The Philippine Stock Exchange and the PHP/Foreign Currency Exchange

[Monchhichi]

Phl stocks surge to new record high
MANILA, Philippines - Philippine stocks surged to a new record high yesterday for the 28th time after data showed an improvement in manufacturing from the world’s biggest economies – China and the eurozone.

The Philippine Stock Exhange index (PSEi) climbed 0.71 percent or 38.97 points to finish at a new all-time high of 5,552.34 as investors scooped up banking stocks amid hopes of a new wave of mergers and acquisitions in the industry.

Turnover value amounted to P5.75 billion with a total of 88 advances as against 72 decliners.
http://ph.news.yahoo.com/phl-stocks-...161539274.html

[leofriends]

PH market posts 29th all-time high

Philippine Daily Inquirer
8:23 pm | Monday, November 26th, 2012

MANILA, Philippines—The local stock market on Monday posted a new all-time high—the 29th this year—as a rosy outlook for 2013 alongside banking merger and acquisition (M&A) talks kept investor sentiment buoyant.

The main-share Philippine Stock Exchange index jumped 27.08 points, or 0.49 percent, to a record finish of 5,579.42. The index also hit a new record intraday high of 5,585.09.

The upswing continued to be led by banking stocks, which perked up the financial index by 1.62 percent.

JP Morgan Securities Philippines Inc. executive director Gilbert Lopez said investors were positioning ahead of an upbeat 2013 but noted that a big factor behind the PSEi’s surge to record highs was banking M&A excitement.

“People regard the merger as something positive but they are kind of moving ahead because a merger is not sure yet,” Lopez said. In the end, Lopez said he believed it was still BPI that was most likely to forge a deal to take over PNB given that the Ayala-led bank was trading at a much higher price-to-earnings multiple compared to either Banco de Oro Unibank or Metropolitan Bank and Trust Co.

For the Lucio Tan Group, Lopez added that once the conglomerate has been restructured by the first quarter of 2013, it would be more attractive to investors if the shares to be sold by LTG under a follow-on offering factored in a bank exposure that would be under a BPI entity than under PNB.—Doris C. Dumlao

http://business.inquirer.net/95099/p...-all-time-high

[Monchhichi]

Trading in Philippine stocks stops for unknown reason

Trading on the Philippine Stock Exchange halted on Tuesday at around 11:11 a.m. for still unknown reason.

Harry Liu, president of Summit Securities Inc., noted the trading was stopped “when something went off,” adding that “until now it’s off.”

According to a representative of the PSE Corporate Communications department, “it could be something of technical in nature, but as of now I don’t have anything official.

“We’re still looking into it,” she said.

Earlier Tuesday, the main PSEi breached the psychological resistance at 5,600 and touched an intra-day high of 5,615.62 at 10:41 a.m.

The PSEi is currently pegged at 5,598.43 – the same level when trading suddenly stopped – up 0.34 percent from Monday’s close.
http://www.gmanetwork.com/news/story...unknown-reason

PSE Index Climbs To New Record High at 5,579.42 Points
Local share prices surged to another record close yesterday on the back of improving investor sentiment as indicators of the world’s main economies have shown some recovery and continuing foreign portfolio inflows.

The benchmark Philippine Stock Exchange index (PSEI) rose 27.08 points or 0.49 percent to close at 5,579.42, breaking the last record high of 5,552.34 reached only last Friday, November 23, 2012.

Year-to-date, the PSEi has broken through new record highs for a total of 29 times.

Volume was moderate, however. A total of 1.91 billion shares valued at P6.469 billion was traded with 77 losers, 76 gainers and 51 issues unchanged.

“Upbeat expectations on both the listed company and macroeconomic fronts continue to infuse excitement in our investors. Local developments have been able to overshadow ongoing concerns abroad, and this certainly bodes well for the market as we look to end 2012 on a high note,” PSE Chief Operating Officer Roel A. Refran said.

Local shares are rising, in line with gains in regional bourses, and led by financial stocks.

