The Philippine Stock Exchange and the PHP/Foreign Currency Exchange

[calaguyo]

5700 level, here we come!!!

[fieldsofdreams]

Be careful though of what we wish for -- especially for the stock market -- because it can suddenly plummet and crash if it is seen to be too hot to invest. Remember what happened in Japan during the stock market and economic bubble in the late 1980s that ended up crashing in the mid-1990s. It may show that the Philippines is expanding its economy rapidly, but I think that it should find a happy medium where the stock index finds itself comfortable to stay for a while before climbing even further. A value and volume decline may be needed to "correct" the market, but, I am hopeful that the economic growth of the Philippines will continue on.

[siopao.asado]

“@Philbizwatcher: #PSEi
*closes 33.58 pts or 0.59% higher at a new all-time high of 5,706.28, likewise the day's peak” @inquirerdotnet

[fieldsofdreams]

Wow, 5,700 na nga. Question: will it reach at least 5,800 by 31 December? Or does it need to have a market correction first?

[manila_eye]

nakakainis ang taas ng mutual funds na nabili ko ngayon.

[Monchhichi]

Market bullish, hits new high
MANILA, Philippines - The local stock market continued its bullish streak, soaring to its 33rd all time high this year following upbeat Chinese manufacturing data.

The Philippine Stock Exchange index surged 32.25 points or 0.57 percent to close at 5,672.70, mirroring gains in other Asian markets.

At the foreign exchange market, the peso closed two centavos stronger against the dollar, pulling back from a supposed new four-year record after the Bangko Sentral ng Pilipinas (BSP) intervened to tame its strength.

The local unit ended trading at 40.88 to a dollar yesterday, moving sideways from Thursday’s close of 40.90. This was after it opened at 40.85 to a dollar, a new 57-month high.

“There was some support from the BSP at the 40.85-level,” a trader at a local bank said in a phone interview. The BSP purchases dollars to boost demand on the greenback in order to temper the peso’s rise.

Jonathan Ravelas, chief market strategist at the BDO Unibank Inc., said the appreciation was a result of inflows to the equity markets after the PSE index closed at a new record yesterday.
Business ( Article MRec ), pagematch: 1, sectionmatch: 1



Value turnover at the PSE increased to P10.74 billion with gainers outnumbering decliners 79 to 75.

China’s official manufacturing index expanded to 50.6 in November- the highest reading in seven months – reflecting optimism that the world’s second largest economy is on the mend after several months of slowdown. A reading above 50 indicates expansion.
http://www.philstar.com/business/201...-hits-new-high

[anakngpasig]

OMG OMG i've been waiting for this all my life!

Metrobank unit setting up exchange-traded fund

BY RAPPLER.COM
POSTED ON 12/03/2012 1:55 PM | UPDATED 12/03/2012 1:58 PM

MANILA, Philippines - While companies overseas are cutting back on their exchange-traded fund (ETF) offerings due to intense competition, local ones are just starting to get in the game.

First Metro Investment Corp. (FMIC), the investment banking unit of George Ty-led Metrobank group, announced Monday, December 3, its board approved the creation of an ETF with initial capitalization of P250 million, subject to regulatory approvals.

FMIC joins two of the country's largest banks -- Henry Sy's Banco de Oro and the Ayala group's Bank of the Philippine Islands -- which have expressed interest to roll out ETFs by yearend.

An ETF is a financial instrument that mirrors an index or a basket of securities, and is bought and sold like a stock on the exchange.

And because it is traded like a stock, its price stays close to its net asset value over the course of the trading day.

more

[calaguyo]

^I am all prepared for ETF!

Goodluck to us!

[nayki]

Originally Posted by anakngpasig

OMG OMG i've been waiting for this all my life!



more

Thanks for sharing! Before i am investing in UITF/Mutual funds equity, my problem with those products is that the investor is blind with the NAVPU values for the day. NAVPU are being computed at the end of the day so it will be a risk if you are going to take out the money on a small margin.

[red_jasper]

Lucio Tan's Eton moves closer to delisting after share buyback
BY RAPPLER.COM
POSTED ON 12/06/2012 5:06 PM | UPDATED 12/06/2012 5:06 P

Lucio Tan's property firm, Eton Properties Philippines, Inc., has bought back more than half of its shares held by the public, in line with its delisting plan.

