This week, PSEi registered its new high for the year yesterday at 7,733.78. I really thought magtutuloy tuloy na sya but unfortunately, it ran out of steam on the last trading day after wall street fell in response to the Trump administration’s plans to overhaul the US tax system.
Team gaming led by MCP were really active this week. Even last week, and the other week as well. What’s up with that?
MRC is volatile this week after an awesome rally mid march. Does it have steam left?
Trading week is cut short due to ASEAN meeting tomorrow. Happy long weekend to us! San lakad nyo? Pasabit naman! 
New 52 week highs this week:
- PNB
- MCP
- BEL
- PF
- PBB
- MRC
- Bloom
- CHI
- TFHI
*In case I missed someone, please let me know so I can update it.
Significant news this week:
- SM Investment Corp, one of the biggest conglomerate in the country bought 61.2% stake in PULS (Philippines Urban Living Solutions Inc), the company that operates “My Town” dormitories.
- PSPC changed its name corporate name to SFA Semicon Philippines in a submitted to PSE this monday
- Belle Telecomms first quarter net Income Up +79.2% YoY to Php621.7M
- SECB declares SPECIAL cash dividend of P0.50/ share, Record date: May 11, Payable on May 25
- Chelsea Logistics Corp plans to raise as much as PHP 8 billion from IPO this year. They propose to conduct IPO this June with July 5 listing date. The proceeds for the IPO will be used to expand the company’s cargo and passenger shipping businesses.
- SM Investment Corp appointed the former (2009) CFO of the year awardee by FINEX and long time CFO Jose Sia as the new chair. He will be taking over Henry Sy Sr. who founded the group in 1958. On the same news, Frederick DyBuncio is the new SMIC president. With over 20 years experience in banking will take over Harley Sy who shall remain the executive director.
- Arthaland Corp’s net income is up 240%, P840 million vs P247 million a year ago
