Market Review: Shipping, Mining Stocks Rally While Retail and Property Retreat
Posted on 2/23/26
Trading activity on the local bourse presented a mixed picture today, with significant movements seen across various sectors. Shipping and mining companies led the charge among top gainers, while retail and some property-related stocks experienced notable declines.
Top Gainers for the Day
Leading the advancers was Lorenzo Shipping Corporation (LSC), which surged by 19.64% to close at 0.67. The shipping firm's shares saw a price change of +0.110, with 28,000 shares traded amounting to a total value of 18,210.00. This uptick could be attributed to renewed investor confidence in the logistics and shipping sector amidst improved trade outlooks, or specific positive corporate developments for the company.
Food processing company Alliance Select Foods International, Inc. (FOOD) also recorded substantial gains, jumping by 17.86% or +0.075 to a last done price of 0.495. A total of 130,000 shares changed hands, valued at 58,550.00. This rise may stem from positive developments in the aquaculture industry or increased demand for processed food exports.
Mining giant Benguet Corporation saw both its 'A' and 'B' shares climb. Benguet Corporation 'B' (BCB) rose by 13.33% or +0.80 to a last done price of 6.80, with 209,900 shares traded for a value of 1,345,790.00. Similarly, Benguet Corporation 'A' (BC) gained 13.33% or +0.82, closing at 6.97, on a significant volume of 986,700 shares valued at 6,716,030.00. The simultaneous ascent of both share classes suggests a broad positive sentiment towards the company, possibly fueled by recent rallies in global metal prices or specific project updates.
Other notable gainers included LFM PROPERTIES CORPORATION (LPC), up 11.76% to 0.038 (Price Change: +0.004, Volume: 300,000, Total Value: 11,400.00); CIRTEK HOLDINGS PHILIPPINES CORPORATION PREFERRED B-2 SUBSERIES C SHARES (TCB2C), advancing 11.51% to 9.30 (Price Change: +0.96, Volume: 600, Total Value: 5,190.00); BOULEVARD HOLDINGS, INC. (BHI), increasing 11.11% to 0.040 (Price Change: +0.004, Volume: 76,100,000, Total Value: 2,876,200.00); ALSONS CONSOLIDATED RESOURCES, INC. (ACR), up 9.09% to 0.72 (Price Change: +0.06, Volume: 866,000, Total Value: 611,980.00); SUPERCITY REALTY DEVELOPMENT CORPORATION (SRDC), climbing 8.56% to 19.54 (Price Change: +1.54, Volume: 900, Total Value: 16,314.00); and PHILWEB CORPORATION (WEB), which posted a 6.45% gain to 10.90 (Price Change: +0.66, Volume: 3,247,000, Total Value: 34,929,200.00).
Top Losers for the Day
On the flip side, AllHome Corp. (HOME) experienced a significant downturn, falling by -9.09% or -0.025 to a last done price of 0.250. The retail construction materials company traded a large volume of 10,090,000 shares, totaling 2,569,550.00. The decline could reflect broader concerns about consumer spending or a cautious outlook for the retail sector amidst economic uncertainties.
PTFC Redevelopment Corporation (TFC) also dropped sharply, losing -9.09% or -5.00 to close at 50.00. With a total value of 10,400.00 from 200 shares, its substantial percentage drop suggests a specific negative catalyst or low liquidity amplifying price swings.
Nihao Mineral Resources International, Inc. (NI) declined by -8.89% or -0.040 to a last done price of 0.410, with 20,000 shares valued at 8,200.00. Keppel Philippines Properties, Inc. (KEP) also saw a notable dip, down -8.56% or -0.28 to 2.99. This decline might be linked to general weakness in the property market or specific company developments for Keppel.
Other decliners for the day included PRIME MEDIA HOLDINGS, INC. (PRIM), dropping -6.90% to 1.08 (Price Change: -0.08, Volume: 65,000, Total Value: 73,260.00); WATERFRONT PHILIPPINES, INCORPORATED (WPI), down -6.67% to 0.42 (Price Change: -0.03, Volume: 550,000, Total Value: 231,250.00); TKC METALS CORPORATION (T), sliding -5.88% to 0.32 (Price Change: -0.02, Volume: 40,000, Total Value: 12,600.00); PHILIPPINE INFRADEV HOLDINGS INC. (INFRA), decreasing -5.41% to 0.35 (Price Change: -0.02, Volume: 210,000, Total Value: 73,500.00); MAKATI FINANCE CORPORATION (MFIN), losing -5.26% to 1.80 (Price Change: -0.10, Volume: 1,000, Total Value: 1,800.00); and ACESITE (PHILS.) HOTEL CORPORATION (ACE), which fell by -5.11% to 1.30 (Price Change: -0.07, Volume: 2,000, Total Value: 2,510.00).
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