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ACCORD CAPITAL EQUITIES CORPORATIONPAGE 1
We welcome 2012 with a new hope for
the coming year the Philippine
economy is expected to recover from the
slumber of 2011 with the Presidents
mandate to increase government
spending. It is hoped that the trickle-
down effect of increased public
spending will lead to a more robust
economy. It is worth noting, however,
that the continuing crisis over European debt will keep positive
market forces at bay, or even possibly
stalling further Philippine growth. The United States of
America, our number one trading partner, isexpected to recover
after positive economic numbers foretell some growth to be expected
in 2012, albeit
stunted by emerging Chinese interests.
We can expect a different playing field with the application of
the new trading hours, from 9:30 am to
3:30 pm. This new shift in schedules shows the Philippine Stock
Exchanges commitment to place the
Philippine exchange at par with the neighboring equities
exchanges here in Southeast Asia. Insofar as
todays performance of the PSEi indicates, it could be said that
the Philippine market is still taking its
time to adjust to the newer schedule set by the PSE.
For the most part, the market returned to its usual pace coming
from the short holidays, with stock value
traded finishing at a grand total of PHP 1.686 billion. Looking
at the intraday performance of the PSEindex, the market started off
slowly before picking itself up at the end of the trading day to
end at
4,397.08 points, or25.12 points higher than the year-end close.
Market breadth is also at the positive
side, with 95 advancers overtaking 47 decliners. 43issues
remained the same. The overall picture post-
New Year celebrations seem to be much more positive, as compared
to post-Christmas numbers earlier
last week. It is hard to tell, however, whether the forward
movement of the market today will continue on
this week as investors and traders accustom themselves again to
a newer timeframe. Will such a change
in pace also increase the volume of trade and market activity in
general, or will the extended trading hours
allow for a slower pace in trading? We will have to see how the
market will operate in the coming days.
Cupitidas ex homine, cupido ex stulto numquam tollitur
(A man can be cured of his lust, but a fool can never be cured
of his greed)- from Latinquotes.net
Sources:
http://www.marketwatch.com/story/asia-manufacturing-data-offer-mixed-outlooks-2012-01-02
http://www.bloomberg.com/news/2012-01-02/most-asian-stocks-fall-as-won-euro-weaken-on-growth-concerns-in-new-year.html
DATA PROVIDED BY: THE PHILIPPINE STOCK EXCHANGE, INCORPORATED
(WWW.PSE.COM.PH)
MARKET ACTIVITY JANUARY 2, 2012
TRADES 12,081
VOLUME 838,220,301
VALUE 1,686,691,383
ADVANCES 95
DECLINES 47
UNCHANGED 43
THE DAILY S.W.I.M.(STOCK WATCH IN MOTION)
January 2, 2012
http://www.marketwatch.com/story/asia-manufacturing-data-offer-mixed-outlooks-2012-01-02http://www.bloomberg.com/news/2012-01-02/most-asian-stocks-fall-as-won-euro-weaken-on-growth-concerns-in-new-year.htmlhttp://www.pse.com.ph/http://www.pse.com.ph/http://www.marketwatch.com/story/asia-manufacturing-data-offer-mixed-outlooks-2012-01-02http://www.bloomberg.com/news/2012-01-02/most-asian-stocks-fall-as-won-euro-weaken-on-growth-concerns-in-new-year.htmlhttp://www.pse.com.ph/
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INFORMATION PURPOSES ONLY. IT IS NOT
TO BE REPRODUCED OR COPIED OR MADE AVAILABLE TO OTHERS. UNDER NO
CIRCUMSTANCES IS IT TO BE
CONSIDERED AS AN OFFER TO SELL OR A SOLICITATION TO BUY ANY
SECURITY. WHILE THE INFORMATION
HEREIN IS FROM SOURCES WE BELIEVE RELIABLE, WE DO NOT REPRESENT
THAT IT IS ACCURATE OR COMPLETE
AND IT SHOULD NOT BE RELIED UPON AS SUCH. IN ADDITION, WE SHALL
NOT BE RESPONSIBLE FOR AMENDING,
CORRECTING OR UPDATING ANY INFORMATION OR OPINIONS CONTAINED
HEREIN. SOME OF THE VIEWS
EXPRESSED IN THIS REPORT ARE NOT NECESSARILY OPINIONS OF ACCORD
CAPITAL EQUITIES CORPORATION ON
THE CREDIT-WORTHINESS OR INVESTMENT PROFILE OF THE COMPANY OR
THE INDUSTRIES MENTIONED.
