• Near Term Catalyst For The PSEi

    Near Term Catalyst For The PSEi

    Much has been said already about how the government’s tax reform package will drive the local stock market higher even past its 8,100 peak. For the mean time, the index has been stuck within a tight range with a support at 7,123 and a resistance at 7,400 while the said tax reform is currently being

  • PSEi Seen to Recover In 2017 Despite Headwinds

    PSEi Seen to Recover In 2017 Despite Headwinds

    PSEi write-up from the Trading Edge Equity Advisor: December 29, 2016 It was literally a roller coaster ride for the local market over the past couple of years. After reaching an all-time high of 8,136.97 in 2015, the index had since slid back to 6,952.08, effectively erasing all of its gains for that year and more.

  • 2014 Outlook On The PSEi

    2014 Outlook On The PSEi

    The Philippine Stock Exchange Index or the PSEi suffered a major blow last year after marking a record high of just 7,400. As you can see, the index effectively erased majority of its gains to end 2013 with only a marginal gain of 1.3% after initially rising by 28%. Despite last year’s roller coaster ride

  • PSEi Likely To Fall To 5,800

    PSEi Likely To Fall To 5,800

    The Philippine Stock Exchange Index (PSEi) may soon head to its downside target of 5,800 given its breakdown from a head and shoulders pattern (kilroy) last week. An oversold reading in its RSI, however, may lead to a short rally soon although such reading may not be as effective on an intermediate downtrend. In any

  • Jump in PSEi Weight Caused SMPH to Surge

    Jump in PSEi Weight Caused SMPH to Surge

    Shares of SM Prime Holdings, Inc. (SMPH) spiked by 15.86% to close at Php19.58 from Php16.90 as its weight on the Philippine Stock Exchange Index or the PSEi was revised upwards to 5.3% from 3.2%. SMPH’s announcement regarding the decrease in its public float to 26.50% from 30.49% and the increase in its authorized capital

  • Overnight Market Snapshot – October 17, 2013

    Overnight Market Snapshot – October 17, 2013

    The US equities markets (DJIA +1.36%, S&P 500 +1.38%, Nasdaq +1.20) rallied sharply last night on news that the Senate has already crafted a deal to end the US government shutdown and raise the country’s debt ceiling. Philippine-related shares like the EPHE (+0.86%) and PHI (+0.17%) were also positive. Risk-on mode from last night may

  • Overnight Market Snapshot – October 11, 2013

    Overnight Market Snapshot – October 11, 2013

    The overnight markets surged on news that the US is closer to a deal in raising their debt limit. Risk-on mode led the equities markets (DJIA +2.18%, S&P 500 + 2.18%, Nasdaq +2.26%) to rise. Emerging market shares like the iShares MSCI Philippines Index ETF (EPHE +4.42%) and the Philippine Long Distance Company ADRs (PHI

  • Philippines’ Credit Rating Upgraded To “Investment Grade” By Moody’s

    Philippines’ Credit Rating Upgraded To “Investment Grade” By Moody’s

    BREAKING: Philippines raised to investment grade by Moody’s. Moody’s upgraded the Philippines credit rating by a notch to “Baa3” from “Ba1.” In a statement, Moody’s said it raised the rating on the following factors: sustainability of the Philippines’ robust economic growth ongoing fiscal and debt consolidation political stability and improved governance The Philippines now has

  • Get to Know the Philippine Stock Market

    Get to Know the Philippine Stock Market

    Investing in the Philippine stock market has been one of the superstars in the business world in the past few years because of its high returns and low starting capital. However, it is not ideal to venture in this kind of business without knowledge of its nature because the chance of getting income returns is

  • Overnight Market Snapshot – September 19, 2013

    Overnight Market Snapshot – September 19, 2013

    BREAKING. The US equities markets (DJIA + 0.95%, S&P 500 +1.22%, Nasdaq +1.01%) along with emerging market shares like the iShares MSCI Philippines Index ETF (EPHE +7.20%) and Philippine Long Distance Company ADRs (PHI +3.74%) jumped as the US Fed surprises with no taper. Risk-on attitude will likely spill over in today’s trading in the