Breakthrough Philippine Stock Market PSEi tops 8,900 New All-Time High

Image credits: inquirer.net

Published January 9, 2018 5:20pm by GMA News, Jon Viktor D. Cabuenas, “Philippine shares breached the 8,900 level on the PSEi to carve a new all-time high on Tuesday, riding on positive sentiment from overseas markets.”

A breakthrough for the Philippine market to reach all time high of 8,900 PSEi as of Tuesday, January 9, 2018. From 8,770 last Friday, January 5, 2018 an increase of 178.60 points, the highest so far.

Optimism in the Philippine stock market remains and so with the neighboring countries of Asia and the US and Europe, according to the senior analyst of Philstocks Financial, Inc., Justino Calaycay Jr..

Calaycay further noted that this is a continuation of the momentum that started early this year. Passage of the Tax Reform for Acceleration and Inclusion (TRAIN) law, creates a lot of optimism in the market. This is a big part, causing high hope for the infrastructure to realize and fuel further growth.

Even President Harry Liu of Summit Securities, said that optimism remains in the Philippine stock market. Seen to be more positive than negative.


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PSEi Continues to Zoom Record High

The Philippine stock barometer continued to soar to record highs. The first trading week of 2018, though short, it made the Philippine stock barometer to zoom up a total of 211.58 points or around 2.5 percent.

It is now on it's 8th day of winning streak. The Philippine Stock Exchange index (PSEi) added 30.17 points or 0.35 percent to a new record finish of 8,770. 

According to  Doris Dumlao-Abadilla, business inquirer reporter, "The PSEi was led higher by URC, which rose by 5.06 percent, while GT Capital and San Miguel Corp. both added over 3 percent. Ayala Corp., Ayala Land and JG Summit all advanced by over 2 percent while DMCI added 1.94 percent. BPI, Megaworld and Meralco also contributed modest gains."

Read the full report at Philippine Daily Inquirer.

Ride on with care as the market will eventually self correct.

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Philippines Stocks Fresh Record High, PSEi 8,700

Philippine Stock Exchange index (PSEi) new all time high reach 8,724.13 on Wednesday, January 3, 2018.

The managing director of First Grade Finance, Inc., Astro C. Del Castillo explained it well when he said, “There was strong momentum buying from last year. Investors are positioning themselves for another good year due to the tax reform program, strong economy and infrastructure projects taking off."

Philippine stocks rose on the gains in Asian shares, keeping afloat by the technology companies that that raised US stocks to record highs.

The Dow Jones went up as well as S&P 500 and Nasdaq.

Del Castillo further said, "The market will eventually correct — that’s the art of supply and demand."

You can read the full story at MSN.com

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Buy Now or Sell Now, Asia Pacific Head of Portfolio Advisory

Bloomberg TV Philippines throws a good question to the Head of Portfolio Advisory for Asia Pacific. It's a good learning, a lesson despite the political noise.

"Generally speaking, in the last 12 months some really good buying opportunities."

But how do you cut through the political noise?

Answered Peter Ryan-Kane, Head of Portfolio Advisory for Asia Pacific.

To some extent, I think it's a question of time horizon. I mean, politics has always created volatility. I suppose it's always created some uncertainty. Anybody who says this future period is certain, hasn't lived through other periods. So, whether it's Trump, whether it's Duterte, theses are natural parts of people making democratic choices about how they are represented.

The underlying economic pulse of a country, is not determined by its leadership.

The underlying economic policy of any country is determined by its trade relationships, by its competitive advantages. They are long-term. So, a country that has a natural competitive advantage will survive regardless of its leadership.

How to consider these politically uncertain times?

Is it a buying opportunity or is it time to take profit?

I think generally speaking, in the last 12 months some really good buying opportunities.

So, the market's come off quite a bit. The underlying companies are still doing quite well. So, it's probably more a buying opportunity than anything else.

Source:
https://www.facebook.com/BloombergTVPh

Learning from the experts.

Peter Ryan-Kane, Head of Portfolio Advisory for Asia Pacific said it will. The following are the lessons I got from this interview.

"The underlying economic pulse of a country, is not determined by its leadership."
"The underlying economic policy of any country is determined by its trade relationships, by its competitive advantages. They are long-term."

From this information and learning, I am now at peace with what's going on with the Philippine economy and its leadership.

Thank you, Peter Ryan-Kane.

You are amazing!

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