ADVERTISEMENT
Manila Bulletin devider Business devider The Stock Market devider While PSEi sinks, these select stocks are rocketing to new highs

While PSEi sinks, these select stocks are rocketing to new highs

Published Jul 2, 2026 02:50 pm
Local equities stayed largely subdued in the first half of the year, yet a handful of corporate restructuring plays and tycoon-backed ventures triggered rallies for select companies.
While the Philippine Stock Exchange Index (PSEi) ticked lower by 15.75 points, or 0.26 percent, to close out the semester, speculative capital and strategic shifts sent several small-cap and heavyweight issues soaring.
A comparison of official closing prices between Dec. 29, 2025, and June 30, 2026—excluding suspended or inactive counters—showed a contrast between corporate turnaround stories and companies plagued by regulatory headwinds.
The Sy family-controlled Dominion Holdings Inc. emerged as the market’s absolute outperformer. The stock rocketed 438.13 percent to end June at ₱7.48 per share from ₱1.39 at the end of last year. Investors aggressively accumulated the equity on swelling expectations that the vehicle will be used for a backdoor listing of the Sy family’s mining assets.
The Sy group is collaborating with the Consunji family to revive the long-delayed Tampakan copper-gold project. Isidro Consunji was appointed chairman of Dominion in March, adding fuel to the integration speculation.
PhilWeb Corp. secured the second-spot ranking after its stock climbed 125.81 percent to close at ₱14 a share, advancing from ₱6.2 in December. The gaming technology firm extended the recovery that began from a low of ₱2 last year, driven by its return to profitability, new digital gaming partnerships, and the entry of JG Summit Holdings pioneer Lance Gokongwei as a strategic investor.
Synergy Grid & Development Philippines Inc. followed with a 78.14 percent advance, climbing to ₱29.50 per share from ₱16.56. The utility holding firm, led by Henry T. Sy Jr. and Robert Coyiuto Jr., drew buyers after regulators approved long-delayed compensation adjustments for past power transmission under-recoveries, boosting its earnings outlook.
Asiabest Group International Inc. likewise capitalized on corporate restructuring hype, jumping 75.45 percent to ₱32.95 per share from ₱18.78. Tycoon Francis Lloyd Chua acquired control of the shell company with plans to transform it into an integrated infrastructure and modular construction ecosystem by folding in his flagship building ventures.
Among blue chips, Enrique K. Razon’s International Container Terminal Services Inc. (ICTSI) jumped 56.97 percent to ₱890 per share from ₱567. The gains propelled the global port operator to become the most valuable company on the PSE by market capitalization.
Rounding out the top 10 gainers for the first half were Robinsons Retail Holdings Inc., which gained 42.81 percent to ₱47.2 ahead of privatization initiatives, Harbor Star Shipping Services Inc., up 42.37 percent to ₱0.84, and Asia United Bank Corp., which rose 34.95 percent to ₱52.90. United Paragon Mining Corp. crept up 34.48 percent to ₱0.0078, while Sun Life Financial Inc. advanced 33.72 percent to ₱4,600.
On the other hand, Prime Media Holdings Inc. led the first-half laggards, plunging 43.85 percent to ₱0.73 per share from ₱1.30. The Romualdez-controlled media entity saw its speculative premium evaporate following a massive financial claim lodged by the Bangko Sentral ng Pilipinas alongside distinct regulatory complications.
ABS-CBN Corp. surrendered 42.99 percent of its value, falling to ₱2.40 per share from ₱4.21. The media group continues to book losses years after failing to secure a renewal of its broadcast franchise.
Other prominent decliners included Premiere Horizon Alliance Corp., which slid 37.97 percent to ₱0.147, Concrete Aggregates Corp. “A” shares, down 34.85 percent to ₱0.71, and Suntrust Home Developers Inc., which lost 34.21 percent to end at ₱0.50.
Broader market anxieties also dragged down prominent property and tech companies. Ayala Land Inc. slid amid capital preservation concerns after the developer deferred select residential projects, triggering internal liquidity discussions.
Converge ICT Solutions Inc. also faced selling pressure on potential deletion from the benchmark index and high capital expenditure demands. Construction firm EEI Corp., casino operator Bloomberry Resorts Corp., and Philex Mining Corp. completed the 10 worst performers of the semester.