Another factor driving the market up is the ongoing merger talks between Bank of PI and the PNB-Allied group. “This is the same story that we saw last week, that if the merger pushes through, it could prompt other big banks to buy smaller banks,” says COL Financial research head April Tan, referring to ongoing merger talks between Bank of the Philippine Islands and Philippine National Bank (PNB).

BDO chief market strategist Jonathan Ravelas said the market rally factors the country’s sound fiscal and economic fundamentals. Also helping are the low interest rates and stable foreign exchange.

“The market is also anticipating that the third quarter GDP will be better,” Ravelas said adding that “looks like the market has gas to try 5,600 levels.”

For his part, First Grade Holdings managing director Astro del Castillo said GDP is seen to be within market expectations and this is boosting sentiment.

Sentiment was also positive due to the Dow’s strong gains last Friday as fears over the so-called fiscal cliff start to wane.

He noted that the Black Friday record sales in the US also indicates that the world’s largest economy is also starting to recover.

“It seems investors are now buying for 2013 as indications show that it is not the end of the world but is the beginning of better days to come,” Del Castillo said
http://www.mb.com.ph/articles/383227...s#.ULRqnuRJNmQ

[anakngpasig]

there was a technical problem. trading resumed at 1:45pm

[Monchhichi]

Philippine market one of top 3 JP Morgan picks for 2013
Global investment bank JP Morgan has picked the Philippines as one of its three most-favored stock markets for 2013, marking the fourth straight year that the local bourse is expected to outperform most of its regional peers.
“We are still very bullish for 2013,” JP Morgan Securities Philippines Inc. executive director and head of equity research Gilbert Lopez said in a press briefing on Monday. The two other Asian markets seen by JP Morgan as top market picks for next year are Thailand and India, citing favorable demographics as a common denominator with the Philippines.
At the beginning of 2012, JP Morgan’s emerging market and Asian equity strategist Arian Mowat also cited the Philippines as among its most favored markets along with Thailand and Indonesia. This year, he said the Philippines was still on Mowat’s favored list.
Lopez said JP Morgan had an “overweight” rating on Philippine equities for the last four years. An “overweight” rating refers to a recommendation to buy in excess of the prescribed weight in a closely followed index like MSCI Asia ex-Japan, which JP Morgan expects to rise by 15 percent next year.
JP Morgan does not target local indices like the Philippine Stock Exchange index but Lopez said that based on its price targets on monitored stocks, the PSEi might have room to rise by another 20-25 percent from current levels. The company covers 30 Philippine stocks, at least 27 of which are part of the PSEi.
“The reason we like the Philippines is that in a global context, earnings environment is still good,” Lopez said, adding that JP Morgan was expecting average earnings per share in this market to grow at a faster pace of 17 percent next year from about 12 percent this year.
http://business.inquirer.net/95141/p...picks-for-2013

[leofriends]

OMG!! ABOVE 5600 LEVEL!!!..

PSEi scales to new high after surprise 3Q growth data

By: Krista Angela M. Montealegre, InterAksyon.com
November 28, 2012 12:26 PM

MANILA - Philippine share prices on Wednesday are on course to hit another record high for the fourth straight session after the country’s gross domestic product numbers in the third quarter came in better than expected.

At the Philippine Stock Exchange, the composite index rose 41.68 points or 0.75 percent to close morning trades at 5,628.13.

On Tuesday, the PSEi touched the 5,600 level before paring its gains to settle at a fresh all-time high at 5,586.45.

Leading the market's rally was the property sector, which jumped 1.35 percent.

Decliners beat advancers, 80 to 74, while 38 issues were unchanged. A total of 2.19 billion stocks worth P4.65 billion changed hands.

"The GDP results was definitely a factor because before it came out we were trading sideways and the market even opened lower," said Jose Vistan of AB Capital Securities.

"The market was probably being cautious because we can get disappointing numbers after getting good numbers in the first two quarters. Apparently it didn't disappoint and we were treated to a pleasant surprise," Vistan.

The favorable GDP numbers lifted cyclical stocks Meralco and SM Prime, which rose 3.45 percent and 4.55 percent, respectively, by noon.

