The Philippine Stock Exchange and The Philippine Peso/Foreign Currency Exchange - Compiled Threads [Archive] - Page 9

Sinjin P.

February 21st, 2007, 12:58 PM

-TC-

February 21st, 2007, 04:11 PM

^^ @tcchua, what is your opinion on the Phil equities market if on the next three years we will have a "goldilocks economy"...low inflation, low oil prices, record breaking remittances and the elusive political stability? Do you see signs of that? share naman para maka-invest na.

@portludlow: What if we have low inflation, low interest rates, stable oil prices, strong Peso, record remittances and local political stability for 3 years until the end of GMA’s term? Without any negative external factors? Wow that would definitely be a dream situation for our economy and the effect on Phil stocks would surely be very positive. After 3 years, what will happen next? Will it still be the same and will the market run be sustainable? No more boom and bust cycle perhaps for the Pinoy? Dream scenario really but not at all impossible and improbable, right? Do I see signs of its beginnings? Yes.

crappypants

February 21st, 2007, 06:41 PM

it seems the trend is that way.. isn't it.....

tigidig14

February 21st, 2007, 06:49 PM

ang baba ng palit noh
kawawa naman yung nagpapadala
nababawasan yung padala hehehe
but good for pnas economy though

smokingunmanila

February 21st, 2007, 06:55 PM

I just remember in 1997...when the stock market hit it's all time high...banks no longer accepts money for time deposits because they don't know where to put or invest their money in...people in Makati avenue were talking billions...in terms of projects and investments...

Then....thailand devaluated the baht to 29...from 26....because of Soros who started attacking all the asian currency wherein he knows doesn't hold strong fundamentals...and the rest is history...sana wag maulit ....

crappypants

February 21st, 2007, 06:59 PM

i remember that too. it seemed like nice glassy buildings wer being built left to right..

IsaRic

February 22nd, 2007, 01:25 AM

i remember that too. it seemed like nice glassy buildings wer being built left to right..

:fiddle:

what if the Asian Crisis never happened? Maybe Makati's skyline would be competing right now right at the top... maybe by now, there wouldve prolly be five supertalls :(

crappypants

February 22nd, 2007, 02:09 AM

yeah sigh, what if erap was never born, what if honasan got shot in the leg, we would be just boom boom boom after Marcos and not boom bust boom bust.

jgacis

February 22nd, 2007, 08:59 AM

^^ True, and now that the economy is showing a steady trend for the last several years, I hope the Philippine's leaders don't think of this economic boom as a lottery. The reason why many international credit rating agencies have upgraded Philippine's ranking is because of strong financial fundamentals in the country that have improved over the years. They also cite many factors and areas that still need large improvements.

I remember reading the news when filipinos were complaining that GMA was allocating too much of the budget to pay off the national debt to the IMF/WB. Their reason was that the money needed to go to the poor, and not to the loan sharks backed by the imperialistic United States (sorry for using dramatic words..but some of the things I read are pretty amazing).

Now look what happened. Because of GMA, our debt has lessened and our financial portfolios have improved. We have been upgraded and investors are somewhat feeling confident again in the Philippine economy.

All this is now creating a "multiplier" effect that is rippling throughout the country.

I think twice now when someone is too quick to complain about this or that. We need to use our rising peso and growing stock market to finally stamp out the ills of the past. And this...will take time because we still need to strengthen our fundamentals.

Otherwise, as @crappypants said.. BOOM BUST BOOM BUST

kevinb

February 22nd, 2007, 09:21 AM

:fiddle:

what if the Asian Crisis never happened? Maybe Makati's skyline would be competing right now right at the top... maybe by now, there wouldve prolly be five supertalls :(

Probably we're now at par with Asia's giants. And one or two skyscrapers are in the ten tallest skyscrapers in the world. And maybe... :(

FrancisXavier

February 22nd, 2007, 09:28 AM

As of 4:30 Today

US$1= Peso$48.28

sana mamaya andito pa rin post ko :D

Sinjin P.

February 22nd, 2007, 09:31 AM

^ Nandyan pa yan kasi exacto yan at hindi pa 'yan ang close ;)

FrancisXavier

February 22nd, 2007, 09:41 AM

so when the trading closes, my post shall be deleted?

Sinjin P.

February 22nd, 2007, 10:06 AM

^ No. What I meant is that the previous post of yours was already the closing rate but it had the wrong figures, so I just deleted it to combine the peso rate and the stocks into one post. :)

Sinjin P.

February 22nd, 2007, 10:07 AM

FrancisXavier

February 22nd, 2007, 01:41 PM

ei, the peso closed at 48.23..

http://i119.photobucket.com/albums/o157/francisxavier9501/pesodollar.jpg

smokingunmanila

February 22nd, 2007, 03:03 PM

yeah sigh, what if erap was never born, what if honasan got shot in the leg, we would be just boom boom boom after Marcos and not boom bust boom bust.

:lol: :nuts: that's funny....what if Erap wasn't born.....

What if tootsjap never learned the internet? hahahahahaha.....bestfriend...asan ka na...I miss you!

crappypants

February 22nd, 2007, 10:11 PM

:lol: oops actually Honasan did get shot in the leg but it was after the coup. damn

Sinjin P.

February 23rd, 2007, 10:09 AM

ei, the peso closed at 48.23..

http://i119.photobucket.com/albums/o157/francisxavier9501/pesodollar.jpg

Peso ends higher after BSP loosens forex trading rules

The peso ended higher versus the US dollar on Friday after the central bank loosened some controls on outflows of investments and banks’ dollar holdings.

The peso closed at 48.155 per dollar, stronger than Thursday’s finish of 48.30.

------
Yahoo! is Yahoo!, and they didn't even specify that as the closing rate

Sinjin P.

February 23rd, 2007, 10:11 AM

vince_rilian

February 23rd, 2007, 10:15 AM

its testing the 3,400 resistance level! hopefully next week it would break (and break awaaaaay!) from 3,400!

jgacis

February 23rd, 2007, 11:03 AM

^^ Wow, hopefully after passing the 3400 level, the Philippines will start making historical milestones again! :banana:

vince_rilian

February 23rd, 2007, 11:44 AM

although the peso (and thus, also the PSE) now is half of the value compared to pre asian financial crisis levels.... we should still watch out for that magic number!

3447.60 !!! :) :okay: <singing>closer and closer! and higher and higher!

-TC-

February 23rd, 2007, 04:06 PM

Peso ends higher after BSP loosens forex trading rules. The peso ended higher versus the US dollar on Friday after the central bank loosened some controls on outflows of investments and banks’ dollar holdings.

The announced rules change will only take effect on April 2 which is still more than a month away. By then, banks' allowable amount of foreign exchange bought or sold will be raised from $5mln to $50mln or from 2.5% to 20% of unimpaired capital, whichever is lower. These are restorations of pre-crisis limits and expected to bring about a temporary surge in demand for foreign exchange which is expected to level out quickly because of good timing.

In addition to the above, allowable non-trade forex purchases by residents will be doubled from $5,000 to $10,000.

ikra

February 23rd, 2007, 08:04 PM

4000 within two years or less???

lol.. i am dreaming again, but surely this is a very good prospect.. once we restore the values to that of the pre financial crisis.. i hope it still goes up from there on

crappypants

February 23rd, 2007, 08:27 PM

that would be awesome if it reached that level. I don't know why the doomsayers always discount the stock market saying it has no effect on the real economy. when the stockmarket doubles ,the asset of these companies instantly doubles which mean more funds for them to expand their business,which means more skyscrapers to house their business, which means more jobs for the common person. get my drift..

jgacis

February 23rd, 2007, 08:57 PM

^^ Yes, in fancy terms it's called the "multiplier" effect. :D

smokingunmanila

February 24th, 2007, 02:09 AM

People are cashing in...some stocks have reach a very high level wherein it's really tastseful to cash in your profit.
Some are cashing in to pay for electoral expenses.

I heard that the dollar is being maintained above 48 for some officials to cash in their dollar and transfer them here from their offshore banking.

Beyond this figures, marami din kasing istorya behind the scenes...

queetz@home

February 24th, 2007, 04:30 AM

smokingunmanila

February 24th, 2007, 12:12 PM

^^ Isn't there a limit on election spending though? There can't be that many fundraisers out there cashing in to pay for the campaign that would affect the market and if they did, wouldn't they have done so already before the commercials are aired, campaign offices setup, and the posters have been printed?

You'll be surprise at the figures...although I'm really against it...but I cannot do anything since we are in the printing business...Just imagine...a local candidate with the posters alone the 8 by 10.75 and the 15 by 21 inches allowed by comelec..they printed 50K each...averaging at 1.75 for both...so palagay mo na 100K na poster pa lang..eh T-shirts pa ...cheapest is 35..caps is 15 pesos..tarp is 16/sq feet...tapos pwera pa pakain..banners..tapos bayad pa sa leaders for each street...watchers...sample ballots...local alone will cost them minimum of 500K...just multiply that by the total number of candidates...councilor, vice, mayor, congressman, then the senators..of course millions...

Yes there is a limit...but they can easily say...donated by...that's why we always print "donated by" so and so..para hindi ma question ng comelec or kalaban...pero sila din yun...wala naman talagang auditor ang comelec unless mag complaint ang kalaban with all the figures to support it..

By mid march..tapos na lahat ng printing materials dapat...so ...tignan nyo ang market...tataas yan..unless may event na unfavorable to the market...

chixbebe

February 26th, 2007, 05:06 AM

A key member of the House of Representatives predicted yesterday that the peso would soar to a new high once the government receives the $521 million full payment for the state’s indicted 6.38-percent stake in Philippine Long Distance Telephone Co.(PLDT).

"We are definitely counting on the peso to gain more ground against the dollar in the weeks ahead, partly on account of the proceeds from the sale," Deputy Majority Leader Eduardo Gullas said.

He was referring to the sale of the government’s 46-percent stake in Philippine Telecommunications Investment Corp. (PTIC), a holding company that owns 13.85 percent of PLDT. The state’s 46-percent stake in PTIC is equivalent to 6.38 percent ownership of PLDT and is worth P25.2 billion.

The government has sold its shares in PTIC to Hong Kong-based First Pacific Group, which already owns 54 percent of the holding company.

"The massive infusion will build up the country’s already abundant dollar supply. This will further drive the dollar down against the peso," Gullas said.

"The stronger peso, in turn, should provide government as well as the private sector greater opportunity to accelerate dollar debt reduction programs through prepayment," he said.

The government expects to receive full payment from First Pacific once the sale closes on March 2.

Budget Secretary Rolando Andaya Jr. earlier said government stands to save this year some P11 billion on interest expense alone on dollar-denominated loans if the exchange rate stabilizes at P48 to the dollar.

He said every peso gain would slash government’s interest expense by P2.2 billion.

On Friday, the Bangko Sentral ng Pilipinas said it has earmarked $805 million to pay more foreign loans ahead of maturity within the next two months to cut on interest payments.

Gullas said the aggressive dollar debt retirement programs of government and private companies would also have the positive effect of sustaining the peso’s rally against the dollar.

"Going forward, the prepayments imply there will be much lesser demand for dollars in the months ahead since there will be fewer dollar debts to service," he said.

Owing to government’s improved financial condition, the continuing surge in the remittances of overseas Filipino workers and increased foreign investments, the peso is now hovering over six-year highs.

The Amsterdam-based global financial giant ING Group sees the peso soaring to 45 to the dollar this year.

London-based HSBC Holdings expects the currency to hit 47.50 to the dollar.

Metrobank, the largest local bank, sees the exchange rate improving to P46 to the dollar this year. It closed at P48.15 to the dollar last Friday.

http://www.philstar.com/philstar/NEWS200702260705.htm
By Jess Diaz
The Philippine Star 02/26/2007

smokingunmanila

February 26th, 2007, 06:11 AM

Well, in the end, nobody can really predict what's going to happen...our exchange is so vulnerable to attacks since the volume is not really that high compared to other countries...

When the peso was under attack...before thailand devaluated...matter of days if I remember it right...the volume with the dollar trading reach above $1 billion.

There's always a story behind an upsurge of volumes...whether in stocks or currency trading...if you notice something like this..just go with the trend...if you got the hint either on the 2nd day or before...but like 5thday or more..you might lose with the profit taking....so just be careful..in reality..no one knows what is going to happen..some can predict in regards to the fundamentals...but..again..that is only like 20% of the factor...it is still up to the players in the market what they want to do....

vince_rilian

February 26th, 2007, 06:21 AM

oh well, the PSE ended lower today: 3,380.00 (-9.37, -0.2765%)

smokingunmanila

February 26th, 2007, 06:36 AM

I think it's a healthy corection...

Sinjin P.

February 26th, 2007, 10:19 AM

Sinjin P.

February 27th, 2007, 11:23 AM

flymordecai

February 27th, 2007, 11:57 PM

Wall Street Hammered in Global Sell-Off

http://www.msnbc.msn.com/id/3683270/

NEW YORK - The Dow Jones industrial average plunged over 500 points Tuesday, with losses accelerating in the final hour of trading, as Wall Street joined a global stock decline sparked by growing concerns that the U.S. and Chinese economies are cooling and that U.S. stocks are embarking on a major correction.

A 9 percent slide in Chinese stocks earlier set the tone for U.S. trading, a day after investors sent Shanghai’s benchmark index to a record high close.

Investors’ confidence has been knocked down by a slew of data showing that the economy may be decelerating more than anticipated. A Commerce Department report that orders for durable goods in January dropped by the largest amount in three months exacerbated jitters about the direction of the U.S. economy, which were raised a day earlier when former Federal Reserve Chairman Alan Greenspan said the economy may be headed for a recession.

It's only Wednesday morning in the Philippines right now. This is the biggest plunge in the stock market since 9/11. This and the huge 9% decline in the Shanghai stock exchange: how much will it effect the Philippine Stock Exchange?

Let's hope that the effects are small.

jgacis

February 28th, 2007, 12:38 AM

^^ Hehe...welcome to the global economy. The Philippine stock market right now will depend on people like you and me, who make up the sentimentality of the market.

Here is an article on the Manila Times:

Wednesday, February 28, 2007

Palace sees no new Asian crisis

MALACAÑANG on Tuesday brushed aside the warning from the United Nations Economic and Social Commission for Asia and the Pacific of another financial crisis despite the surging economic growth in East and Southeast Asia.

Palace spokesman Ignacio Bunye said the warning “in the light of lessons from the Asian financial crisis 10 years ago is well taken, although the Philippines and the region are far from such a volatile situation.”

Bunye said President Arroyo and her economic team are well aware of the “pros and cons” of every macroeconomic trend and development.

The UN economic report warned that “a global liquidity bonanza, inflated asset values and tremendous speculative pressures on regional currencies could destabilize regional economies,” a situation similar that in 1997.

The UN report considers the Philippines as one of the “crisis-affected countries” together with South Korea, Thailand and Indonesia.

Bunye expressed confidence that government investment on infrastructure and microfinance are sufficient to guarantee that the economic progress would be sustained.

“We aim to keep investor confidence high not only through sound macroeconomic policies but also through a culture of transparency and accountability,” Bunye said in a statement.

He argued the economy has been tried and tested and will prove its resilience through any storm in the global markets.

He said that on the part of the Cabinet, “everyday is a day of taking stock of our gains and possible challenges ahead.”

Secretary Joey Salceda, the President’s chief of staff, noted the optimistic economic forecast of the Makati Business Club, from 5.4 percent last year to 81 percent this 2007, which is the highest in 11 years.

In a roundtable on the “Strong Performance of the National Government,” the President extolled the Philippines “rosy economic outlook” as well as the improvement on operational efficiencies of government corporations.

Budget Secretary Rolando Andaya, who joined the President in the discussion, said the amount of money the government was supposed to borrow to bridge the country’s deficit was halved from P125 billion to roughly P62 billion for 2006 due to the “overachieving” performance of the government in instituting fiscal reforms.

Today's news might affect the current Philippine market, but the real focus is on the FUNDAMENTALS. Right now, since our national debt has been lowered compared to the past, and overseas investment in the Philippines relies heavily on OFWs, balikbayans, etc. which is predominately filipino, I see no major plummet IMO. Plus key infrastructure projects are providing vital economic links that are more profound than short-term daily fluctuations in the market.

The U.S. is far ahead in the global game compared to the Philippines, and so they are more susceptible to foreign fluctuations. Philippines right now has many international investors as well, but the majority are still filipinos who send their money back to the motherland. Also, BPO companies who provide many jobs in this country are here for the cheaper labor pool. It is unlikely they will find it more cost effective to go somewhere else.

I wouldn't worry too much, the Philippines just needs to focus on herself and not get too distracted from outside noise. So far, we are moving slowly ahead just fine. :)

crappypants

February 28th, 2007, 02:50 AM

my god what happened to the stock market? was there a bomb i don't have access to news right now.

IsaRic

February 28th, 2007, 03:06 AM

U.S. stocks plunge to worst 1-day drop since 2001
Tuesday February 27, 4:25 pm ET
By Nick Godt

NEW YORK (MarketWatch) -- U.S. stocks plunged to their worst one-day performance since 2001 on Tuesday, with the Dow Jones Industrial Average dropping 200 points in one minute around 3 p.m. before recovering some ground by the close, after a sell-off in China fueled concerns about growth.

Concerns that tighter credit conditions in China and Japan might dampen global growth first sent Shanghai sliding 9% overnight before the sell-off spread to other markets.

The Dow Jones Industrial Average (DJI:^DJI - News) fell 415 points, or 3.3%, to close at 12,216, its worst one-day drop since September 2001.

Following weakness last week, the blue-chip average has now erased all its gains for the year so far.

After sliding all day, U.S. stocks seemed to fall off a cliff in the afternoon, as data providers failed to keep up with selling programs, noted Stephen Sachs, head of trading at Rydex Investments.

"There's not even a flight to quality into gold or the Swiss franc, which tells me that we're closer to the beginning than to the end of this," Sachs said.

The VIX, a gauge of market volatility, spiked 70% on Tuesday "which could cause a lot of serious pain" among investors who'd been betting on quiet waters since last summer, he said.

The Dow earlier fell by over 500-point, weighed by steep declines in shares of Alcoa Inc. (NYSE:AA - News) , Caterpillar Inc. (NYSE:CAT - News) , General Motors Corp. (NYSE:GM - News) , Verizon Corp. (NYSE:VZ - News) and Walt Disney Co. (NYSE:DIS - News) .

U.S. stocks, "have been way, way overdue for a correction," said Barry Ritholtz, chief market strategist at Ritholtz Research & Analytics. The market has been weakening since last week amid concerns about subprime mortgages and waning economic growth, he noted.

Trading volumes hit record levels on the New York Stock Exchange, where more than 2.3 billion shares exchanged hands. Over 3 billion shares traded on the tech-heavy Nasdaq stock market.

Declining issues outpaced gainers by 29 to 4 on the NYSE and by 14 to 1 on the Nasdaq.

The S&P 500 index dropped 50 points, or 3.5%, to 1,399, while the technology-heavy Nasdaq Composite (COMP - News) took the brunt of the selling, falling 96 points, or 3.9%, to 2,407.

"Whether it's contained to today or if it's the beginning of a more serious correction, we'll have to see over the next couple of days," said Paul Nolte, director of investments at Hinsdale Associates.

A steeper-than-expected drop in durable goods orders in January also fueled concerns about growth, offsetting better-than-expected existing homes sales and a rise in consumer confidence. See Durable Goods report.

Investors are also bracing for Wednesday's revision to the fourth-quarter GDP, which is expected to show growth revised down to 2% from 3.5% previously.

"There is a fundamental slowdown of the economy, which investors have ignored for too long," said Ritholtz.

Weakness in tech shares also hit blue-chips Intel Corp. (NasdaqGS:INTC - News) , Hewlett-Packard Co. (NYSE:HPQ - News) and IBM (NYSE:IBM - News) .

Also weighing on techs, Apple Inc. (NasdaqGS:AAPL - News) fell 5.3% after announcing a delay in the launch of Apple TV. And Xerox Corp. (NYSE:XRX - News) dropped 3.8%, after the company lowered its earnings guidance due to restructuring charges.

By sector, gold (Philadelphia:^XAU - News) , financials (Nasdaq:^IXFN - News) and real-estate investment trusts (Chicago Options:^DJR - News) led the declines, while only individual stocks were to be found in the green.

Among those, Brocade Communications (NasdaqGS:BRCD - News) rose 5% after posting better-than-expected earnings. And CBS Corp. (NYSE:CBS - News) rose 0.6% after it swung to a fourth-quarter profit, slightly above analysts expectations.

Among Dow components, Wal-Mart Stores Inc. (NYSE:WMT - News) fell 3.6% after it agreed to acquire 35% of Trust-Mart, a Taiwanese-owned operator of hypermarkets in China. The world's largest retailer has reportedly agreed to pay around $1 billion for the stake.

And General Electric (NYSE:GE - News) , which earlier was the only Dow stock bucking the downward trend, fell 1.9% after being upgraded to buy from hold at UBS.

China slide spreads wide
Futures fell sharply before the open as investors weighed a 9% plunge in China's leading stock index overnight. The slide - the biggest in China in a decade - came amid concerns of more economic tightening measures, as China's parliament prepares for its annual session next week.

Access to easy money across the globe has been credited for boosting economic growth and fueling demand for assets such as stocks and bonds. The surge in private-equity deals, such as Monday's $45 billion offer for TXU Corp. (NYSE:TXU - News) , has also been made possible by friendly financing conditions.

Continued jitters about the U.S. housing market - and especially the distressed subprime mortgage market - also provided ammunitions for the bears. Tightening credit conditions in the U.S. could worsen the downturn in the housing market and slow economic growth further.

On Tuesday, Freddie Mac (NYSE:FRE - News) , one of the largest providers of mortgages in the nation -- said it was tightening its lending standards to subprime markets, where borrowers have less than perfect credit ratings.

Investors mull long-awaited correction
On Monday, stocks closed lower as concerns about growth resurfaced, marking the first four-session losing streak for the broad S&P 500 index since August of 2006. The move sparked concern that the market may be poised for a much-awaited pull-back after an uninterrupted run since July 2006.

"The S&P will be on the mind of technicians, especially if we get a couple of sharp pull-backs like today," said Avalon's Cardillo.

Global jitters

Adding fuel to global jitters on Tuesday, Iran's foreign minister reportedly said Tuesday that the country would never again suspend its uranium-enrichment program.

Meanwhile in Afghanistan, a suicide bomber reportedly killed at least 23 people near the main U.S. military base where U.S. Vice-President Dick Cheney was visiting.

Bonds rallied on safe-haven flows amid the global jitters and worries about growth. The benchmark 10-year Treasury bond was up 30/32 at 100 29/32 in price, while its yield, which moves inversely, fell to 4.515%, more than a two-month low. See Bonds.

The yen rallied sharply against the dollar early Tuesday, gaining more than 1% as traders moved to unwind carry trades. See Currencies.

Crude oil climbed ahead of weekly inventory data and amid concerns over Iran's nuclear program. The April crude futures contract rose 7 cents to $61.46 a barrel in electronic trading. See Futures Movers.

Gold slumped. Gold for current April delivery fell $2.60 to $687.20 an ounce. See Metals Stocks.

source: www.yahoo.com

smokingunmanila

February 28th, 2007, 03:06 AM

Yes there was a bomb....but don't sell right now..it's time to buy...market now only down by 7%...compared when it opened down by 10%

smokingunmanila

February 28th, 2007, 03:07 AM

hay under attack nanaman philippines...why do we have to shine parati..

crappypants

February 28th, 2007, 03:38 AM

are you serious or are you joking about the bomb. thats not something to joke about.

crappypants

February 28th, 2007, 03:40 AM

what a great analysis. duh that really helps

"Whether it's contained to today or if it's the beginning of a more serious correction, we'll have to see over the next couple of days," said Paul Nolte, director of investments at Hinsdale Associates.

Rene Ybardolaza

February 28th, 2007, 04:10 AM

This is a case of China sneezing and the rest of the world catches a cold.

The Chinese stock market has been very hot during the past year. People over there are mortgaging their houses and borrowing money to invest in the stock market. The Chinese government is concerned about its quick rise and the associated speculative fever so they announced over the weekend several measures to curve the irrational behavior of investors. Soon enough, there is panic selling in the market.

Smokingunmanila has the right attitude. Buy. I would wait it out until things settles down a bit. Buying now is like catching a falling knife. Wait till it hits the ground, then go for it. Buy low, sell high.

crappypants

February 28th, 2007, 04:17 AM

why did the phil market fall so steeply? the other asian markets did not drop so steep.

diz

February 28th, 2007, 04:28 AM

Wow, the market plummeted big time. But it's still open! Let's hope for the best.

Rene Ybardolaza

February 28th, 2007, 04:29 AM

Crappypants, I hate to say it, but the signs and symptoms of the Chinese market and its investors hits very close to home. There's a lot of similarities with the speculative fever going on in our market. Most would not acknowledge it, but there's a lot of insiders trading and market manipulation in the Philippines exchange and the newbie investor is usually the one left holding the bag after the slick ones have left.

Askal82

February 28th, 2007, 04:48 AM

Could be a symptom of Asian Crisis Part II?

queetz@home

February 28th, 2007, 05:03 AM

F*ck! This will take MONTHS to recover!!! I should have bought at Swire!!!! :rant:

crappypants

February 28th, 2007, 06:26 AM

it could also be a good opportunity to get in the market.

chixbebe

February 28th, 2007, 07:31 AM

http://www.bworldonline.com/BW022807/content.php?id=001

ELECTRICITY CONSUMERS will see power bills reduced by as much as 31 centavos per kilowatt-hour (kWh) in April after regulators provisionally approved a National Power Corp. (Napocor) petition for a rate cut.

The Energy Regulatory Commission (ERC) allowed state-owned Napocor to reduce its effective rates due to the appreciation of the peso against the dollar over the November 2005 to January 2006 period.

The ERC order, dated February 7, gave Napocor provisional authority to lower its charges under the generation rate adjustment mechanism or GRAM and the incremental currency exchange rate adjustment mechanism or ICERA.

Both components of Napocor rates, the GRAM allows Napocor to recover cost fluctuations related to fuel and power while the ICERA reflects foreign exchange fluctuations.

The ERC cut Napocor’s current effective rates by P0.0430 per kWh for Luzon, P0.3151 per kWh for the Visayas and P0.0045 per kWh for Mindanao.

"The reductions were arrived at after a careful and thorough evaluation of NPC’s (Napocor) petitions," ERC chairman and chief executive officer Rodolfo B. Albano, Jr. said.

Napocor’s provisionally-approved rates will take effect during the February 26 to the March 25, 2007 billing period. End-users, however, will only see the adjustment in their April billing.

The ERC mandates power utilities to pass on to consumers any adjustment in power costs arising from currency fluctuations.

Since the start of the year, the peso has been gaining against the dollar, trading at around P48 to the greenback.

Power distributor Manila Electric Co. (Meralco), Napocor’s biggest customer, said it would pass on to consumers any reduction in the GRAM charges.

"Whatever reduction in GRAM will be passed on to consumers. It’s revenue neutral to the company," Meralco spokesperson Elpi O. Cuna said.

— ICCG

jgacis

February 28th, 2007, 08:00 AM

^^ You see... amid all the negative commotions, at least there are other areas that show the Philippine is focusing on its growth. Reduced power bills are a good start.

Some of you guys really like to start drama on the first notice of a setback in the market! But then again, that's what makes this thread more interesting than it really is sometimes.. hehe :nuts:

IsaganiZenze

February 28th, 2007, 08:28 AM

ABS-CBN.com

(UPDATE) Philippine shares fall 7.9% to six-week low

Philippine share prices tumbled 7.92 percent Wednesday in a sharp reaction to falling Asian markets, with the key index ending at its lowest level in six weeks, dealers said.

They said investors were rattled by the sell-off on Wall Street overnight that followed a sharp fall on the Shanghai market Tuesday on concerns that prices were over-inflated.

The key index fell 263.84 points to 3,067.45. It was the weakest close for the main index since January 17, when it settled at 3,041.56. The broader all-share index fell 152.27 points or 7.1 percent to 1,983.30.

Losers overwhelmed gainers 159 to four, while six stocks were unchanged.

Volume turnover reached 23.2 billion shares valued at P12.6 billion ($259 million).

The Philippine market closes at noon and earlier than most others in the region when it usually mirrors trends in other Asian bourses and those of the previous day.
In mid-day trade, Shanghai appeared to have regained its composure and was trading steady.

"The selloffs on the US and China markets have caused worldwide jitters. This is definitely a good reality check and for the Philippine market, it's the major correction that we have been waiting for," said Astro del Castillo at First Grade Holdings Inc.

Analysts said the Philippine economy remains stable and the drop could be a good chance for fund managers to start accumulating stocks before any upward correction.

"The country's economic fundamentals are solid because of the appropriate policies set by the government," said Ron Rodrigo, research head at Unicapital Securities.

"Investors are jittery all over the place," said Francisco Liboro, president of PCCI Securities, saying Tuesday's sell-off in China had triggered a chain reaction around the world.

"We don't know how steep this slide will go ... how long the panic will last. But clearly at these levels there is some good buying opportunities," Liboro said.

Philippine Long Distance Telephone Co. fell P230 at P2,320.

San Miguel Corp. A shares fell P1 to P64, while B shares fell P2 to P75.

jgacis

February 28th, 2007, 08:32 AM

From CNN website:

The market was hit by several negative rumors in late trade, including talk that authorities would take strong steps to cool speculative activity.

The government announced Sunday that it had set up a top-level task force to clamp down on illegal securities trading. Authorities had already signaled that another crackdown was coming, and it is not clear how harsh it will be.

There was talk of an imminent interest rate hike after poor inflation data in the past two months. The central bank raised bank reserve requirements Sunday.

At least China is trying to crack down on illegal trading. It's better to do this now instead of waiting later where everyone gets hurts EVEN MORE. In the long run, this is a GOOD thing....

Also,

"Institutional investors turned cautious. They sold stocks in which they were heavily invested," said Zhu Haibin, analyst at Everbright Securities.

Seems like the big fund managers are the ones freaking out....not the small time investors.

flymordecai

February 28th, 2007, 08:51 AM

Some are saying this is the major correction that the market was going to experience anyway, and that the global plunge of the major markets was just a catalyst for it. Let's hope that they're right and continue on to rise.

diz

February 28th, 2007, 09:33 AM

Central Bank says stock falls a ''good correction''

MANILA (Reuters) - The Philippine central bank governor said the local bourse's slide of nearly 8 percent in a global equity sell-off was healthy after its 62 percent climb over the past 12 months.

''This is something both temporary and a good correction. We had a good run,'' Amando Tetangco told a management conference. ''It's time we see some correction.''

The Philippine stock exchange closed down 7.92 percent at 3067.45, the biggest loser among Southeast Asian indices, which suffered their biggest one-day declines since the aftermath of the Sept. 11, 2001 attacks as investors scrambled to dump stocks.

The PSE was hovering close to 10-year highs earlier this month and, after years as the regional laggard, has been on an upward march for eight months due to improved government finances and political calm.

A collapse in Chinese shares on Tuesday and weak US manufacturing data triggered the panic.

Tetangco declined to comment directly on market talk the central bank had intervened to push the peso <PDSPESO> off its lows by selling dollars.

''We allow the exchange rate to be determined by market forces but the central bank can opt to participate in the market to smoothen volatility, that's our policy,'' Tetangco told reporters.

The peso was trading around 48.56 against the dollar, down about 0.4 percent but off a three-week low of 48.65.

Sinjin P.

