Category: Philippine stocks

PSE Index Lower on Start of the Week

Posted by AiDz – March 26, 2012

The PSE Index – 26 March 2012

The PSE Index closed lower today at 5,029.63, losing 12.81 points. Market breadth was negative with losers taking over gainers, 94 to 71; while 46 issues unchanged.

Top gainers were SFI +15.79%, FED +15.16%, EURO +12.36%, CAT +8.75%, SFIP +8.41%. While PLDT +2.62% and URC +1.67% were the biggest index gainers.

Looking at the PSEi (weekly) Ichimoku chart, the market is still bullish. However, the kumo (cloud) from April to May is getting thinner, which could mean weaker support in the near term. The good news is that the slope of the kumo is going up building thicker support lines. I’m expecting a support at the tenkan-sen, (blue line), at 4,878 and a resistance at the top of Chikou Span (green line) at 5,155.

PSEi Index - 26 March 2012

What’s up with CHI?

I’m just curious on the volume of Cebu Holdings, Inc (CHI) for the past weeks as foreign brokers doing large block cross trades on this stock.

CLSA made a cross trades of 48M shares at P5.11/share on March 9; Deutsche did 20M cross at 6/share on March 23, and today UBS crossed 6.81M shares at P7.57/share, while Macquarie bought 2.89M shares at P6.74 average without selling.

2012Mar-Cebu Holdings Inc

I also noticed, from the weekly chart above, that starting January this year, this stock has been pumped up to more than +147%. And I thought that 7/share from 2.8 is already high?! Surprised smile

For the record, i don’t own this stock… yet. Winking smile

Quote of the Day

3816755-desperately-traders-looking-big-stock-monitor

“No matter how experienced a trader is, the possibility of his making losing plays is always present because speculation cannot be made 100 per cent safe. Wall Street professionals know that acting on “inside” tips will break a man more quickly than famine, pestilence, crop failures, political readjustments or what might be called normal accidents.” –Jesse Livermore

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PSEi, new high at 5,050.99; ORE

Posted by AiDz – March 15, 2012

The PSE Index, 14 March 2012

The Philippine Stock Exchange index, PSEi, broke another record, as it closed at 5,050.99, (+45.24/0.90%) as US stocks rose overnight. Index gainers are Ayala Land Inc, ALI (P21.50 +4.12%) and Universal Robina, URC (P62.90 +5.45%). Market breadth was positive with 103 gainers taking over 78 losers; while 30 issues unchanged.

With the Index breaking new highs everyday, I think it would be logical to hold your stocks and let the bull run continue. Based from the chart below, our uptrend started last year, Dec 2011, when the tenkan-sen did a bullish crossover with kijun-sen. It seems like this run will continue for the rest of the year. I’m anticipating a higher index if the Philippines will be upgraded to an investment grade by Fitch Ratings S&P and Moody’s, this year… hopefully.

2012Mar14-PSEi

The next target is at 5,100, then 5,200, support is pegged at 4,980-4,900. 
 

ORE or Nothing

Oriental Peninsula Resources Group (ORE) has closed on its all time high at P7.16. Though it formed a shooting star pattern, which is a bearish pattern, not good. On the side note, since ORE and NI are tandem stocks, ORE should trail NI’s price pattern, in my opinion. Nihao Mineral Resources, NI, is now at P11/share, do you think ORE will reach this level? You’ll have to wait and see. :P

2012Mar-ORE

QOTD

“The average man doesn’t wish to be told that it is a bull or a bear market. What he desires is to be told specifically which particular stock to buy or sell. He wants to get something for nothing. He does not wish to work. He doesn’t even wish to have to think.” -Jesse Livermore

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PSE index up by 59.35; SCC

Posted by AiDz – March 12, 2012

The PSE Index, 9 March 2012

Asian stocks, including Philippine stocks are expected to gain today as US stocks rose on Friday, March 9, 2012. The Dow Jones Industrial Index, DJIA, added 14.08 points/0.11% to close at 12,922.02 while the Nasdaq and S&P 500 closed at 2,988.34 (+17.92/+0.60%) and 1,370.87 (+4.96/+0.36%) respectively.

The Philippine Stock Exchange Index, PSEi, closed higher on Friday at 4,980.71 (+59.35/+1.21%). Market breadth was positive with 93 gainers vs. 73 losers; while 36 issues unchanged. I’m expecting the index to move back up to 5,000 level this week after a small correction it made last week, the uptrend is still in tact.

PSE index – daily chart

2012Mar9-PSEi 

 

Semirara Mining Corp, SCC

Semirara Mining Corp, SCC, the largest producer of coal in the Philippines, helped the index to close higher as it closed +2.18% or PhP 234/share, its 30-day high. Forecasts from Financial Times indicates that its target price for the next 12 months is PhP 259.30/share to P303.49/share.  Chartwise, SCC is poised to break its all time high at 240.40 if momentum continues.

SCC’s weekly chart

2012Mar-SCC

Company’s Profile:

Semirara Mining Corporation is a Philippines-based company engaged in exploring, developing, and mining coal resources in Semirara Island. The Company is a subsidiary of DMCI Holdings, Inc. The Company generates its revenues through the production of sub-bituminous coal. Over the years the company diversified its coal market. In 2010, volume sold to export market accounted for 57% of the total coal sales, the power generation sector 24%, cement and other industries at 19%. Year on year, market share varies depending on the demand from each of the major market sector. In 2010, the Company contributed 6.95 million metric tons (MT) to the country’s coal production. The company had a contract with National Power Corporation (NPC) for its power plants in Calaca, Batangas but it was terminated after the Company’s wholly-owned subsidiary, SEM-Calaca Power Corporation acquired ownership over the Calaca Plants.

 

Non Index Stocks

Watch out for Property stocks, BHI, EVER, SLI, and CPG. On the other hand GREEN, MAKE, and AMC also were top gainers on Friday, I don’t have any news on these stocks but they “might continue” their rise today.  

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