The National Statistical Coordination Board said the Philippine economy grew 7.1 percent in the third quarter, exceeding analyst expectations of 5.4-5.5 percent. This led the country’s GDP to expand by 6.5 percent in the first nine months, or above the high-end of the government’s full-year target range of 5-6 percent.

"Euphoria will continue but it will slow down a bit in the afternoon, but I think it will still close at a record high," said Vistan.

http://www.interaksyon.com/business/...3q-growth-data

HINDI PA SARADO YAN.. MAMYANG GABI PA MALALAMAN ANG FINAL POINTS NG STOCKS..

[Monchhichi]

Originally Posted by leofriends

PH market posts 29th all-time high

Philippine Daily Inquirer
8:23 pm | Monday, November 26th, 2012



http://business.inquirer.net/95099/p...-all-time-high

PSEi up 7 points to 30th all-time-high close for the year
http://www.gmanetwork.com/news/story...e-for-the-year

PSEi scales to new high after surprise 3Q growth data
By: Krista Angela M. Montealegre, InterAksyon.com
November 28, 2012 12:26 PM
MANILA - (UPDATED 3:38 p.m.) Philippine share prices on Wednesday extended their record breaking run for the fourth straight session to close above the 5,600 level for the first time after the country’s gross domestic product (GDP) in the third quarter came in better than expected.

At the Philippine Stock Exchange, the composite index rose 47.27 points or 0.85 percent to close at a fresh all-time high of 5,633.72, surpassing its previous high of 5,586.45 on Tuesday.

Leading the market's rally was the property sector, which jumped 1.34 percent. Decliners beat advancers, 79 to 78, while 46 issues were unchanged. A total of 4.14 billion stocks worth P8.66 billion changed hands.

Actively traded stocks were PLDT, SM Investments, GT Capital, SM Prime and Meralco. Top gainers were IPeople, Cirtek and First Abacus, while the biggest losers were Touch Solutions, Oriental Peninsula and 2GO.

"The GDP result was definitely a factor because before it came out we were trading sideways and the market even opened lower," said Jose Vistan of AB Capital Securities.

"The market was probably being cautious because we can get disappointing numbers after getting good numbers in the first two quarters. Apparently it didn't disappoint and we were treated to a pleasant surprise," Vistan.

The National Statistical Coordination Board said the Philippine economy grew 7.1 percent in the third quarter, exceeding analyst expectations of 5.4-5.5 percent. This led the country’s GDP to expand by 6.5 percent in the first nine months, or above the high-end of the government’s full-year target range of 5-6 percent.
http://www.interaksyon.com/business/...3q-growth-data

[anakngpasig]

November 28, 2012, PSEi closed at an all-time high...again!

[leofriends]

FOR THE 31ST TIME AFTER THE 5,633 MARK YESTERDAY...

PSEi inches up to new record at 5,640.45

By: Likha Cuevas-Miel, InterAksyon.com
November 29, 2012 4:21 PM

MANILA - (UPDATED 4:49 p.m.) Local share prices went sideways on Thursday as investors deemed Philippine firms "too expensive" relative to its peers in the region.

At the Philippine Stock Exchange, the benchmark composite index inched up 6.73 points or 0.12 percent to close at a new record high at 5,640.45.

Half of the sector sub-indices however succumbed to profit-taking as investors cashed in amid the shortened trading week. The local bourse will be closed on Friday as the Philippines commemorates Bonifacio Day.

Losers beat gainers, 103 to 65, with 39 issues unchanged. About 3.74 billion shares worth P11-billion changed hands.

Most active stocks were Meralco, PLDT, SM Investments, Ayala Corp and BDO.

Top gainers were Lorenzo Shipping, Berjaya Philippines, 2GO, IP Converge and Cirtek Holdings. Top losers were Concrete Aggregates, Makati Finance, IPVG, Crown Equities and Philrealty.

According to AB Capital Securities Inc head or research Jose L. Vistan, investors may have agreed with Goldman Sachs' assessment that the Philippines is now one of the most expensive markets, trading at 17 time earnings, as against the Asia's average of 15 times.