February 28th, 2007, 10:16 AM

-TC-

February 28th, 2007, 11:33 AM

See post#173 dated Jan 28, '07:

Originally Posted by Rene Ybardolaza

Somehow, the comment about "irrational exhuberance" rings in my ear whenever the market takes off at a faster pace than normal. As I mentioned in another post, there's a lot of liquidity out there seeking investments. Like high tide, it float every boat, even the ones that are not seaworthy. That doesn't mean one should not invest. Just try to keep in touch with the fundamentals of investing, not the hype. For example. ask a simple question. Why is this company's stock rising? If the company hasn't done anything extraordinary different than before to earn the rising stock price, then there's no reason to put your hard earned money with them. Move on and put your money on companies that are truly performing. They will be the ones to survive when the hype is over.

Originally Posted by tcchua

@rene... thank you so much for what you wrote above. Best advice I've heard on this thread yet! :okay:

Be bullish (Yes I am too just like many of you) but be extra cautious in your stock investments. You all need to do your homework. Don't be irrational (remember Greenspan when he talked about "irrational exuberance" before the crash). A slow rise makes for a softer landing. Ok guys?

sandrn

February 28th, 2007, 12:05 PM

BSP says stock falls a 'good correction'
http://www.abs-cbnnews.com/storypage.aspx?StoryId=68374

The Bangko Sentral ng Pilipinas governor said on Wednesday the local bourse's slide of nearly 8 percent in a global equity sell-off was healthy after its 62 percent climb over the past 12 months.

The Philippine Stock Exchange (PSE) closed down 7.92 percent at 3,067.45, its steepest percentage fall since January 1998.

"This is something both temporary and a good correction. We had a good run," Amando Tetangco told a management conference. "It's time we see some correction."

The Philippine market was the biggest loser among Southeast Asian indexes, which suffered their biggest one-day declines since the aftermath of the Sept. 11, 2001 attacks.

The PSE said the 263.84 point drop was the biggest point loss since 1990, when it adopted a new method of measuring price movements.

The market had been hovering close to 10-year highs earlier this month and, after years as the regional laggard, has been on an upward march for eight months due to improved government finances and political calm.

A slump of almost 9 percent in Chinese shares on Tuesday and weak US manufacturing data triggered the panic.

Tetangco declined to comment directly on market talk the BSP had intervened to push the peso off its lows by selling dollars.

"We allow the exchange rate to be determined by market forces but the central bank can opt to participate in the market to smoothen volatility, that's our policy," Tetangco told reporters.

The peso closed at 48.54 against the US dollar, weaker than Tuesday's 48.38 finish but off a three-week low of 48.65. Reuters/abs-cbnNEWS.com

**************************

Peso at 48.65 is not bad while PSE at 3,067.45 is way above the psychological barrier of 2000 pts. Though I feel sorry for the losers, that's risky business.

OtAkAw

February 28th, 2007, 02:05 PM

I hope the stocks recover from this sharp fall.

Rene Ybardolaza

February 28th, 2007, 04:46 PM

queetz@home

February 28th, 2007, 04:55 PM

^^ Only if you bought over a year ago! :mad2:

From ABS-CBN....

http://www.abs-cbnnews.com/storypage.aspx?StoryID=68395

Asian stocks skid but recover from early lows

HONG KONG (Reuters) - Investors dumped Asian shares and emerging market bonds on Wednesday as a global sell-off that started in China gathered steam after Wall Street stocks shed more than 3 percent.

But investors drew comfort from signs that selling momentum had -- at least for the moment -- abated. Shanghai stocks staged a late rally, while other Asian markets rose above early lows and US stocks futures stood firm.

Spooked by Tuesday's collapse in Chinese stocks and weak US manufacturing data, investors fled to safety, pouring money into less-risky bonds and sending the Dow Jones Industrial Average down in its worst slide in point terms since the aftermath of the September 11, 2001 attacks.

"The real question is whether New York will be able to rebound tonight. If it doesn't, investors are going to start looking for the reasons behind all this selling," said Tatsutyuki Kawasaki, director of equities trading at Kaneyama Securities.

In Europe, traders expected London's FTSE 100 to open 1.4 percent lower, with Germany's DAX seen dropping 1.9 percent and France's CAC 40 1.6 percent.

Worried Chinese investors flocked to brokerages on Wednesday, even as Shanghai's main index rose more than 4 percent in late session trade after opening 1.34 percent lower.

"Yesterday, I lost over 10,000 yuan ($1,290)," said a 37-year-old former company driver in Shanghai surnamed Li. "If this trend continues, I'll sell all my shares at the end of the year."

Other Asian indexes mirrored the US decline, with Hong Kong's Hang Seng Index down 2.1 percent and the H-share index of Chinese shares listed in Hong Kong off 3 percent well above earlier lows.

Japan's Nikkei average lost 2.9 percent, Australia's benchmark S&P/ASX 200 index fell 2.7 percent and Seoul's KOSPI shed 2.6 percent. Indian stocks trimmed early losses and the BSE index was down about 2 percent.

"It's wrong to see this as a buying opportunity. Stock markets could fall more even if Chinese shares are rebounding. The aversion to risk that is pounding global markets is not going to disappear overnight," said Chung Kyun-sik, chief investment officer at Uris Investment Advisors in Seoul.

Asian credits recovered after an initial sell-off, but were still weaker.

US crude oil dropped more than 1 percent, while spot gold fell to its lowest level in a week before rebounding.

US stock index futures signaled a slightly higher opening on Wednesday as markets appeared ready to shake off declines. Standard & Poor's 500 Index futures were up 2.7 points, while Dow Jones industrial average futures were 17 points higher and Nasdaq 100 futures were unchanged.

MSCI's measure of Asia Pacific stocks fell as much as 3.5 percent, suffering its biggest drop since June 2006, before recovering to somewhat to be off by 2.86 percent. The index hit a record high earlier this week.

Most markets in Southeast Asia saw their biggest one-day drops since the aftermath of the 9/11 attacks, with Singapore's Straits Times Index falling almost 6 percent before halving those losses at midafternoon.

"I honestly think it's a tad of an overreaction to China and a tad of an overreaction to what happened to the US durable goods orders," said Hans Kunnen, head of investment market research at Colonial First State in Sydney.

"The global economic environment is still relatively firm, as we've seen in our own reporting season, corporate earnings are strong...and many people will see this as a buying opportunity."

Yen surges
Fears of rising volatility in financial markets prompted investors to buy yen as they unwound risky so-called carry trades that had involved borrowing in the Japanese currency.

The yen logged its biggest daily jump against the dollar in a year on Tuesday before retreating slightly on Wednesday.

Carry trades involve borrowing in a low-yielding currency -- for instance, Japanese interest rates are 0.5 percent -- and using the funds to invest in a higher-yielding currency. As traders have closed out trades in the higher-yielding markets, they have bought back yen to pay off the original borrowings.

Traders said Japanese importers and foreign investors took advantage of the yen's recent gains to repatriate funds, giving the dollar a mild boost on Wednesday.

Many in the market had warned that global investors were inadequately pricing in risk. Before this week, emerging market bond spreads, which measure the gap against ultra-safe US Treasuries, were at record lows. In other words, investors were not demanding a hefty yield premium even for such risky assets.

US Treasuries fell in Asia on Wednesday as market players sought to lock in profits on the market's big gains a day earlier when the plunge in global stocks sent investors fleeing to safe-haven government bonds.

"It will be a temporary increase in risk aversion -- we will see a correction and it may last for a very short period. We look at it as a good opportunity to reload on the high-yield universe in Asia," said Scott Wilson, sovereign credit analyst at UBS.

Emerging debt spreads widen
Emerging debt yield spreads over US Treasuries, as measured by the benchmark JP Morgan reached an all-time low of 164 basis points last Thursday. Overnight the index widened as much as 23 basis points to a 12-week high of 195 basis points. Currently it is off that high at 186 bps.

Philippine five-year credit default swaps (CDS) -- insurance-like contracts that protect against defaults and restructuring -- recovered to 127/133 basis points (bps) after widening to as much as 140 basis points.

That compared with 125 bps overnight in New York. In Asian trade on Tuesday it had traded at 112 bps.

"After the sell-off I would still prefer high grade over high yield as high yield credits have tightened a lot. I would prefer sovereign names over corporates," said Rachana Mehta, portfolio manager with DBS Asset Management.

On Tuesday, Chinese stocks plunged nearly 9 percent, erasing about $140 billion of value in their biggest fall for a decade, amid fears that authorities would crack down on the speculation that had driven shares to record highs.

The tumble came a day after the main index jumped to an all-time high, bringing its gains for this year to 14 percent. The market soared 130 percent last year, making it the world's best-performing major market.

sandrn

February 28th, 2007, 06:32 PM

Bourse not spared from global sell-off
Analysts say stay the course, don’t panic
http://www.bworldonline.com/BW030107/content.php?id=001
A SHARP FALL in China’s Shanghai exchange on Tuesday triggered a global stock market rout that swept to the US, Europe and back to Asia, and in the Philippines led to the benchmark index’s biggest single-day points loss since 1990.
Local and foreign analysts, however, cautioned against reading too much into yesterday’s fall. Stay the course and don’t panic, fund managers said, as fundamentals such as global growth are still good.
"We saw such a fall in May last year, we saw it in April 2005. It’s a seasonal theme, and if you buy the seasonal theme, you’ll make a lot of money because the fundamentals are good, said Khiem Do, head of Asian multi-assets at Baring Asset Management in Hong Kong.
In Manila, analysts called the plunge a correction, and said it was an opportunity for investors to pick up bargains in the coming days.
The Bangko Sentral ng Pilipinas also said the local bourse’s nearly 8% slide was healthy after its 62% climb over the past 12 months.
"This is something both temporary and a good correction. We had a good run," BSP governor Amando M. Tetangco, Jr. told a management conference. "It’s time we see some correction."
The global sell-off showed China increasingly drives global sentiment, but analysts said investors should be wary of taking cues from a market that remains mostly off-limits to foreigners and is insulated from global factors.
After Shanghai recovered yesterday, Stephen Green, Shanghai-based senior economist at Standard Chartered Bank, said "Yesterday (Tuesday) suggested to some that China’s stock market and the world’s are now fundamentally linked; today’s action pours cold water on that theory."
And with so much money in splashing around in the financial world, economists said it was almost impossible for the rout to end a boom in risky assets.
"The buy-on-dips mentality is going to continue and that is a sign that risk appetite remains intact. This is a small bruise," said Anantha-Nageswaran, head of research at Bank Julius Baer.
The Philippine Stock Exchange benchmark index, however, had its biggest single-day point since February 1990, dropping 7.92% or 263.84 points to 3,067.45. It slid by as much as 10.2% to 2,992.81 in the first half-hour of trading. Yesterday was also the bourse’s biggest percentage loss since January 1998, when it dropped 8.33%.
The broader all-share index also dropped 7.13% or 152.27 points to 1,983.3. Only four companies gained while 159 declined and six remained flat. Net foreign selling reached P1.16 billion.
CORRECTION IN CHINA
Analysts said global markets followed a sudden correction in Chinese share prices on reports of a potential government crackdown on fraudulent stock market practices.
"A special task force was formed in China to investigate cases of illegal share offerings that had been pulling up the market. The stock market fell in reaction, and Wall Street and other bourses followed," said Grace Crisostomo-Cerdenia, chief operating officer of stock portal 2TradeAsia.
On Tuesday, the Shanghai Stock Exchange composite index fell 8.9% while the New York Stock Exchange composite index fell 3.63%. Shanghai regained some of its losses yesterday with a 3.94% increase to 2,881.07.
Jose B. Vistan, Jr. of brokerage AB Capital Securities, Inc. said the sharp drop in the local bourse was partly due to its overbought condition.
"We were a bit more aggressive on the selling side because we were one of the best-performing markets, and were overdue for a correction. This is a welcome development, and takes away some of the excess exuberance we’ve seen since October last year."
Meanwhile, Francis Lim, president and chief executive of the Philippine Stock Exchange (PSE), said the movement did not reflect an inherent weakness in the Philippine market.
"I’d like to emphasize that the underlying concerns that triggered the jolt in China are internal to that country ... The PSE, along with the Securities and Exchange Commission, has long ago put in place measure to discourage fraudulent stock trading practices and to block the listing of dubious stocks."
He said the market continued to have strong fundamentals such as solid gross domestic product (GDP) growth and stable interest rates.
Ms. Cerdenia said investors would monitor the performance of stock markets in China and the US before acting today.
"We’ll still depend on Wall Street’s movement, while Wall Street will move according to the Shanghai and Shenzhen bourses. Some people will check on prospective bargain-hunting. Some fund managers will steer clear of the market for now until the dust settles, but eventually, investors will look at the economic fundamentals of individual markets, and that will be the judge of how quickly they recover."
She added that investors would also watch for factors such as rising crude oil prices and geopolitical developments to decide when to return.
BOUNCE BACK
Mr. Vistan said the local bourse was in good shape to bounce back from yesterday’s losses.
"The market often reacts to a drop in the Dow Jones, so we’re used to it. The last time the market went down this much was after 9/11. But our economic fundamentals were not as good back then, we’re in a much better position now to recover. I think the correction could last for the rest of the week and even longer, but investors will come back to the market, they’re just taking some money off the table to be safe."
He pegged the market’s support level at 3,000.
Some analysts said the market’s decline wasn’t as sharp as initially expected.
"It wasn’t as bad as I thought, and I’m glad the correction happened as early as now while we can still get over it. But it’s not likely to be finished, we’re in the middle of a flux at the moment. The best thing to do is to observe the market from the sidelines for a day or two," said Irving I. Ackerman, president of brokerage I. Ackerman & Co.
Ron Rodrigo, head of research of Unicapital Securities, Inc, said the market could continue declining, though not as sharply as it did yesterday.
"This will be an opportunity for some investors who want to get in the market to enter while prices are cheap. The market’s fundamentals are still quite solid, our fiscal is policy good. And the index is still higher than it was at the start of the year," he said.
He also placed the market’s support level at 3,000, with a resistance level of 3,300. The composite index ended 2006 at 2, 982.54.
Share prices in the 20 most actively traded companies dropped yesterday. Index heavyweight Philippine Long Distance Telephone Co. shed P230 to P2,320, while Globe Telecom, Inc. fell P80 to settle at P1,295.
All indexes fell at yesterday’s trading, with the mining and oil index posting the largest drop of 11.22% or 618.06 points to 4,892.6. The property index followed with an 8.7% or 129.74 point decline to 1,360.79. The service index moved down 8.34% or 129.61 points to 1,424.22. Holding firms dropped 7.66% or 152.13 points to 1,833.02. Financial companies shed 6.46% or 61.86 points to 895.02 . Industrial firms lost 5.76% or 259.06 points to 4,236.45.
The PSE was the biggest loser among Southeast Asian indexes, which suffered their biggest one-day declines since the aftermath of the Sept. 11, 2001 attacks. The PSE said the 263.84 point drop was the biggest point loss since 1990, when it adopted a new method of measuring price movements.
The market had been hovering close to 10-year highs earlier this month and, after years as the regional laggard, has been on an upward march for eight months due to improved government finances and political calm.
BSP INTERVENTION?
The Bangko Sentral’s Mr. Tetangco declined to comment directly on market talk the central bank had intervened to push the peso off its lows by selling dollars.
"We allow the exchange rate to be determined by market forces but the central bank can opt to participate in the market to smoothen volatility, that’s our policy," he told reporters.
The peso yesterday fell to a three-week low versus the dollar, closing at P48.54, 16 centavos off Tuesday’s finish.
President Gloria Macapagal Arroyo, meanwhile, shrugged of the global market plunge, saying she expects the local bourse to remain resilient.
"Our economy continues to grow and it will continue to grow," Mrs. Arroyo told reporters yesterday.
"Now the whole world has collapsed, of course our stock market is also affected but the important thing is that we continue to grow," she stressed.
Mrs. Arroyo pointed out that many of the country’s growth drivers - she cited business process outsourcing - are not listed, therefore don’t rely on the stock market for their capital.
"In fact one of the problems of our stock market is very few companies are listed," she remarked. — Allan E. Lalisan with reports from Reuters and Josefa L. Cagoco

tyronne

February 28th, 2007, 10:34 PM

Grabe yung impact ng happenings sa China 'no? Totoo rin kaya yung sabi nila na pag lahat ng tao sa China sabay-sabay tatalon eh magkakalindol? O di kaya'y sabay-sabay silang iihi eh babaha? :lol:

crappypants

March 1st, 2007, 12:20 AM

totoo yan. how a small fry one must feel living in China. imagine you are stacked againts one and 1/4 billion people. and they all look alike. No wonder they're industrious imagine the competition.

Lili

March 1st, 2007, 12:34 AM

Grabe yung impact ng happenings sa China 'no? Totoo rin kaya yung sabi nila na pag lahat ng tao sa China sabay-sabay tatalon eh magkakalindol? O di kaya'y sabay-sabay silang iihi eh babaha? :lol:

Eh bakit sabi ni @ProblemSolver mas malakas na economiya ng China. Lagot ang US dollar. But it did have worldwide impact.

-TC-

March 1st, 2007, 03:02 AM

Eh bakit sabi ni @ProblemSolver mas malakas na economiya ng China. Lagot ang US dollar. But it did have worldwide impact.

This is actually proof that China is already an economic superpower that its stock market fall triggered a worldwide sell-off. Note that China's major indices doubled last year (+200%) and was going up another 13% in the last few days when rumors spread on Tuesday that its government will investigate and crackdown on all unscrupulous trades (if any) in an effort to cool the market down.

Anyway, China's markets regained half of what was lost yesterday. The DJIA recovered last night and the PSEi was up by more than 145 pts (+4.22%) in early trade today. :)

Lili

March 1st, 2007, 03:07 AM

^ Whew... that got investors reeling.

crappypants

March 1st, 2007, 03:16 AM

who hoo thankgod the market rebounded. I made a little money.

-TC-

March 1st, 2007, 03:26 AM

who hoo thankgod the market rebounded. I made a little money.

I assume you braved the bloodbath and got in yesterday. Congrats to you. :cheers: Please just know that markets will still be choppy in the next few days. Don't get whipsawed by the market. Try to wait for a new trend to be set again by the end of this week. In the meantime, buy if you must (only if you're a contrarian) although I hope you won't overdo it just yet.

smokingunmanila

March 1st, 2007, 03:49 AM

actually you can make money on panic selling...if the price drops at 15% ..start buying..then..after it gains 10% after recovery..try selling..intraday so less commissions and taxes...hindi lang ako nagising ng maaga...sayang...

-TC-

March 1st, 2007, 04:03 AM

It's a 20/20 hindsight to say that "I should have bought at the bottom" or "I should have bought Meralco B at 47.50 (it closed at 71)".

Who knows what the bottom was yesterday? Basta I have learned since my old stockbroker days and years in that profession to never catch a falling knife and never ride a dead cat bounce. Yes, I agree that we still are in a bull market so it will likely recover but it's never wrong to buy stocks on their way up than on their way down. Again who knows what the bottom was?

IsaRic

March 1st, 2007, 04:22 AM

DAMN!

crappypants

March 1st, 2007, 05:44 AM

yeah i kind of took a risk who knows where the bottom is in cases like that. But i knew somehow that the economy is solid so there would really be no reason for further decline in the market.

queetz@home

March 1st, 2007, 05:58 AM

Well, it looks like the PSE recovered approximately just over half. I just hope it recovers in the next day or so.

beads_strawberries

March 1st, 2007, 08:20 AM

It is really not that bad when you step back and look at it from a big picture kind of way.

The Philippine market has gained 62% over the year and dropped 7% yesterday. In comparisonThe U.S. market gained 16-18% during the same time and dropped 4%. The higher you rise, the farther you fall. Overall, the investor is still ahead.

That's why even if we lose a little; we still have something to make up for it. As they say, shoot for the moon. Even if you miss it, you'll land among the stars. The economy is on the rise for quite some time already. Circumstances like this could have an effect, but we'll likely to recover. I

Deals like these are usual for those in the business sector, anyway.

Sinjin P.

March 1st, 2007, 10:25 AM

HOW IS THE PESO?

1st Quarter

WEEK 1:

January 2, 2007 P48.92 (UP P0.11)
January 3, 2007 P48.88 (UP P0.04)
January 4, 2007 P48.83 (UP P0.05)
January 5, 2007 P48.84 (DOWN P0.01)

WEEK 2:

January 8, 2007 P48.835 (UP P0.005)
January 9, 2007 P48.66 (UP P0.175)
January 10, 2007 P48.91 (DOWN P0.25)
January 11, 2007 P49.03 (DOWN P0.12)
January 12, 2007 P49.015 (UP P0.015)

WEEK 3:
January 15, 2007 P48.86 (UP P0.155)
January 16, 2007 P48.725 (UP P0.135)
January 17, 2007 P48.85 (DOWN P0.125)
January 18, 2007 P48.79 (UP P0.06)
January 19, 2007 P48.895 (DOWN P0.105)

WEEK 4:
January 22, 2007 P49.03 (DOWN P0.135)
January 23, 2007 P48.93 (UP P0.10)
January 24, 2007 P48.84 (UP P0.09)
January 25, 2007 P48.95 (DOWN P0.11)
January 26, 2007 P49.09 (DOWN P0.14)

WEEK 5:
January 29, 2007 P49.13 (DOWN P0.14)
January 30, 2007 P48.955 (UP P0.175)
January 31, 2007 P48.90 (UP P0.055)
February 1, 2007 P48.735 (UP P0.165)
February 2, 2007 [P48.71 (UP P0.025)

WEEK 6:
February 5, 2007 P48.67 (UP P0.04)
February 6, 2007 P48.505 (UP P0.165)
February 7, 2007 P48.355 (UP P0.15)
February 8, 2007 P48.39 (DOWN P0.035)
February 9, 2007 P48.305 (UP P0.085)

WEEK 7:
February 12, 2007 P48.365 (DOWN P0.06)
February 13, 2007 P48.50 (DOWN P0.135)
February 14, 2007 P48.385 (UP P0.115)
February 15, 2007 P48.25 (UP P0.135)
February 16, 2007 P48.10 (UP P0.15)

WEEK 8:

February 19, 2007 P48.10 (=)
February 20, 2007 P48.05 (UP P0.05)
February 21, 2007 P48.125 (DOWN P0.075)
February 22, 2007 P48.30 (DOWN P0.175)
February 23, 2007 P48.155 (UP P0.145)

WEEK 9:

February 26, 2007 P48.245 (DOWN P0.09)
February 27, 2007 P48.38 (DOWN P0.135)
February 28, 2007 P48.54 (DOWN P0.16)
[B]March 1, 2007 P48.59 (DOWN P0.05)

The trend: UP (24); DOWN (18); = (1)

HOW IS THE PHILIPPINE STOCK EXCHANGE?

1st Quarter

WEEK 1:

January 2, 2007 2,976.85 (DOWN 5.69)
January 3, 2007 3,020.70 (UP 43.85)
January 4, 2007 3012.74 (DOWN 7.96)
January 5, 2007 2,996.39 (DOWN 16.35)

WEEK 2:

January 8, 2007 2,952.32 (DOWN 44.07)
January 9, 2007 2,972.32 (UP 20.00)
January 10, 2007 2,951.08 (DOWN 21.24)
January 11, 2007 2,940.16 (DOWN 10.92)
January 12, 2007 2,992.33 (UP 52.17)

WEEK 3:

January 15, 2007 3,019.06 (UP 26.73)
January 16, 2007 3,070.29 (UP 51.23)
January 17, 2007 3,041.56 (DOWN 28.73)
January 18, 2007 3,081.73 (UP 40.17)
January 19, 2007 3,085.18 (UP 3.45)

WEEK 4:
January 22, 2007 3,141.28 (UP 56.10)
January 23, 2007 3,199.34 (UP 58.06)
January 24, 2007 3,244.75 (UP 45.41)
January 25, 2007 3,275.19 (UP 30.44)
January 26, 2007 3,162.82 (DOWN 112.37)

WEEK 5:
January 29, 2007 3,177.36 (UP 14.54)
January 30, 2007 3,196.66 (UP 19.30)
January 31, 2007 3,239.27 (UP 42.61)
February 1, 2007 3,245.26 (UP 5.99)
February 2, 2007 3,269.18 (UP 23.92)

WEEK 6:
February 5, 2007 3,281.90 (UP 12.72)
February 6, 2007 3,271.97 (DOWN 9.93)
February 7, 2007 3232.39 (DOWN 39.58)
February 8, 2007 3,196.08 (DOWN 36.31)
February 9, 2007 3,245.81 (UP 49.73)

WEEK 7:
February 12, 2007 3,234.16 (DOWN 11.65)
February 13, 2007 3,233.91 (DOWN 0.25)
February 14, 2007 3,300.94 (UP 67.03)
February 15, 2007 3,379.37 (UP 78.43)
February 16, 2007 3,333.56 (DOWN 45.81)

WEEK 8:

February 19, 2007 3,329.03 (DOWN 4.53)
February 20, 2007 3,375.31 (UP 46.28)
February 21, 2007 3,378.92 (UP 3.61)
February 22, 2007 3,365.53 (DOWN 13.39)
February 23, 2007 3,389.37 (UP 23.84)

WEEK 9:

February 26, 2007 3,380.00 (DOWN 9.37)
February 27, 2007 3,331.29 (DOWN 48.71)
February 28, 2007 3,067.45 (DOWN 263.84)
March 1, 2007 3,190.12 (UP 122.67)

The trend: UP (24); DOWN (19); = (0)

tyronne

March 1st, 2007, 10:31 AM

Just a suggestion, Sinjin. Why not use the color Blue when the Peso/Index is up and the color Red when it's down?

jgacis

March 1st, 2007, 10:34 AM

^^ That does follow general accounting practices. Red for a loss.

tyronne

March 1st, 2007, 10:37 AM

^^Correct. At kung gusto mo pa Sinjin, i-double rule mo yung final amount para malaman namin na yun ang final answer hahaha! Ano ba yan, nanumbalik ang Accounting lessons hehe:lol:

Sinjin P.

March 1st, 2007, 10:41 AM

^ Noted (post #402). Hahahaha, accounting rocks, di ko pa nakalilimutan ang daming arte, ang daming sheets, ang daming guidelines :lol:

tyronne

March 1st, 2007, 10:45 AM

OT: Oh, do you have accounting subjects in high school now?

Sinjin P.

March 1st, 2007, 10:49 AM

^ Yeah, entrepreneurship on 2nd year, then accounting on 3rd year, economics on 4th year :yes:

tyronne

March 1st, 2007, 10:54 AM

Galing naman. Kami non wala eh. Ok, salamat:)

leii_tomo

March 1st, 2007, 11:52 AM

ako accountancy grad pero i dont like accounting...lumipat nga ako ng school kasi di ako umabot sa cut off grade sa accounting, pero tinapos ko accountancy for the sole purpose na makapag work ako sa bank,and true nakapag work nga ako sa bank knowing lahat ng pinagaralan ko sa college with accounting parang wala ring silbe...

FrancisXavier

March 1st, 2007, 03:45 PM

LOLS, those accounting subjects in highschool..:mad:

ravenhawk

March 1st, 2007, 04:12 PM

Nyeta I lost a lot of equities yesterday,buti na lang they rebounded today ang prinoproblema ko na lng is my trustfunds kasi mukhang magmamature sila on the date that I was expecting the "second coming" of corrections will come, basing on how markets work,I belive the market will dip into another correction probably hitting 2'800 level,before stabilizing at 3'100 level during the elections,though thats my technical analysis only and doesnt consider fundamentals so the error margins might be around 100pts, I dont know guys about accounting much cause I used to look at my accounting teachers' cleavege that listen to what she teach,So most of my analysis came about by using algebra,physics,and the ever PRESENT FIBONACCI SEQUENCE.
GOD BLESS OUR ECONOMY!!!!!
Quote:
Originally Posted by Lili
Eh bakit sabi ni @ProblemSolver mas malakas na economiya ng China. Lagot ang US dollar. But it did have worldwide impact.

This is actually proof that China is already an economic superpower that its stock market fall triggered a worldwide sell-off. Note that China's major indices doubled last year (+200%) and was going up another 13% in the last few days when rumors spread on Tuesday that its government will investigate and crackdown on all unscrupulous trades (if any) in an effort to cool the market down.

Anyway, China's markets regained half of what was lost yesterday. The DJIA recovered last night and the PSEi was up by more than 145 pts (+4.22%) in early trade today.

This is a reality that everyone must face,America no longer olds the global economy,China now has a $1 Trillion dollars of reserves,around twise the
GNP of Australia and thats a force to be reconned with,historically speaking this shifting of economic wealth and power had happened last 1987,when Japans' economy was larger than that of Western Europe Combined nor of USA. There was series of big booms in global bourses then a big downfall!!!
Hopefully since our country have cleaner books than ever before we could come up with a better plan on how to reduce the shock into our economy.

Askal82

March 2nd, 2007, 12:42 AM

^ Noted (post #402). Hahahaha, accounting rocks, di ko pa nakalilimutan ang daming arte, ang daming sheets, ang daming guidelines :lol:

You've only seen the tip of the iceberg. If you're planning to major in accounting, prepare yourself for a brain bloodbath because the bulk of those subjects require heavy analyses and dead serious studies. The mortality rate on the CPA (Certified Public Accounting) exams is usually around 85% - 90% so that means the percentage of passing it is within 10 - 15% range compared to other courses with professional examinations.

Sinjin P.

March 2nd, 2007, 02:52 AM

Nothing to fear from RP stocks tumble, public told

TOP Philippine leaders gave strong assurances to the public on Thursday there is nothing to fear with the near 8-percent tumble in the local bourse, a drop resulting from the shockwaves around the world when on Tuesday, China suffered its worst one-day plunge in a decade, setting off a tumult that rocked markets around the globe.

Socioeconomic Planning Secretary Romulo Neri on Thursday played down the local market drop, the biggest in nine years and the furthest plunge in Asian markets that day, describing the phenomenon “a temporary aberration amidst an environment of bullish fundamentals.”

The Philippine Stock Exchange index on Wednesday gave up 7.93 percent or 263.84 points to 3,067.45 taking cues from the global sell-off touched by Tuesday’s mini crash at the Shanghai Stock Exchange.

President Arroyo said, “The world markets may go up and down, but the Philippine economy can no longer be pulled back...We have a solid picture of economic stability relatively impervious to the vagaries and glitches in the world economy.”

She added the country’s “fundamentals are rooted well and spread over a wide range and cannot be overcome easily in a single sweep.”

Known market player and former Trade Secretary Sen. Mar Roxas also said there is no need to panic over the stock market slide and predicted it will have little impact on the economy.

He said the sudden market twinge could be traced to the fragile nature of financial markets that “do not necessarily follow the fundamentals of the economy, but only short-term investment sentiments.”

Global markets, he added, are largely interconnected and vulnerable to external factors, such as speculations about a slowdown in the US economy or new government policies that affect financial markets in other countries.

Neri said, “The [local market] drop is actually more of an over-reaction and a tolerable correction in the general trend of a bull run: Philippine stocks in 2006 gained an average of 42-percent profit.”

He corroborated the President, saying the local economy remains supported by strong fundamentals that are enough to withstand the transfer of hot money out of the country. “The Philippine economy enjoys strong fundamentals. GDP [gross domestic product] growth in 2006 was a robust 5.4 percent . . . OFW inflows are at an all-time high of $12.8 billion [in 2006], rising by 19 percent from the previous year.”

The other fundamentals include better investment levels, record level foreign exchange reserves, and the continued strength of the peso.

Analysts and stock market observers said bullish interest in the stock exchange is back after a nervous reaction on Wednesday. The PSEi closed 3.99 percent higher to 3,190.12 points.

Roxas reported that economists and market analysts have considered Wednesday’s plunge as a correction, which followed a steep decline in Chinese share prices on reports of a potential government crackdown on fraudulent stock market practices. “Correction,” in stock market language, means a temporary decrease in a “bull market,” or a consistently growing market.

