.04% to close at 8.50, adding 0.33 to its price. AGI traded a substantial 15,961,100 shares, amounting to a total value of 135,295,008.00. Its warrants, AGIW, also saw a 5.38% jump to 1.37, with 5,103,000 shares traded for 7,431,050.00, suggesting broad optimism for the conglomerate's various business segments.
Significant Declines Hit Finance, Retail, and Telecommunications
On the flip side, MAKATI FINANCE CORPORATION (MFIN) experienced the sharpest decline, plunging by 19.35%. Its shares closed at 2.00, down 0.48. Trading volume was 22,000 shares, with a total value of 43,280.00. This significant drop could be indicative of company-specific news or broader concerns within the non-bank financial sector.
UNIHOLDINGS INC. (UNH) followed with a 17.54% fall, bringing its last done price to 107.20, a decrease of 22.80. Despite the substantial percentage loss, only 110 shares were traded, valued at 11,792.00.
Preferred shares of CIRTEK HOLDINGS PHILIPPINES CORPORATION also suffered significant losses. The PREFERRED B-2 SUBSERIES D SHARES (TCB2D) dropped by 9.91% to 7.00 (down 0.77) with 30,200 shares valued at 213,906.00, while PREFERRED B-2 SUBSERIES C SHARES (TCB2C) fell by 8.05% to 11.20 (down 0.98) on 800 shares worth 8,958.00. These declines might be tied to general investor sentiment towards the technology sector or company-specific developments.
Retail players ALLDAY MARTS, INC. (ALLDY) and ALLHOME CORP. (HOME) faced considerable pressure. ALLDY decreased by 7.50% to 0.037 (down 0.003), trading a massive 32,700,000 shares for 1,217,900.00. HOME, a prominent home improvement retailer, shed 7.14% to close at 0.26 (down 0.02), with 7,520,000 shares valued at 1,911,250.00. The performance of these retail stocks could reflect ongoing intense competition in the Philippine retail landscape or concerns over consumer spending habits.
Lastly, CONVERGE INFORMATION AND COMMUNICATIONS TECHNOLOGY SOLUTIONS, INC. (CNVRG) experienced a notable dip of 6.25%, closing at 13.50, down 0.90 from its previous close. With a substantial volume of 29,668,500 shares traded, valued at 407,288,992.00, this movement could be influenced by increasing competition in the fiber internet market, aggressive promotional activities by rivals, or investor reevaluation of growth prospects in the telecommunications sector.
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