In a disclosure to the Philippine Stock Exchange on Thursday, December 7, Eton said it has bought 44.07 million of its common shares from public investors during an extended tender offer. Only 29.72 million common shares of the company are still held by the public.

Paramount LandEquities, Inc., the major shareholder of Eton, is currently conducting a tender offer so it could delist Eton's shares from PSE for failure to comply with the minimum public ownership requirement.

“This is without prejudice to the additional shares that may be tendered after December 5. Pursuant to the directive of the Securities and Exchange Commission to delay or postpone the tender offer,” Eton said.

The property firm earlier reported that it was directed by the SEC to extend the tender offer deadline, which was supposed to end last Wednesday, December 5.

While it filed a motion for reconsideration, Eton and Paramount said they will abide by the directive of the SEC.

Full story here

[anakngpasig]

Originally Posted by nayki

Thanks for sharing! Before i am investing in UITF/Mutual funds equity, my problem with those products is that the investor is blind with the NAVPU values for the day. NAVPU are being computed at the end of the day so it will be a risk if you are going to take out the money on a small margin.

one of the reasons i'm kinda wary of mutual funds.

ETF is almost the same as a mutual fund. the difference is that ETFs are traded in the stock exchange. matagal na may ETFs sa US, first time lang 'to gagawin sa Pilipinas, in fact, the Phil SEC released the rules and regulations on ETFs only last October

sa ETF, you are allowed to trade your shares just like a stock.

[bartstrife99]

mas malake ba. ang return jan,,

[nayki]

Mas maliit for sure compared to stock share itself kasi merong mga fund managers na naghahandle for you in which may percentage sa money mo whether you win or loose.

[bartstrife99]

Originally Posted by nayki

Mas maliit for sure compared to stock share itself kasi merong mga fund managers na naghahandle for you in which may percentage sa money mo whether you win or loose.

thx

[leofriends]

PSEi climbs to fresh record just below 5,800-mark

By: Krista Angela M. Montealegre, InterAksyon.com
December 7, 2012 3:45 PM

MANILA - Philippine share prices on Friday extended their uptrend to bring the benchmark index just a few points below the 5,800 level on the back of the bullish prospects for the local economy.

At the Philippine Stock Exchange, the benchmark index rose 30.56 points or 0.53 percent to close at a fresh all-time high of 5,794.20, eclipsing its previous high of 5,763.64 on Thursday.

This marked the ninth time in 10 sessions that the PSEi finished at an all-time high and the 36th time it has rewritten records this year. Leading the market's ascent was the mining and oil counter, which rallied 0.93 percent.

A total of 4.08 billion stocks worth P8.67 billion changed hands. Despite another record finish, market breadth was negative as decliners outnumbered advancers, 89 to 74, while 47 issues were unchanged.

"The market is trying to make a run for 5,800, but one thing I noticed, similar to what happened last week when we reached a new high, market breadth seems not to be in sync with the record high of the index. There's some profit-taking already as we make new record highs. Some traders were uncomfortable with the high valuation," said Jose Vistan of AB Capital Securities Inc.

Recent favorable economic data continue to heighten risk appetite among investors despite the market's high valuations. The government last week reported that the Philippine economy posted a surprise 7.1 percent growth in gross domestic product, the fastest in Asean and the second-best in Asia next to China.

The National Statistics Office last Wednesday said inflation eased to a five-month low of 2.8 percent in November from 3.1 percent in the previous month. This brought the 11-month headline inflation average to 3.1 percent or at the low end of the Bangko Sentral ng Pilipinas’ full-year target range of 3-5 percent.

"What does these data mean? You have 7 percent growth but growth is not being driven by higher prices. You have high growth, low inflation which means the economy is very productive and demand driven. What is even more remarkable is that it's a domestic economic growth that is not driven by external trade and hot money investment," said Vistan.

Overnight, the Dow Jones Industrial Average climbed 39.55 points or 0.30 percent to 13,074.04 on optimism that a fiscal cliff, or $600 billion in tax increases and spending cuts that are set to begin in January, will be prevented.