President Arroyo said that on top of the country’s economic resiliency, one should also consider “the resiliency of the whole region, including China, in making a rapid comeback from the most recent drop in the bourse. . .East Asia is a dynamo of growth and will continue to be a leader in trade, security and economic consolidation. Confidence in the Philippines and in the region is unsullied. Sustained growth will carry the day.” (R. Balaba, B. Fernandez, M. Gonzalez)

jgacis

March 2nd, 2007, 03:56 AM

From the Manila Times:

Peso to climb further to 47 against dollar — Bear Stearns
By Eileen A. Mencias

Bear Stearns and Co. Inc. said the peso could strengthen between 47 and 48 against the US dollar by June this year, despite the easing of regulations on foreign exchange, and may even climb further to 45 to 46 over the next few years.

“Some market observers believe that the new regulations could temporarily weaken the peso… while this could happen over the next one or two months, we believe that the peso will resume its march toward stronger levels by mid-year, perhaps ending up somewhere between 47 and 48 to the dollar by the end of June,” Bear Stearns said in weekly journal dated Feb. 23.

Bear Stearns said the peso had been the best-performing currency in Asia, strengthening by 6.3 percent in the last six months.

It said “the peso has actually lagged other currencies such as the Korean won and the Thai baht which are moving closer to their pre-1997 levels.”

Bear Stearns said it predicted a further rise of the peso based on heavy foreign exchange inflows last year that resulted in a balance of payments position of $3.7 billion.

The peso had weakened although it was at parity with the Thai baht in 2000 to 2001. Bear Stearns said “the baht maybe somewhat overbought due to the collapse of import demand over the last year but we see the peso strengthening over the next several years, perhaps to levels at least as high as 45 to 46.”

Bear Stearns said the decision of the Bangko Sentral ng Pilipinas to allow banks and individuals to hold more dollars and allow local companies to make more overseas investments was aimed at slowing the peso’s appreciation.

The central bank announced last week the changes in its foreign exchange regulatory framework that will take effect on April 2.

It raised the overbought limit to 20 percent of a bank’s unimpaired capital or $50 million, whichever is less. The overbought limit refers to the amount of foreign exchange that banks are allowed to buy for themselves.

The central bank also re-introduced the oversold limit, or the amount of foreign exchange that banks can sell. It pegged the oversold limit to 20 percent or $50 million.

Market observers said the relaxation on foreign exchange regulations would initially weaken the peso but fundamentals pointed to a continued appreciation.

The central bank, in addition, will allow individuals to buy up to $10,000 without documentation. Individuals are currently allowed to buy $5,000 every 15 days without documentation.

Companies will also be allowed to invest as much as $12 million offshore without the central bank’s approval. They are currently permitted to take out only $6 million without go-signal from the central bank.

beads_strawberries

March 2nd, 2007, 07:00 AM

As per the news today, stocks rebounded after suffering from a heavy sell-off triggered by losses in China and the US.

I guess this just shows that we have a relatively stable market. Otherwise, it will be difficult for us to recover from the loss. Fortunately, we have been moving forward in the past that the loss yesterday will not bring us down that much.

heathcliff

March 2nd, 2007, 08:09 AM

You've only seen the tip of the iceberg. If you're planning to major in accounting, prepare yourself for a brain bloodbath because the bulk of those subjects require heavy analyses and dead serious studies. The mortality rate on the CPA (Certified Public Accounting) exams is usually around 85% - 90% so that means the percentage of passing it is within 10 - 15% range compared to other courses with professional examinations.

Haha..naalala ko tuloy nung college, I was taking up accountancy and would fall asleep listening to our professor drone on about Cost Accounting. I couldn't make heads or tails of it if I tried. Thus my Waterloo. :nuts:

Sinjin P.

March 2nd, 2007, 10:32 AM

HOW IS THE PESO?

1st Quarter

WEEK 1:

January 2, 2007 P48.92 (UP P0.11)
January 3, 2007 P48.88 (UP P0.04)
January 4, 2007 P48.83 (UP P0.05)
January 5, 2007 P48.84 (DOWN P0.01)

WEEK 2:

January 8, 2007 P48.835 (UP P0.005)
January 9, 2007 P48.66 (UP P0.175)
January 10, 2007 P48.91 (DOWN P0.25)
January 11, 2007 P49.03 (DOWN P0.12)
January 12, 2007 P49.015 (UP P0.015)

WEEK 3:
January 15, 2007 P48.86 (UP P0.155)
January 16, 2007 P48.725 (UP P0.135)
January 17, 2007 P48.85 (DOWN P0.125)
January 18, 2007 P48.79 (UP P0.06)
January 19, 2007 P48.895 (DOWN P0.105)

WEEK 4:
January 22, 2007 P49.03 (DOWN P0.135)
January 23, 2007 P48.93 (UP P0.10)
January 24, 2007 P48.84 (UP P0.09)
January 25, 2007 P48.95 (DOWN P0.11)
January 26, 2007 P49.09 (DOWN P0.14)

WEEK 5:
January 29, 2007 P49.13 (DOWN P0.14)
January 30, 2007 P48.955 (UP P0.175)
January 31, 2007 P48.90 (UP P0.055)
February 1, 2007 P48.735 (UP P0.165)
February 2, 2007 [P48.71 (UP P0.025)

WEEK 6:
February 5, 2007 P48.67 (UP P0.04)
February 6, 2007 P48.505 (UP P0.165)
February 7, 2007 P48.355 (UP P0.15)
February 8, 2007 P48.39 (DOWN P0.035)
February 9, 2007 P48.305 (UP P0.085)

WEEK 7:
February 12, 2007 P48.365 (DOWN P0.06)
February 13, 2007 P48.50 (DOWN P0.135)
February 14, 2007 P48.385 (UP P0.115)
February 15, 2007 P48.25 (UP P0.135)
February 16, 2007 P48.10 (UP P0.15)

WEEK 8:

February 19, 2007 P48.10 (=)
February 20, 2007 P48.05 (UP P0.05)
February 21, 2007 P48.125 (DOWN P0.075)
February 22, 2007 P48.30 (DOWN P0.175)
February 23, 2007 P48.155 (UP P0.145)

WEEK 9:

February 26, 2007 P48.245 (DOWN P0.09)
February 27, 2007 P48.38 (DOWN P0.135)
February 28, 2007 P48.54 (DOWN P0.16)
March 1, 2007 P48.59 (DOWN P0.05)
[B]March 2, 2007 P48.715 (DOWN P0.125)

The trend: UP (24); DOWN (19); = (1)

HOW IS THE PHILIPPINE STOCK EXCHANGE?

1st Quarter

WEEK 1:

January 2, 2007 2,976.85 (DOWN 5.69)
January 3, 2007 3,020.70 (UP 43.85)
January 4, 2007 3012.74 (DOWN 7.96)
January 5, 2007 2,996.39 (DOWN 16.35)

WEEK 2:

January 8, 2007 2,952.32 (DOWN 44.07)
January 9, 2007 2,972.32 (UP 20.00)
January 10, 2007 2,951.08 (DOWN 21.24)
January 11, 2007 2,940.16 (DOWN 10.92)
January 12, 2007 2,992.33 (UP 52.17)

WEEK 3:

January 15, 2007 3,019.06 (UP 26.73)
January 16, 2007 3,070.29 (UP 51.23)
January 17, 2007 3,041.56 (DOWN 28.73)
January 18, 2007 3,081.73 (UP 40.17)
January 19, 2007 3,085.18 (UP 3.45)

WEEK 4:
January 22, 2007 3,141.28 (UP 56.10)
January 23, 2007 3,199.34 (UP 58.06)
January 24, 2007 3,244.75 (UP 45.41)
January 25, 2007 3,275.19 (UP 30.44)
January 26, 2007 3,162.82 (DOWN 112.37)

WEEK 5:
January 29, 2007 3,177.36 (UP 14.54)
January 30, 2007 3,196.66 (UP 19.30)
January 31, 2007 3,239.27 (UP 42.61)
February 1, 2007 3,245.26 (UP 5.99)
February 2, 2007 3,269.18 (UP 23.92)

WEEK 6:
February 5, 2007 3,281.90 (UP 12.72)
February 6, 2007 3,271.97 (DOWN 9.93)
February 7, 2007 3232.39 (DOWN 39.58)
February 8, 2007 3,196.08 (DOWN 36.31)
February 9, 2007 3,245.81 (UP 49.73)

WEEK 7:
February 12, 2007 3,234.16 (DOWN 11.65)
February 13, 2007 3,233.91 (DOWN 0.25)
February 14, 2007 3,300.94 (UP 67.03)
February 15, 2007 3,379.37 (UP 78.43)
February 16, 2007 3,333.56 (DOWN 45.81)

WEEK 8:

February 19, 2007 3,329.03 (DOWN 4.53)
February 20, 2007 3,375.31 (UP 46.28)
February 21, 2007 3,378.92 (UP 3.61)
February 22, 2007 3,365.53 (DOWN 13.39)
February 23, 2007 3,389.37 (UP 23.84)

WEEK 9:

February 26, 2007 3,380.00 (DOWN 9.37)
February 27, 2007 3,331.29 (DOWN 48.71)
February 28, 2007 3,067.45 (DOWN 263.84)
March 1, 2007 3,190.12 (UP 122.67)
March 2, 2007 3,140.34 (DOWN 49.78)

The trend: UP (24); DOWN (20); = (0)

kevinb

March 2nd, 2007, 11:21 AM

You've only seen the tip of the iceberg. If you're planning to major in accounting, prepare yourself for a brain bloodbath because the bulk of those subjects require heavy analysis and dead serious studies. The mortality rate on the CPA (Certified Public Accounting) exams is usually around 85% - 90% so that means the percentage of passing it is within 10 - 15% range compared to other courses with professional examinations.

True. I've had College Accountancy during high school as elective and that bloody subject almost erased my name in the honor roll! Good thing all other subjects have high marks plus my extra-curricular activities that also helped me in maintining my post. That's how I suffered that subject. And now I'm surprised when a big chunk of my batch mates who also took up the subject were now Accountancy majors! Accountancy nga naman. :ohno:

queetz@home

March 2nd, 2007, 12:29 PM

Aaarrrggghhh!! The markets has not recovered at all!!!! GRRRRR!!!! :mad2:

dive-cebu

March 2nd, 2007, 12:41 PM

^^ in 20 days the most, it will and i hope it really will....

OtAkAw

March 2nd, 2007, 01:26 PM

Well at least it still above the 3,000 level and that's still good.

smokingunmanila

March 2nd, 2007, 04:14 PM

I heard from some sources...that the attack that happened in China was a pilot test from a big fund manager...waiting again to attack some bourses...and make billions of dollars again in just days by short selling shares in major markets.

It might happen this year...between July - september...just be careful with your stocks ...

garzland

March 3rd, 2007, 01:25 AM

Aaarrrggghhh!! The markets has not recovered at all!!!! GRRRRR!!!! :mad2:

at least it recovered by more than 100 points last thursday

queetz@home

March 3rd, 2007, 02:59 AM

^^ But still lost almost 50 points on Friday!!! :rant:

smokingunmanila

March 3rd, 2007, 03:53 AM

@queetz...I think...since the government is also active in trading like the GSIS, SSS, and other private corporation wherein the government has ownersip, they will try to protect the PSIX for it's good image for the election.

This is just my assumption...plus the fact that the Philippine index is still cheap at the moment with the P48 dollar exchange rate.

kiretoce

March 3rd, 2007, 05:12 AM

14 companies eyeing IPO
By Jenniffer B. Austria

At least 14 companies are preparing to go public between 2007 and 2010 to take advantage of the booming stock market, the Association of Securities Analysts in the Philippines said yesterday.

ASAP director Astro del Castillo said in a press briefing that majority of these companies planned to conduct an initial public offering this year and the next.

Among them are Phoenix Petroleum Philippines Inc., Pikeville Resources Inc., National Reinsurance Corp. of the Philippines, STI Group, Yehey Inc., BayanTrade, Intelligent Wave Land Holdings Inc., Figaro Coffee, GMA Network Inc., Cebu Pacific Air Inc., Enerfuse Holdings Inc. and Seaoil Philippines Corp.

Pikeville, Pacific Online and Phoenix Petroleum have filed applications with the Securities and Exchange Commission and the Philippine Stock Exchange to go public.

Pacific Online, the exclusive online lottery system provider of state-owned Philippine Charity Sweepstakes Office in Visayas and Mindanao, expects to generate as much as P250 million in proceeds from the public offering while Phoenix Petroleum plans to raise up to P288 million from 36.25 million common shares.

Broadcasting company GMA Network, which has been planning to go public for the past few years, is reportedly planning to file a similar application after the May elections.

Del Castillo said now was the right time for companies to conduct IPOs because of the market’s upward momentum.

“If we follow the six-year cycle, this bull market environment is expected to last until 2010,” Del Castillo said.

He said the next bull run in the stock market would likely take place in 2015.

Del Castillo said the upcoming IPOs would further boost liquidity in the stock market.

PSE president Francis Lim, meanwhile, said companies that have expressed interest to have their shares listed in the stock market had not wavered in their decision despite the steep decline in the stock market Tuesday.

“I have not received calls from them. They have not expressed intention to postpone or defer their plans to go public and I also don’t expect them to do so,” Lim said.

The index plummeted 263.84 points or 7.9 percent on Tuesday in a sharp reaction to falling Asian markets. It was the biggest single-day drop since Aug. 28, 1997, at the height of the Asian financial crisis.

The market yesterday recovered more than half of what it lost when the 30-company composite index gained 122.67 points or 4 percent to close at 3,190.12.

Ady001

March 3rd, 2007, 03:20 PM

^^ Dapat may stocks na din ang SSC sa stock...

But the 300 crash was staggering... I mean, I really got shocked. A repeat of the Financial Crisis could happen.

queetz@home

March 3rd, 2007, 08:12 PM

portludlow

March 4th, 2007, 05:37 AM

^^ Queetz, you can still buy RLC through Meralco, Benpress Holdings and First Philippine Holdings Corporation (FPHC). I am not sure if they will spin it as a separate company though. :)

IsaRic

March 4th, 2007, 06:27 AM

can anyone explain why market is closed during weekends?

queetz@home

March 4th, 2007, 09:10 AM

^^ Queetz, you can still buy RLC through Meralco, Benpress Holdings and First Philippine Holdings Corporation (FPHC). I am not sure if they will spin it as a separate company though. :)

Bah! Meralco, Benpress Holdings and First Philippine Holdings did not offer publicly traded shares for the purpose of building a 65 storey skyscraper, as well as other little buildings on the side. Why bother with them? Besides, I already have Meralco shares...

smokingunmanila

March 5th, 2007, 07:38 AM

yung stocks ko....bumagsak....:gunz:

smokingunmanila

March 5th, 2007, 07:42 AM

Sinjin P.

March 5th, 2007, 07:46 AM

RP stocks nearly lose gains for 2007; down 4.5% Monday

The Philippine Stock Exchange composite index dropped 4.54 percent, or 142.46 points, to 2,997.88 points.

http://www.abs-cbnnews.com/storypage.aspx?StoryId=68930

queetz@home

March 5th, 2007, 08:23 AM

^^ Well, the fun is over. It looks like the stock market is heading down and down and down. Why is short selling not allowed in the PSE is beyond me.... :mad2:

queetz@home

March 5th, 2007, 08:39 AM

RP stocks nearly lose gains for 2007; down 4.5% Monday

Philippine stocks fell nearly 5 percent on Monday and almost wiped out gains for the year, as investors continued to scamper for safety after the continued sell-off on Wall Street and in the Tokyo equities market, analysts said.

“Whether or not this will continue, it is hard to say. The Philippine stock market is hostage to what’s happening in overseas markets,” a stock analyst said.

“The current movement is beyond our control. It is early to say what stocks to buy given the current weakness because we have to watch out for factors which are pretty alien to us.”

The Philippine Stock Exchange composite index dropped 4.54 percent, or 142.46 points, to 2,997.88 points. The index hit a low of 2,972.97 in the session, below the PSEi’s closing level of 2,982.54 in 2006.

Losers beat gainers 145 to six and there were 9 stocks unchanged. A total of 9.5 billion shares changed hands valued at P5.2 billion.

The Nikkei average ended the morning session on Monday down 2.2 percent at 16,842.32, nearly 8 percent below a seven-year closing high of 18,215.25 posted on February 26.

The Dow Jones Industrial Index fell 120 points on Friday, capping its worst week in more than four year years.

Among the many explanations for the sharp drop in stock prices worldwide was the investors’ flight from risky assets. Last Tuesday’s nearly 9 percent drop in China’s benchmark index looked like the first signal for alarm.

Index heavyweight Philippine Long Distance Telephone Co. (PLDT), which is due to announce its 2006 earnings report tomorrow, dropped P65, or 2.69 percent, to P2,350.

Second-ranked phone firm Globe Telecom dropped P25 to P1,345.

Ayala Corp., the nation's biggest business group, shed P15 to P545.

Metropolitan Bank and Trust Co. (Metrobank), lost P5 at P56.

SM Investments, parent firm of Banco de Oro and mall operator SM Prime, tumbled P22.5 to P337.50.

Still confident in the Philippines

Stocks analysts, however, remain confident in the fundamentals of the Philippine economy.

Foreign stock brokerage firm Macquarie Research Equities has even raised its target for the index to 3,550-level despite the global sell-off, saying the Philippines' fundamentals remain solid.

"We believe that such a steep decline provides a very good buying opportunity, with the Philippines’ solid fundamentals still very much intact," said Macquarie stock analyst Gilbert Lopez.

"We are raising our index target from 3,050 to 3,550 to reflect the higher target prices of underlying index components during the past two months."

Lopez said there was no change in the Philippines’ very positive macroeconomic picture.

"Politics should remain stable, and the fiscal picture continues to show improvement. Those factors, along with continued robust OFW remittances, declining rates and inflation, should lead to an acceleration in gross domestic product (GDP) growth to 6.5 percent for 2007," he said in his report.

The Philippine economy grew 5.4 percent year-on-year in 2006.

The Macquarie analyst recommended that investors focus on companies in the banking, telecom and consumer sectors.

"They appear to offer the best value outlook and would be beneficiaries of stronger GDP growth. This year, government spending and business expansion should provide an extra boost to the economy, which had been running mostly on personal consumption," he said.

Among his top picks were Banco De Oro Universal Bank, top phone firm PLDT, second-largest phone firm Globe Telecom, Universal Robina Corp., SM Prime Holdings Inc., Bank of the Philippine Islands (BPI), and top lender Metrobank. - with a report from Judith Balea

queetz@home

March 5th, 2007, 08:40 AM

Business (as of 2:01 AM)

Is the bull market over?

PHILEQUITY CORNER
By IGNACIO B. GIMENEZ

From a technical standpoint, the market needs this correction before it resumes its next leg up. While we don’t know how long this consolidation phase will last, the long-term trend remains clearly intact and we therefore view this market pause as an opportunity to buy.

Last week, the market suffered its single biggest one day loss in nine years, prompting the once overzealous investors to experience panic from the otherwise untouchable attitude towards the market. The benchmark Philippine Stock Exchange Index (PSEi) fell as much as 10.1 percent last Feb. 28 before closing the day with a loss of 263 points or 7.9 percent.

Prior to that day, people were more worried about not keeping up with the market or not being able to ride the next high-flyer stock. But now, maybe the mentality has shifted from one of overconfidence and raging appetite to one of cautiousness and capital preservation.

Global sell-off

No market was spared in the global chain reaction that took place last week. The first to fall was China wherein the Shanghai and the Shenzen markets saw losses of 8.8 percent and 9.2 percent, respectively, last Feb. 27. The US markets immediately reacted that night with the Dow Jones Industrial Average plummeted 3.3 percent and the Nasdaq which slumped 3.6 percent. The following day, other Asian markets including the Philippines caught up in the slew of panic.

The following table shows how the US and Asian markets closed the week after the Feb. 27 sell-off. Naturally, the best-performing markets prior to the sell-off (China, Malaysia and the Philippines) were the ones with the biggest percentage pullbacks.

China, at its peak, was already up 46.4 percent since the start of the year. In the case of Malaysia, its stock market has gained 17.2 percent at its peak last week. Meanwhile, the Philippine market was already up 14.6 percent from the start of the year. And this was still on top of a 42.3 percent gain in 2006. The extent of the sell-down from these markets, therefore, does not come as a surprise.

External triggers were the culprit

Similar to the panic in May last year, the causes of the drop in Philippine stocks were primarily external in nature. One factor is the reassessment of the "Goldilocks scenario" in the US following a statement of former Fed Chairman Alan Greenspan that a US recession this year is a very real possibility. Until now, the consensus was that the US was headed for a soft landing, marked by low inflation, slow growth and low unemployment. But troubles in the US market for sub-prime mortgages (or home loans to the riskiest customers) are leading to fears that the housing bubble will soon be spilling over to the rest of the economy.

Another factor is the drying up of global liquidity with the possible unwinding of what economists have dubbed the yen "carry trade." For a number of years, savvy investors and big hedge funds have been tapping the Japanese funds at near zero interest rates to fund their investments in commodities, emerging markets, and other riskier ventures like takeovers and derivatives. However, the Bank of Japan has already raised interest rates twice in the past seven months. Although the rate hikes have been relatively minimal, it may be enough to change the investment configurations of highly leveraged hedge funds dependent on yen borrowing.

Pullback was long overdue

Even a raging bull needs to pause once in a while to catch its breath. As we have said in previous articles, we expect pullbacks and consolidations in this current bull-run to help the market regain strength for the next leg up. Therefore last week’s correction was long overdue.

Come to think of it, the PSEi has risen by as much as 67 percent to a high of 3,417 last Feb. 21 from a low of 2,050 in June 2006. Thus despite dropping 276 pts from its peak, the market has given back only a fifth of its gains from the prior eight-month run-up.

Turning a blind eye toward risk

Prior to the sell-off, the movement the speculative issues relative to the big caps gave a hint of what was to come.

1. Over the last few weeks, the performance of erstwhile market leaders like PLDT and BPI have languished behind that of 3rd liner issues.

2. Well-followed stock advisors have begun promoting speculative issues.

3. Most investors have poured money into "concept" plays in the spirit of blind passion and feverish speculation.

4. Lastly, prices have indeed run ahead of fundamentals when even your ultra-conservative investor friends have started inquiring about these issues which they have (prior to this time) religiously tried to avoid.

Pull-back is constructive for the long-term

Similar to the sell-off in May 2006, this current market pullback is not fundamentally driven. Valuations, while slightly above average of recent years, are still significantly below historic highs. The sell-off, in our view, is therefore a healthy correction as investors would refocus back to the big-cap/blue-chip issues as prices become more attractive.

We continue to be positive on the macro front. Low interest rates, low inflation, a stable peso and a healthy buildup of gross international reserves should put the country in a better shape to withstand external shocks. Meanwhile the fruits of the fiscal reforms are now expected to translate to growth in the domestic economy thru infrastructure spending and tourism development.

From a technical standpoint, the market needs this correction before it resumes its next leg up. While we don’t know how long this consolidation phase will last, the long-term trend remains clearly intact and we therefore view this market pause as an opportunity to buy.

Sinjin P.

March 5th, 2007, 10:25 AM

HOW IS THE PESO?

1st Quarter

WEEK 1:

January 2, 2007 P48.92 (UP P0.11)
January 3, 2007 P48.88 (UP P0.04)
January 4, 2007 P48.83 (UP P0.05)
January 5, 2007 P48.84 (DOWN P0.01)

WEEK 2:

January 8, 2007 P48.835 (UP P0.005)
January 9, 2007 P48.66 (UP P0.175)
January 10, 2007 P48.91 (DOWN P0.25)
January 11, 2007 P49.03 (DOWN P0.12)
January 12, 2007 P49.015 (UP P0.015)

WEEK 3:
January 15, 2007 P48.86 (UP P0.155)
January 16, 2007 P48.725 (UP P0.135)
January 17, 2007 P48.85 (DOWN P0.125)
January 18, 2007 P48.79 (UP P0.06)
January 19, 2007 P48.895 (DOWN P0.105)

WEEK 4:
January 22, 2007 P49.03 (DOWN P0.135)
January 23, 2007 P48.93 (UP P0.10)
January 24, 2007 P48.84 (UP P0.09)
January 25, 2007 P48.95 (DOWN P0.11)
January 26, 2007 P49.09 (DOWN P0.14)

WEEK 5:
January 29, 2007 P49.13 (DOWN P0.14)
January 30, 2007 P48.955 (UP P0.175)
January 31, 2007 P48.90 (UP P0.055)
February 1, 2007 P48.735 (UP P0.165)
February 2, 2007 [P48.71 (UP P0.025)

WEEK 6:
February 5, 2007 P48.67 (UP P0.04)
February 6, 2007 P48.505 (UP P0.165)
February 7, 2007 P48.355 (UP P0.15)
February 8, 2007 P48.39 (DOWN P0.035)
February 9, 2007 P48.305 (UP P0.085)

WEEK 7:
February 12, 2007 P48.365 (DOWN P0.06)
February 13, 2007 P48.50 (DOWN P0.135)
February 14, 2007 P48.385 (UP P0.115)
February 15, 2007 P48.25 (UP P0.135)
February 16, 2007 P48.10 (UP P0.15)

WEEK 8:

February 19, 2007 P48.10 (=)
February 20, 2007 P48.05 (UP P0.05)
February 21, 2007 P48.125 (DOWN P0.075)
February 22, 2007 P48.30 (DOWN P0.175)
February 23, 2007 P48.155 (UP P0.145)

WEEK 9:

February 26, 2007 P48.245 (DOWN P0.09)
February 27, 2007 P48.38 (DOWN P0.135)
February 28, 2007 P48.54 (DOWN P0.16)
March 1, 2007 P48.59 (DOWN P0.05)
March 2, 2007 P48.715 (DOWN P0.125)

WEEK 10:

[B]March 5, 2007 P48.89 (DOWN P0.175)

The trend: UP (24); DOWN (20); = (1)

HOW IS THE PHILIPPINE STOCK EXCHANGE?

1st Quarter

WEEK 1:

January 2, 2007 2,976.85 (DOWN 5.69)
January 3, 2007 3,020.70 (UP 43.85)
January 4, 2007 3012.74 (DOWN 7.96)
January 5, 2007 2,996.39 (DOWN 16.35)

WEEK 2:

January 8, 2007 2,952.32 (DOWN 44.07)
January 9, 2007 2,972.32 (UP 20.00)
January 10, 2007 2,951.08 (DOWN 21.24)
January 11, 2007 2,940.16 (DOWN 10.92)
January 12, 2007 2,992.33 (UP 52.17)

WEEK 3:

January 15, 2007 3,019.06 (UP 26.73)
January 16, 2007 3,070.29 (UP 51.23)
January 17, 2007 3,041.56 (DOWN 28.73)
January 18, 2007 3,081.73 (UP 40.17)
January 19, 2007 3,085.18 (UP 3.45)

WEEK 4:
January 22, 2007 3,141.28 (UP 56.10)
January 23, 2007 3,199.34 (UP 58.06)
January 24, 2007 3,244.75 (UP 45.41)
January 25, 2007 3,275.19 (UP 30.44)
January 26, 2007 3,162.82 (DOWN 112.37)

WEEK 5:
January 29, 2007 3,177.36 (UP 14.54)
January 30, 2007 3,196.66 (UP 19.30)
January 31, 2007 3,239.27 (UP 42.61)
February 1, 2007 3,245.26 (UP 5.99)
February 2, 2007 3,269.18 (UP 23.92)

WEEK 6:
February 5, 2007 3,281.90 (UP 12.72)
February 6, 2007 3,271.97 (DOWN 9.93)
February 7, 2007 3232.39 (DOWN 39.58)
February 8, 2007 3,196.08 (DOWN 36.31)
February 9, 2007 3,245.81 (UP 49.73)

WEEK 7:
February 12, 2007 3,234.16 (DOWN 11.65)
February 13, 2007 3,233.91 (DOWN 0.25)
February 14, 2007 3,300.94 (UP 67.03)
February 15, 2007 3,379.37 (UP 78.43)
February 16, 2007 3,333.56 (DOWN 45.81)

WEEK 8:

February 19, 2007 3,329.03 (DOWN 4.53)
February 20, 2007 3,375.31 (UP 46.28)
February 21, 2007 3,378.92 (UP 3.61)
February 22, 2007 3,365.53 (DOWN 13.39)
February 23, 2007 3,389.37 (UP 23.84)

WEEK 9:

February 26, 2007 3,380.00 (DOWN 9.37)
February 27, 2007 3,331.29 (DOWN 48.71)
February 28, 2007 3,067.45 (DOWN 263.84)
March 1, 2007 3,190.12 (UP 122.67)
March 2, 2007 3,140.34 (DOWN 49.78)

WEEK 10:

March 5, 2007 2,997.88 (DOWN 142.46)

The trend: UP (24); DOWN (21); = (0)

queetz@home

March 5th, 2007, 12:10 PM

The European markets are sliding like crazy now! I'm gonna stay up late and watch the American markets. I'm cutting my losses and selling tomorrow....

jgacis

March 5th, 2007, 12:21 PM

^^ Why? I don't think this is a long-term trend. I'm riding my Philippine stocks out for the long haul...

queetz@home

March 5th, 2007, 12:26 PM

^^ If its a global economic slowdown, then yes it will be in the long haul. The markets are sliding and will continue to slide. My intent is to get out, buy when its even lower, then recover. And in this case, I'll do it AFTER the elections...

Geeze! Even good stocks are being dumped and not one bargain hunter is buying them...

smokingunmanila

March 5th, 2007, 01:10 PM

I bet my ass that the stock market will recover tomorrow...then...this pattern of losing and gaining 4% will be a continous cycle ...make it 3 rounds..so pang second round na to...

Sinjin P.

March 5th, 2007, 01:21 PM

I bet my ass that the stock market will recover tomorrow...then...this pattern of losing and gaining 4% will be a continous cycle ...make it 3 rounds..so pang second round na to...

According to economic analysts in TV Patrol World kanina, the PSEi will continue its downward trend for the next days daw

queetz@home

March 5th, 2007, 02:32 PM

According to economic analysts in TV Patrol World kanina, the PSEi will continue its downward trend for the next days daw

And this is reinforced by the reaction in the European markets. So it looks like the expectation of the shareholders is to get out of equities. And it certainly influenced this one. I will be watching the markets in North America closely before making a final decision though....

-TC-

March 5th, 2007, 03:19 PM

I bet my ass that the stock market will recover tomorrow...then...this pattern of losing and gaining 4% will be a continous cycle ...make it 3 rounds..so pang second round na to...

Be careful what you bet pare... I'm not that sure it will bounce back tom, however, I'm sure it won't be pretty in the next few days.:uh:

metrosuburban

March 5th, 2007, 07:49 PM

Kanino ba kase nagsimula yung panic??? Am sure nadamay na naman tayo...

crappypants

March 5th, 2007, 08:31 PM

I don't think it's good to panic sell. Just stay the course and it'll bounce back.
there are just a lot of people who are just cashing in on their profits.

queetz@home

March 6th, 2007, 03:43 AM

^^ Well, I haven't sold yet. The markets are still going down though but the downward trend seemed to have slowed down.

Rene Ybardolaza

March 6th, 2007, 04:16 AM

I don't think it's good to panic sell. Just stay the course and it'll bounce back.
there are just a lot of people who are just cashing in on their profits.

Best advice I've heard lately!!

Animo

March 6th, 2007, 04:38 AM

By TOBY ANDERSON, AP Business Writer

LONDON - European and Asian markets fell again Monday, extending their slide into a second week as investors worried about a possible global slowdown and dumped stocks that had surged in recent weeks. U.S. stocks fell after trying to steady themselves.

Britain's benchmark FTSE 100 fell 0.94 percent, while France's CAC 40 slid 0.73 percent and Germany's DAX dropped 1.041 percent after declines in Tokyo and other Asian markets.

