As they say, if it looks like it, feels like it, smells like, it must be it.. Are the bulls knocking at our doors? Well if It looks like a bull and it feels like a bull. Right? Hmmm, Is it, really? Of course, we would want it to be.
The PSEI, on a year-to-date, suggests it is after surging to a 16.98% gain over the first 23 weeks. The PSEi advanced during the week on the back of strong foreign buying. The closed at 7,990.24 points gaining 82.58 points or 1.03% from last week. Value turnover decreased to Php44.5Bil from Php57.3Bil the previous week. We’re net foreign bought once again accumulating Php3.7Bil worth of shares.
Highlight of the week:
- ROCK Land Announces PhP0.0594 Cash dividend
- DMC t enter cement business
- AEV units pursue new projects n Cebu
- SM Prime hits P1 trillion market cap
- Economy: May Inflation lower at 3.1%, below consensus forecast
- UK holds election
- 4 Arab countries sever diplomatic relations with Qatar
- BPI reports ‘internal data processing error’, leaving clients unable to access their accounts via ATM or online.
- Gaming sector: Congress considers removal of PAGCOR licensing authority
NEW 52 WEEK HIGHS THIS WEEK:
- STI
- SSP
- ICT
- CNPF
- BLOOM
- WLCON
- PNB
- EW
- CLI
- BRN
NEW 52 WEEK LOWs THIS WEEK:
- ABS
- PHEN
- HOUSE
- RWM
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