The PSE index – July 27,2011
The Philippine Stock Exchange Index, PSEi, gained 17.02 points after 3 days of almost flat trading to close at 4,482.89 points.
Market breadth was positive since advancer stocks led decliners, 72 vs. 70, while 44 stocks were unchanged.
Philippine Property Sector
Almost all property stocks this morning went up, according to Bloomberg.
“Most property stocks rose on speculation that the introduction of Real-Estate Investment Trust, REIT, will boost property valuations.”
From the Property table of Citisec; SLI also surged to 5.56%, MEG went up by 4.2%, FLI up 4%, BRN up by 3.79%, GERI by 3.79%, ELI by 3.7%, SMPH gained 1.1% and RLC up a bit by 0.46%.
A property sector review published by CitisecOnline this morning, July 27, 2011, reiterated a “buy” rating on property stocks.
Here’s a snapshot of their Property Sector Valuation table.
Please take note that these are only estimates, as a matter of fact all valuations are estimates so don’t over patronize stock valuations.
In my point of view, it’s high time for the Philippine Property Sector to emerge after months of consolidation while the Mining and Oil sector continues to gain popularity. We don’t know yet what’s the real impact of REIT on property companies if this will help boost their earnings or cost them to pay hefty taxes which include 12% VAT on transfer of assets.
For long term investors, you can add property stocks on your portfolio to include on your existing mining company shares. For traders like me, I’ll just pick on fast moving stocks, no matter what sector they belong to. 
Good luck Pinoy traders!