"The fact that the FTSE closed Friday's session virtually unchanged may have left some thinking that the recent slide in equity markets may be at an end, but triple-digit losses on the Dow ahead of the weekend break have taken their toll on Asian markets," said Matt Buckland, a trader at CMC Markets.

Also sparking jitters was the yen's jump to a three-month high against the dollar as investors reversed so-called yen-carry trades. A decline in this trading practice, which involves borrowing money at Japan's ultra-low interest rates to invest in higher-yielding assets elsewhere, could hurt global liquidity.

U.S. markets fluctuated as investors tried to size up where the market was headed. The Dow Jones industrial average traded in a 150-point range before closing near its session lows, falling 63.69, or 0.53 percent, to 12,050.41.

Major Latin American markets all extended their recent downturn. In Brazil, Sao Paulo's Bovespa index finished down 2.8 percent, Mexico City's IPC index shed 2.0 percent and the IPSA index in Santiago, Chile ended 1.1 percent lower. In Buenos Aires, Argentina, the benchmark Merval index gave back 3.0 percent.

Tokyo's Nikkei 225 index fell for a fifth day, tumbling 575.68 points, or 3.34 percent, to 16,642.25 points, dragged down by major exporters such as Canon Inc., Sony Corp (NYSE:SNE - news). and Toyota Motor Corp., whose earnings are eroded by a stronger yen. Since reaching a nearly seven-year high last Monday, the Nikkei index has slid 8.64 percent.

Markets in Hong Kong, Australia, the Philippines, Malaysia, India and South Korea all fell sharply Monday, continuing their declines from last week, when a 9 percent plunge in Chinese stocks on Tuesday triggered cascading selloffs on Wall Street and other global markets.

"I don't know where the domino effect will stop," said Jose Vistan, research director at AB Capital Securities in Manila, Philippines, where the benchmark index sank 4.5 percent.

"Everything takes a back seat relative to the selloff that we are seeing. It's emotions," Vistan said. "You throw away technicals and fundamentals out the window. Emotions are the ones driving share prices right now."

Hong Kong's Hang Seng index tumbled 4 percent to its lowest level since mid-December. Australia's stock market — which had hit records last month — fell for a fifth day, sinking 2.3 percent. South Korea's benchmark index dropped 2.7 percent and Indian stocks fell 3.8 percent.

Investors still seemed risk-averse after the previous week's turmoil.

"When there's such a big market move in such a short period of time, there's that element of surprise and confusion," said Teruhisa Ishikawa, section chief for investors information at Mizuho Investors Securities Co.

Funds and institutional investors tend to go on a selling binge to trim losses in reaction to such market moves, he said.

In China, the Shanghai Composite index fell a more modest 1.6 percent, but foreign-currency denominated "B shares" tumbled after officials denied rumors those stocks might be merged with the mainstream Chinese-currency "A shares."

Many analysts see the market selloff as a healthy correction for markets that had risen too far, too fast. China's market had doubled in value last year, for example. In Malaysia, stocks had surged 17 percent since the start of the year before last week's selloff.

There were also signs that the recent turmoil had caused some international investors to unwind yen-carry trades. As the yen appreciates, the profits from these trades are eroded, prompting some investors to return yen loans, strengthening the Japanese currency.

Still, while the Bank of Japan raised interest rates last month to 0.5 percent, they are still far lower than rates in the U.S. or Europe, making the yen-carry trade still an attractive strategy, analysts said.

Associated Press writers Yuri Kageyama and Carl Freire in Tokyo, Teresa Cerojano in Manila and Elaine Kurtenbach in Shanghai contributed to this report.

http://news.yahoo.com/s/ap/20070306/ap_on_bi_ge/world_markets_33

portludlow

March 6th, 2007, 05:31 AM

Be careful what you bet pare... I'm not that sure it will bounce back tom, however, I'm sure it won't be pretty in the next few days.:uh:

Non-regulated big hedge funds pulled their money off the table as they cannot operate on a volatile market. I think it will be healthy for equities in the long run as ordinary investors can come in at this time. What is your thoughts about this?

smokingunmanila

March 6th, 2007, 07:10 AM

bakit walang update today...stock and dollar rate?

portludlow

March 6th, 2007, 07:18 AM

RP stocks drop on more selling; PLDT leads decline
http://www.abs-cbnnews.com/storypage.aspx?StoryId=69051

Philippine stocks dropped for the third straight session on Tuesday and wiped out gains made so far this year, as investors continued to track the drop on Wall Street, dealers said.

The Philippine Stock Exchange composite index fell 24.61 points, or 0.82 percent, to 2,973.27, lower than the closing level of 2,982.54 recorded on the last trading day of 2006.

In the broader market, losers whipped gainers 62 to 49, and there were 37 stocks unchanged.

A total of 7.7 billion shares changed hands valued at P5.04 billion.

Index heavyweight Philippine Long Distance Telephone Co. (PLDT), the nation's biggest phone firm, fell P5 to P2,345 after announcing that its 2006 consolidated net profit rose 3 percent to P35.1 billion after a strong peso ate into dollar-linked revenues.

smokingunmanila

March 6th, 2007, 07:39 AM

Mataas ang value ha....mukang heavy selling

-TC-

March 6th, 2007, 08:12 AM

Shares close weaker on follow-through selling
By Rocel Felix
Xinhua Financial News Service
Last updated 12:52pm (Mla time) 03/06/2007

MANILA, Philippines -- Share prices closed weaker on follow-through selling with investors yet to regain their confidence after Wall Street's meltdown last week although selective bargain-hunting helped limit the losses, dealers said.

At the close, the 30-company composite index was down 24.61 points or 0.82 percent at 2,973.27, after moving between 2,965.80 and 2,997.88.
The broader all-share index lost 19.29 points to 1,906.03.

Losers edged out gainers 62 to 49, while 37 stocks ended unchanged.
A total of 7.7 billion shares worth P5.0 billion changed hands.

Dealers said the market failed to keep pace with other regional bourses that have bounced back since last week's global equities selloff.

"The Philippines is more sensitive to what's happening in the overseas markets, particularly in the US which is our biggest trading partner," said Astro del Castillo, managing director of First Grade Holdings Inc.

Jose Vistan Jr, economist and research director of AB Capital Securities Inc, said investor confidence is still visibly shaken, with the market largely ignoring government CPI data which showed consumer prices in February inched up just 2.6 percent from a year earlier, the slowest inflation rate on record in the last four years.

"Today's selloff was not quite as traumatic as the 263.84-point decline last week. The market is starting to stabilize, but it will take more time to restore investor confidence and they have yet to digest the data on inflation," said Vistan.

"Right now, the market is looking at the behavior of overseas markets for direction."

Lawrence de Leon, an analyst at Accord Capital Equities Inc, said the selling should soon bottom out, with some bargain hunters already starting to snap up cheaper stocks.

"Moving forward, the short-term selling is almost over as most regional markets have gone up today. Investors will again start looking at economic numbers and the market will build a firmer base from there."

Top-traded PLDT fell P5.00 or 0.21 percent to 2,345.00. The country's largest telecommunications firm reported a net profit of P35.1 billion for last year, 3 percent higher than the 34.2 billion posted in 2005, supported by the writeback of earlier provisions made in connection with a contract relating to its satellite business. But its consolidated net profit in the fourth quarter fell 7.7 percent to P8.95 billion from 9.7 billion a year earlier as the strong peso ate into its dollar-linked revenue.

Its rival Globe Telecom Inc slipped P25.00 or 1.86 percent to 1,320.00
Megaworld Corp shed P0.05 or 1.85 percent to 2.65, while conglomerate Ayala Corp retreated 25.00 or 4.59 percent to 520.00. Food and beverage conglomerate San Miguel Corp's A shares lost 0.50 peso or 0.79 percent to 62.50, while its B shares were steady at 72.00.

flymordecai

March 6th, 2007, 08:21 AM

Sigh. What's happening is exactly the opposite of what the analysts and even our President were saying: how come we are so sensitive to what's happening globally? I was thinking that we were out of it after that 8% drop last week, but it seems we're still in that downward spiral. We are affected even more than our neighbors. We will see in the upcoming days. The fickle nature of Filipinos! (Sorry for the generalization! Hehe)

-TC-

March 6th, 2007, 08:29 AM

@smokingun: Sorry today wasn't your recovery day as you confidently bet on yesterday. Maybe tomorrow. :D:D:D. Peace bro.

Khem

March 6th, 2007, 08:53 AM

according to my source... it's due to an overbought stocks in China... they are expecting that China's economy is kinda overheating and it's going to nosedive. That's why stocks in the US are very much affected... and we all know that are economy is very much dependent with these bigger economies... Just hoping that our stock exchange is going to recover soon... GMA is kind of confident that our macroeconomic fundamentals are quite strong

smokingunmanila

March 6th, 2007, 09:39 AM

@smokingun: Sorry today wasn't your recovery day as you confidently bet on yesterday. Maybe tomorrow. :D:D:D. Peace bro.

Okay..tomorrow..I bet my legs...tataas ang market..:banana:

smokingunmanila

March 6th, 2007, 09:40 AM

I think under attack talaga ang China...and US i think is the brain behind it...they want their money back...

Sinjin P.

March 6th, 2007, 11:46 AM

HOW IS THE PESO?

1st Quarter

WEEK 1:

January 2, 2007 P48.92 (UP P0.11)
January 3, 2007 P48.88 (UP P0.04)
January 4, 2007 P48.83 (UP P0.05)
January 5, 2007 P48.84 (DOWN P0.01)

WEEK 2:

January 8, 2007 P48.835 (UP P0.005)
January 9, 2007 P48.66 (UP P0.175)
January 10, 2007 P48.91 (DOWN P0.25)
January 11, 2007 P49.03 (DOWN P0.12)
January 12, 2007 P49.015 (UP P0.015)

WEEK 3:
January 15, 2007 P48.86 (UP P0.155)
January 16, 2007 P48.725 (UP P0.135)
January 17, 2007 P48.85 (DOWN P0.125)
January 18, 2007 P48.79 (UP P0.06)
January 19, 2007 P48.895 (DOWN P0.105)

WEEK 4:
January 22, 2007 P49.03 (DOWN P0.135)
January 23, 2007 P48.93 (UP P0.10)
January 24, 2007 P48.84 (UP P0.09)
January 25, 2007 P48.95 (DOWN P0.11)
January 26, 2007 P49.09 (DOWN P0.14)

WEEK 5:
January 29, 2007 P49.13 (DOWN P0.14)
January 30, 2007 P48.955 (UP P0.175)
January 31, 2007 P48.90 (UP P0.055)
February 1, 2007 P48.735 (UP P0.165)
February 2, 2007 [P48.71 (UP P0.025)

WEEK 6:
February 5, 2007 P48.67 (UP P0.04)
February 6, 2007 P48.505 (UP P0.165)
February 7, 2007 P48.355 (UP P0.15)
February 8, 2007 P48.39 (DOWN P0.035)
February 9, 2007 P48.305 (UP P0.085)

WEEK 7:
February 12, 2007 P48.365 (DOWN P0.06)
February 13, 2007 P48.50 (DOWN P0.135)
February 14, 2007 P48.385 (UP P0.115)
February 15, 2007 P48.25 (UP P0.135)
February 16, 2007 P48.10 (UP P0.15)

WEEK 8:

February 19, 2007 P48.10 (=)
February 20, 2007 P48.05 (UP P0.05)
February 21, 2007 P48.125 (DOWN P0.075)
February 22, 2007 P48.30 (DOWN P0.175)
February 23, 2007 P48.155 (UP P0.145)

WEEK 9:

February 26, 2007 P48.245 (DOWN P0.09)
February 27, 2007 P48.38 (DOWN P0.135)
February 28, 2007 P48.54 (DOWN P0.16)
March 1, 2007 P48.59 (DOWN P0.05)
March 2, 2007 P48.715 (DOWN P0.125)

WEEK 10:

March 5, 2007 P48.89 (DOWN P0.175)
[B]March 6, 2007 P48.835 (UP P0.055)

The trend: UP (25); DOWN (20); = (1)

HOW IS THE PHILIPPINE STOCK EXCHANGE?

1st Quarter

WEEK 1:

January 2, 2007 2,976.85 (DOWN 5.69)
January 3, 2007 3,020.70 (UP 43.85)
January 4, 2007 3012.74 (DOWN 7.96)
January 5, 2007 2,996.39 (DOWN 16.35)

WEEK 2:

January 8, 2007 2,952.32 (DOWN 44.07)
January 9, 2007 2,972.32 (UP 20.00)
January 10, 2007 2,951.08 (DOWN 21.24)
January 11, 2007 2,940.16 (DOWN 10.92)
January 12, 2007 2,992.33 (UP 52.17)

WEEK 3:

January 15, 2007 3,019.06 (UP 26.73)
January 16, 2007 3,070.29 (UP 51.23)
January 17, 2007 3,041.56 (DOWN 28.73)
January 18, 2007 3,081.73 (UP 40.17)
January 19, 2007 3,085.18 (UP 3.45)

WEEK 4:
January 22, 2007 3,141.28 (UP 56.10)
January 23, 2007 3,199.34 (UP 58.06)
January 24, 2007 3,244.75 (UP 45.41)
January 25, 2007 3,275.19 (UP 30.44)
January 26, 2007 3,162.82 (DOWN 112.37)

WEEK 5:
January 29, 2007 3,177.36 (UP 14.54)
January 30, 2007 3,196.66 (UP 19.30)
January 31, 2007 3,239.27 (UP 42.61)
February 1, 2007 3,245.26 (UP 5.99)
February 2, 2007 3,269.18 (UP 23.92)

WEEK 6:
February 5, 2007 3,281.90 (UP 12.72)
February 6, 2007 3,271.97 (DOWN 9.93)
February 7, 2007 3232.39 (DOWN 39.58)
February 8, 2007 3,196.08 (DOWN 36.31)
February 9, 2007 3,245.81 (UP 49.73)

WEEK 7:
February 12, 2007 3,234.16 (DOWN 11.65)
February 13, 2007 3,233.91 (DOWN 0.25)
February 14, 2007 3,300.94 (UP 67.03)
February 15, 2007 3,379.37 (UP 78.43)
February 16, 2007 3,333.56 (DOWN 45.81)

WEEK 8:

February 19, 2007 3,329.03 (DOWN 4.53)
February 20, 2007 3,375.31 (UP 46.28)
February 21, 2007 3,378.92 (UP 3.61)
February 22, 2007 3,365.53 (DOWN 13.39)
February 23, 2007 3,389.37 (UP 23.84)

WEEK 9:

February 26, 2007 3,380.00 (DOWN 9.37)
February 27, 2007 3,331.29 (DOWN 48.71)
February 28, 2007 3,067.45 (DOWN 263.84)
March 1, 2007 3,190.12 (UP 122.67)
March 2, 2007 3,140.34 (DOWN 49.78)

WEEK 10:

March 5, 2007 2,997.88 (DOWN 142.46)
March 6, 2007 2,973.27 (DOWN 24.61)

The trend: UP (24); DOWN (22); = (0)

OtAkAw

March 6th, 2007, 02:22 PM

^^Oh my god, what is happening? Nasa 2000-level na!

-TC-

March 6th, 2007, 03:28 PM

Non-regulated big hedge funds pulled their money off the table as they cannot operate on a volatile market. I think it will be healthy for equities in the long run as ordinary investors can come in at this time. What is your thoughts about this?

@portludlow... A volatile market can be profitable for day traders as well as a falling market can be for short sellers and hedge funds (which can go long or short depending on investment objectives, parameters and constraints). Whichever way the market goes, up or down, savvy investors can make tons of money. It's just unfortunate that shorting stocks is not allowed here.

Yeah fundamental analysts love healthy corrections to bring down valuations but then technically the market could correct too much, break a bullish trend and turn a supposedly healthy correction to a sick plunge.

queetz@home

March 6th, 2007, 03:35 PM

It's just unfortunate that shorting stocks is not allowed here.

Yeah! WTF is that all about???

:wtf:

-TC-

March 6th, 2007, 03:38 PM

Okay..tomorrow..I bet my legs...tataas ang market..:banana:

Hey I agree with you but you made me laugh by what you posted... apparently losing your behind wasn't enough eh... haha :lol:

I think under attack talaga ang China...and US i think is the brain behind it...they want their money back...

Conspiracy theory na naman... :gossip:

-TC-

March 6th, 2007, 04:02 PM

Yeah! WTF is that all about???

:wtf:

Sorry @queetz let me clarify that short selling is allowed but only for a few selected stocks.

See list below on the eligible securities for short selling (as of June 2006):

Aboitiz Equity Ventures, Inc., Ayala Corporation, Ayala Land, Inc., Banco de Oro Universal Bank, Bank of the Philippine Islands, Equitable PCI Bank, Inc., Filinvest Land, Inc., First Philippine Holdings Corporation, Globe Telecom, Inc., Holcim Philippines, Inc., International Container Terminal Services, Inc., JG Summit Holdings, Inc., Jollibee Foods Corporation, Manila Electric Company, Manila Water Company, Inc., Megaworld Corporation, Metropolitan Bank & Trust Company, Petron Corporation, Philippine Long Distance Telephone Company, Philippine National Bank, Pilipino Telephone Corporation, SM Investments Corporation, SM Prime Holdings, Inc., San Miguel Corporation, Security Bank Corporation, Universal Robina Corporation

Criteria for Eligibility

Market Capitalization: at least PhP 10 billion
Liquidity: must have been traded at least 95% during the last 6 months prior to the date of approval of the list
Type of security: Initially, only common stocks. * The list shall be reviewed periodically every six (6) months to determine if the securities included still met the criteria.

And check out the following links for more info on the PSE Securities Borrowing and Lending Program:

Homepage
http://www.pse.ph/SBL_FINAL/index_final.html

Guidelines on Securities Borrowing and Lending
http://www.pse.ph/SBL_FINAL/Links/PSERules/PSESBLGuidelines013007.pdf

Rules on Securities Borrowing and Lending
http://www.pse.ph/SBL_FINAL/Links/PSERules/PSERules.pdf

Finally, please call your broker for more info about all the above before you start shorting the market... And check first if your broker is an accredited lending agent or else you'll get yourselves into big trouble! :D

smokingunmanila

March 7th, 2007, 03:48 AM

Hey I agree with you but you made me laugh by what you posted... apparently losing your behind wasn't enough eh... haha :lol:

Conspiracy theory na naman... :gossip:

NOW!! can I have my ass back!! please!! tumaas market ha....

queetz@home

March 7th, 2007, 06:13 AM

^^ Pero hindi gaano! But still. I'd take it. Now lets hope it continues to go up up and at least recover everything lost since last week...hope hope.

Finally, please call your broker for more info about all the above before you start shorting the market... And check first if your broker is an accredited lending agent or else you'll get yourselves into big trouble! :D

Nah! There is a no short selling rule in the firm that I now use. Oh well. Short selling is for those with absolute nerves of steel anyway and I don't have that.

beads_strawberries

March 7th, 2007, 06:51 AM

I just heard from ANC channel that the stock market recovered from a previous loss yesterday. It really looks like the Philippine stock market has more strength than we could have realized. Despite the turn of events at China and US market, we're still recovering.

I guess we have gained much in the past months that the trend has not affected us that much.

-TC-

March 7th, 2007, 07:56 AM

NOW!! can I have my ass back!! please!! tumaas market ha....

@smokingun... you didn't lose a leg today but I guess somebody else who took up your bet on Tuesday still has your ass. Careful next time. :lol:

Looks like this upswing will continue until tom at least. :okay:

-TC-

March 7th, 2007, 10:41 AM

Nah! There is a no short selling rule in the firm that I now use. Oh well. Short selling is for those with absolute nerves of steel anyway and I don't have that.

@queetz... yup shorters have absolute nerves of steel indeed. When you go long for P1mln, you may lose upto a max of P1mln only. Losses are controlled in that sense. On the other hand, when you go short for that same amount, you may lose all of P1mln and more! Huhu :cry:

Sinjin P.

March 7th, 2007, 10:47 AM

HOW IS THE PESO?

1st Quarter

WEEK 1:

January 2, 2007 P48.92 (UP P0.11)
January 3, 2007 P48.88 (UP P0.04)
January 4, 2007 P48.83 (UP P0.05)
January 5, 2007 P48.84 (DOWN P0.01)

WEEK 2:

January 8, 2007 P48.835 (UP P0.005)
January 9, 2007 P48.66 (UP P0.175)
January 10, 2007 P48.91 (DOWN P0.25)
January 11, 2007 P49.03 (DOWN P0.12)
January 12, 2007 P49.015 (UP P0.015)

WEEK 3:
January 15, 2007 P48.86 (UP P0.155)
January 16, 2007 P48.725 (UP P0.135)
January 17, 2007 P48.85 (DOWN P0.125)
January 18, 2007 P48.79 (UP P0.06)
January 19, 2007 P48.895 (DOWN P0.105)

WEEK 4:
January 22, 2007 P49.03 (DOWN P0.135)
January 23, 2007 P48.93 (UP P0.10)
January 24, 2007 P48.84 (UP P0.09)
January 25, 2007 P48.95 (DOWN P0.11)
January 26, 2007 P49.09 (DOWN P0.14)

WEEK 5:
January 29, 2007 P49.13 (DOWN P0.14)
January 30, 2007 P48.955 (UP P0.175)
January 31, 2007 P48.90 (UP P0.055)
February 1, 2007 P48.735 (UP P0.165)
February 2, 2007 [P48.71 (UP P0.025)

WEEK 6:
February 5, 2007 P48.67 (UP P0.04)
February 6, 2007 P48.505 (UP P0.165)
February 7, 2007 P48.355 (UP P0.15)
February 8, 2007 P48.39 (DOWN P0.035)
February 9, 2007 P48.305 (UP P0.085)

WEEK 7:
February 12, 2007 P48.365 (DOWN P0.06)
February 13, 2007 P48.50 (DOWN P0.135)
February 14, 2007 P48.385 (UP P0.115)
February 15, 2007 P48.25 (UP P0.135)
February 16, 2007 P48.10 (UP P0.15)

WEEK 8:

February 19, 2007 P48.10 (=)
February 20, 2007 P48.05 (UP P0.05)
February 21, 2007 P48.125 (DOWN P0.075)
February 22, 2007 P48.30 (DOWN P0.175)
February 23, 2007 P48.155 (UP P0.145)

WEEK 9:

February 26, 2007 P48.245 (DOWN P0.09)
February 27, 2007 P48.38 (DOWN P0.135)
February 28, 2007 P48.54 (DOWN P0.16)
March 1, 2007 P48.59 (DOWN P0.05)
March 2, 2007 P48.715 (DOWN P0.125)

WEEK 10:

March 5, 2007 P48.89 (DOWN P0.175)
March 6, 2007 P48.835 (UP P0.055)
[B]March 7, 2007 P48.735 (UP P0.10)

The trend: UP (26); DOWN (20); = (1)

HOW IS THE PHILIPPINE STOCK EXCHANGE?

1st Quarter

WEEK 1:

January 2, 2007 2,976.85 (DOWN 5.69)
January 3, 2007 3,020.70 (UP 43.85)
January 4, 2007 3012.74 (DOWN 7.96)
January 5, 2007 2,996.39 (DOWN 16.35)

WEEK 2:

January 8, 2007 2,952.32 (DOWN 44.07)
January 9, 2007 2,972.32 (UP 20.00)
January 10, 2007 2,951.08 (DOWN 21.24)
January 11, 2007 2,940.16 (DOWN 10.92)
January 12, 2007 2,992.33 (UP 52.17)

WEEK 3:

January 15, 2007 3,019.06 (UP 26.73)
January 16, 2007 3,070.29 (UP 51.23)
January 17, 2007 3,041.56 (DOWN 28.73)
January 18, 2007 3,081.73 (UP 40.17)
January 19, 2007 3,085.18 (UP 3.45)

WEEK 4:
January 22, 2007 3,141.28 (UP 56.10)
January 23, 2007 3,199.34 (UP 58.06)
January 24, 2007 3,244.75 (UP 45.41)
January 25, 2007 3,275.19 (UP 30.44)
January 26, 2007 3,162.82 (DOWN 112.37)

WEEK 5:
January 29, 2007 3,177.36 (UP 14.54)
January 30, 2007 3,196.66 (UP 19.30)
January 31, 2007 3,239.27 (UP 42.61)
February 1, 2007 3,245.26 (UP 5.99)
February 2, 2007 3,269.18 (UP 23.92)

WEEK 6:
February 5, 2007 3,281.90 (UP 12.72)
February 6, 2007 3,271.97 (DOWN 9.93)
February 7, 2007 3232.39 (DOWN 39.58)
February 8, 2007 3,196.08 (DOWN 36.31)
February 9, 2007 3,245.81 (UP 49.73)

WEEK 7:
February 12, 2007 3,234.16 (DOWN 11.65)
February 13, 2007 3,233.91 (DOWN 0.25)
February 14, 2007 3,300.94 (UP 67.03)
February 15, 2007 3,379.37 (UP 78.43)
February 16, 2007 3,333.56 (DOWN 45.81)

WEEK 8:

February 19, 2007 3,329.03 (DOWN 4.53)
February 20, 2007 3,375.31 (UP 46.28)
February 21, 2007 3,378.92 (UP 3.61)
February 22, 2007 3,365.53 (DOWN 13.39)
February 23, 2007 3,389.37 (UP 23.84)

WEEK 9:

February 26, 2007 3,380.00 (DOWN 9.37)
February 27, 2007 3,331.29 (DOWN 48.71)
February 28, 2007 3,067.45 (DOWN 263.84)
March 1, 2007 3,190.12 (UP 122.67)
March 2, 2007 3,140.34 (DOWN 49.78)

WEEK 10:

March 5, 2007 2,997.88 (DOWN 142.46)
March 6, 2007 2,973.27 (DOWN 24.61)
March 7, 2007 3,063.26 (UP 89.99)

The trend: UP (25); DOWN (22); = (0)

Insanedriver

March 7th, 2007, 04:39 PM

aysus... puro up nd down...

Rene Ybardolaza

March 7th, 2007, 04:47 PM

Conspiracy theory na naman... :gossip:

Theories like this sure makes life more interesting.

In reality, investors of the stock market in China are primarily composed of its citizens. They don't have too many options where to place their money and are more than willing to bet their savings and borrowed money on this new phenomenon called the stock market where returns have been outstanding. Consider it as a new form of gambling. One look at Macau and you'll know that the Chinese love to gamble.

Institutional investors are still rare. A lot of companies in China are still government owned and whatever is there is not the typical company seen in the west.

Just take a look at how most of us are reacting to this recent event and we get a snapshot of how our Chinese counterparts are doing. The result is a roller coaster ride and if one does not have the stomach for this kind of excitement, they want off.

sandrn

March 7th, 2007, 05:06 PM

I agree. I watched the New York based Business News a couple of days ago and it compared the Shanghai stock market to a casino. Stock trading operates on the basis of hearsays or tittle-tattle rather than the actual events happening within the listed firms.

Sinjin P.

March 8th, 2007, 01:21 PM

HOW IS THE PESO?

1st Quarter

WEEK 1:

January 2, 2007 P48.92 (UP P0.11)
January 3, 2007 P48.88 (UP P0.04)
January 4, 2007 P48.83 (UP P0.05)
January 5, 2007 P48.84 (DOWN P0.01)

WEEK 2:

January 8, 2007 P48.835 (UP P0.005)
January 9, 2007 P48.66 (UP P0.175)
January 10, 2007 P48.91 (DOWN P0.25)
January 11, 2007 P49.03 (DOWN P0.12)
January 12, 2007 P49.015 (UP P0.015)

WEEK 3:
January 15, 2007 P48.86 (UP P0.155)
January 16, 2007 P48.725 (UP P0.135)
January 17, 2007 P48.85 (DOWN P0.125)
January 18, 2007 P48.79 (UP P0.06)
January 19, 2007 P48.895 (DOWN P0.105)

WEEK 4:
January 22, 2007 P49.03 (DOWN P0.135)
January 23, 2007 P48.93 (UP P0.10)
January 24, 2007 P48.84 (UP P0.09)
January 25, 2007 P48.95 (DOWN P0.11)
January 26, 2007 P49.09 (DOWN P0.14)

WEEK 5:
January 29, 2007 P49.13 (DOWN P0.14)
January 30, 2007 P48.955 (UP P0.175)
January 31, 2007 P48.90 (UP P0.055)
February 1, 2007 P48.735 (UP P0.165)
February 2, 2007 [P48.71 (UP P0.025)

WEEK 6:
February 5, 2007 P48.67 (UP P0.04)
February 6, 2007 P48.505 (UP P0.165)
February 7, 2007 P48.355 (UP P0.15)
February 8, 2007 P48.39 (DOWN P0.035)
February 9, 2007 P48.305 (UP P0.085)

WEEK 7:
February 12, 2007 P48.365 (DOWN P0.06)
February 13, 2007 P48.50 (DOWN P0.135)
February 14, 2007 P48.385 (UP P0.115)
February 15, 2007 P48.25 (UP P0.135)
February 16, 2007 P48.10 (UP P0.15)

WEEK 8:

February 19, 2007 P48.10 (=)
February 20, 2007 P48.05 (UP P0.05)
February 21, 2007 P48.125 (DOWN P0.075)
February 22, 2007 P48.30 (DOWN P0.175)
February 23, 2007 P48.155 (UP P0.145)

WEEK 9:

February 26, 2007 P48.245 (DOWN P0.09)
February 27, 2007 P48.38 (DOWN P0.135)
February 28, 2007 P48.54 (DOWN P0.16)
March 1, 2007 P48.59 (DOWN P0.05)
March 2, 2007 P48.715 (DOWN P0.125)

WEEK 10:

March 5, 2007 P48.89 (DOWN P0.175)
March 6, 2007 P48.835 (UP P0.055)
March 7, 2007 P48.735 (UP P0.10)
[B]March 8, 2007 P48.53 (UP P0.205)

The trend: UP (27); DOWN (20); = (1)

HOW IS THE PHILIPPINE STOCK EXCHANGE?

