What happened today?
- PSEi closed at 5,738.06 pts (-178.93; -3.06%)
- MBT - #2 most active, ouch but yes to stock divi
- AC - #5 most active, ouch
- BDO - #8 most active, ouch
- PX - bought some more
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| courtesy of COLFinancial |
- Observations:
- PRC is top gainer and 2GO is top loser
- Notes:
- “We believe 5,500 major support can hold based on ‘safety net’ provided by robust Philippine macro fundamentals anchored on strong and sustainable GDP (gross domestic product), low inflation, positive current account, low budget deficit and public debt, etc. – all these coupled with healthy earnings growth will provide solid support for PSEi,” said veteran stock broker Ismael Cruz, president of IGC Securities.
- I believe in Ghost Month,hehe
- Watchlist:
- News:
- PSEi wipes out gains for the year as Middle East tensions loom large on investors' minds
- US stocks sink as West says ready to punish Syria
- Indian rupee hits new record low, stocks dive
- Stocks, peso slump on global worries
- BSP ready to address wild forex swings
- Household consumption, construction fueled 2Q growth, NEDA chief says
- DOTC pushes back deadline for Mactan airport project
- June imports fall 4.8 pct
- Stocks plummet, peso drops further as geopolitical risk add to worries over US Fed
- Meralco, Thai firm to build coal power plant in Quezon
- EDC eyes relocation of Negros geothermal plant by 3Q 2014
- Lucio Tan, George Ty holding firms join benchmark stock index, replacing Meralco and Belle
- Others: (good read)
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“It is unfortunate Philippines is being lumped together with other deteriorating ASEAN (Association of Southeast Asian Nations) brothers. It’s now our turn to rise and shine,” Cruz said.
Yan ang positive sa panahon ng negative!
Cheers!
Cheers!
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