Market steady at recess; GT Capital, URC among top risers

By Patrickroque01 - Taken using my own camera, CC BY-SA 4.0, https://en.wikipedia.org/w/index.php?curid=57631292

By Patrickroque01 - Taken using my own camera, CC BY-SA 4.0, https://en.wikipedia.org/w/index.php?curid=57631292

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The Philippine Stock Exchange Index (PSEi) edged higher by 16.40 points or 0.26% to 6,442.20 as of market recess at 12:00 PM on 29 May 2025, with mixed performance among the most active stocks.
GT Capital Holdings (GTCAP) led the pack in both value and price gain, climbing 1.48% to P583.50 with a trading value of P177.6 million. Universal Robina Corporation (URC) recorded the highest percentage gain at 2.62%, followed by International Container Terminal Services Inc. (ICT), up 1.17% to P415.00.
Metropolitan Bank & Trust Company (MBT) also performed strongly, rising 1.26% to P76.15. DigiPlus Interactive Corp. (PLUS) added 0.70% to P50.35.
On the downside, Bloomberry Resorts Corporation (BLOOM) posted the steepest loss among the most active, down 1.08% to P4.60. BDO Unibank, Inc. (BDO), Bank of the Philippine Islands (BPI), and SM Investments Corporation (SM) also saw modest declines.
Meanwhile, the biggest movers came from preferred and speculative stocks. Cirtek Holdings Philippines Corporation’s Preferred B-2 Subseries C Shares (TCB2C) surged 32.83% to P26.30, making it the top gainer despite low volume. Seafront Resources Corporation (SPM) and LMG Corp. (LMG) also posted notable intraday gains of 17.06% and 16.67%, respectively.
On the losing end, Cirtek’s other preferred series—TCB2D—fell sharply by 12.41% to P12.00. Citystate Savings Bank Inc. (CSB) dropped 22.65%, while Philippine Infradev Holdings Inc. (INFRA) declined 9.68%.
Total market turnover reached P867.4 million, with over 33 million shares traded before the break.