What happened today?
- PSEi closed at 6,081.61 pts (-109.89; -1.77%, 6.6B)
- AC -
- BDO - #6 most active, 332M
- PX -
- LCB -
 |
| courtesy of COLFinancial |
- Gold $1,269.20
- B2 Gold @ 2.67
- Observations:
- MRC is top gainer and LSC is top loser
- Notes:
- AC - avg down if it pulls back to 530
- BDO -
- PX -
- LCB -
- Watchlist for this week:
- News:
- Sale of Angat hydro plant to Korean company sealed by March, says Psalm
- Private-sector economists expect higher inflation in 2014
- Cavitex operator expects 7 pct growth in vehicular traffic
- Filinvest Land mulls mixed-use project to replace Philcomcen Tower
- NLEX operator to raise P7B in debt in 2Q for expansion
- Globe, 10 other Asia-Pacific telcos establish new service under Bridge Alliance
- PLDT links Western Visayas to Palawan through submarine cable
- PH stocks to take cue from key economic data, US Fed meeting this week
- Asian shares tumble on emerging market high anxiety
- Gov't setting aside P2.3B to bolster manufacturing
- Melco, Henry Sy putting up Nobu Hotel in integrated resort casino
- Ayala Land, AboitizLand to build new urban enclave in Mandaue
- Others:
Bears came out of hibernation. After that, trading was on sidelines. Market will retest 6100 resistance. Traders watching on the sidelines I guess before positioning. According to COLing the Shots of COLFinancial, it is a good time for accumulation. Tonight and tomorrow will be FOMC Meeting while there is no trading on Friday, Chinese New Year.
Mining stocks has a positive outlook due to focus on gold assets while currencies like our peso weakens.
Down to a week before going back onsite. Lots of things to accomplish on my checklist!
Cheers!
No comments:
Post a Comment