1st Quarter

WEEK 1:

January 2, 2007 2,976.85 (DOWN 5.69)
January 3, 2007 3,020.70 (UP 43.85)
January 4, 2007 3012.74 (DOWN 7.96)
January 5, 2007 2,996.39 (DOWN 16.35)

WEEK 2:

January 8, 2007 2,952.32 (DOWN 44.07)
January 9, 2007 2,972.32 (UP 20.00)
January 10, 2007 2,951.08 (DOWN 21.24)
January 11, 2007 2,940.16 (DOWN 10.92)
January 12, 2007 2,992.33 (UP 52.17)

WEEK 3:

January 15, 2007 3,019.06 (UP 26.73)
January 16, 2007 3,070.29 (UP 51.23)
January 17, 2007 3,041.56 (DOWN 28.73)
January 18, 2007 3,081.73 (UP 40.17)
January 19, 2007 3,085.18 (UP 3.45)

WEEK 4:
January 22, 2007 3,141.28 (UP 56.10)
January 23, 2007 3,199.34 (UP 58.06)
January 24, 2007 3,244.75 (UP 45.41)
January 25, 2007 3,275.19 (UP 30.44)
January 26, 2007 3,162.82 (DOWN 112.37)

WEEK 5:
January 29, 2007 3,177.36 (UP 14.54)
January 30, 2007 3,196.66 (UP 19.30)
January 31, 2007 3,239.27 (UP 42.61)
February 1, 2007 3,245.26 (UP 5.99)
February 2, 2007 3,269.18 (UP 23.92)

WEEK 6:
February 5, 2007 3,281.90 (UP 12.72)
February 6, 2007 3,271.97 (DOWN 9.93)
February 7, 2007 3232.39 (DOWN 39.58)
February 8, 2007 3,196.08 (DOWN 36.31)
February 9, 2007 3,245.81 (UP 49.73)

WEEK 7:
February 12, 2007 3,234.16 (DOWN 11.65)
February 13, 2007 3,233.91 (DOWN 0.25)
February 14, 2007 3,300.94 (UP 67.03)
February 15, 2007 3,379.37 (UP 78.43)
February 16, 2007 3,333.56 (DOWN 45.81)

WEEK 8:

February 19, 2007 3,329.03 (DOWN 4.53)
February 20, 2007 3,375.31 (UP 46.28)
February 21, 2007 3,378.92 (UP 3.61)
February 22, 2007 3,365.53 (DOWN 13.39)
February 23, 2007 3,389.37 (UP 23.84)

WEEK 9:

February 26, 2007 3,380.00 (DOWN 9.37)
February 27, 2007 3,331.29 (DOWN 48.71)
February 28, 2007 3,067.45 (DOWN 263.84)
March 1, 2007 3,190.12 (UP 122.67)
March 2, 2007 3,140.34 (DOWN 49.78)

WEEK 10:

March 5, 2007 2,997.88 (DOWN 142.46)
March 6, 2007 2,973.27 (DOWN 24.61)
March 7, 2007 3,063.26 (UP 89.99)
March 8, 2007 3,028.37 (DOWN 34.89)

The trend: UP (25); DOWN (23); = (0)

queetz@home

March 9th, 2007, 03:05 AM

It looks like the market is starting to pick up. I'm trying to buy more shares and I couldn't get what I want since they are getting more expensive when I try to input a buy order (and I always bid low given the recent plunge....). Oh well, at least my existing losses will hopefully recover.

portludlow

March 9th, 2007, 05:26 AM

This market is driving me nuts,:nuts: momentum players are keeping the markets volatile. They are looking for short term gains instead in positioning for long term investments. Small investors are getting squeezed. How in the world can gold go down when equities are being dump? Today equities are recovering and so are precious metals. Dont they move the opposite way? But again, what do I know?:) We need @problemsolver to ponder on this dilemma.:lol:

Rene Ybardolaza

March 9th, 2007, 06:22 AM

Start small and use your margin.
Here's how you compound your gains:
3% Gains every week x 4 = 12%
In 1 year = 244%

If you started small say, 50,000 pesos, 1 year gains = 50,000 + 122,000 = 172,000 pesos. (Just don't get emotional , ei. greed)

Do this in 5 years, consistently, you have reserve yourself a good retirement or more investment funding.

Is this the problemsolver you're talking about? :lol: Advice like this, we don't need now. I think this kind of thinking is what got us into this mess to begin with.

portludlow

March 9th, 2007, 06:32 AM

^^ 244% gain in one year sounds good to me. We can all retire early and just bum around. Rene, how is the medical transcription business since EMR is only around the corner?

Rene Ybardolaza

March 9th, 2007, 07:11 AM

^^ 244% gain in one year sounds good to me. We can all retire early and just bum around. Rene, how is the medical transcription business since EMR is only around the corner?

There’s lots of buzz about EMR, but like VHS vs. Beta, there is still no standard. Only the Government with its deep pocket can get this process coordinated. It’s really a shame. The medical field is so far behind when it comes to technological advancement when compared to banking, for example. I think the bigger threat to medical transcription as we know it now is the great leaps being made to the technology of voice recognition.

kianshi

March 9th, 2007, 02:06 PM

whats the latest update in the stock market and peso??

IsaRic

March 10th, 2007, 02:12 AM

wats the update today? ive heard the stock went up to its week high...

JustHorace

March 10th, 2007, 02:15 AM

^^3099.82 (up 71.45)

larissa

March 10th, 2007, 01:04 PM

hello guys,i am a junior student. i am posting here because we have an economics project that required us to study the phil peso - us dollar exchange rate and we have to analyze it over a span of two weeks.

we have questions which i really dont know how to answer...example...:

1) On which day (week 1) did the Philippine peso appreciate the most? Why?
2) On which day (week 1) did the Philippine peso depreciate the most? Why?
3) On which day (week 2) did the Philippine peso appreciate the most? Why?
4) On which day (week 2) did the Philippine peso depreciate the most? Why?
5) On which week did the Philippines experience sustained appreciation of its domestic currency? Why?
6) On which week did the Philippines experience sustained depreciation of its domestic currency? Why?
7) What are the effects of “too much appreciation of the Philippine peso to the export industry? To the domestic market? Explain.
8) What are some of the safety nets our government can put in place in order to lessen the negative effects of currency appreciation?

larissa

bonixx

March 10th, 2007, 01:14 PM

@larrisa Basahin mo lang tong thread na to sobrang updated medyo may trouble lang sa reason why it the peso depreciate or apreciate...

larissa

March 11th, 2007, 04:36 AM

oh thanks bonnix. but i have one more questions i really can't seem to answer. What are the effects of too much peso appreciation to our domestic market and the exporting industry?:ohno:

Sinjin P.

March 11th, 2007, 12:52 PM

HOW IS THE PESO?

1st Quarter

WEEK 1:

January 2, 2007 P48.92 (UP P0.11)
January 3, 2007 P48.88 (UP P0.04)
January 4, 2007 P48.83 (UP P0.05)
January 5, 2007 P48.84 (DOWN P0.01)

WEEK 2:

January 8, 2007 P48.835 (UP P0.005)
January 9, 2007 P48.66 (UP P0.175)
January 10, 2007 P48.91 (DOWN P0.25)
January 11, 2007 P49.03 (DOWN P0.12)
January 12, 2007 P49.015 (UP P0.015)

WEEK 3:
January 15, 2007 P48.86 (UP P0.155)
January 16, 2007 P48.725 (UP P0.135)
January 17, 2007 P48.85 (DOWN P0.125)
January 18, 2007 P48.79 (UP P0.06)
January 19, 2007 P48.895 (DOWN P0.105)

WEEK 4:
January 22, 2007 P49.03 (DOWN P0.135)
January 23, 2007 P48.93 (UP P0.10)
January 24, 2007 P48.84 (UP P0.09)
January 25, 2007 P48.95 (DOWN P0.11)
January 26, 2007 P49.09 (DOWN P0.14)

WEEK 5:
January 29, 2007 P49.13 (DOWN P0.14)
January 30, 2007 P48.955 (UP P0.175)
January 31, 2007 P48.90 (UP P0.055)
February 1, 2007 P48.735 (UP P0.165)
February 2, 2007 [P48.71 (UP P0.025)

WEEK 6:
February 5, 2007 P48.67 (UP P0.04)
February 6, 2007 P48.505 (UP P0.165)
February 7, 2007 P48.355 (UP P0.15)
February 8, 2007 P48.39 (DOWN P0.035)
February 9, 2007 P48.305 (UP P0.085)

WEEK 7:
February 12, 2007 P48.365 (DOWN P0.06)
February 13, 2007 P48.50 (DOWN P0.135)
February 14, 2007 P48.385 (UP P0.115)
February 15, 2007 P48.25 (UP P0.135)
February 16, 2007 P48.10 (UP P0.15)

WEEK 8:

February 19, 2007 P48.10 (=)
February 20, 2007 P48.05 (UP P0.05)
February 21, 2007 P48.125 (DOWN P0.075)
February 22, 2007 P48.30 (DOWN P0.175)
February 23, 2007 P48.155 (UP P0.145)

WEEK 9:

February 26, 2007 P48.245 (DOWN P0.09)
February 27, 2007 P48.38 (DOWN P0.135)
February 28, 2007 P48.54 (DOWN P0.16)
March 1, 2007 P48.59 (DOWN P0.05)
March 2, 2007 P48.715 (DOWN P0.125)

WEEK 10:

March 5, 2007 P48.89 (DOWN P0.175)
March 6, 2007 P48.835 (UP P0.055)
March 7, 2007 P48.735 (UP P0.10)
March 8, 2007 P48.53 (UP P0.205)
[B]March 9, 2007 P48.545 (DOWN P0.015)

The trend: UP (27); DOWN (21); = (1)

HOW IS THE PHILIPPINE STOCK EXCHANGE?

1st Quarter

WEEK 1:

January 2, 2007 2,976.85 (DOWN 5.69)
January 3, 2007 3,020.70 (UP 43.85)
January 4, 2007 3012.74 (DOWN 7.96)
January 5, 2007 2,996.39 (DOWN 16.35)

WEEK 2:

January 8, 2007 2,952.32 (DOWN 44.07)
January 9, 2007 2,972.32 (UP 20.00)
January 10, 2007 2,951.08 (DOWN 21.24)
January 11, 2007 2,940.16 (DOWN 10.92)
January 12, 2007 2,992.33 (UP 52.17)

WEEK 3:

January 15, 2007 3,019.06 (UP 26.73)
January 16, 2007 3,070.29 (UP 51.23)
January 17, 2007 3,041.56 (DOWN 28.73)
January 18, 2007 3,081.73 (UP 40.17)
January 19, 2007 3,085.18 (UP 3.45)

WEEK 4:
January 22, 2007 3,141.28 (UP 56.10)
January 23, 2007 3,199.34 (UP 58.06)
January 24, 2007 3,244.75 (UP 45.41)
January 25, 2007 3,275.19 (UP 30.44)
January 26, 2007 3,162.82 (DOWN 112.37)

WEEK 5:
January 29, 2007 3,177.36 (UP 14.54)
January 30, 2007 3,196.66 (UP 19.30)
January 31, 2007 3,239.27 (UP 42.61)
February 1, 2007 3,245.26 (UP 5.99)
February 2, 2007 3,269.18 (UP 23.92)

WEEK 6:
February 5, 2007 3,281.90 (UP 12.72)
February 6, 2007 3,271.97 (DOWN 9.93)
February 7, 2007 3232.39 (DOWN 39.58)
February 8, 2007 3,196.08 (DOWN 36.31)
February 9, 2007 3,245.81 (UP 49.73)

WEEK 7:
February 12, 2007 3,234.16 (DOWN 11.65)
February 13, 2007 3,233.91 (DOWN 0.25)
February 14, 2007 3,300.94 (UP 67.03)
February 15, 2007 3,379.37 (UP 78.43)
February 16, 2007 3,333.56 (DOWN 45.81)

WEEK 8:

February 19, 2007 3,329.03 (DOWN 4.53)
February 20, 2007 3,375.31 (UP 46.28)
February 21, 2007 3,378.92 (UP 3.61)
February 22, 2007 3,365.53 (DOWN 13.39)
February 23, 2007 3,389.37 (UP 23.84)

WEEK 9:

February 26, 2007 3,380.00 (DOWN 9.37)
February 27, 2007 3,331.29 (DOWN 48.71)
February 28, 2007 3,067.45 (DOWN 263.84)
March 1, 2007 3,190.12 (UP 122.67)
March 2, 2007 3,140.34 (DOWN 49.78)

WEEK 10:

March 5, 2007 2,997.88 (DOWN 142.46)
March 6, 2007 2,973.27 (DOWN 24.61)
March 7, 2007 3,063.26 (UP 89.99)
March 8, 2007 3,028.37 (DOWN 34.89)
March 8, 2007 3099.82 (UP 71.45)

The trend: UP (26); DOWN (23); = (0)

beads_strawberries

March 12th, 2007, 09:21 AM

^^ I heard the stocks open up high today. I hope this will be the trend for the week.

If there's any consolation as to the strength of the Philippine peso, still Barclays Capital sees the peso strengthen to around 46 against the US dollar by the end of the year despite weakening due to the upcoming election.

I guess we have to put a little patience with regard to our peso and stocks. After all, they're pretty much catching up in our favor.

Sinjin P.

March 12th, 2007, 11:03 AM

HOW IS THE PESO?

1st Quarter

WEEK 1:

January 2, 2007 P48.92 (UP P0.11)
January 3, 2007 P48.88 (UP P0.04)
January 4, 2007 P48.83 (UP P0.05)
January 5, 2007 P48.84 (DOWN P0.01)

WEEK 2:

January 8, 2007 P48.835 (UP P0.005)
January 9, 2007 P48.66 (UP P0.175)
January 10, 2007 P48.91 (DOWN P0.25)
January 11, 2007 P49.03 (DOWN P0.12)
January 12, 2007 P49.015 (UP P0.015)

WEEK 3:
January 15, 2007 P48.86 (UP P0.155)
January 16, 2007 P48.725 (UP P0.135)
January 17, 2007 P48.85 (DOWN P0.125)
January 18, 2007 P48.79 (UP P0.06)
January 19, 2007 P48.895 (DOWN P0.105)

WEEK 4:
January 22, 2007 P49.03 (DOWN P0.135)
January 23, 2007 P48.93 (UP P0.10)
January 24, 2007 P48.84 (UP P0.09)
January 25, 2007 P48.95 (DOWN P0.11)
January 26, 2007 P49.09 (DOWN P0.14)

WEEK 5:
January 29, 2007 P49.13 (DOWN P0.14)
January 30, 2007 P48.955 (UP P0.175)
January 31, 2007 P48.90 (UP P0.055)
February 1, 2007 P48.735 (UP P0.165)
February 2, 2007 [P48.71 (UP P0.025)

WEEK 6:
February 5, 2007 P48.67 (UP P0.04)
February 6, 2007 P48.505 (UP P0.165)
February 7, 2007 P48.355 (UP P0.15)
February 8, 2007 P48.39 (DOWN P0.035)
February 9, 2007 P48.305 (UP P0.085)

WEEK 7:
February 12, 2007 P48.365 (DOWN P0.06)
February 13, 2007 P48.50 (DOWN P0.135)
February 14, 2007 P48.385 (UP P0.115)
February 15, 2007 P48.25 (UP P0.135)
February 16, 2007 P48.10 (UP P0.15)

WEEK 8:

February 19, 2007 P48.10 (=)
February 20, 2007 P48.05 (UP P0.05)
February 21, 2007 P48.125 (DOWN P0.075)
February 22, 2007 P48.30 (DOWN P0.175)
February 23, 2007 P48.155 (UP P0.145)

WEEK 9:

February 26, 2007 P48.245 (DOWN P0.09)
February 27, 2007 P48.38 (DOWN P0.135)
February 28, 2007 P48.54 (DOWN P0.16)
March 1, 2007 P48.59 (DOWN P0.05)
March 2, 2007 P48.715 (DOWN P0.125)

WEEK 10:

March 5, 2007 P48.89 (DOWN P0.175)
March 6, 2007 P48.835 (UP P0.055)
March 7, 2007 P48.735 (UP P0.10)
March 8, 2007 P48.53 (UP P0.205)
March 9, 2007 P48.545 (DOWN P0.015)

WEEK 11:

March 12, 2007 P48.36 (UP P0.185)

The trend: UP (28); DOWN (21); = (1)

HOW IS THE PHILIPPINE STOCK EXCHANGE?

1st Quarter

WEEK 1:

January 2, 2007 2,976.85 (DOWN 5.69)
January 3, 2007 3,020.70 (UP 43.85)
January 4, 2007 3012.74 (DOWN 7.96)
January 5, 2007 2,996.39 (DOWN 16.35)

WEEK 2:

January 8, 2007 2,952.32 (DOWN 44.07)
January 9, 2007 2,972.32 (UP 20.00)
January 10, 2007 2,951.08 (DOWN 21.24)
January 11, 2007 2,940.16 (DOWN 10.92)
January 12, 2007 2,992.33 (UP 52.17)

WEEK 3:

January 15, 2007 3,019.06 (UP 26.73)
January 16, 2007 3,070.29 (UP 51.23)
January 17, 2007 3,041.56 (DOWN 28.73)
January 18, 2007 3,081.73 (UP 40.17)
January 19, 2007 3,085.18 (UP 3.45)

WEEK 4:
January 22, 2007 3,141.28 (UP 56.10)
January 23, 2007 3,199.34 (UP 58.06)
January 24, 2007 3,244.75 (UP 45.41)
January 25, 2007 3,275.19 (UP 30.44)
January 26, 2007 3,162.82 (DOWN 112.37)

WEEK 5:
January 29, 2007 3,177.36 (UP 14.54)
January 30, 2007 3,196.66 (UP 19.30)
January 31, 2007 3,239.27 (UP 42.61)
February 1, 2007 3,245.26 (UP 5.99)
February 2, 2007 3,269.18 (UP 23.92)

WEEK 6:
February 5, 2007 3,281.90 (UP 12.72)
February 6, 2007 3,271.97 (DOWN 9.93)
February 7, 2007 3232.39 (DOWN 39.58)
February 8, 2007 3,196.08 (DOWN 36.31)
February 9, 2007 3,245.81 (UP 49.73)

WEEK 7:
February 12, 2007 3,234.16 (DOWN 11.65)
February 13, 2007 3,233.91 (DOWN 0.25)
February 14, 2007 3,300.94 (UP 67.03)
February 15, 2007 3,379.37 (UP 78.43)
February 16, 2007 3,333.56 (DOWN 45.81)

WEEK 8:

February 19, 2007 3,329.03 (DOWN 4.53)
February 20, 2007 3,375.31 (UP 46.28)
February 21, 2007 3,378.92 (UP 3.61)
February 22, 2007 3,365.53 (DOWN 13.39)
February 23, 2007 3,389.37 (UP 23.84)

WEEK 9:

February 26, 2007 3,380.00 (DOWN 9.37)
February 27, 2007 3,331.29 (DOWN 48.71)
February 28, 2007 3,067.45 (DOWN 263.84)
March 1, 2007 3,190.12 (UP 122.67)
March 2, 2007 3,140.34 (DOWN 49.78)

WEEK 10:

March 5, 2007 2,997.88 (DOWN 142.46)
March 6, 2007 2,973.27 (DOWN 24.61)
March 7, 2007 3,063.26 (UP 89.99)
March 8, 2007 3,028.37 (DOWN 34.89)
March 9, 2007 3099.82 (UP 71.45)

WEEK 11:

March 12, 2007 3,124.96 (UP 25.14)

The trend: UP (27); DOWN (23); = (0)

Sinjin P.

March 13th, 2007, 11:25 AM

HOW IS THE PESO?

1st Quarter

WEEK 1:

January 2, 2007 P48.92 (UP P0.11)
January 3, 2007 P48.88 (UP P0.04)
January 4, 2007 P48.83 (UP P0.05)
January 5, 2007 P48.84 (DOWN P0.01)

WEEK 2:

January 8, 2007 P48.835 (UP P0.005)
January 9, 2007 P48.66 (UP P0.175)
January 10, 2007 P48.91 (DOWN P0.25)
January 11, 2007 P49.03 (DOWN P0.12)
January 12, 2007 P49.015 (UP P0.015)

WEEK 3:
January 15, 2007 P48.86 (UP P0.155)
January 16, 2007 P48.725 (UP P0.135)
January 17, 2007 P48.85 (DOWN P0.125)
January 18, 2007 P48.79 (UP P0.06)
January 19, 2007 P48.895 (DOWN P0.105)

WEEK 4:
January 22, 2007 P49.03 (DOWN P0.135)
January 23, 2007 P48.93 (UP P0.10)
January 24, 2007 P48.84 (UP P0.09)
January 25, 2007 P48.95 (DOWN P0.11)
January 26, 2007 P49.09 (DOWN P0.14)

WEEK 5:
January 29, 2007 P49.13 (DOWN P0.14)
January 30, 2007 P48.955 (UP P0.175)
January 31, 2007 P48.90 (UP P0.055)
February 1, 2007 P48.735 (UP P0.165)
February 2, 2007 [P48.71 (UP P0.025)

WEEK 6:
February 5, 2007 P48.67 (UP P0.04)
February 6, 2007 P48.505 (UP P0.165)
February 7, 2007 P48.355 (UP P0.15)
February 8, 2007 P48.39 (DOWN P0.035)
February 9, 2007 P48.305 (UP P0.085)

WEEK 7:
February 12, 2007 P48.365 (DOWN P0.06)
February 13, 2007 P48.50 (DOWN P0.135)
February 14, 2007 P48.385 (UP P0.115)
February 15, 2007 P48.25 (UP P0.135)
February 16, 2007 P48.10 (UP P0.15)

WEEK 8:

February 19, 2007 P48.10 (=)
February 20, 2007 P48.05 (UP P0.05)
February 21, 2007 P48.125 (DOWN P0.075)
February 22, 2007 P48.30 (DOWN P0.175)
February 23, 2007 P48.155 (UP P0.145)

WEEK 9:

February 26, 2007 P48.245 (DOWN P0.09)
February 27, 2007 P48.38 (DOWN P0.135)
February 28, 2007 P48.54 (DOWN P0.16)
March 1, 2007 P48.59 (DOWN P0.05)
March 2, 2007 P48.715 (DOWN P0.125)

WEEK 10:

March 5, 2007 P48.89 (DOWN P0.175)
March 6, 2007 P48.835 (UP P0.055)
March 7, 2007 P48.735 (UP P0.10)
March 8, 2007 P48.53 (UP P0.205)
March 9, 2007 P48.545 (DOWN P0.015)

WEEK 11:

March 12, 2007 P48.36 (UP P0.185)
March 13, 2007 P48.50 (DOWN P0.14)

The trend: UP (28); DOWN (22); = (1)

HOW IS THE PHILIPPINE STOCK EXCHANGE?

1st Quarter

WEEK 1:

January 2, 2007 2,976.85 (DOWN 5.69)
January 3, 2007 3,020.70 (UP 43.85)
January 4, 2007 3012.74 (DOWN 7.96)
January 5, 2007 2,996.39 (DOWN 16.35)

WEEK 2:

January 8, 2007 2,952.32 (DOWN 44.07)
January 9, 2007 2,972.32 (UP 20.00)
January 10, 2007 2,951.08 (DOWN 21.24)
January 11, 2007 2,940.16 (DOWN 10.92)
January 12, 2007 2,992.33 (UP 52.17)

WEEK 3:

January 15, 2007 3,019.06 (UP 26.73)
January 16, 2007 3,070.29 (UP 51.23)
January 17, 2007 3,041.56 (DOWN 28.73)
January 18, 2007 3,081.73 (UP 40.17)
January 19, 2007 3,085.18 (UP 3.45)

WEEK 4:
January 22, 2007 3,141.28 (UP 56.10)
January 23, 2007 3,199.34 (UP 58.06)
January 24, 2007 3,244.75 (UP 45.41)
January 25, 2007 3,275.19 (UP 30.44)
January 26, 2007 3,162.82 (DOWN 112.37)

WEEK 5:
January 29, 2007 3,177.36 (UP 14.54)
January 30, 2007 3,196.66 (UP 19.30)
January 31, 2007 3,239.27 (UP 42.61)
February 1, 2007 3,245.26 (UP 5.99)
February 2, 2007 3,269.18 (UP 23.92)

WEEK 6:
February 5, 2007 3,281.90 (UP 12.72)
February 6, 2007 3,271.97 (DOWN 9.93)
February 7, 2007 3232.39 (DOWN 39.58)
February 8, 2007 3,196.08 (DOWN 36.31)
February 9, 2007 3,245.81 (UP 49.73)

WEEK 7:
February 12, 2007 3,234.16 (DOWN 11.65)
February 13, 2007 3,233.91 (DOWN 0.25)
February 14, 2007 3,300.94 (UP 67.03)
February 15, 2007 3,379.37 (UP 78.43)
February 16, 2007 3,333.56 (DOWN 45.81)

WEEK 8:

February 19, 2007 3,329.03 (DOWN 4.53)
February 20, 2007 3,375.31 (UP 46.28)
February 21, 2007 3,378.92 (UP 3.61)
February 22, 2007 3,365.53 (DOWN 13.39)
February 23, 2007 3,389.37 (UP 23.84)

WEEK 9:

February 26, 2007 3,380.00 (DOWN 9.37)
February 27, 2007 3,331.29 (DOWN 48.71)
February 28, 2007 3,067.45 (DOWN 263.84)
March 1, 2007 3,190.12 (UP 122.67)
March 2, 2007 3,140.34 (DOWN 49.78)

WEEK 10:

March 5, 2007 2,997.88 (DOWN 142.46)
March 6, 2007 2,973.27 (DOWN 24.61)
March 7, 2007 3,063.26 (UP 89.99)
March 8, 2007 3,028.37 (DOWN 34.89)
March 9, 2007 3099.82 (UP 71.45)

WEEK 11:

March 12, 2007 3,124.96 (UP 25.14)
March 13, 2007 3,181.96 (UP 57.00)

The trend: UP (28); DOWN (23); = (0)

sandrn

March 14th, 2007, 01:16 AM

The Philippine Stocks have shown robust activities in the past 3 years. Majority of the listed firms particularly the blue chips have been gaining profits for some consecutive years now. Furthermore, the listed Philippine Firms are very transparent with sound strategy for growth. More medium-scale enterprises are planning to get listed and issue an IPO to take advantage of the growing market.

queetz@home

March 14th, 2007, 03:18 AM

kiretoce

March 14th, 2007, 04:17 AM

Anybody here watches Squawk Box on CNBC? Interesting show, especially the foreign editions, Squawk Box Europe (live from London) and Squawk Box Asia (live from Hong Kong). :okay:

Sinjin P.

March 14th, 2007, 10:43 AM

HOW IS THE PESO?

1st Quarter

WEEK 1:

January 2, 2007 P48.92 (UP P0.11)
January 3, 2007 P48.88 (UP P0.04)
January 4, 2007 P48.83 (UP P0.05)
January 5, 2007 P48.84 (DOWN P0.01)

WEEK 2:

January 8, 2007 P48.835 (UP P0.005)
January 9, 2007 P48.66 (UP P0.175)
January 10, 2007 P48.91 (DOWN P0.25)
January 11, 2007 P49.03 (DOWN P0.12)
January 12, 2007 P49.015 (UP P0.015)

WEEK 3:
January 15, 2007 P48.86 (UP P0.155)
January 16, 2007 P48.725 (UP P0.135)
January 17, 2007 P48.85 (DOWN P0.125)
January 18, 2007 P48.79 (UP P0.06)
January 19, 2007 P48.895 (DOWN P0.105)

WEEK 4:
January 22, 2007 P49.03 (DOWN P0.135)
January 23, 2007 P48.93 (UP P0.10)
January 24, 2007 P48.84 (UP P0.09)
January 25, 2007 P48.95 (DOWN P0.11)
January 26, 2007 P49.09 (DOWN P0.14)

WEEK 5:
January 29, 2007 P49.13 (DOWN P0.14)
January 30, 2007 P48.955 (UP P0.175)
January 31, 2007 P48.90 (UP P0.055)
February 1, 2007 P48.735 (UP P0.165)
February 2, 2007 [P48.71 (UP P0.025)

WEEK 6:
February 5, 2007 P48.67 (UP P0.04)
February 6, 2007 P48.505 (UP P0.165)
February 7, 2007 P48.355 (UP P0.15)
February 8, 2007 P48.39 (DOWN P0.035)
February 9, 2007 P48.305 (UP P0.085)

WEEK 7:
February 12, 2007 P48.365 (DOWN P0.06)
February 13, 2007 P48.50 (DOWN P0.135)
February 14, 2007 P48.385 (UP P0.115)
February 15, 2007 P48.25 (UP P0.135)
February 16, 2007 P48.10 (UP P0.15)

WEEK 8:

February 19, 2007 P48.10 (=)
February 20, 2007 P48.05 (UP P0.05)
February 21, 2007 P48.125 (DOWN P0.075)
February 22, 2007 P48.30 (DOWN P0.175)
February 23, 2007 P48.155 (UP P0.145)

WEEK 9:

February 26, 2007 P48.245 (DOWN P0.09)
February 27, 2007 P48.38 (DOWN P0.135)
February 28, 2007 P48.54 (DOWN P0.16)
March 1, 2007 P48.59 (DOWN P0.05)
March 2, 2007 P48.715 (DOWN P0.125)

WEEK 10:

March 5, 2007 P48.89 (DOWN P0.175)
March 6, 2007 P48.835 (UP P0.055)
March 7, 2007 P48.735 (UP P0.10)
March 8, 2007 P48.53 (UP P0.205)
March 9, 2007 P48.545 (DOWN P0.015)

WEEK 11:

March 12, 2007 P48.36 (UP P0.185)
March 13, 2007 P48.50 (DOWN P0.14)
March 14, 2007 P48.75 (DOWN P0.25)

The trend: UP (28); DOWN (23); = (1)

HOW IS THE PHILIPPINE STOCK EXCHANGE?

1st Quarter

WEEK 1:

January 2, 2007 2,976.85 (DOWN 5.69)
January 3, 2007 3,020.70 (UP 43.85)
January 4, 2007 3012.74 (DOWN 7.96)
January 5, 2007 2,996.39 (DOWN 16.35)

WEEK 2:

January 8, 2007 2,952.32 (DOWN 44.07)
January 9, 2007 2,972.32 (UP 20.00)
January 10, 2007 2,951.08 (DOWN 21.24)
January 11, 2007 2,940.16 (DOWN 10.92)
January 12, 2007 2,992.33 (UP 52.17)

WEEK 3:

January 15, 2007 3,019.06 (UP 26.73)
January 16, 2007 3,070.29 (UP 51.23)
January 17, 2007 3,041.56 (DOWN 28.73)
January 18, 2007 3,081.73 (UP 40.17)
January 19, 2007 3,085.18 (UP 3.45)

WEEK 4:
January 22, 2007 3,141.28 (UP 56.10)
January 23, 2007 3,199.34 (UP 58.06)
January 24, 2007 3,244.75 (UP 45.41)
January 25, 2007 3,275.19 (UP 30.44)
January 26, 2007 3,162.82 (DOWN 112.37)

WEEK 5:
January 29, 2007 3,177.36 (UP 14.54)
January 30, 2007 3,196.66 (UP 19.30)
January 31, 2007 3,239.27 (UP 42.61)
February 1, 2007 3,245.26 (UP 5.99)
February 2, 2007 3,269.18 (UP 23.92)

WEEK 6:
February 5, 2007 3,281.90 (UP 12.72)
February 6, 2007 3,271.97 (DOWN 9.93)
February 7, 2007 3232.39 (DOWN 39.58)
February 8, 2007 3,196.08 (DOWN 36.31)
February 9, 2007 3,245.81 (UP 49.73)

WEEK 7:
February 12, 2007 3,234.16 (DOWN 11.65)
February 13, 2007 3,233.91 (DOWN 0.25)
February 14, 2007 3,300.94 (UP 67.03)
February 15, 2007 3,379.37 (UP 78.43)
February 16, 2007 3,333.56 (DOWN 45.81)

WEEK 8:

February 19, 2007 3,329.03 (DOWN 4.53)
February 20, 2007 3,375.31 (UP 46.28)
February 21, 2007 3,378.92 (UP 3.61)
February 22, 2007 3,365.53 (DOWN 13.39)
February 23, 2007 3,389.37 (UP 23.84)

WEEK 9:

February 26, 2007 3,380.00 (DOWN 9.37)
February 27, 2007 3,331.29 (DOWN 48.71)
February 28, 2007 3,067.45 (DOWN 263.84)
March 1, 2007 3,190.12 (UP 122.67)
March 2, 2007 3,140.34 (DOWN 49.78)

WEEK 10:

March 5, 2007 2,997.88 (DOWN 142.46)
March 6, 2007 2,973.27 (DOWN 24.61)
March 7, 2007 3,063.26 (UP 89.99)
March 8, 2007 3,028.37 (DOWN 34.89)
March 9, 2007 3099.82 (UP 71.45)

WEEK 11:

March 12, 2007 3,124.96 (UP 25.14)
March 13, 2007 3,181.96 (UP 57.00)
March 14, 2007 3,074.28 (DOWN 107.68)

The trend: UP (28); DOWN (24); = (0)

smokingunmanila

March 14th, 2007, 10:50 AM

the turbulence will continue with the world index..you can make a profit with the high and down of a particular stock...or just ignore the market if you are in for a long term basis...

queetz@home

March 14th, 2007, 01:52 PM

^^ Well, I have yet to buy low on the stock of the company that you work in, Michael. Man! That stock is bloody stubborn it just won't go down to the price that I want despite all these market corrections.... :rant:

-TC-

March 14th, 2007, 04:12 PM

Anybody here watches Squawk Box on CNBC? Interesting show, especially the foreign editions, Squawk Box Europe (live from London) and Squawk Box Asia (live from Hong Kong). :okay:

@kiretoce: I really miss Squawk Box... it is a good show. It was just unfortunate that Homecable removed CNBC from its channel line-up a few years ago. Homecable is now Skycable Silver and there is still no CNBC. Anyway, I'll have to switch to Skycable Platinum to be able to watch CNBC again. :ohno:

Sinjin P.

