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daily market notes Dec 9, 2016
PSE 7,043.16 +20.78 (+0.30%) TURNOVER 6.63B ZIP Once again today's rally did not have follow through for a day 2. this is probably the third time this has happened in this current phase of the bottoming out formation. up 20 can't even be taken seriously as this once again came from a forced closed state at the last second from a zero to flat trading session. to top it off, we are back... read more...
LN's UCC's Oct 22 '14
7154... - a magical close today with the help of last minute mark ups on the Ayalas - BPI, AC and ALI... We have quipped that the market is bound to bounce back with a vengeance and here we are , right at about those touching these resistances... Also looking solid and basing now is of course the international markets as well... This should bode well for plays and the market in general go... read more...
Falling Industrial Profits in China Drag PH Stocks
Philippine stocks plunged on the first session of the week as regional weakness wrought by the latest economic data out of the regions largest economy dragged the local equity market to its fifth consecutive decline. Yesterday, the Philippine Stock Exchange Index (PSEi) sank and lost 101.96 points, or -1.47 percent, to 6,815.59, while the broader All Shares Index (PSE:ALL) trailed by -0.96 pe... read more...
Monetary Board Keeps Rates Steady
Philippine stocks settled in negative territory in the week ending September 24th, as local market players weighed in weakness in Chinas manufacturing sector for the current month, as well as the negative outlook for the countrys growth this year. The shortened trading week saw the Philippine Stock Exchange Index (PSEi) plunging 3.01 percent, settling below the 7,000-mark again after losing... read more...