Actively traded stocks were PLDT, Ayala Land, SPC Power, Ayala Corp and SM Prime.

Top gainers were Manchester International, Mariwasa Siam and F&J Prince, while the biggest losers were Imperial Resources, Lorenzo Shipping and Imperial Resources.

http://www.interaksyon.com/business/...elow-5800-mark

[leofriends]

PSEi climbs to fresh record just below 5,800-mark

By: Krista Angela M. Montealegre, InterAksyon.com
December 7, 2012 3:45 PM

MANILA - Philippine share prices on Friday extended their uptrend to bring the benchmark index just a few points below the 5,800 level on the back of the bullish prospects for the local economy.

At the Philippine Stock Exchange, the benchmark index rose 30.56 points or 0.53 percent to close at a fresh all-time high of 5,794.20, eclipsing its previous high of 5,763.64 on Thursday.

This marked the ninth time in 10 sessions that the PSEi finished at an all-time high and the 36th time it has rewritten records this year. Leading the market's ascent was the mining and oil counter, which rallied 0.93 percent.

A total of 4.08 billion stocks worth P8.67 billion changed hands. Despite another record finish, market breadth was negative as decliners outnumbered advancers, 89 to 74, while 47 issues were unchanged.

"The market is trying to make a run for 5,800, but one thing I noticed, similar to what happened last week when we reached a new high, market breadth seems not to be in sync with the record high of the index. There's some profit-taking already as we make new record highs. Some traders were uncomfortable with the high valuation," said Jose Vistan of AB Capital Securities Inc.

Recent favorable economic data continue to heighten risk appetite among investors despite the market's high valuations. The government last week reported that the Philippine economy posted a surprise 7.1 percent growth in gross domestic product, the fastest in Asean and the second-best in Asia next to China.

The National Statistics Office last Wednesday said inflation eased to a five-month low of 2.8 percent in November from 3.1 percent in the previous month. This brought the 11-month headline inflation average to 3.1 percent or at the low end of the Bangko Sentral ng Pilipinas’ full-year target range of 3-5 percent.

"What does these data mean? You have 7 percent growth but growth is not being driven by higher prices. You have high growth, low inflation which means the economy is very productive and demand driven. What is even more remarkable is that it's a domestic economic growth that is not driven by external trade and hot money investment," said Vistan.

Overnight, the Dow Jones Industrial Average climbed 39.55 points or 0.30 percent to 13,074.04 on optimism that a fiscal cliff, or $600 billion in tax increases and spending cuts that are set to begin in January, will be prevented.

Actively traded stocks were PLDT, Ayala Land, SPC Power, Ayala Corp and SM Prime.

Top gainers were Manchester International, Mariwasa Siam and F&J Prince, while the biggest losers were Imperial Resources, Lorenzo Shipping and Imperial Resources.

http://www.interaksyon.com/business/...elow-5800-mark

[calaguyo]

dp, i want to be the page starter again hahaha!

[leofriends]

IMF hikes 2012 PH growth outlook

PhilstarPhilstar – 19 hours ago

MANILA, Philippines - Philippine economic growth could reach “about six percent” this year, the International Monetary Fund (IMF) said yesterday, with the public and private sectors optimistic the momentum will continue in 2013.

“We have not revised it yet but probably about six percent for the whole year,” IMF resident representative Shanaka Jayanath Peiris said in an economic forum in Makati.

The latest outlook was up from IMF managing director Christine Lagarde’s forecast of “in excess of five percent” announced last month when she visited Manila. It was also stronger than the original 4.8 percent contained in the agency’s World Economic Outlook (WEO) last October.

http://ph.news.yahoo.com/imf-officia...171638346.html

[fieldsofdreams]

With such news, it looks like one of the very few economic winners in terms of countries this year would be the Philippines because of its resilience despite the looming crises in Europe and the United States, yet, I believe that for it to continue, the country should find its happy medium, a figure wherein the country can still grow its GDP at a modest and sustainable level without letting go of its momentum. Perhaps an increase in infrastructure spending will definitely help boost the country's internal trade further by shipping goods more quickly and efficiently.

[calaguyo]

The stocks slow down today for some profit collection.

Closes at 5,757.54, down by 36.66 points.