March 15th, 2007, 10:44 AM

HOW IS THE PESO?

1st Quarter

WEEK 1:

January 2, 2007 P48.92 (UP P0.11)
January 3, 2007 P48.88 (UP P0.04)
January 4, 2007 P48.83 (UP P0.05)
January 5, 2007 P48.84 (DOWN P0.01)

WEEK 2:

January 8, 2007 P48.835 (UP P0.005)
January 9, 2007 P48.66 (UP P0.175)
January 10, 2007 P48.91 (DOWN P0.25)
January 11, 2007 P49.03 (DOWN P0.12)
January 12, 2007 P49.015 (UP P0.015)

WEEK 3:
January 15, 2007 P48.86 (UP P0.155)
January 16, 2007 P48.725 (UP P0.135)
January 17, 2007 P48.85 (DOWN P0.125)
January 18, 2007 P48.79 (UP P0.06)
January 19, 2007 P48.895 (DOWN P0.105)

WEEK 4:
January 22, 2007 P49.03 (DOWN P0.135)
January 23, 2007 P48.93 (UP P0.10)
January 24, 2007 P48.84 (UP P0.09)
January 25, 2007 P48.95 (DOWN P0.11)
January 26, 2007 P49.09 (DOWN P0.14)

WEEK 5:
January 29, 2007 P49.13 (DOWN P0.14)
January 30, 2007 P48.955 (UP P0.175)
January 31, 2007 P48.90 (UP P0.055)
February 1, 2007 P48.735 (UP P0.165)
February 2, 2007 [P48.71 (UP P0.025)

WEEK 6:
February 5, 2007 P48.67 (UP P0.04)
February 6, 2007 P48.505 (UP P0.165)
February 7, 2007 P48.355 (UP P0.15)
February 8, 2007 P48.39 (DOWN P0.035)
February 9, 2007 P48.305 (UP P0.085)

WEEK 7:
February 12, 2007 P48.365 (DOWN P0.06)
February 13, 2007 P48.50 (DOWN P0.135)
February 14, 2007 P48.385 (UP P0.115)
February 15, 2007 P48.25 (UP P0.135)
February 16, 2007 P48.10 (UP P0.15)

WEEK 8:

February 19, 2007 P48.10 (=)
February 20, 2007 P48.05 (UP P0.05)
February 21, 2007 P48.125 (DOWN P0.075)
February 22, 2007 P48.30 (DOWN P0.175)
February 23, 2007 P48.155 (UP P0.145)

WEEK 9:

February 26, 2007 P48.245 (DOWN P0.09)
February 27, 2007 P48.38 (DOWN P0.135)
February 28, 2007 P48.54 (DOWN P0.16)
March 1, 2007 P48.59 (DOWN P0.05)
March 2, 2007 P48.715 (DOWN P0.125)

WEEK 10:

March 5, 2007 P48.89 (DOWN P0.175)
March 6, 2007 P48.835 (UP P0.055)
March 7, 2007 P48.735 (UP P0.10)
March 8, 2007 P48.53 (UP P0.205)
March 9, 2007 P48.545 (DOWN P0.015)

WEEK 11:

March 12, 2007 P48.36 (UP P0.185)
March 13, 2007 P48.50 (DOWN P0.14)
March 14, 2007 P48.75 (DOWN P0.25)
March 15, 2007 P48.73 (UP P0.02)

The trend: UP (29); DOWN (23); = (1)

HOW IS THE PHILIPPINE STOCK EXCHANGE?

1st Quarter

WEEK 1:

January 2, 2007 2,976.85 (DOWN 5.69)
January 3, 2007 3,020.70 (UP 43.85)
January 4, 2007 3012.74 (DOWN 7.96)
January 5, 2007 2,996.39 (DOWN 16.35)

WEEK 2:

January 8, 2007 2,952.32 (DOWN 44.07)
January 9, 2007 2,972.32 (UP 20.00)
January 10, 2007 2,951.08 (DOWN 21.24)
January 11, 2007 2,940.16 (DOWN 10.92)
January 12, 2007 2,992.33 (UP 52.17)

WEEK 3:

January 15, 2007 3,019.06 (UP 26.73)
January 16, 2007 3,070.29 (UP 51.23)
January 17, 2007 3,041.56 (DOWN 28.73)
January 18, 2007 3,081.73 (UP 40.17)
January 19, 2007 3,085.18 (UP 3.45)

WEEK 4:
January 22, 2007 3,141.28 (UP 56.10)
January 23, 2007 3,199.34 (UP 58.06)
January 24, 2007 3,244.75 (UP 45.41)
January 25, 2007 3,275.19 (UP 30.44)
January 26, 2007 3,162.82 (DOWN 112.37)

WEEK 5:
January 29, 2007 3,177.36 (UP 14.54)
January 30, 2007 3,196.66 (UP 19.30)
January 31, 2007 3,239.27 (UP 42.61)
February 1, 2007 3,245.26 (UP 5.99)
February 2, 2007 3,269.18 (UP 23.92)

WEEK 6:
February 5, 2007 3,281.90 (UP 12.72)
February 6, 2007 3,271.97 (DOWN 9.93)
February 7, 2007 3232.39 (DOWN 39.58)
February 8, 2007 3,196.08 (DOWN 36.31)
February 9, 2007 3,245.81 (UP 49.73)

WEEK 7:
February 12, 2007 3,234.16 (DOWN 11.65)
February 13, 2007 3,233.91 (DOWN 0.25)
February 14, 2007 3,300.94 (UP 67.03)
February 15, 2007 3,379.37 (UP 78.43)
February 16, 2007 3,333.56 (DOWN 45.81)

WEEK 8:

February 19, 2007 3,329.03 (DOWN 4.53)
February 20, 2007 3,375.31 (UP 46.28)
February 21, 2007 3,378.92 (UP 3.61)
February 22, 2007 3,365.53 (DOWN 13.39)
February 23, 2007 3,389.37 (UP 23.84)

WEEK 9:

February 26, 2007 3,380.00 (DOWN 9.37)
February 27, 2007 3,331.29 (DOWN 48.71)
February 28, 2007 3,067.45 (DOWN 263.84)
March 1, 2007 3,190.12 (UP 122.67)
March 2, 2007 3,140.34 (DOWN 49.78)

WEEK 10:

March 5, 2007 2,997.88 (DOWN 142.46)
March 6, 2007 2,973.27 (DOWN 24.61)
March 7, 2007 3,063.26 (UP 89.99)
March 8, 2007 3,028.37 (DOWN 34.89)
March 9, 2007 3099.82 (UP 71.45)

WEEK 11:

March 12, 2007 3,124.96 (UP 25.14)
March 13, 2007 3,181.96 (UP 57.00)
March 14, 2007 3,074.28 (DOWN 107.68)
March 15, 2007 3,043.61 (DOWN 30.67)

The trend: UP (28); DOWN (25); = (0)

flymordecai

March 15th, 2007, 11:37 AM

The current period right now is crazy. Not sure whether the momentum is up or down. It's all out of wack. Is there still optimism of momentum and positivity like 3 weeks ago?

venntro

March 16th, 2007, 06:07 AM

Personally, I want the PSE to open the market for REITs. It will spur further the real estate development and also encourage more investors in the stock market. This will definitely increase the daily volume of the PSE.

smokingunmanila

March 16th, 2007, 07:31 AM

Well did you know during the low low's of the stock market...I think that was only like 3 years ago...when the index was at around 1100...the volume was around 300-400M a day.

PLDt I think was trading only around 950-1020...of course my favorite ABS was trading at 10.50-11.00..meralco was trading at 14/share and Merb was trading at 16/share....

All I can say is..'SANA MAULIT MULI!

queetz@home

March 16th, 2007, 07:34 AM

The problem with our stock market is there isn't enough investors. There are only 200k people that actively invest in the PSE, which is paltry given that even if only 10% of the population is well to do, that would be around 8 million people! One thing that I really notice is liquidity really sucks. Except for certain high volume trading companies like PLDT and small cap mining firms, there isn't really much trading going on unless there is a HUGE external event that entices the very few that do trade to buy or sell something.... :rant:

Sinjin P.

March 16th, 2007, 10:25 AM

Asia stocks seen shaky next week, eyes on Fed meeting

Asian stocks are in for another rough ride in the week ahead amid worries about U.S. subprime mortgage woes and receding risk appetite, and as investors await the outcome of a U.S. interest rate meeting.

In Hong Kong, investors are bracing for a flurry of earnings results from major firms such as conglomerate Hutchison Whampoa and sister property firm Cheung Kong, China Mobile Ltd. and PetroChina.

The Federal Reserve will hold a policy-setting meeting on Tuesday and Wednesday, but no rate move is expected. Investors, though, will be looking closely for clues to future U.S. rate action.

Growth concerns and fears of possible contagion from the troubled U.S. subprime mortgage lending sector may see the Fed cut rates in the third quarter, the latest Reuters poll showed.

MSCI's index of Asia Pacific stocks had its third volatile week. The market gauge has fallen about 5 percent from the peak set on Feb. 27, but was off a near 2-month low plumbed on March 5.

Despite the recent big declines, many analysts remain optimistic about the outlook for Asian markets, believing the long-term uptrend remains intact.

ABN AMRO analyst Mun Hon Tham said further downside to regional equities markets was limited, given the global economy was not facing a sharp slowdown and growth looked likely to rebound by the end of the first half of 2007.

"In fact, our global economics team is projecting 2007 GDP growth at 2.7 percent for the U.S., 2.6 percent for the EU and 2.2 percent for Japan. This is hardly an environment for a bear market, in our view," he said. - Reuters

Sinjin P.

March 16th, 2007, 10:50 AM

HOW IS THE PESO?

1st Quarter

WEEK 1:

January 2, 2007 P48.92 (UP P0.11)
January 3, 2007 P48.88 (UP P0.04)
January 4, 2007 P48.83 (UP P0.05)
January 5, 2007 P48.84 (DOWN P0.01)

WEEK 2:

January 8, 2007 P48.835 (UP P0.005)
January 9, 2007 P48.66 (UP P0.175)
January 10, 2007 P48.91 (DOWN P0.25)
January 11, 2007 P49.03 (DOWN P0.12)
January 12, 2007 P49.015 (UP P0.015)

WEEK 3:
January 15, 2007 P48.86 (UP P0.155)
January 16, 2007 P48.725 (UP P0.135)
January 17, 2007 P48.85 (DOWN P0.125)
January 18, 2007 P48.79 (UP P0.06)
January 19, 2007 P48.895 (DOWN P0.105)

WEEK 4:
January 22, 2007 P49.03 (DOWN P0.135)
January 23, 2007 P48.93 (UP P0.10)
January 24, 2007 P48.84 (UP P0.09)
January 25, 2007 P48.95 (DOWN P0.11)
January 26, 2007 P49.09 (DOWN P0.14)

WEEK 5:
January 29, 2007 P49.13 (DOWN P0.14)
January 30, 2007 P48.955 (UP P0.175)
January 31, 2007 P48.90 (UP P0.055)
February 1, 2007 P48.735 (UP P0.165)
February 2, 2007 [P48.71 (UP P0.025)

WEEK 6:
February 5, 2007 P48.67 (UP P0.04)
February 6, 2007 P48.505 (UP P0.165)
February 7, 2007 P48.355 (UP P0.15)
February 8, 2007 P48.39 (DOWN P0.035)
February 9, 2007 P48.305 (UP P0.085)

WEEK 7:
February 12, 2007 P48.365 (DOWN P0.06)
February 13, 2007 P48.50 (DOWN P0.135)
February 14, 2007 P48.385 (UP P0.115)
February 15, 2007 P48.25 (UP P0.135)
February 16, 2007 P48.10 (UP P0.15)

WEEK 8:

February 19, 2007 P48.10 (=)
February 20, 2007 P48.05 (UP P0.05)
February 21, 2007 P48.125 (DOWN P0.075)
February 22, 2007 P48.30 (DOWN P0.175)
February 23, 2007 P48.155 (UP P0.145)

WEEK 9:

February 26, 2007 P48.245 (DOWN P0.09)
February 27, 2007 P48.38 (DOWN P0.135)
February 28, 2007 P48.54 (DOWN P0.16)
March 1, 2007 P48.59 (DOWN P0.05)
March 2, 2007 P48.715 (DOWN P0.125)

WEEK 10:

March 5, 2007 P48.89 (DOWN P0.175)
March 6, 2007 P48.835 (UP P0.055)
March 7, 2007 P48.735 (UP P0.10)
March 8, 2007 P48.53 (UP P0.205)
March 9, 2007 P48.545 (DOWN P0.015)

WEEK 11:

March 12, 2007 P48.36 (UP P0.185)
March 13, 2007 P48.50 (DOWN P0.14)
March 14, 2007 P48.75 (DOWN P0.25)
March 15, 2007 P48.73 (UP P0.02)
March 16, 2007 P48.85 (DOWN P0.12)

The trend: UP (29); DOWN (24); = (1)

HOW IS THE PHILIPPINE STOCK EXCHANGE?

1st Quarter

WEEK 1:

January 2, 2007 2,976.85 (DOWN 5.69)
January 3, 2007 3,020.70 (UP 43.85)
January 4, 2007 3012.74 (DOWN 7.96)
January 5, 2007 2,996.39 (DOWN 16.35)

WEEK 2:

January 8, 2007 2,952.32 (DOWN 44.07)
January 9, 2007 2,972.32 (UP 20.00)
January 10, 2007 2,951.08 (DOWN 21.24)
January 11, 2007 2,940.16 (DOWN 10.92)
January 12, 2007 2,992.33 (UP 52.17)

WEEK 3:

January 15, 2007 3,019.06 (UP 26.73)
January 16, 2007 3,070.29 (UP 51.23)
January 17, 2007 3,041.56 (DOWN 28.73)
January 18, 2007 3,081.73 (UP 40.17)
January 19, 2007 3,085.18 (UP 3.45)

WEEK 4:
January 22, 2007 3,141.28 (UP 56.10)
January 23, 2007 3,199.34 (UP 58.06)
January 24, 2007 3,244.75 (UP 45.41)
January 25, 2007 3,275.19 (UP 30.44)
January 26, 2007 3,162.82 (DOWN 112.37)

WEEK 5:
January 29, 2007 3,177.36 (UP 14.54)
January 30, 2007 3,196.66 (UP 19.30)
January 31, 2007 3,239.27 (UP 42.61)
February 1, 2007 3,245.26 (UP 5.99)
February 2, 2007 3,269.18 (UP 23.92)

WEEK 6:
February 5, 2007 3,281.90 (UP 12.72)
February 6, 2007 3,271.97 (DOWN 9.93)
February 7, 2007 3232.39 (DOWN 39.58)
February 8, 2007 3,196.08 (DOWN 36.31)
February 9, 2007 3,245.81 (UP 49.73)

WEEK 7:
February 12, 2007 3,234.16 (DOWN 11.65)
February 13, 2007 3,233.91 (DOWN 0.25)
February 14, 2007 3,300.94 (UP 67.03)
February 15, 2007 3,379.37 (UP 78.43)
February 16, 2007 3,333.56 (DOWN 45.81)

WEEK 8:

February 19, 2007 3,329.03 (DOWN 4.53)
February 20, 2007 3,375.31 (UP 46.28)
February 21, 2007 3,378.92 (UP 3.61)
February 22, 2007 3,365.53 (DOWN 13.39)
February 23, 2007 3,389.37 (UP 23.84)

WEEK 9:

February 26, 2007 3,380.00 (DOWN 9.37)
February 27, 2007 3,331.29 (DOWN 48.71)
February 28, 2007 3,067.45 (DOWN 263.84)
March 1, 2007 3,190.12 (UP 122.67)
March 2, 2007 3,140.34 (DOWN 49.78)

WEEK 10:

March 5, 2007 2,997.88 (DOWN 142.46)
March 6, 2007 2,973.27 (DOWN 24.61)
March 7, 2007 3,063.26 (UP 89.99)
March 8, 2007 3,028.37 (DOWN 34.89)
March 9, 2007 3099.82 (UP 71.45)

WEEK 11:

March 12, 2007 3,124.96 (UP 25.14)
March 13, 2007 3,181.96 (UP 57.00)
March 14, 2007 3,074.28 (DOWN 107.68)
March 15, 2007 3,043.61 (DOWN 30.67)
March 16, 2007 3,062.25 (UP 18.64)

The trend: UP (29); DOWN (25); = (0)

queetz@home

March 16th, 2007, 10:53 AM

^^ It seems that whenever there is a downturn in the market, it takes at least three days to recover. At this rate, it will take a long time until we are back to February levels.... :rant:

smokingunmanila

March 16th, 2007, 01:44 PM

don't worry...i think it is fighting it's 3000 level...mukang ayaw pa din mag sell off ng iba and some are just waiting for bargain hunting...anyway..off to Tessie Tomas show...

queetz@home

March 16th, 2007, 08:14 PM

^^ Yeah, I'm one of those that are trying to bargain hunt shares.....namely that of the real estate company that you work in! Man! That stock is resilient I wouldn't mind getting more of those. All it takes is a small slip up by a panicky investor....hope hope :yes:

smokingunmanila

March 16th, 2007, 09:59 PM

Hmmm....good choice...bilhin mo din yung bumili ng MEG ng 25% share...AGI ata yun....good buy...

Sinjin P.

March 19th, 2007, 11:09 AM

HOW IS THE PESO?

1st Quarter

WEEK 1:

January 2, 2007 P48.92 (UP P0.11)
January 3, 2007 P48.88 (UP P0.04)
January 4, 2007 P48.83 (UP P0.05)
January 5, 2007 P48.84 (DOWN P0.01)

WEEK 2:

January 8, 2007 P48.835 (UP P0.005)
January 9, 2007 P48.66 (UP P0.175)
January 10, 2007 P48.91 (DOWN P0.25)
January 11, 2007 P49.03 (DOWN P0.12)
January 12, 2007 P49.015 (UP P0.015)

WEEK 3:
January 15, 2007 P48.86 (UP P0.155)
January 16, 2007 P48.725 (UP P0.135)
January 17, 2007 P48.85 (DOWN P0.125)
January 18, 2007 P48.79 (UP P0.06)
January 19, 2007 P48.895 (DOWN P0.105)

WEEK 4:
January 22, 2007 P49.03 (DOWN P0.135)
January 23, 2007 P48.93 (UP P0.10)
January 24, 2007 P48.84 (UP P0.09)
January 25, 2007 P48.95 (DOWN P0.11)
January 26, 2007 P49.09 (DOWN P0.14)

WEEK 5:
January 29, 2007 P49.13 (DOWN P0.14)
January 30, 2007 P48.955 (UP P0.175)
January 31, 2007 P48.90 (UP P0.055)
February 1, 2007 P48.735 (UP P0.165)
February 2, 2007 [P48.71 (UP P0.025)

WEEK 6:
February 5, 2007 P48.67 (UP P0.04)
February 6, 2007 P48.505 (UP P0.165)
February 7, 2007 P48.355 (UP P0.15)
February 8, 2007 P48.39 (DOWN P0.035)
February 9, 2007 P48.305 (UP P0.085)

WEEK 7:
February 12, 2007 P48.365 (DOWN P0.06)
February 13, 2007 P48.50 (DOWN P0.135)
February 14, 2007 P48.385 (UP P0.115)
February 15, 2007 P48.25 (UP P0.135)
February 16, 2007 P48.10 (UP P0.15)

WEEK 8:

February 19, 2007 P48.10 (=)
February 20, 2007 P48.05 (UP P0.05)
February 21, 2007 P48.125 (DOWN P0.075)
February 22, 2007 P48.30 (DOWN P0.175)
February 23, 2007 P48.155 (UP P0.145)

WEEK 9:

February 26, 2007 P48.245 (DOWN P0.09)
February 27, 2007 P48.38 (DOWN P0.135)
February 28, 2007 P48.54 (DOWN P0.16)
March 1, 2007 P48.59 (DOWN P0.05)
March 2, 2007 P48.715 (DOWN P0.125)

WEEK 10:

March 5, 2007 P48.89 (DOWN P0.175)
March 6, 2007 P48.835 (UP P0.055)
March 7, 2007 P48.735 (UP P0.10)
March 8, 2007 P48.53 (UP P0.205)
March 9, 2007 P48.545 (DOWN P0.015)

WEEK 11:

March 12, 2007 P48.36 (UP P0.185)
March 13, 2007 P48.50 (DOWN P0.14)
March 14, 2007 P48.75 (DOWN P0.25)
March 15, 2007 P48.73 (UP P0.02)
March 16, 2007 P48.85 (DOWN P0.12)

WEEK 12:

March 19, 2007 P48.725 (UP P0.125)

The trend: UP (30); DOWN (24); = (1)

HOW IS THE PHILIPPINE STOCK EXCHANGE?

1st Quarter

WEEK 1:

January 2, 2007 2,976.85 (DOWN 5.69)
January 3, 2007 3,020.70 (UP 43.85)
January 4, 2007 3012.74 (DOWN 7.96)
January 5, 2007 2,996.39 (DOWN 16.35)

WEEK 2:

January 8, 2007 2,952.32 (DOWN 44.07)
January 9, 2007 2,972.32 (UP 20.00)
January 10, 2007 2,951.08 (DOWN 21.24)
January 11, 2007 2,940.16 (DOWN 10.92)
January 12, 2007 2,992.33 (UP 52.17)

WEEK 3:

January 15, 2007 3,019.06 (UP 26.73)
January 16, 2007 3,070.29 (UP 51.23)
January 17, 2007 3,041.56 (DOWN 28.73)
January 18, 2007 3,081.73 (UP 40.17)
January 19, 2007 3,085.18 (UP 3.45)

WEEK 4:
January 22, 2007 3,141.28 (UP 56.10)
January 23, 2007 3,199.34 (UP 58.06)
January 24, 2007 3,244.75 (UP 45.41)
January 25, 2007 3,275.19 (UP 30.44)
January 26, 2007 3,162.82 (DOWN 112.37)

WEEK 5:
January 29, 2007 3,177.36 (UP 14.54)
January 30, 2007 3,196.66 (UP 19.30)
January 31, 2007 3,239.27 (UP 42.61)
February 1, 2007 3,245.26 (UP 5.99)
February 2, 2007 3,269.18 (UP 23.92)

WEEK 6:
February 5, 2007 3,281.90 (UP 12.72)
February 6, 2007 3,271.97 (DOWN 9.93)
February 7, 2007 3232.39 (DOWN 39.58)
February 8, 2007 3,196.08 (DOWN 36.31)
February 9, 2007 3,245.81 (UP 49.73)

WEEK 7:
February 12, 2007 3,234.16 (DOWN 11.65)
February 13, 2007 3,233.91 (DOWN 0.25)
February 14, 2007 3,300.94 (UP 67.03)
February 15, 2007 3,379.37 (UP 78.43)
February 16, 2007 3,333.56 (DOWN 45.81)

WEEK 8:

February 19, 2007 3,329.03 (DOWN 4.53)
February 20, 2007 3,375.31 (UP 46.28)
February 21, 2007 3,378.92 (UP 3.61)
February 22, 2007 3,365.53 (DOWN 13.39)
February 23, 2007 3,389.37 (UP 23.84)

WEEK 9:

February 26, 2007 3,380.00 (DOWN 9.37)
February 27, 2007 3,331.29 (DOWN 48.71)
February 28, 2007 3,067.45 (DOWN 263.84)
March 1, 2007 3,190.12 (UP 122.67)
March 2, 2007 3,140.34 (DOWN 49.78)

WEEK 10:

March 5, 2007 2,997.88 (DOWN 142.46)
March 6, 2007 2,973.27 (DOWN 24.61)
March 7, 2007 3,063.26 (UP 89.99)
March 8, 2007 3,028.37 (DOWN 34.89)
March 9, 2007 3099.82 (UP 71.45)

WEEK 11:

March 12, 2007 3,124.96 (UP 25.14)
March 13, 2007 3,181.96 (UP 57.00)
March 14, 2007 3,074.28 (DOWN 107.68)
March 15, 2007 3,043.61 (DOWN 30.67)
March 16, 2007 3,062.25 (UP 18.64)

WEEK 12:

March 19, 2007 3,041.38 (DOWN 20.87)

The trend: UP (29); DOWN (26); = (0)

venntro

March 19th, 2007, 11:58 AM

^^ The stock market is still quite volatile. However, market analysts are quite confident that Philippine stocks will hit the 3,500 level. Let's keep our fingers crossed.

queetz@home

March 19th, 2007, 12:16 PM

^^ Which market analyst are those? Be nice if it hits 3,500. I need to recoup some losses... :(

kiretoce

March 19th, 2007, 06:20 PM

Cebu Pacific’s IPO set June (http://www.manilastandardtoday.com/?page=business1_mar19_2007)
By Jenniffer B. Austria

Cebu Air Inc., the airline company of business tycoon John Gokongwei, has advanced its plan to conduct an initial public offering to June this year instead of next year.

Cebu Pacific will join broadcasting giant GMA Network with its plan to conduct an IPO this June.

In separate filings with the Securities and Exchange Commission, the legal counsels of the two companies said their clients planned to offer their shares to the public in June and asked the commission to exempt them from the submission of an audited financial report for the first quarter of 2007.

Cebu Pacific and GMA Network instead asked the SEC to allow them to file their 2006 audited financial statements.

The lawyers said the timetable for the planned IPO in June would not give Cebu Pacific and GMA Network sufficient time to prepare the first quarter audited financial statements.

Cebu Pacific earlier said it would conduct an IPO in 2008.

Documents obtained from the commission did not explain why the airline reset the planned IPO. The airline is now aggressively expanding its operations with the acquisition of new aircraft.

Cebu Pacific said last week that the company would expand its fleet further with the purchase of additional 20 Airbus A320 aircraft worth $1.3 billion. It recently completed its $670-million refleeting program on March 2.

The airline operates in 20 domestic and seven regional destinations using 10 A319s and 4 A320s, with a fleet age of less than one year.

The airline said it would take short to medium-term leases on Airbus A320 aircraft to bridge the gap from now until the first delivery in 2010. Two Airbus A320 aircraft have been delivered early this year and an additional one or two will be delivered within the year.

Three to four Airbus A320 aircraft will be added to Cebu Pacific’s fleet each year between 2008 and 2009.

Industry sources said the airline would be flying daily to Taiwan in the second quarter of the year. Cebu Pacific said it was now accepting reservations for its inaugural flight.

GMA Network, meanwhile, plans to raise P5 billion to P6 billion, which can be used to complete the two state-of-the-art studios worth P1 billion.

Three companies have already filed applications for IPO this year. They are National Reinsurance Corp. of the Philippines, Pacific Online Systems Corp. and Pikeville Resources Corp.

smokingunmanila

March 19th, 2007, 06:46 PM

^^ Which market analyst are those? Be nice if it hits 3,500. I need to recoup some losses... :(

dapat liberalize pa ang stock market...open market for small caps companies etc....para masaya....

queetz@home

March 20th, 2007, 06:01 AM

Sinjin P.

March 20th, 2007, 02:02 PM

HOW IS THE PESO?

1st Quarter

WEEK 1:

January 2, 2007 P48.92 (UP P0.11)
January 3, 2007 P48.88 (UP P0.04)
January 4, 2007 P48.83 (UP P0.05)
January 5, 2007 P48.84 (DOWN P0.01)

WEEK 2:

January 8, 2007 P48.835 (UP P0.005)
January 9, 2007 P48.66 (UP P0.175)
January 10, 2007 P48.91 (DOWN P0.25)
January 11, 2007 P49.03 (DOWN P0.12)
January 12, 2007 P49.015 (UP P0.015)

WEEK 3:
January 15, 2007 P48.86 (UP P0.155)
January 16, 2007 P48.725 (UP P0.135)
January 17, 2007 P48.85 (DOWN P0.125)
January 18, 2007 P48.79 (UP P0.06)
January 19, 2007 P48.895 (DOWN P0.105)

WEEK 4:
January 22, 2007 P49.03 (DOWN P0.135)
January 23, 2007 P48.93 (UP P0.10)
January 24, 2007 P48.84 (UP P0.09)
January 25, 2007 P48.95 (DOWN P0.11)
January 26, 2007 P49.09 (DOWN P0.14)

WEEK 5:
January 29, 2007 P49.13 (DOWN P0.14)
January 30, 2007 P48.955 (UP P0.175)
January 31, 2007 P48.90 (UP P0.055)
February 1, 2007 P48.735 (UP P0.165)
February 2, 2007 [P48.71 (UP P0.025)

WEEK 6:
February 5, 2007 P48.67 (UP P0.04)
February 6, 2007 P48.505 (UP P0.165)
February 7, 2007 P48.355 (UP P0.15)
February 8, 2007 P48.39 (DOWN P0.035)
February 9, 2007 P48.305 (UP P0.085)

WEEK 7:
February 12, 2007 P48.365 (DOWN P0.06)
February 13, 2007 P48.50 (DOWN P0.135)
February 14, 2007 P48.385 (UP P0.115)
February 15, 2007 P48.25 (UP P0.135)
February 16, 2007 P48.10 (UP P0.15)

WEEK 8:

February 19, 2007 P48.10 (=)
February 20, 2007 P48.05 (UP P0.05)
February 21, 2007 P48.125 (DOWN P0.075)
February 22, 2007 P48.30 (DOWN P0.175)
February 23, 2007 P48.155 (UP P0.145)

WEEK 9:

February 26, 2007 P48.245 (DOWN P0.09)
February 27, 2007 P48.38 (DOWN P0.135)
February 28, 2007 P48.54 (DOWN P0.16)
March 1, 2007 P48.59 (DOWN P0.05)
March 2, 2007 P48.715 (DOWN P0.125)

WEEK 10:

March 5, 2007 P48.89 (DOWN P0.175)
March 6, 2007 P48.835 (UP P0.055)
March 7, 2007 P48.735 (UP P0.10)
March 8, 2007 P48.53 (UP P0.205)
March 9, 2007 P48.545 (DOWN P0.015)

WEEK 11:

March 12, 2007 P48.36 (UP P0.185)
March 13, 2007 P48.50 (DOWN P0.14)
March 14, 2007 P48.75 (DOWN P0.25)
March 15, 2007 P48.73 (UP P0.02)
March 16, 2007 P48.85 (DOWN P0.12)

WEEK 12:

March 19, 2007 P48.725 (UP P0.125)
March 20, 2007 P48.585 (UP P0.14)

The trend: UP (31); DOWN (24); = (1)

HOW IS THE PHILIPPINE STOCK EXCHANGE?

