philippine stock market during aquino admin - 3rd record high reached as of Jan 2012

[sargo]

this is the latest new record high reached, the 3rd time so far in january 2012




Philippine stocks soar to new high on trading of PLDT shares

MANILA, Philippines—The main local stock market index soared to a new all-time high on Wednesday as investors gobbled up shares of selected large-cap companies led by telecom giant Philippine Long Distance Telephone Co.

The main-share Philippine Stock Exchange index surged by 34.86 points, or 0.75 percent, to finish at 4,677.62. This edged out the local stock market barometer’s previous peak of 4,648.11 posted Thursday last week.

Ramon Garcia, president of RTG & Co., said the upswing was due to “good bottom lines for issues plus positive trends in US and European economies.”

Garcia said he had been expecting the market to reach new heights in December 2011. “I look forward for the index to go higher,” he said.

“The litany of good news continues to be savored by investors. Positive economic data overseas and renewed domestic confidence contributed to the optimism of market participants,” said Astro del Castillo, managing director at First Grade Holdings.

The day’s upswing was led by the services counter, which surged by 1.8 percent on the back of PLDT’s strong gains.

“The market reached a new high today but the legs of today’s rally were running mostly on one stock – PLDT. Unfortunately, the valuations of PLDT already appear to be toppish so any market gains driven by the stock over the course of the week will be mostly due to momentum. If the rally is to be sustained, other blue chips will have to chip in,” said Jose Mari Lacson, head of research at Campos Lanuza & Co.

PLDT rallied by 2.8 percent to close at P2,826 per share. The telco is now close to the 52-week high of P2,860 hit last week. PLDT has a 16.6 percent weight on the PSEi, the heaviest among local blue chips.

The telco has become very interesting especially for foreign investors recently on the back of an attractive dividend yield play amid a low interest-rate environment.

Value turnover amounted to P6.78 billion. Despite the overall index gain the 61 advancers were outnumbered by 107 decliners, indicating selective rather than broad-based buying.

Holding firms and property issues also helped perk up the market.
Apart from PLDT, AGI, JG Summit, SMIC, ALI, RLC, Globe and AP supported the PSEi’s rise to new heights. NiHao and Security Bank were also up in heavy trade.

The financial, industrial and mining/oil counters ended in negative territory.

The share price decline of SMC, EDC, ICTSI and Philex trimmed the rise of the main index.

The day’s most actively traded company was Petron, whose shares fell by nearly 15 percent to P11.32 per share on news of a discounted sale of a substantial block held by the company’s retirement fund.

Shares of Lepanto A (open only to local investors) and B (open to all) also faltered on profit-taking.

Meanwhile, the day’s upswing was supported by a benign global financial environment. Wall Street reopened in a positive mood on Tuesday after a long weekend on news that debt auctions by Spain, Greece and Europe’s bailout fund proceeded smoothly despite recent credit rating downgrades. Investors also took heart from indications of a soft landing for China, which reported a better-than-expected economic growth of 8.9 percent in the fourth quarter.

[sargo]

first time the PHL stock market reached a new all time high on january 10, 2012 - phisix at 4,561


phippine stocks at new record high 4,561 - jan 10 2012

Philippines stock index hits new record high
By: Doris C. Dumlao
Philippine Daily Inquirer
5:16 pm | Tuesday, January 10th, 2012


MANILA, Philippines—The local stock index broke to a new record high on Tuesday as yield-seeking investors loaded up on blue chips in anticipation of good prospects for corporate earnings in a low-interest rate environment this 2012.

The main-share Philippine Stock Exchange index gained 19.48 points, or 0.43 percent, to close at a new record high of 4,561.08. This exceeded the previous record close of 4,550 posted on Aug. 1, 2011.

Tuesday’s upswing was led by the property counter, which surged by 1.17 percent.

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2nd time in 2012 that the stock market reached a new all time high on january 11, 2012 - phisix at 4,645

Philippine market posts new record high
By: Doris C. Dumlao

MANILA, Philippines—Most local stocks rallied on Wednesday, lifting the main index to a new record high beyond 4,600, as investors snapped up shares of blue chips led by index heavyweight PLDT and large-cap property firms.

The main-share Philippine Stock Exchange index gained 84.78 points, or 1.86 percent, to finish at 4,645.86 as all counters gained ground. The local stock barometer has surged to a new all-time high for the second straight session.

“The Philippine market is being re-rated by investors. Foreign funds are buying all the large caps,” said fund manager Paul Joseph Garcia, senior vice president at Bank of the Philippine Islands.
Garcia said the main index might breach 5,000 or even hit 5,500 at the best-case scenario within 2012.

“The market is at an all-time high but a lot of large caps are still way below their all-time high levels. That’s why the market has way to go,” Garcia said.

The upswing was led by the property and services counters, which both jumped by over 3 percent, and benefited from prospects of a low interest-rate regime in the country this 2012.

[sargo]

new record high index reaches in 2012, aquino admin

january 10 - 4,561
january 11 - 4,645
january 18 - 4,677

the analysts are saying given the country's economic growth prospects of the country, hitting 5,000 this year is very possible with an upside of 5,500.

from today's index to 5,000 that is a +7% increase if you buy now and wait to sell by the end of the year. that is nothing compared to the 0.5% to 1% interest rate we get out of our savings accounts.