Related Tags

Philippine Stock Exchange
ADVERTISEMENT
.most-popular .layout-ratio{ padding-bottom: 79.13%; } @media (min-width: 768px) and (max-width: 1024px) { .widget-title { font-size: 15px !important; } }

{{ articles_filter_1561_widget.title }}

{{ item.title }}
.most-popular .layout-ratio{ padding-bottom: 79.13%; } @media (min-width: 768px) and (max-width: 1024px) { .widget-title { font-size: 15px !important; } }

{{ static_articles_1562_widget.title }}

{{ item.title }}
.most-popular .layout-ratio{ padding-bottom: 79.13%; } @media (min-width: 768px) and (max-width: 1024px) { .widget-title { font-size: 15px !important; } }

{{ articles_filter_1563_widget.title }}

{{ item.title }}

{{ articles_filter_1564_widget.title }}

{{ item.title }}
.mb-article-details { position: relative; } .mb-article-details .article-body-preview, .mb-article-details .article-body-summary{ font-size: 17px; line-height: 30px; font-family: "Libre Caslon Text", serif; color: #000; } .mb-article-details .article-body-preview iframe , .mb-article-details .article-body-summary iframe{ width: 100%; margin: auto; } .read-more-background { background: linear-gradient(180deg, color(display-p3 1.000 1.000 1.000 / 0) 13.75%, color(display-p3 1.000 1.000 1.000 / 0.8) 30.79%, color(display-p3 1.000 1.000 1.000) 72.5%); position: absolute; height: 200px; width: 100%; bottom: 0; display: flex; justify-content: center; align-items: center; padding: 0; } .read-more-background a{ color: #000; } .read-more-btn { padding: 17px 45px; font-family: Inter; font-weight: 700; font-size: 18px; line-height: 16px; text-align: center; vertical-align: middle; border: 1px solid black; background-color: white; } .hidden { display: none; }
function initializeAllSwipers() { // Get all hidden inputs with cms_article_id document.querySelectorAll('[id^="cms_article_id_"]').forEach(function (input) { const cmsArticleId = input.value; const articleSelector = '#article-' + cmsArticleId + ' .body_images'; const swiperElement = document.querySelector(articleSelector); if (swiperElement && !swiperElement.classList.contains('swiper-initialized')) { new Swiper(articleSelector, { loop: true, pagination: false, navigation: { nextEl: '#article-' + cmsArticleId + ' .swiper-button-next', prevEl: '#article-' + cmsArticleId + ' .swiper-button-prev', }, }); } }); } setTimeout(initializeAllSwipers, 3000); const intersectionObserver = new IntersectionObserver( (entries) => { entries.forEach((entry) => { if (entry.isIntersecting) { const newUrl = entry.target.getAttribute("data-url"); if (newUrl) { history.pushState(null, null, newUrl); let article = entry.target; // Extract metadata const author = article.querySelector('.author-section').textContent.replace('By', '').trim(); const section = article.querySelector('.section-info ').textContent.replace(' ', ' '); const title = article.querySelector('.article-title h1').textContent; // Parse URL for Chartbeat path format const parsedUrl = new URL(newUrl, window.location.origin); const cleanUrl = parsedUrl.host + parsedUrl.pathname; // Update Chartbeat configuration if (typeof window._sf_async_config !== 'undefined') { window._sf_async_config.path = cleanUrl; window._sf_async_config.sections = section; window._sf_async_config.authors = author; } // Track virtual page view with Chartbeat if (typeof pSUPERFLY !== 'undefined' && typeof pSUPERFLY.virtualPage === 'function') { try { pSUPERFLY.virtualPage({ path: cleanUrl, title: title, sections: section, authors: author }); } catch (error) { console.error('ping error', error); } } // Optional: Update document title if (title && title !== document.title) { document.title = title; } } } }); }, { threshold: 0.1 } ); function showArticleBody(button) { const article = button.closest("article"); const summary = article.querySelector(".article-body-summary"); const body = article.querySelector(".article-body-preview"); const readMoreSection = article.querySelector(".read-more-background"); // Hide summary and read-more section summary.style.display = "none"; readMoreSection.style.display = "none"; // Show the full article body body.classList.remove("hidden"); } document.addEventListener("DOMContentLoaded", () => { let loadCount = 0; // Track how many times articles are loaded const offset = [1, 2, 3, 4, 5, 6, 7, 8, 9, 10]; // Offset values const currentUrl = window.location.pathname.substring(1); let isLoading = false; // Prevent multiple calls if (!currentUrl) { console.log("Current URL is invalid."); return; } const sentinel = document.getElementById("load-more-sentinel"); if (!sentinel) { console.log("Sentinel element not found."); return; } function isSentinelVisible() { const rect = sentinel.getBoundingClientRect(); return ( rect.top < window.innerHeight && rect.bottom >= 0 ); } function onScroll() { if (isLoading) return; if (isSentinelVisible()) { if (loadCount >= offset.length) { console.log("Maximum load attempts reached."); window.removeEventListener("scroll", onScroll); return; } isLoading = true; const currentOffset = offset[loadCount]; window.loadMoreItems().then(() => { let article = document.querySelector('#widget_1690 > div:nth-last-of-type(2) article'); intersectionObserver.observe(article) loadCount++; }).catch(error => { console.error("Error loading more items:", error); }).finally(() => { isLoading = false; }); } } window.addEventListener("scroll", onScroll); });
Join Our Newsletters

Sign up by email to receive news.

© 2025 Manila Bulletin The Nation's Leading Newspaper. All Rights Reserved.