Another red day as US market continue with its losing streak. Why was last Friday a green? Wrong timing for Philippine Stock Market. 9:30 ELI gaps up at the opening. 9:33 ELI going strong. Its now 0.92 9:37 Sold my PXP for now 9:44 ELI is struggling to [...]
Trend for PGOLD is still upside. Without any prior candle that will tell otherwise plust 30-day SMA is hovering above 60-day SMA. Also the price today moves away from 30-day SMA which is a sign of uptrend
Kings was unloading a lot after this Empire fly high. Two good news. The old one being the 1:1 SRO and the other one is the JV with Okada Group. What I have seen on its chart today is a breakout with a very good volume. It tried to stay at 0.9 level but there [...]
Another false breakout by CPG when last Friday it broke from the triangle but the rally wasn’t sustained. We should have seen better volume to support previous day’s rally but that didn’t happen. Lets wait for another Century!
MANILA, Philippines – Following the failure of the Association of Southeast Asian Nations (ASEAN) to issue a common statement regarding China’s activities in the West Philippine Sea (South China Sea), foreign and Filipino experts believe that the Philippines may not be able to get the help it expects from its neighbors to resolve the dispute. [...]
# Stock Code Last Change %Change Value 1 MMI 3.4300 0.5200 17.87% 26,340 2 ELI 0.8900 0.0900 11.25% 220,241,950 3 PRMX 3.6600 0.3600 10.91% 1,476,490 4 UNI 0.2800 0.0200 7.69% 43,100 5 SFI 0.1550 0.0100 6.90% 5,847,080 6 UPM 0.0190 0.0010 5.56% 5,700 7 SUN 0.5700 0.0300 5.56% 198,450 8 MJC 2.4400 0.1200 5.17% 4,681,470 [...]
Empire East Land Holdings Inc. (ELI) has signed a joint venture agreement with Okada Group, Tiger Resort Leisure and Entertainment Inc. and Eagle 1 Landholdings Inc. to take the lead with a majority stake in the development of a 12.95-hectare luxury residential resort condominium project in Entertainment City Manila. The high-end project will comprise more [...]
I hope everyone is still bullish after US market shoot up last week. 9:30 Strong open for PGOLD and ABG 9:37 ABA is going down. 4% down so far 9:42 LMG up by 5% There is a disclosure that ELI has a JV. So far price is [...]
For few weeks CPG has been consolidating at 1.4 price range even with so many good news. Even the visit of the son of Trump did not excite our traders. But somehow last Friday we saw a spike from its usual price. There were 2 occurences (if I am right) during consolidation that its price [...]
There was no confirmation of reversal last Friday after the doji candlestick but we haven’t seen as much dip also. In fact during the day, it tried to stay afloat the 23.6% level of Fibo retracement. But I am still bullish on this stock. What I think happen for the past 2 trading days is [...]
Revenues decline by 1.3% in the 1H12. According to NIKL, revenues in the 1H12 declined by 1.3% to Php5.05Bil, representing 45.2% of COL estimates. While total ore sold increased by 19% to 5.02Mil WMT, average selling price to Japan fell to US$8.60/lb as opposed to US$11.48/lb last year. Prices to China increased to US$25.87/WMT compared [...]
Completes Php6.5Bil equity placement. PGOLD’s top shareholder, Lucio Co, sold 250Mil common shares at Php26.0/sh for a total of Php6.5Bil. This was an 8.5% discount from the previous day’s close of Php28.4/sh, and 9.0% of total outstanding shares. The transaction will boost the public free float from 23% to 32% in line with the public [...]
RLC offers to run Tiger Resorts project. John Gokongwei Jr. is reportedly in talks to join Okada’s Tiger Resorts project in Entertainment City. Sources in the stock market said RLC has offered to run the gaming and retail operations of the US$2-Bil project. RLC would be joined by Megaworld, which would handle the land development [...]
FAMI SALEF is down following the bearish sentiments of the Philippine market this week. But before the US weekend, we see a bulls running the show. Will the US sentiment cascade to ours? Let us see on Monday.
Manila, Philippines – Puregold Price Club Inc. , the country’s second largest grocery retailer, raised P6.5 billion from an overnight placement of shares, resulting in the increase of its public float to 32 percent. In a disclosure to the Philippine Stock Exchange, Puregold said it completed a secondary offering of 250 million common shares owned by the family [...]
It would have been a good day if its Monday today as the DOW and other markets are posing a good rebound. This will fuel the sentiment of PSE traders to be more bullish. NEW YORK (MarketWatch) — U.S. stocks rose sharply Friday, lifting the Dow industrials [...]
# Stock Code Last Change %Change Value 1 ABA 0.9600 0.2400 33.33% 126,827,360 2 SFI 0.1450 0.0200 16.00% 1,823,410 3 MIHB 3.1000 0.3500 12.73% 957,820 4 FJP 2.9500 0.3000 11.32% 106,600 5 LMG 2.0200 0.2000 10.99% 5,389,930 6 ISM 3.0000 0.2600 9.49% 14,880 7 RFM 3.6000 0.3000 9.09% 23,546,390 8 OM 0.7600 0.0600 8.57% 37,350 [...]
What is the effect, if there is, of this day to trading? What I like to see today is the effect of the Doji of PGOLD and hammer of LC. Will there be a rebound? Confirmations for these two stocks are need to know that indeed trend has been reversed. 9:30 Opening is not something [...]
Still consolidating and it seems to me this might bottom at 18.5 As of this time it has a big probability to go to that level basing on the movement depicted from the chart. Caveat as always.
Watch out for CALATA. How long will it consolidate? Nieves lay low today but price did not went that low and price is unchanged at the closing.