[sargo]

the philippine stock market reached another record high at closing today (jan 20). today is the 5th time the stock market has reached an all time high in 2012 alone.

all time high broken on 2012

1. january 10 - 4,561
2. january 11 - 4,645
3. january 18 - 4,677
4. january 19 - 4,700
5. january 20 - 4,747

this is NOT yet the impact of the interest rate cut, the stock market can still go up.

for today, january 20, 2012:

PSEi surges to new high
Philippine Daily Inquirer
8:41 pm | Friday, January 20th, 2012
0shareNew 1

The local stock market sprang to unprecedented heights for a third straight day Friday, powered largely by strong investor interest in index heavyweight Philippine Long Distance Telephone Co.

The main-share Philippine Stock Exchange index surged 1 percent or 47.53 points to close at a new all-time high at 4,747.90, which was likewise the day’s peak. The local stock barometer thus gained a total of 134.07 points or 2.9 percent this week as strong foreign fund inflows offset profit-taking by local investors.

All counters trekked higher, led by property, financial and mining/oil counters, which surged 2.3 percent, 1 percent and 1.27 percent, respectively. Property and banking stocks benefited from a much-awaited 25-percent key interest rate reduction by the Bangko Sentral ng Pilipinas on Thursday.

PLDT contributed the most to the PSEi’s rise as the telecom giant finished at a 52-week high of P2,868 a share, up 0.63 percent. The telco, which has the single-biggest weight of 16.6 percent on the PSEi, is the country’s most valuable company with a market cap of P611 billion based on Friday’s close.

Based on PSE documents, PLDT hit an all-time high of P3,285 on Oct. 8, 2007. Adjusted for the dilutive impact of a share-swap deal to take over Digitel, PLDT’s peak is estimated at about P2,963 a share. The telco, which has been attracting strong investor interest due to its dividend yield track record, announced late Thursday the completion of a tender offer to Digitel’s minority shareholders resulting in its ownership of 98 percent of Digitel’s enlarged capital.

“The PSE index record highs are an expression of continued investor confidence in the Aquino administration. Further boosting the capital market is shares gain in Asian markets primed obviously by good news that Europe and US economies stayed on recovery track,” PSE chair Jose Pardo said in a text message.
Pardo said he had predicted as early as December that the PSEi would breach the 4,700 level this January.

The PSE chair added he was happy that the extension of trading hours into the afternoon had been executed this year despite initial opposition from some trading participants.

Value turnover yesterday was high at P7.45 billion. There were 108 advancers that overwhelmed 58 decliners while 43 stocks were unchanged. Doris C. Dumlao

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for yesterday january 19m 2012:

Philippine stock index shoots to new high
By: Doris C. Dumlao
Philippine Daily Inquirer
6:36 pm | Thursday, January 19th, 2012


MANILA, Philippines—The local stock index skyrocketed to a new record high on Thursday, breaching the 4,700 level on the back of yield-seeking foreign funds, which have now placed the Philippines on their radar screen.

The main-share Philippine Stock Exchange index surged by another 22.75 points, or 0.49 percent, to finish at 4,700.37. The finish was a bit lower than the intra-day high but managed to close at a new all-time high for the second day in a row.

“The interest in the Philippines has been extraordinary at the moment,” said HSBC Philippines president Tony Cripps when asked whether it was becoming scary to invest in a high-flying equities market.

[sargo]

note : you only need P25T (cost of a brand new cellphone) to start investing at the stock market through BPI Trade or Citiseconline. entering the market that is on a bull run is a smart idea.

[nasho]

note : you only need P25T (cost of a brand new cellphone) to start investing at the stock market through BPI Trade or Citiseconline. entering the market that is on a bull run is a smart idea.

Entering the market while it is depressed is a better one Halimbawa, kung pumasok ka nung 2009. In my case nakapasok ako through mutual funds and uitfs that year, so I'm also enjoying this run. I'm really not sure what's causing it as I don't really have confidence in the current government. Investor's optimism on Pnoy's future programs like the PPP, with the word "future" being the operative word perhaps? Or the investors are seeing that he is now trying to make an effort to improve his performance? Or the relatively better condition of the Philippine economy compared to the other parts of the world? Or perhaps our business sector is doing really well regardless of the Philippine's political state?

Ewan ko talaga, hehehe. I have no plans of redeeming my funds for like, 10 years or so, so ang hinihingi ko lang ke Pnoy eh no matter how incompetent he is, don't rock the boat too much para hindi pumunta to near zero ang value ng mutual funds and uitfs ko and meron akong pang-retirement funds.

[sargo]

entering a market while bearish is high risk and ill advised. a bear market means the trajectory is downwards and you dont know when the down trend will stop. you dont know where the bottom is or if you entered when the bottom has been reached.

its a totally different story when you enter during a bull run. in a bull run, the only question you need to answer is at what profit level do you get out.