1st Quarter

WEEK 1:

January 2, 2007 2,976.85 (DOWN 5.69)
January 3, 2007 3,020.70 (UP 43.85)
January 4, 2007 3012.74 (DOWN 7.96)
January 5, 2007 2,996.39 (DOWN 16.35)

WEEK 2:

January 8, 2007 2,952.32 (DOWN 44.07)
January 9, 2007 2,972.32 (UP 20.00)
January 10, 2007 2,951.08 (DOWN 21.24)
January 11, 2007 2,940.16 (DOWN 10.92)
January 12, 2007 2,992.33 (UP 52.17)

WEEK 3:

January 15, 2007 3,019.06 (UP 26.73)
January 16, 2007 3,070.29 (UP 51.23)
January 17, 2007 3,041.56 (DOWN 28.73)
January 18, 2007 3,081.73 (UP 40.17)
January 19, 2007 3,085.18 (UP 3.45)

WEEK 4:
January 22, 2007 3,141.28 (UP 56.10)
January 23, 2007 3,199.34 (UP 58.06)
January 24, 2007 3,244.75 (UP 45.41)
January 25, 2007 3,275.19 (UP 30.44)
January 26, 2007 3,162.82 (DOWN 112.37)

WEEK 5:
January 29, 2007 3,177.36 (UP 14.54)
January 30, 2007 3,196.66 (UP 19.30)
January 31, 2007 3,239.27 (UP 42.61)
February 1, 2007 3,245.26 (UP 5.99)
February 2, 2007 3,269.18 (UP 23.92)

WEEK 6:
February 5, 2007 3,281.90 (UP 12.72)
February 6, 2007 3,271.97 (DOWN 9.93)
February 7, 2007 3232.39 (DOWN 39.58)
February 8, 2007 3,196.08 (DOWN 36.31)
February 9, 2007 3,245.81 (UP 49.73)

WEEK 7:
February 12, 2007 3,234.16 (DOWN 11.65)
February 13, 2007 3,233.91 (DOWN 0.25)
February 14, 2007 3,300.94 (UP 67.03)
February 15, 2007 3,379.37 (UP 78.43)
February 16, 2007 3,333.56 (DOWN 45.81)

WEEK 8:

February 19, 2007 3,329.03 (DOWN 4.53)
February 20, 2007 3,375.31 (UP 46.28)
February 21, 2007 3,378.92 (UP 3.61)
February 22, 2007 3,365.53 (DOWN 13.39)
February 23, 2007 3,389.37 (UP 23.84)

WEEK 9:

February 26, 2007 3,380.00 (DOWN 9.37)
February 27, 2007 3,331.29 (DOWN 48.71)
February 28, 2007 3,067.45 (DOWN 263.84)
March 1, 2007 3,190.12 (UP 122.67)
March 2, 2007 3,140.34 (DOWN 49.78)

WEEK 10:

March 5, 2007 2,997.88 (DOWN 142.46)
March 6, 2007 2,973.27 (DOWN 24.61)
March 7, 2007 3,063.26 (UP 89.99)
March 8, 2007 3,028.37 (DOWN 34.89)
March 9, 2007 3099.82 (UP 71.45)

WEEK 11:

March 12, 2007 3,124.96 (UP 25.14)
March 13, 2007 3,181.96 (UP 57.00)
March 14, 2007 3,074.28 (DOWN 107.68)
March 15, 2007 3,043.61 (DOWN 30.67)
March 16, 2007 3,062.25 (UP 18.64)

WEEK 12:

March 19, 2007 3,041.38 (DOWN 20.87)
March 20, 2007 3,039.31 (DOWN 2.07)

The trend: UP (29); DOWN (27); = (0)

smokingunmanila

March 20th, 2007, 02:57 PM

Geeze! Trading in the PSE is getting more frustrating. Most if not all stock markets out there is gaining like crazy but except for a spike early in the trading day, the PSE just keeps on going down!!! :mad2:

You should be prepared for that...for example..you have 100 pesos for investment..buy at one time worth 10 pesos...then if it goes down..try to average and buy that stock worth 20 pesos...then 40 pesos...except if there's a war or a fallout....then just sell...and catch the bottom basin.

Also choose your stocks well..with strong fundamentals..even though there's a sell out...it won't fall from the sky...

queetz@home

March 20th, 2007, 05:21 PM

^^ It was down today solely because of the Industrials. Everything went up and if Industrials just followed the rest, the index would have been up too. The drop in Industrials was so bad it pulled down everything. Crab mentality at its finest... :rant:

queetz@home

March 21st, 2007, 06:06 AM

FINALLY! Some progress! Its up 51 points. Now tomorrow could be a boom or bust trading day because of that Feds announcement in the US.... :sly:

IsaRic

March 21st, 2007, 07:28 AM

whats the update?

venntro

March 21st, 2007, 10:58 AM

^^ Which market analyst are those? Be nice if it hits 3,500. I need to recoup some losses... :(

“We have a yearend PSEi index target of 3,500 [points], based on 2007 price-earnings [ratio] estimates of 15 times,” Citisec president Dino Bate told clients.

queetz@home

March 21st, 2007, 11:00 AM

^^ LOL! I use CitisecOnline now so I have more control with my investments instead of relying on those greedy full service brokers. Dino Bate better be right.... :sly:

crappypants

March 21st, 2007, 05:55 PM

i use 2tradeasia. anyone uses 2trade asia? are commision prices the same?

Sinjin P.

March 22nd, 2007, 02:28 AM

HOW IS THE PESO?

1st Quarter

WEEK 1:

January 2, 2007 P48.92 (UP P0.11)
January 3, 2007 P48.88 (UP P0.04)
January 4, 2007 P48.83 (UP P0.05)
January 5, 2007 P48.84 (DOWN P0.01)

WEEK 2:

January 8, 2007 P48.835 (UP P0.005)
January 9, 2007 P48.66 (UP P0.175)
January 10, 2007 P48.91 (DOWN P0.25)
January 11, 2007 P49.03 (DOWN P0.12)
January 12, 2007 P49.015 (UP P0.015)

WEEK 3:
January 15, 2007 P48.86 (UP P0.155)
January 16, 2007 P48.725 (UP P0.135)
January 17, 2007 P48.85 (DOWN P0.125)
January 18, 2007 P48.79 (UP P0.06)
January 19, 2007 P48.895 (DOWN P0.105)

WEEK 4:
January 22, 2007 P49.03 (DOWN P0.135)
January 23, 2007 P48.93 (UP P0.10)
January 24, 2007 P48.84 (UP P0.09)
January 25, 2007 P48.95 (DOWN P0.11)
January 26, 2007 P49.09 (DOWN P0.14)

WEEK 5:
January 29, 2007 P49.13 (DOWN P0.14)
January 30, 2007 P48.955 (UP P0.175)
January 31, 2007 P48.90 (UP P0.055)
February 1, 2007 P48.735 (UP P0.165)
February 2, 2007 [P48.71 (UP P0.025)

WEEK 6:
February 5, 2007 P48.67 (UP P0.04)
February 6, 2007 P48.505 (UP P0.165)
February 7, 2007 P48.355 (UP P0.15)
February 8, 2007 P48.39 (DOWN P0.035)
February 9, 2007 P48.305 (UP P0.085)

WEEK 7:
February 12, 2007 P48.365 (DOWN P0.06)
February 13, 2007 P48.50 (DOWN P0.135)
February 14, 2007 P48.385 (UP P0.115)
February 15, 2007 P48.25 (UP P0.135)
February 16, 2007 P48.10 (UP P0.15)

WEEK 8:

February 19, 2007 P48.10 (=)
February 20, 2007 P48.05 (UP P0.05)
February 21, 2007 P48.125 (DOWN P0.075)
February 22, 2007 P48.30 (DOWN P0.175)
February 23, 2007 P48.155 (UP P0.145)

WEEK 9:

February 26, 2007 P48.245 (DOWN P0.09)
February 27, 2007 P48.38 (DOWN P0.135)
February 28, 2007 P48.54 (DOWN P0.16)
March 1, 2007 P48.59 (DOWN P0.05)
March 2, 2007 P48.715 (DOWN P0.125)

WEEK 10:

March 5, 2007 P48.89 (DOWN P0.175)
March 6, 2007 P48.835 (UP P0.055)
March 7, 2007 P48.735 (UP P0.10)
March 8, 2007 P48.53 (UP P0.205)
March 9, 2007 P48.545 (DOWN P0.015)

WEEK 11:

March 12, 2007 P48.36 (UP P0.185)
March 13, 2007 P48.50 (DOWN P0.14)
March 14, 2007 P48.75 (DOWN P0.25)
March 15, 2007 P48.73 (UP P0.02)
March 16, 2007 P48.85 (DOWN P0.12)

WEEK 12:

March 19, 2007 P48.725 (UP P0.125)
March 20, 2007 P48.585 (UP P0.14)
March 21, 2007 P48.41 (UP P0.175)

The trend: UP (32); DOWN (24); = (1)

HOW IS THE PHILIPPINE STOCK EXCHANGE?

1st Quarter

WEEK 1:

January 2, 2007 2,976.85 (DOWN 5.69)
January 3, 2007 3,020.70 (UP 43.85)
January 4, 2007 3012.74 (DOWN 7.96)
January 5, 2007 2,996.39 (DOWN 16.35)

WEEK 2:

January 8, 2007 2,952.32 (DOWN 44.07)
January 9, 2007 2,972.32 (UP 20.00)
January 10, 2007 2,951.08 (DOWN 21.24)
January 11, 2007 2,940.16 (DOWN 10.92)
January 12, 2007 2,992.33 (UP 52.17)

WEEK 3:

January 15, 2007 3,019.06 (UP 26.73)
January 16, 2007 3,070.29 (UP 51.23)
January 17, 2007 3,041.56 (DOWN 28.73)
January 18, 2007 3,081.73 (UP 40.17)
January 19, 2007 3,085.18 (UP 3.45)

WEEK 4:
January 22, 2007 3,141.28 (UP 56.10)
January 23, 2007 3,199.34 (UP 58.06)
January 24, 2007 3,244.75 (UP 45.41)
January 25, 2007 3,275.19 (UP 30.44)
January 26, 2007 3,162.82 (DOWN 112.37)

WEEK 5:
January 29, 2007 3,177.36 (UP 14.54)
January 30, 2007 3,196.66 (UP 19.30)
January 31, 2007 3,239.27 (UP 42.61)
February 1, 2007 3,245.26 (UP 5.99)
February 2, 2007 3,269.18 (UP 23.92)

WEEK 6:
February 5, 2007 3,281.90 (UP 12.72)
February 6, 2007 3,271.97 (DOWN 9.93)
February 7, 2007 3232.39 (DOWN 39.58)
February 8, 2007 3,196.08 (DOWN 36.31)
February 9, 2007 3,245.81 (UP 49.73)

WEEK 7:
February 12, 2007 3,234.16 (DOWN 11.65)
February 13, 2007 3,233.91 (DOWN 0.25)
February 14, 2007 3,300.94 (UP 67.03)
February 15, 2007 3,379.37 (UP 78.43)
February 16, 2007 3,333.56 (DOWN 45.81)

WEEK 8:

February 19, 2007 3,329.03 (DOWN 4.53)
February 20, 2007 3,375.31 (UP 46.28)
February 21, 2007 3,378.92 (UP 3.61)
February 22, 2007 3,365.53 (DOWN 13.39)
February 23, 2007 3,389.37 (UP 23.84)

WEEK 9:

February 26, 2007 3,380.00 (DOWN 9.37)
February 27, 2007 3,331.29 (DOWN 48.71)
February 28, 2007 3,067.45 (DOWN 263.84)
March 1, 2007 3,190.12 (UP 122.67)
March 2, 2007 3,140.34 (DOWN 49.78)

WEEK 10:

March 5, 2007 2,997.88 (DOWN 142.46)
March 6, 2007 2,973.27 (DOWN 24.61)
March 7, 2007 3,063.26 (UP 89.99)
March 8, 2007 3,028.37 (DOWN 34.89)
March 9, 2007 3099.82 (UP 71.45)

WEEK 11:

March 12, 2007 3,124.96 (UP 25.14)
March 13, 2007 3,181.96 (UP 57.00)
March 14, 2007 3,074.28 (DOWN 107.68)
March 15, 2007 3,043.61 (DOWN 30.67)
March 16, 2007 3,062.25 (UP 18.64)

WEEK 12:

March 19, 2007 3,041.38 (DOWN 20.87)
March 20, 2007 3,039.31 (DOWN 2.07)
March 21, 2007 3,090.47 (UP 51.09)

The trend: UP (30); DOWN (27); = (0)

diz

March 22nd, 2007, 03:34 AM

^^ My day keeps getting better. :lol:

venntro

March 22nd, 2007, 07:33 AM

What's the best online trading website in terms of costs?

beads_strawberries

March 22nd, 2007, 09:24 AM

^^ With the $4B investment plan of China here, I guess we're going up again. The return of investments, as per the news, is up by 125% according to the registered investments under the Board of Investments.

Maybe we can expect more of a bullish stock market in the next few days.

smokingunmanila

March 22nd, 2007, 09:29 AM

The law of spill over...like what happened during the property boom in 1996...Malaysians were buying here left and right including the Suhartos of Indonesia. China will do the same just in case, there would be a massive meltdown in terms of dollar depreciation and stock market crash...or perhaps a cultural revolution in the making again...history repeats itself....

Sinjin P.

March 22nd, 2007, 01:30 PM

HOW IS THE PESO?

1st Quarter

WEEK 1:

January 2, 2007 P48.92 (UP P0.11)
January 3, 2007 P48.88 (UP P0.04)
January 4, 2007 P48.83 (UP P0.05)
January 5, 2007 P48.84 (DOWN P0.01)

WEEK 2:

January 8, 2007 P48.835 (UP P0.005)
January 9, 2007 P48.66 (UP P0.175)
January 10, 2007 P48.91 (DOWN P0.25)
January 11, 2007 P49.03 (DOWN P0.12)
January 12, 2007 P49.015 (UP P0.015)

WEEK 3:
January 15, 2007 P48.86 (UP P0.155)
January 16, 2007 P48.725 (UP P0.135)
January 17, 2007 P48.85 (DOWN P0.125)
January 18, 2007 P48.79 (UP P0.06)
January 19, 2007 P48.895 (DOWN P0.105)

WEEK 4:
January 22, 2007 P49.03 (DOWN P0.135)
January 23, 2007 P48.93 (UP P0.10)
January 24, 2007 P48.84 (UP P0.09)
January 25, 2007 P48.95 (DOWN P0.11)
January 26, 2007 P49.09 (DOWN P0.14)

WEEK 5:
January 29, 2007 P49.13 (DOWN P0.14)
January 30, 2007 P48.955 (UP P0.175)
January 31, 2007 P48.90 (UP P0.055)
February 1, 2007 P48.735 (UP P0.165)
February 2, 2007 [P48.71 (UP P0.025)

WEEK 6:
February 5, 2007 P48.67 (UP P0.04)
February 6, 2007 P48.505 (UP P0.165)
February 7, 2007 P48.355 (UP P0.15)
February 8, 2007 P48.39 (DOWN P0.035)
February 9, 2007 P48.305 (UP P0.085)

WEEK 7:
February 12, 2007 P48.365 (DOWN P0.06)
February 13, 2007 P48.50 (DOWN P0.135)
February 14, 2007 P48.385 (UP P0.115)
February 15, 2007 P48.25 (UP P0.135)
February 16, 2007 P48.10 (UP P0.15)

WEEK 8:

February 19, 2007 P48.10 (=)
February 20, 2007 P48.05 (UP P0.05)
February 21, 2007 P48.125 (DOWN P0.075)
February 22, 2007 P48.30 (DOWN P0.175)
February 23, 2007 P48.155 (UP P0.145)

WEEK 9:

February 26, 2007 P48.245 (DOWN P0.09)
February 27, 2007 P48.38 (DOWN P0.135)
February 28, 2007 P48.54 (DOWN P0.16)
March 1, 2007 P48.59 (DOWN P0.05)
March 2, 2007 P48.715 (DOWN P0.125)

WEEK 10:

March 5, 2007 P48.89 (DOWN P0.175)
March 6, 2007 P48.835 (UP P0.055)
March 7, 2007 P48.735 (UP P0.10)
March 8, 2007 P48.53 (UP P0.205)
March 9, 2007 P48.545 (DOWN P0.015)

WEEK 11:

March 12, 2007 P48.36 (UP P0.185)
March 13, 2007 P48.50 (DOWN P0.14)
March 14, 2007 P48.75 (DOWN P0.25)
March 15, 2007 P48.73 (UP P0.02)
March 16, 2007 P48.85 (DOWN P0.12)

WEEK 12:

March 19, 2007 P48.725 (UP P0.125)
March 20, 2007 P48.585 (UP P0.14)
March 21, 2007 P48.41 (UP P0.175)
March 22, 2007 P48.261 (UP P0.149)

The trend: UP (33); DOWN (24); = (1)

HOW IS THE PHILIPPINE STOCK EXCHANGE?

1st Quarter

WEEK 1:

January 2, 2007 2,976.85 (DOWN 5.69)
January 3, 2007 3,020.70 (UP 43.85)
January 4, 2007 3012.74 (DOWN 7.96)
January 5, 2007 2,996.39 (DOWN 16.35)

WEEK 2:

January 8, 2007 2,952.32 (DOWN 44.07)
January 9, 2007 2,972.32 (UP 20.00)
January 10, 2007 2,951.08 (DOWN 21.24)
January 11, 2007 2,940.16 (DOWN 10.92)
January 12, 2007 2,992.33 (UP 52.17)

WEEK 3:

January 15, 2007 3,019.06 (UP 26.73)
January 16, 2007 3,070.29 (UP 51.23)
January 17, 2007 3,041.56 (DOWN 28.73)
January 18, 2007 3,081.73 (UP 40.17)
January 19, 2007 3,085.18 (UP 3.45)

WEEK 4:
January 22, 2007 3,141.28 (UP 56.10)
January 23, 2007 3,199.34 (UP 58.06)
January 24, 2007 3,244.75 (UP 45.41)
January 25, 2007 3,275.19 (UP 30.44)
January 26, 2007 3,162.82 (DOWN 112.37)

WEEK 5:
January 29, 2007 3,177.36 (UP 14.54)
January 30, 2007 3,196.66 (UP 19.30)
January 31, 2007 3,239.27 (UP 42.61)
February 1, 2007 3,245.26 (UP 5.99)
February 2, 2007 3,269.18 (UP 23.92)

WEEK 6:
February 5, 2007 3,281.90 (UP 12.72)
February 6, 2007 3,271.97 (DOWN 9.93)
February 7, 2007 3232.39 (DOWN 39.58)
February 8, 2007 3,196.08 (DOWN 36.31)
February 9, 2007 3,245.81 (UP 49.73)

WEEK 7:
February 12, 2007 3,234.16 (DOWN 11.65)
February 13, 2007 3,233.91 (DOWN 0.25)
February 14, 2007 3,300.94 (UP 67.03)
February 15, 2007 3,379.37 (UP 78.43)
February 16, 2007 3,333.56 (DOWN 45.81)

WEEK 8:

February 19, 2007 3,329.03 (DOWN 4.53)
February 20, 2007 3,375.31 (UP 46.28)
February 21, 2007 3,378.92 (UP 3.61)
February 22, 2007 3,365.53 (DOWN 13.39)
February 23, 2007 3,389.37 (UP 23.84)

WEEK 9:

February 26, 2007 3,380.00 (DOWN 9.37)
February 27, 2007 3,331.29 (DOWN 48.71)
February 28, 2007 3,067.45 (DOWN 263.84)
March 1, 2007 3,190.12 (UP 122.67)
March 2, 2007 3,140.34 (DOWN 49.78)

WEEK 10:

March 5, 2007 2,997.88 (DOWN 142.46)
March 6, 2007 2,973.27 (DOWN 24.61)
March 7, 2007 3,063.26 (UP 89.99)
March 8, 2007 3,028.37 (DOWN 34.89)
March 9, 2007 3099.82 (UP 71.45)

WEEK 11:

March 12, 2007 3,124.96 (UP 25.14)
March 13, 2007 3,181.96 (UP 57.00)
March 14, 2007 3,074.28 (DOWN 107.68)
March 15, 2007 3,043.61 (DOWN 30.67)
March 16, 2007 3,062.25 (UP 18.64)

WEEK 12:

March 19, 2007 3,041.38 (DOWN 20.87)
March 20, 2007 3,039.31 (DOWN 2.07)
March 21, 2007 3,090.47 (UP 51.09)
March 22, 2007 3,178.32 (UP 88.00)

The trend: UP (31); DOWN (27); = (0)

kevinb

March 23rd, 2007, 08:46 AM

^^ Yeah boi! :banana: :banana: :banana:

queetz@home

March 23rd, 2007, 09:18 AM

Yeah but its down again but only a little. I admit, the PSE index is starting to become predictable. The real question is how much increase or decrease will happen per stock. I was fortunate to cash out my SM Prime shares yesterday at 11.75 php for a small profit (I bought them at 10.75 php and it rarely went above 11.25 php so I think its not a good stock to hold on too, the highest it ever got being 12.75 php). Now the share price is back down at 11.00 php and it will take days if not weeks for it to go back up again....

venntro

March 23rd, 2007, 09:22 AM

There's really not much news to really prop up the market nowadays.

Sinjin P.

March 24th, 2007, 03:56 AM

HOW IS THE PESO?

1st Quarter

WEEK 1:

January 2, 2007 P48.92 (UP P0.11)
January 3, 2007 P48.88 (UP P0.04)
January 4, 2007 P48.83 (UP P0.05)
January 5, 2007 P48.84 (DOWN P0.01)

WEEK 2:

January 8, 2007 P48.835 (UP P0.005)
January 9, 2007 P48.66 (UP P0.175)
January 10, 2007 P48.91 (DOWN P0.25)
January 11, 2007 P49.03 (DOWN P0.12)
January 12, 2007 P49.015 (UP P0.015)

WEEK 3:
January 15, 2007 P48.86 (UP P0.155)
January 16, 2007 P48.725 (UP P0.135)
January 17, 2007 P48.85 (DOWN P0.125)
January 18, 2007 P48.79 (UP P0.06)
January 19, 2007 P48.895 (DOWN P0.105)

WEEK 4:
January 22, 2007 P49.03 (DOWN P0.135)
January 23, 2007 P48.93 (UP P0.10)
January 24, 2007 P48.84 (UP P0.09)
January 25, 2007 P48.95 (DOWN P0.11)
January 26, 2007 P49.09 (DOWN P0.14)

WEEK 5:
January 29, 2007 P49.13 (DOWN P0.14)
January 30, 2007 P48.955 (UP P0.175)
January 31, 2007 P48.90 (UP P0.055)
February 1, 2007 P48.735 (UP P0.165)
February 2, 2007 [P48.71 (UP P0.025)

WEEK 6:
February 5, 2007 P48.67 (UP P0.04)
February 6, 2007 P48.505 (UP P0.165)
February 7, 2007 P48.355 (UP P0.15)
February 8, 2007 P48.39 (DOWN P0.035)
February 9, 2007 P48.305 (UP P0.085)

WEEK 7:
February 12, 2007 P48.365 (DOWN P0.06)
February 13, 2007 P48.50 (DOWN P0.135)
February 14, 2007 P48.385 (UP P0.115)
February 15, 2007 P48.25 (UP P0.135)
February 16, 2007 P48.10 (UP P0.15)

WEEK 8:

February 19, 2007 P48.10 (=)
February 20, 2007 P48.05 (UP P0.05)
February 21, 2007 P48.125 (DOWN P0.075)
February 22, 2007 P48.30 (DOWN P0.175)
February 23, 2007 P48.155 (UP P0.145)

WEEK 9:

February 26, 2007 P48.245 (DOWN P0.09)
February 27, 2007 P48.38 (DOWN P0.135)
February 28, 2007 P48.54 (DOWN P0.16)
March 1, 2007 P48.59 (DOWN P0.05)
March 2, 2007 P48.715 (DOWN P0.125)

WEEK 10:

March 5, 2007 P48.89 (DOWN P0.175)
March 6, 2007 P48.835 (UP P0.055)
March 7, 2007 P48.735 (UP P0.10)
March 8, 2007 P48.53 (UP P0.205)
March 9, 2007 P48.545 (DOWN P0.015)

WEEK 11:

March 12, 2007 P48.36 (UP P0.185)
March 13, 2007 P48.50 (DOWN P0.14)
March 14, 2007 P48.75 (DOWN P0.25)
March 15, 2007 P48.73 (UP P0.02)
March 16, 2007 P48.85 (DOWN P0.12)

WEEK 12:

March 19, 2007 P48.725 (UP P0.125)
March 20, 2007 P48.585 (UP P0.14)
March 21, 2007 P48.41 (UP P0.175)
March 22, 2007 P48.261 (UP P0.149)
March 23, 2007 P48.16 (UP P0.101)

The trend: UP (34); DOWN (24); = (1)

HOW IS THE PHILIPPINE STOCK EXCHANGE?

1st Quarter

WEEK 1:

January 2, 2007 2,976.85 (DOWN 5.69)
January 3, 2007 3,020.70 (UP 43.85)
January 4, 2007 3012.74 (DOWN 7.96)
January 5, 2007 2,996.39 (DOWN 16.35)

WEEK 2:

January 8, 2007 2,952.32 (DOWN 44.07)
January 9, 2007 2,972.32 (UP 20.00)
January 10, 2007 2,951.08 (DOWN 21.24)
January 11, 2007 2,940.16 (DOWN 10.92)
January 12, 2007 2,992.33 (UP 52.17)

WEEK 3:

January 15, 2007 3,019.06 (UP 26.73)
January 16, 2007 3,070.29 (UP 51.23)
January 17, 2007 3,041.56 (DOWN 28.73)
January 18, 2007 3,081.73 (UP 40.17)
January 19, 2007 3,085.18 (UP 3.45)

WEEK 4:
January 22, 2007 3,141.28 (UP 56.10)
January 23, 2007 3,199.34 (UP 58.06)
January 24, 2007 3,244.75 (UP 45.41)
January 25, 2007 3,275.19 (UP 30.44)
January 26, 2007 3,162.82 (DOWN 112.37)

WEEK 5:
January 29, 2007 3,177.36 (UP 14.54)
January 30, 2007 3,196.66 (UP 19.30)
January 31, 2007 3,239.27 (UP 42.61)
February 1, 2007 3,245.26 (UP 5.99)
February 2, 2007 3,269.18 (UP 23.92)

WEEK 6:
February 5, 2007 3,281.90 (UP 12.72)
February 6, 2007 3,271.97 (DOWN 9.93)
February 7, 2007 3232.39 (DOWN 39.58)
February 8, 2007 3,196.08 (DOWN 36.31)
February 9, 2007 3,245.81 (UP 49.73)

WEEK 7:
February 12, 2007 3,234.16 (DOWN 11.65)
February 13, 2007 3,233.91 (DOWN 0.25)
February 14, 2007 3,300.94 (UP 67.03)
February 15, 2007 3,379.37 (UP 78.43)
February 16, 2007 3,333.56 (DOWN 45.81)

WEEK 8:

February 19, 2007 3,329.03 (DOWN 4.53)
February 20, 2007 3,375.31 (UP 46.28)
February 21, 2007 3,378.92 (UP 3.61)
February 22, 2007 3,365.53 (DOWN 13.39)
February 23, 2007 3,389.37 (UP 23.84)

WEEK 9:

February 26, 2007 3,380.00 (DOWN 9.37)
February 27, 2007 3,331.29 (DOWN 48.71)
February 28, 2007 3,067.45 (DOWN 263.84)
March 1, 2007 3,190.12 (UP 122.67)
March 2, 2007 3,140.34 (DOWN 49.78)

WEEK 10:

March 5, 2007 2,997.88 (DOWN 142.46)
March 6, 2007 2,973.27 (DOWN 24.61)
March 7, 2007 3,063.26 (UP 89.99)
March 8, 2007 3,028.37 (DOWN 34.89)
March 9, 2007 3099.82 (UP 71.45)

WEEK 11:

March 12, 2007 3,124.96 (UP 25.14)
March 13, 2007 3,181.96 (UP 57.00)
March 14, 2007 3,074.28 (DOWN 107.68)
March 15, 2007 3,043.61 (DOWN 30.67)
March 16, 2007 3,062.25 (UP 18.64)

WEEK 12:

March 19, 2007 3,041.38 (DOWN 20.87)
March 20, 2007 3,039.31 (DOWN 2.07)
March 21, 2007 3,090.47 (UP 51.09)
March 22, 2007 3,178.32 (UP 88.00)
March 23, 2007 3,170.05 (DOWN 8.21)

The trend: UP (31); DOWN (28); = (0)

ryanr

March 24th, 2007, 06:45 AM

New thread please for Q2 2007.

Sinjin P.

March 24th, 2007, 06:58 AM

^ Yeah, there's already a new thread for Q2 2007. I just reopened the thread so that we can utilize this one for the last week of March :)

ryanr

March 24th, 2007, 07:44 AM

^ Oops...my bad.

diz

March 24th, 2007, 08:26 AM

^^ I agree. The PSE got really predictable. I was happy with the 88 growth yesterday, but I got the feeling that it will down today, and woopty doo.. it did. :)

queetz@home

March 24th, 2007, 07:10 PM

I couldn't sleep so I was just reviewing the data from this thread for the past month and it looks like we are approximately just half way through to break even from that dark day of Feb 28. Man! It sure is taking forever to recover from that 300 point drop and it makes me wonder if we will ever reach 3,333 points anytime before the election. :rant:

Jhaelnis, one thing I want to say its an excellent idea for posting those stats the way you do. It is quite useful. Great job! :okay:

Sinjin P.

March 25th, 2007, 07:45 AM

^ Lol thanks, this is actually the first "quarter" wherein I did not fail to update even a single day :D

queetz@home

March 26th, 2007, 07:38 AM

The stock market sucked today overall, loosing 20 points, but a couple of my individual property stocks soared! Made some money by selling off one of them and will hopefully sell some more tomorrow (it better stay up up....hope hope)! :okay:

Sinjin P.

March 26th, 2007, 01:13 PM

HOW IS THE PESO?

1st Quarter

WEEK 1:

January 2, 2007 P48.92 (UP P0.11)
January 3, 2007 P48.88 (UP P0.04)
January 4, 2007 P48.83 (UP P0.05)
January 5, 2007 P48.84 (DOWN P0.01)

WEEK 2:

January 8, 2007 P48.835 (UP P0.005)
January 9, 2007 P48.66 (UP P0.175)
January 10, 2007 P48.91 (DOWN P0.25)
January 11, 2007 P49.03 (DOWN P0.12)
January 12, 2007 P49.015 (UP P0.015)

WEEK 3:
January 15, 2007 P48.86 (UP P0.155)
January 16, 2007 P48.725 (UP P0.135)
January 17, 2007 P48.85 (DOWN P0.125)
January 18, 2007 P48.79 (UP P0.06)
January 19, 2007 P48.895 (DOWN P0.105)

WEEK 4:
January 22, 2007 P49.03 (DOWN P0.135)
January 23, 2007 P48.93 (UP P0.10)
January 24, 2007 P48.84 (UP P0.09)
January 25, 2007 P48.95 (DOWN P0.11)
January 26, 2007 P49.09 (DOWN P0.14)

WEEK 5:
January 29, 2007 P49.13 (DOWN P0.14)
January 30, 2007 P48.955 (UP P0.175)
January 31, 2007 P48.90 (UP P0.055)
February 1, 2007 P48.735 (UP P0.165)
February 2, 2007 [P48.71 (UP P0.025)

WEEK 6:
February 5, 2007 P48.67 (UP P0.04)
February 6, 2007 P48.505 (UP P0.165)
February 7, 2007 P48.355 (UP P0.15)
February 8, 2007 P48.39 (DOWN P0.035)
February 9, 2007 P48.305 (UP P0.085)

WEEK 7:
February 12, 2007 P48.365 (DOWN P0.06)
February 13, 2007 P48.50 (DOWN P0.135)
February 14, 2007 P48.385 (UP P0.115)
February 15, 2007 P48.25 (UP P0.135)
February 16, 2007 P48.10 (UP P0.15)

WEEK 8:

February 19, 2007 P48.10 (=)
February 20, 2007 P48.05 (UP P0.05)
February 21, 2007 P48.125 (DOWN P0.075)
February 22, 2007 P48.30 (DOWN P0.175)
February 23, 2007 P48.155 (UP P0.145)

WEEK 9:

February 26, 2007 P48.245 (DOWN P0.09)
February 27, 2007 P48.38 (DOWN P0.135)
February 28, 2007 P48.54 (DOWN P0.16)
March 1, 2007 P48.59 (DOWN P0.05)
March 2, 2007 P48.715 (DOWN P0.125)

WEEK 10:

March 5, 2007 P48.89 (DOWN P0.175)
March 6, 2007 P48.835 (UP P0.055)
March 7, 2007 P48.735 (UP P0.10)
March 8, 2007 P48.53 (UP P0.205)
March 9, 2007 P48.545 (DOWN P0.015)

WEEK 11:

March 12, 2007 P48.36 (UP P0.185)
March 13, 2007 P48.50 (DOWN P0.14)
March 14, 2007 P48.75 (DOWN P0.25)
March 15, 2007 P48.73 (UP P0.02)
March 16, 2007 P48.85 (DOWN P0.12)

WEEK 12:

March 19, 2007 P48.725 (UP P0.125)
March 20, 2007 P48.585 (UP P0.14)
March 21, 2007 P48.41 (UP P0.175)
March 22, 2007 P48.261 (UP P0.149)
March 23, 2007 P48.16 (UP P0.101)

WEEK 13 (FINAL):

March 26, 2007 P48.07 (UP P0.09) :shocked:

The trend: UP (35); DOWN (24); = (1)

HOW IS THE PHILIPPINE STOCK EXCHANGE?