"We may have become fundamentally expensive since historically, PSEi is trading at 13 times. Earnings have to play catch-up since its growth is not proportionate to how the market is pricing local firms," Vistan said.

This means share prices are rising faster, too soon, fueled by the high liquidity coming into the system. Given the positive sentiment towards the Philippines' growth story, the index may go higher in the coming days, the analyst added.

The govenrment last Wednesday reported that third-quarter economic growth came in better-than-expected at 7.1 percent, making the Philippines the fastest-growing in Asean and the second best-performing in Asia next to China.

http://www.interaksyon.com/business/...ord-at-5640-45

[leofriends]

nornal n lng ang pagtaas ng PSEi record bawat araw.. sarap magtrabaho sa PSE..

[whatuwan]

I think that the next session will be a combo-breaker. The investors need to take some of their profits from those rallies

[anakngpasig]

Originally Posted by whatuwan

I think that the next session will be a combo-breaker. The investors traders need to take some of their profits from those rallies

fixed

[human_concern]

please. please. please. help me in understanding this problem given to us. basically, i have to use the ff. data in answering the given questions. please help me what to do. pls!







http://sphotos-a.ak.fbcdn.net/hphoto...58504871_n.jpg

the questions are:
1. from the november 23, 2012 Daily news bulletin of abacus securities, what directions can you find about the economic outlook


2. from the same report, what are the business or investment opportunities that are being indicated

please. i have no background knowledge for this kind of analysis. pls. save me

[calaguyo]

Originally Posted by anakngpasig

fixed

Hahaha! I'm about to say the same!

[fieldsofdreams]

I wonder if anyone has seen this (and I'm joining in by the way): is the Peso really coming stronger now as it is approaching P40:$1 on the ForEx again? It seems like the RP economy is really bullish despite the market downturn here in the United States.

[nayki]

Some analyst says that it may reach up to Php37 = $1 at the end of next year. Quite bad for someone working for dollars

[Tokyo/Manila]

well in my opinion ayoko pa lumakas ang piso.... well acceptable sa akin na lumakas ang piso kung siguro kung malaki laki na ang per capita income ng Philippines..... apektado kasi export at remittances ng Pilipinas

[wadapakers2012]

^ agree ako dyan... hope nasa tamang level muna ang piso para lahat happy...

[calaguyo]

Finally I got positive portfolio, despite PSE slow down today!

[3cr]

Philippine stocks keep on rising on bright prospects for 2013
Philippine Daily Inquirer
http://business.inquirer.net/96329/p...pects-for-2013

MANILA, Philippines — Local stocks closed at a new all-time high on Monday led by cyclical banking and property stocks on robust prospects for 2013.

The main-share Philippine Stock Exchange index racked up another 32.25 points or 0.57 percent to close at the day’s peak of 5,672.70, the highest level ever hit by the index. The PSEi has now hit record highs for the 33rd time this year.

The index was led by the financial (+1.72 percent) and property (+1.28 percent) counters.

The outperformer among index stocks was BPI (+6.74 percent) which has been having merger talks with Philippine National Bank, a prospective deal that could catapult it to the top of the local banking industry in terms of size.

Other index gainers were Megaworld (+4.38 percent), SM Prime (+3.86 percent), Meralco (+3.66 percent), AEV (+3.45 percent) and AC (+3.08 percent).

AP, MPI, Jollibee and URC also all gained by over 1 percent.

On the other hand, the PSEi’s gains were tempered by the decline of Philex (-3.08 percent), AGI (-2.45 percent) and PLDT (-2.17 percent).

Metrobank, in its daily commentary, said some pullback on the domestic market might be expected “as is warranted from its rise to recent highs.”

“Also, continued volatility brought about by U.S. fiscal cliff worries will remain to haunt investor confidence. However, a bullish stance is preferred on the medium- to long-term for Philippine equities. Major market corrections may be viewed as a chance to enter (or re-enter) the market,” it said.

A key index support was seen at 5,500.