[paenggoy]

Apparently, the main driver is increasing number of young people needed for work elsewhere:

"The ‘dark horse’ of Asia"

http://business.inquirer.net/36821/t...%80%99-of-asia

which has been taking place even before the current administration, and mostly involving the efforts of the populace and not the government.

Meanwhile,

"Hot money hurries out China's door"

http://www.theaustralian.com.au/busi...-1226245519402

and, earlier,

"'Hot money' inflow breaches $4 B in 2011"

http://www.philstar.com/Article.aspx...bCategoryId=66

which is contributing to inflation, which in turn leads to a higher cost of living for citizens in general.

BTW, this is the same China which, according to one article, has been shielding the PH economy from the global crisis, and is now experiencing its own set of problems:

http://www.pinoyexchange.com/forums/...d.php?t=508024

In general, then, we're looking at various asset bubbles that are at risk, similar to what happened before 2008.

[sargo]

^ another doom & gloom armageddon scenario coming soon. lol

in the meantime, the phil stock market has reached an all time high 5 times this year alone and analysts are saying there is still room for growth as many counters are still undervalued.

the aquino admin is doing the right things in stimulating the economy.

[nasho]

entering a market while bearish is high risk and ill advised. a bear market means the trajectory is downwards and you dont know when the down trend will stop. you dont know where the bottom is or if you entered when the bottom has been reached.

its a totally different story when you enter during a bull run. in a bull run, the only question you need to answer is at what profit level do you get out.

Only it is a matter of opinion whether you consider if what's happening right now is a bull run Global stocks are not in bull run yet, so bat sa tingin mo nasa bull run tayo? Of course you will give reasons involving Pnoy's governance but it's still just an opinion.

Also, I said depressed not bearish. In a bear market when the trajectory is downwards, entering it is what you call "catching a falling knife". Im sure na-encounter mo na yang phrase na yan. When I say depressed I'm actually trying to say the bottom, which no one knows naman talaga and subject to someone's opinion lang. Ako based on my limited knowledge of stocks, I took a chance in entering around 2009 and I got rewarded as opposed to if I will enter it now like you suggested.

Tama ka, you don't know when the downtrend will stop. Pero in the same argument, puede ko ring sabihing you don't know when the uptrend will stop in a bullish run. Bottomline, mas better kung nasa bottom ka mag-I-dont-know kesa sa top. Mas masakit sa top eh dahil usually mas faster ang pagbulusok ng stocks pababa. Like several months of gains can be eroded in a month's time. I've seen that happen based on charts of different indexes like the S&P.

[paenggoy]

[QUOTE=sargo;60774130]^ another doom & gloom armageddon scenario coming soon. lol[quote]

Ironically, from the same sources that you are using.

in the meantime, the phil stock market has reached an all time high 5 times this year alone and analysts are saying there is still room for growth as many counters are still undervalued.

Why not, given what's happening to gold, infusion of credit to keep China afloat, etc? Also, this is what happened to the U.S. before the 2008 crash. After that, they started engaging in HFTs but unemployment remains high, there are still problems with the PMI and the BDI, and significant numbers of homes are still underwater.

China fears the same, as seen in its manufacturing slowdown and problems with real estate, so it's following the U.S. and pumping in more credit into the system.

But what caused the 2008 crash was precisely that: too much credit in the system.

the aquino admin is doing the right things in stimulating the economy.

It's doing the only thing that previous administrations and other governments can do: pump more credit into the system. Obviously, that will increase financial speculation, but it also contributes to inflation. And when there's too much money in the system, then you see various asset bubbles, as seen in the U.S. and now China, as well as more speculation in commodities, esp. oil, which may add to inflation further.

[rexsolar]

Funny though that these "market gains" don't reflect with the present reality of increasing prices of consumer goods

[_Kitty_]

Hindi kaya unawain ng gutom na sikmura ng mamamayan ang mga figures na yan.

Karamihan sa mga propesyunal ay wala ring investments sa stocks. Panay ang kape sa starbucks, ni hindi naisip maglagay sa stocks para may bumalik sa kanya liban sa planner.

[mellowscream1]

PSEi seen testing new highs

http://business.inquirer.net/40997/p...ting-new-highs

[sargo]

market closed 4,715 after some correction. the climb in thee past days have been in small increases which is an dieal situation.

looks like the market is poised to break a new record high soon if not tomorrow.



all time high broken on 2012

1. january 10 - 4,561
2. january 11 - 4,645
3. january 18 - 4,677
4. january 19 - 4,700
5. january 20 - 4,747

[sargo]

good time to enter the market for first timers. you just need P25T to open an account with BPI Trade or Citiseconline.

[Clinton69]

Does PSEi mercantile exchange or commodities track peanut? peanut is brain food specially for those lacking some... u know what.

[sargo]

a good site for stock investors, specially first timers --> http://www.financemanila.net/forum/

[sargo]

all time high broken on 2012

1. january 10 - 4,561
2. january 11 - 4,645
3. january 18 - 4,677
4. january 19 - 4,700
5. january 20 - 4,747

just a few minutes ago, the phisix touched a new historic high at 4,752. let's see if it closes at this new historic high.

[sargo]

bullish run is holding. looks like the market will close at a new historic high, the 6th in 2012.