1st Quarter

WEEK 1:

January 2, 2007 2,976.85 (DOWN 5.69)
January 3, 2007 3,020.70 (UP 43.85)
January 4, 2007 3012.74 (DOWN 7.96)
January 5, 2007 2,996.39 (DOWN 16.35)

WEEK 2:

January 8, 2007 2,952.32 (DOWN 44.07)
January 9, 2007 2,972.32 (UP 20.00)
January 10, 2007 2,951.08 (DOWN 21.24)
January 11, 2007 2,940.16 (DOWN 10.92)
January 12, 2007 2,992.33 (UP 52.17)

WEEK 3:

January 15, 2007 3,019.06 (UP 26.73)
January 16, 2007 3,070.29 (UP 51.23)
January 17, 2007 3,041.56 (DOWN 28.73)
January 18, 2007 3,081.73 (UP 40.17)
January 19, 2007 3,085.18 (UP 3.45)

WEEK 4:
January 22, 2007 3,141.28 (UP 56.10)
January 23, 2007 3,199.34 (UP 58.06)
January 24, 2007 3,244.75 (UP 45.41)
January 25, 2007 3,275.19 (UP 30.44)
January 26, 2007 3,162.82 (DOWN 112.37)

WEEK 5:
January 29, 2007 3,177.36 (UP 14.54)
January 30, 2007 3,196.66 (UP 19.30)
January 31, 2007 3,239.27 (UP 42.61)
February 1, 2007 3,245.26 (UP 5.99)
February 2, 2007 3,269.18 (UP 23.92)

WEEK 6:
February 5, 2007 3,281.90 (UP 12.72)
February 6, 2007 3,271.97 (DOWN 9.93)
February 7, 2007 3232.39 (DOWN 39.58)
February 8, 2007 3,196.08 (DOWN 36.31)
February 9, 2007 3,245.81 (UP 49.73)

WEEK 7:
February 12, 2007 3,234.16 (DOWN 11.65)
February 13, 2007 3,233.91 (DOWN 0.25)
February 14, 2007 3,300.94 (UP 67.03)
February 15, 2007 3,379.37 (UP 78.43)
February 16, 2007 3,333.56 (DOWN 45.81)

WEEK 8:

February 19, 2007 3,329.03 (DOWN 4.53)
February 20, 2007 3,375.31 (UP 46.28)
February 21, 2007 3,378.92 (UP 3.61)
February 22, 2007 3,365.53 (DOWN 13.39)
February 23, 2007 3,389.37 (UP 23.84)

WEEK 9:

February 26, 2007 3,380.00 (DOWN 9.37)
February 27, 2007 3,331.29 (DOWN 48.71)
February 28, 2007 3,067.45 (DOWN 263.84)
March 1, 2007 3,190.12 (UP 122.67)
March 2, 2007 3,140.34 (DOWN 49.78)

WEEK 10:

March 5, 2007 2,997.88 (DOWN 142.46)
March 6, 2007 2,973.27 (DOWN 24.61)
March 7, 2007 3,063.26 (UP 89.99)
March 8, 2007 3,028.37 (DOWN 34.89)
March 9, 2007 3099.82 (UP 71.45)

WEEK 11:

March 12, 2007 3,124.96 (UP 25.14)
March 13, 2007 3,181.96 (UP 57.00)
March 14, 2007 3,074.28 (DOWN 107.68)
March 15, 2007 3,043.61 (DOWN 30.67)
March 16, 2007 3,062.25 (UP 18.64)

WEEK 12:

March 19, 2007 3,041.38 (DOWN 20.87)
March 20, 2007 3,039.31 (DOWN 2.07)
March 21, 2007 3,090.47 (UP 51.09)
March 22, 2007 3,178.32 (UP 88.00)
March 23, 2007 3,170.05 (DOWN 8.21)

WEEK 13 (FINAL):

March 26, 2007 3,150.04 (DOWN 20.01)

The trend: UP (31); DOWN (29); = (0)

Sinjin P.

March 28th, 2007, 03:15 AM

HOW IS THE PESO?

1st Quarter

WEEK 1:

January 2, 2007 P48.92 (UP P0.11)
January 3, 2007 P48.88 (UP P0.04)
January 4, 2007 P48.83 (UP P0.05)
January 5, 2007 P48.84 (DOWN P0.01)

WEEK 2:

January 8, 2007 P48.835 (UP P0.005)
January 9, 2007 P48.66 (UP P0.175)
January 10, 2007 P48.91 (DOWN P0.25)
January 11, 2007 P49.03 (DOWN P0.12)
January 12, 2007 P49.015 (UP P0.015)

WEEK 3:
January 15, 2007 P48.86 (UP P0.155)
January 16, 2007 P48.725 (UP P0.135)
January 17, 2007 P48.85 (DOWN P0.125)
January 18, 2007 P48.79 (UP P0.06)
January 19, 2007 P48.895 (DOWN P0.105)

WEEK 4:
January 22, 2007 P49.03 (DOWN P0.135)
January 23, 2007 P48.93 (UP P0.10)
January 24, 2007 P48.84 (UP P0.09)
January 25, 2007 P48.95 (DOWN P0.11)
January 26, 2007 P49.09 (DOWN P0.14)

WEEK 5:
January 29, 2007 P49.13 (DOWN P0.14)
January 30, 2007 P48.955 (UP P0.175)
January 31, 2007 P48.90 (UP P0.055)
February 1, 2007 P48.735 (UP P0.165)
February 2, 2007 [P48.71 (UP P0.025)

WEEK 6:
February 5, 2007 P48.67 (UP P0.04)
February 6, 2007 P48.505 (UP P0.165)
February 7, 2007 P48.355 (UP P0.15)
February 8, 2007 P48.39 (DOWN P0.035)
February 9, 2007 P48.305 (UP P0.085)

WEEK 7:
February 12, 2007 P48.365 (DOWN P0.06)
February 13, 2007 P48.50 (DOWN P0.135)
February 14, 2007 P48.385 (UP P0.115)
February 15, 2007 P48.25 (UP P0.135)
February 16, 2007 P48.10 (UP P0.15)

WEEK 8:

February 19, 2007 P48.10 (=)
February 20, 2007 P48.05 (UP P0.05)
February 21, 2007 P48.125 (DOWN P0.075)
February 22, 2007 P48.30 (DOWN P0.175)
February 23, 2007 P48.155 (UP P0.145)

WEEK 9:

February 26, 2007 P48.245 (DOWN P0.09)
February 27, 2007 P48.38 (DOWN P0.135)
February 28, 2007 P48.54 (DOWN P0.16)
March 1, 2007 P48.59 (DOWN P0.05)
March 2, 2007 P48.715 (DOWN P0.125)

WEEK 10:

March 5, 2007 P48.89 (DOWN P0.175)
March 6, 2007 P48.835 (UP P0.055)
March 7, 2007 P48.735 (UP P0.10)
March 8, 2007 P48.53 (UP P0.205)
March 9, 2007 P48.545 (DOWN P0.015)

WEEK 11:

March 12, 2007 P48.36 (UP P0.185)
March 13, 2007 P48.50 (DOWN P0.14)
March 14, 2007 P48.75 (DOWN P0.25)
March 15, 2007 P48.73 (UP P0.02)
March 16, 2007 P48.85 (DOWN P0.12)

WEEK 12:

March 19, 2007 P48.725 (UP P0.125)
March 20, 2007 P48.585 (UP P0.14)
March 21, 2007 P48.41 (UP P0.175)
March 22, 2007 P48.261 (UP P0.149)
March 23, 2007 P48.16 (UP P0.101)

WEEK 13 (FINAL):

March 26, 2007 P48.07 (UP P0.09)
March 27, 2007 P48.08 (DOWN P0.01)

The trend: UP (35); DOWN (25); = (1)

HOW IS THE PHILIPPINE STOCK EXCHANGE?

1st Quarter

WEEK 1:

January 2, 2007 2,976.85 (DOWN 5.69)
January 3, 2007 3,020.70 (UP 43.85)
January 4, 2007 3012.74 (DOWN 7.96)
January 5, 2007 2,996.39 (DOWN 16.35)

WEEK 2:

January 8, 2007 2,952.32 (DOWN 44.07)
January 9, 2007 2,972.32 (UP 20.00)
January 10, 2007 2,951.08 (DOWN 21.24)
January 11, 2007 2,940.16 (DOWN 10.92)
January 12, 2007 2,992.33 (UP 52.17)

WEEK 3:

January 15, 2007 3,019.06 (UP 26.73)
January 16, 2007 3,070.29 (UP 51.23)
January 17, 2007 3,041.56 (DOWN 28.73)
January 18, 2007 3,081.73 (UP 40.17)
January 19, 2007 3,085.18 (UP 3.45)

WEEK 4:
January 22, 2007 3,141.28 (UP 56.10)
January 23, 2007 3,199.34 (UP 58.06)
January 24, 2007 3,244.75 (UP 45.41)
January 25, 2007 3,275.19 (UP 30.44)
January 26, 2007 3,162.82 (DOWN 112.37)

WEEK 5:
January 29, 2007 3,177.36 (UP 14.54)
January 30, 2007 3,196.66 (UP 19.30)
January 31, 2007 3,239.27 (UP 42.61)
February 1, 2007 3,245.26 (UP 5.99)
February 2, 2007 3,269.18 (UP 23.92)

WEEK 6:
February 5, 2007 3,281.90 (UP 12.72)
February 6, 2007 3,271.97 (DOWN 9.93)
February 7, 2007 3232.39 (DOWN 39.58)
February 8, 2007 3,196.08 (DOWN 36.31)
February 9, 2007 3,245.81 (UP 49.73)

WEEK 7:
February 12, 2007 3,234.16 (DOWN 11.65)
February 13, 2007 3,233.91 (DOWN 0.25)
February 14, 2007 3,300.94 (UP 67.03)
February 15, 2007 3,379.37 (UP 78.43)
February 16, 2007 3,333.56 (DOWN 45.81)

WEEK 8:

February 19, 2007 3,329.03 (DOWN 4.53)
February 20, 2007 3,375.31 (UP 46.28)
February 21, 2007 3,378.92 (UP 3.61)
February 22, 2007 3,365.53 (DOWN 13.39)
February 23, 2007 3,389.37 (UP 23.84)

WEEK 9:

February 26, 2007 3,380.00 (DOWN 9.37)
February 27, 2007 3,331.29 (DOWN 48.71)
February 28, 2007 3,067.45 (DOWN 263.84)
March 1, 2007 3,190.12 (UP 122.67)
March 2, 2007 3,140.34 (DOWN 49.78)

WEEK 10:

March 5, 2007 2,997.88 (DOWN 142.46)
March 6, 2007 2,973.27 (DOWN 24.61)
March 7, 2007 3,063.26 (UP 89.99)
March 8, 2007 3,028.37 (DOWN 34.89)
March 9, 2007 3099.82 (UP 71.45)

WEEK 11:

March 12, 2007 3,124.96 (UP 25.14)
March 13, 2007 3,181.96 (UP 57.00)
March 14, 2007 3,074.28 (DOWN 107.68)
March 15, 2007 3,043.61 (DOWN 30.67)
March 16, 2007 3,062.25 (UP 18.64)

WEEK 12:

March 19, 2007 3,041.38 (DOWN 20.87)
March 20, 2007 3,039.31 (DOWN 2.07)
March 21, 2007 3,090.47 (UP 51.09)
March 22, 2007 3,178.32 (UP 88.00)
March 23, 2007 3,170.05 (DOWN 8.21)

WEEK 13 (FINAL):

March 26, 2007 3,150.04 (DOWN 20.01)
March 27, 2007 3,174.75 (UP 24.71)

The trend: UP (32); DOWN (29); = (0)

venntro

March 28th, 2007, 08:18 AM

Ayala Land says waiting for Congress' REIT bill

Ayala Land Inc., the Philippines' largest property developer, said on Wednesday it was not inclined to set up a real estate investment trust (REIT) unless Congress passes into law a bill supporting such firms.

Company president Jaime Ayala said legislation is still the best option in going into this investment instrument as it lessens the risk for investors.

"You can mimic a REITs in different ways, but the experience worldwide is, when it is enshrined in law there’s less risk, so the vehicle or product is more palatable to investors," said Ayala.

"So clearly, it’s a step in the right direction, but investors in REITS are looking for very, very long investments and so if you’re at the whim of things that changes easily, then it changes the risk profile significantly."

Ayala Land, which reported a net income of P3.86 billion last year, has been one of the active local developers pushing for the establisment of the REITs.

It earlier said it was looking at packaging its shopping centers and offices as a REIT.

REITs, which usually receive tax breaks in return for paying most of their rental income to investors, have become popular in Asia because they are less volatile than stocks but tend to give more income than bonds.

The Philippine Stock Exchange (PSE) yesterday just released a set of criteria for property firms to meet, before it could avail of tax breaks and other incentives from the government.

Under the proposal, the PSE said a REIT must pay 85 percent of its net income before deduction of extraordinary items, depreciation and amortization to shareholders.

It must also invest at least 70 percent of its total assets in income-producing real estate and real estate-related assets.

beads_strawberries

March 28th, 2007, 09:16 AM

[U][SIZE="3"]
March 26, 2007 P48.07 (UP P0.09)
[B]March 27, 2007 P48.08 (DOWN P0.01)

I have to visit this thread to verify what I have seen in the news today. I didn't notice the peso these days is near breaching the P48 per dollar mark. I guess predictions of economic analysts as regards the strength of the Philippine peso will be realized in due time.

Way to go! :)

Sinjin P.

March 28th, 2007, 12:27 PM

HOW IS THE PESO?

1st Quarter

WEEK 1:

January 2, 2007 P48.92 (UP P0.11)
January 3, 2007 P48.88 (UP P0.04)
January 4, 2007 P48.83 (UP P0.05)
January 5, 2007 P48.84 (DOWN P0.01)

WEEK 2:

January 8, 2007 P48.835 (UP P0.005)
January 9, 2007 P48.66 (UP P0.175)
January 10, 2007 P48.91 (DOWN P0.25)
January 11, 2007 P49.03 (DOWN P0.12)
January 12, 2007 P49.015 (UP P0.015)

WEEK 3:
January 15, 2007 P48.86 (UP P0.155)
January 16, 2007 P48.725 (UP P0.135)
January 17, 2007 P48.85 (DOWN P0.125)
January 18, 2007 P48.79 (UP P0.06)
January 19, 2007 P48.895 (DOWN P0.105)

WEEK 4:
January 22, 2007 P49.03 (DOWN P0.135)
January 23, 2007 P48.93 (UP P0.10)
January 24, 2007 P48.84 (UP P0.09)
January 25, 2007 P48.95 (DOWN P0.11)
January 26, 2007 P49.09 (DOWN P0.14)

WEEK 5:
January 29, 2007 P49.13 (DOWN P0.14)
January 30, 2007 P48.955 (UP P0.175)
January 31, 2007 P48.90 (UP P0.055)
February 1, 2007 P48.735 (UP P0.165)
February 2, 2007 [P48.71 (UP P0.025)

WEEK 6:
February 5, 2007 P48.67 (UP P0.04)
February 6, 2007 P48.505 (UP P0.165)
February 7, 2007 P48.355 (UP P0.15)
February 8, 2007 P48.39 (DOWN P0.035)
February 9, 2007 P48.305 (UP P0.085)

WEEK 7:
February 12, 2007 P48.365 (DOWN P0.06)
February 13, 2007 P48.50 (DOWN P0.135)
February 14, 2007 P48.385 (UP P0.115)
February 15, 2007 P48.25 (UP P0.135)
February 16, 2007 P48.10 (UP P0.15)

WEEK 8:

February 19, 2007 P48.10 (=)
February 20, 2007 P48.05 (UP P0.05)
February 21, 2007 P48.125 (DOWN P0.075)
February 22, 2007 P48.30 (DOWN P0.175)
February 23, 2007 P48.155 (UP P0.145)

WEEK 9:

February 26, 2007 P48.245 (DOWN P0.09)
February 27, 2007 P48.38 (DOWN P0.135)
February 28, 2007 P48.54 (DOWN P0.16)
March 1, 2007 P48.59 (DOWN P0.05)
March 2, 2007 P48.715 (DOWN P0.125)

WEEK 10:

March 5, 2007 P48.89 (DOWN P0.175)
March 6, 2007 P48.835 (UP P0.055)
March 7, 2007 P48.735 (UP P0.10)
March 8, 2007 P48.53 (UP P0.205)
March 9, 2007 P48.545 (DOWN P0.015)

WEEK 11:

March 12, 2007 P48.36 (UP P0.185)
March 13, 2007 P48.50 (DOWN P0.14)
March 14, 2007 P48.75 (DOWN P0.25)
March 15, 2007 P48.73 (UP P0.02)
March 16, 2007 P48.85 (DOWN P0.12)

WEEK 12:

March 19, 2007 P48.725 (UP P0.125)
March 20, 2007 P48.585 (UP P0.14)
March 21, 2007 P48.41 (UP P0.175)
March 22, 2007 P48.261 (UP P0.149)
March 23, 2007 P48.16 (UP P0.101)

WEEK 13 (FINAL):

March 26, 2007 P48.07 (UP P0.09)
March 27, 2007 P48.08 (DOWN P0.01)
March 28, 2007 P48.255 (DOWN P0.175)

The trend: UP (35); DOWN (26); = (1)

HOW IS THE PHILIPPINE STOCK EXCHANGE?

1st Quarter

WEEK 1:

January 2, 2007 2,976.85 (DOWN 5.69)
January 3, 2007 3,020.70 (UP 43.85)
January 4, 2007 3012.74 (DOWN 7.96)
January 5, 2007 2,996.39 (DOWN 16.35)

WEEK 2:

January 8, 2007 2,952.32 (DOWN 44.07)
January 9, 2007 2,972.32 (UP 20.00)
January 10, 2007 2,951.08 (DOWN 21.24)
January 11, 2007 2,940.16 (DOWN 10.92)
January 12, 2007 2,992.33 (UP 52.17)

WEEK 3:

January 15, 2007 3,019.06 (UP 26.73)
January 16, 2007 3,070.29 (UP 51.23)
January 17, 2007 3,041.56 (DOWN 28.73)
January 18, 2007 3,081.73 (UP 40.17)
January 19, 2007 3,085.18 (UP 3.45)

WEEK 4:
January 22, 2007 3,141.28 (UP 56.10)
January 23, 2007 3,199.34 (UP 58.06)
January 24, 2007 3,244.75 (UP 45.41)
January 25, 2007 3,275.19 (UP 30.44)
January 26, 2007 3,162.82 (DOWN 112.37)

WEEK 5:
January 29, 2007 3,177.36 (UP 14.54)
January 30, 2007 3,196.66 (UP 19.30)
January 31, 2007 3,239.27 (UP 42.61)
February 1, 2007 3,245.26 (UP 5.99)
February 2, 2007 3,269.18 (UP 23.92)

WEEK 6:
February 5, 2007 3,281.90 (UP 12.72)
February 6, 2007 3,271.97 (DOWN 9.93)
February 7, 2007 3232.39 (DOWN 39.58)
February 8, 2007 3,196.08 (DOWN 36.31)
February 9, 2007 3,245.81 (UP 49.73)

WEEK 7:
February 12, 2007 3,234.16 (DOWN 11.65)
February 13, 2007 3,233.91 (DOWN 0.25)
February 14, 2007 3,300.94 (UP 67.03)
February 15, 2007 3,379.37 (UP 78.43)
February 16, 2007 3,333.56 (DOWN 45.81)

WEEK 8:

February 19, 2007 3,329.03 (DOWN 4.53)
February 20, 2007 3,375.31 (UP 46.28)
February 21, 2007 3,378.92 (UP 3.61)
February 22, 2007 3,365.53 (DOWN 13.39)
February 23, 2007 3,389.37 (UP 23.84)

WEEK 9:

February 26, 2007 3,380.00 (DOWN 9.37)
February 27, 2007 3,331.29 (DOWN 48.71)
February 28, 2007 3,067.45 (DOWN 263.84)
March 1, 2007 3,190.12 (UP 122.67)
March 2, 2007 3,140.34 (DOWN 49.78)

WEEK 10:

March 5, 2007 2,997.88 (DOWN 142.46)
March 6, 2007 2,973.27 (DOWN 24.61)
March 7, 2007 3,063.26 (UP 89.99)
March 8, 2007 3,028.37 (DOWN 34.89)
March 9, 2007 3099.82 (UP 71.45)

WEEK 11:

March 12, 2007 3,124.96 (UP 25.14)
March 13, 2007 3,181.96 (UP 57.00)
March 14, 2007 3,074.28 (DOWN 107.68)
March 15, 2007 3,043.61 (DOWN 30.67)
March 16, 2007 3,062.25 (UP 18.64)

WEEK 12:

March 19, 2007 3,041.38 (DOWN 20.87)
March 20, 2007 3,039.31 (DOWN 2.07)
March 21, 2007 3,090.47 (UP 51.09)
March 22, 2007 3,178.32 (UP 88.00)
March 23, 2007 3,170.05 (DOWN 8.21)

WEEK 13 (FINAL):

March 26, 2007 3,150.04 (DOWN 20.01)
March 27, 2007 3,174.75 (UP 24.71)
March 28, 2007 3,162.81 (DOWN 11.94)

The trend: UP (32); DOWN (30); = (0)

Ady001

March 28th, 2007, 08:25 PM

^^ Probably due to the hostage-taking. My goodness... I hope it doesn't send shockwaves to the international community.

flymordecai

March 28th, 2007, 09:30 PM

^^ Probably due to the hostage-taking. My goodness... I hope it doesn't send shockwaves to the international community.

I don't see why it should. Hostages happen all over the world, yet they don't reach international news unless it's major.

Insanedriver

March 28th, 2007, 09:32 PM

it only became a major since its hostages are mainly kids...

tyronne

March 28th, 2007, 10:05 PM

It's been all over the news channels since last night until early today over here in San Francisco. Mabuti naman at natapos na; kawawa yung mga bata.

On a side note, that part of Manila looks nice on TV. Ganda rin ng bus stop at yung mga lightposts :D

diz

March 28th, 2007, 10:12 PM

^^ Good thing it was a nice looking bus compared to the other busses we have and it parked right in front of a monument. :lol:

IsaRic

March 29th, 2007, 12:40 AM

^^ Good thing it was a nice looking bus compared to the other busses we have and it parked right in front of a monument. :lol:

what are the chances aye?

the manila city hall and that one monument with the sword... lol sorry, i have no idea wat it was...:nuts:

Ady001

March 29th, 2007, 05:04 AM

Anyway, television really stretched the truth, or the media.

Sinjin P.

March 29th, 2007, 11:24 AM

HOW IS THE PESO?

1st Quarter

WEEK 1:

January 2, 2007 P48.92 (UP P0.11)
January 3, 2007 P48.88 (UP P0.04)
January 4, 2007 P48.83 (UP P0.05)
January 5, 2007 P48.84 (DOWN P0.01)

WEEK 2:

January 8, 2007 P48.835 (UP P0.005)
January 9, 2007 P48.66 (UP P0.175)
January 10, 2007 P48.91 (DOWN P0.25)
January 11, 2007 P49.03 (DOWN P0.12)
January 12, 2007 P49.015 (UP P0.015)

WEEK 3:
January 15, 2007 P48.86 (UP P0.155)
January 16, 2007 P48.725 (UP P0.135)
January 17, 2007 P48.85 (DOWN P0.125)
January 18, 2007 P48.79 (UP P0.06)
January 19, 2007 P48.895 (DOWN P0.105)

WEEK 4:
January 22, 2007 P49.03 (DOWN P0.135)
January 23, 2007 P48.93 (UP P0.10)
January 24, 2007 P48.84 (UP P0.09)
January 25, 2007 P48.95 (DOWN P0.11)
January 26, 2007 P49.09 (DOWN P0.14)

WEEK 5:
January 29, 2007 P49.13 (DOWN P0.14)
January 30, 2007 P48.955 (UP P0.175)
January 31, 2007 P48.90 (UP P0.055)
February 1, 2007 P48.735 (UP P0.165)
February 2, 2007 [P48.71 (UP P0.025)

WEEK 6:
February 5, 2007 P48.67 (UP P0.04)
February 6, 2007 P48.505 (UP P0.165)
February 7, 2007 P48.355 (UP P0.15)
February 8, 2007 P48.39 (DOWN P0.035)
February 9, 2007 P48.305 (UP P0.085)

WEEK 7:
February 12, 2007 P48.365 (DOWN P0.06)
February 13, 2007 P48.50 (DOWN P0.135)
February 14, 2007 P48.385 (UP P0.115)
February 15, 2007 P48.25 (UP P0.135)
February 16, 2007 P48.10 (UP P0.15)

WEEK 8:

February 19, 2007 P48.10 (=)
February 20, 2007 P48.05 (UP P0.05)
February 21, 2007 P48.125 (DOWN P0.075)
February 22, 2007 P48.30 (DOWN P0.175)
February 23, 2007 P48.155 (UP P0.145)

WEEK 9:

February 26, 2007 P48.245 (DOWN P0.09)
February 27, 2007 P48.38 (DOWN P0.135)
February 28, 2007 P48.54 (DOWN P0.16)
March 1, 2007 P48.59 (DOWN P0.05)
March 2, 2007 P48.715 (DOWN P0.125)

WEEK 10:

March 5, 2007 P48.89 (DOWN P0.175)
March 6, 2007 P48.835 (UP P0.055)
March 7, 2007 P48.735 (UP P0.10)
March 8, 2007 P48.53 (UP P0.205)
March 9, 2007 P48.545 (DOWN P0.015)

WEEK 11:

March 12, 2007 P48.36 (UP P0.185)
March 13, 2007 P48.50 (DOWN P0.14)
March 14, 2007 P48.75 (DOWN P0.25)
March 15, 2007 P48.73 (UP P0.02)
March 16, 2007 P48.85 (DOWN P0.12)

WEEK 12:

March 19, 2007 P48.725 (UP P0.125)
March 20, 2007 P48.585 (UP P0.14)
March 21, 2007 P48.41 (UP P0.175)
March 22, 2007 P48.261 (UP P0.149)
March 23, 2007 P48.16 (UP P0.101)

WEEK 13 (FINAL):

March 26, 2007 P48.07 (UP P0.09)
March 27, 2007 P48.08 (DOWN P0.01)
March 28, 2007 P48.255 (DOWN P0.175)
March 29, 2007 P48.18 (UP P0.075)

The trend: UP (36); DOWN (26); = (1)

HOW IS THE PHILIPPINE STOCK EXCHANGE?

1st Quarter

WEEK 1:

January 2, 2007 2,976.85 (DOWN 5.69)
January 3, 2007 3,020.70 (UP 43.85)
January 4, 2007 3012.74 (DOWN 7.96)
January 5, 2007 2,996.39 (DOWN 16.35)

WEEK 2:

January 8, 2007 2,952.32 (DOWN 44.07)
January 9, 2007 2,972.32 (UP 20.00)
January 10, 2007 2,951.08 (DOWN 21.24)
January 11, 2007 2,940.16 (DOWN 10.92)
January 12, 2007 2,992.33 (UP 52.17)

WEEK 3:

January 15, 2007 3,019.06 (UP 26.73)
January 16, 2007 3,070.29 (UP 51.23)
January 17, 2007 3,041.56 (DOWN 28.73)
January 18, 2007 3,081.73 (UP 40.17)
January 19, 2007 3,085.18 (UP 3.45)

WEEK 4:
January 22, 2007 3,141.28 (UP 56.10)
January 23, 2007 3,199.34 (UP 58.06)
January 24, 2007 3,244.75 (UP 45.41)
January 25, 2007 3,275.19 (UP 30.44)
January 26, 2007 3,162.82 (DOWN 112.37)

WEEK 5:
January 29, 2007 3,177.36 (UP 14.54)
January 30, 2007 3,196.66 (UP 19.30)
January 31, 2007 3,239.27 (UP 42.61)
February 1, 2007 3,245.26 (UP 5.99)
February 2, 2007 3,269.18 (UP 23.92)

WEEK 6:
February 5, 2007 3,281.90 (UP 12.72)
February 6, 2007 3,271.97 (DOWN 9.93)
February 7, 2007 3232.39 (DOWN 39.58)
February 8, 2007 3,196.08 (DOWN 36.31)
February 9, 2007 3,245.81 (UP 49.73)

WEEK 7:
February 12, 2007 3,234.16 (DOWN 11.65)
February 13, 2007 3,233.91 (DOWN 0.25)
February 14, 2007 3,300.94 (UP 67.03)
February 15, 2007 3,379.37 (UP 78.43)
February 16, 2007 3,333.56 (DOWN 45.81)

WEEK 8:

February 19, 2007 3,329.03 (DOWN 4.53)
February 20, 2007 3,375.31 (UP 46.28)
February 21, 2007 3,378.92 (UP 3.61)
February 22, 2007 3,365.53 (DOWN 13.39)
February 23, 2007 3,389.37 (UP 23.84)

WEEK 9:

February 26, 2007 3,380.00 (DOWN 9.37)
February 27, 2007 3,331.29 (DOWN 48.71)
February 28, 2007 3,067.45 (DOWN 263.84)
March 1, 2007 3,190.12 (UP 122.67)
March 2, 2007 3,140.34 (DOWN 49.78)

WEEK 10:

March 5, 2007 2,997.88 (DOWN 142.46)
March 6, 2007 2,973.27 (DOWN 24.61)
March 7, 2007 3,063.26 (UP 89.99)
March 8, 2007 3,028.37 (DOWN 34.89)
March 9, 2007 3099.82 (UP 71.45)

WEEK 11:

March 12, 2007 3,124.96 (UP 25.14)
March 13, 2007 3,181.96 (UP 57.00)
March 14, 2007 3,074.28 (DOWN 107.68)
March 15, 2007 3,043.61 (DOWN 30.67)
March 16, 2007 3,062.25 (UP 18.64)

WEEK 12:

March 19, 2007 3,041.38 (DOWN 20.87)
March 20, 2007 3,039.31 (DOWN 2.07)
March 21, 2007 3,090.47 (UP 51.09)
March 22, 2007 3,178.32 (UP 88.00)
March 23, 2007 3,170.05 (DOWN 8.21)

WEEK 13 (FINAL):

March 26, 2007 3,150.04 (DOWN 20.01)
March 27, 2007 3,174.75 (UP 24.71)
March 28, 2007 3,162.81 (DOWN 11.94)
March 29, 2007 3,151.72 (DOWN 11.09)

The trend: UP (32); DOWN (31); = (0)