Losers' club: Mel Velarde, Lucio Co, Dennis Uy, Injap Sia have the worst performing stocks in first half of 2021
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Losers’ club: Mel Velarde, Lucio Co, Dennis Uy, Injap Sia have the worst performing stocks in first half of 2021

Businessman Mel Velarde’s self-proclaimed 4th telco NOW Corp. is the worst performing stock in the first six months of 2021.

But he’s in good company as stocks of bilyonaryos Lucio Co, Dennis Uy and Injap Sia also went bust in the first half.

NOW, which has been suspended from trading by the Philippine Stock Exchange (PSE), plunged by 44.6 percent P2.40 as of June 24.

Breathing down its neck is NiHAO Minerals Resources which nosedived 44 percent to P1.69 as of June 30. Its biggest shareholder, broker Jerry Angping, died in 3 April 2021.

In third spot is Co’s DAVIN (Vinci Capital Holdings) which lost 43.2 percent to P3 as of June 30. DAVIN peaked at P10.34 in February 2021 due to speculation on the valuation of the transfer of Co’s liquor business from Cosco Capital to DAVIN.

Uy’s Chelsea Logistics Holdings was the fourth biggest loser as investors dumped the cash-strapped firm after reducing its stake in DITO Telecommunity. Chelsea plummeted 40.9 percent to P3.08 as of June 30.

Sia’s MerryMart Consumer left its shareholders miserable as its stock tanked 34.3 percent to P4.18 as of June 30 after peaking 8.56 in January 2021.

The PSE dropped by 3.33 percent to 6,901 as of June 30.

Here are the rest of the worst performing stocks in the first half of 2021:

6) ABG -30.6%
7) PHR – 30.2%
8) IPM – 29.8%
9) PXP -28%
10) MRC – 28%
11) FERRO – 27%
12) SBS – 24.6%
13) I -23.2%
14) ANI – 22.3%
15) TUGS – 21.9%
16) MJIC – 21.1%
17) MAC – 20.9%
18) MEG – 20.8%
19) LFM – 20.7%
20) IPO – 20.7%

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