philippine stock market

[badkuk]

My unexpert opinion is that the recent selldown was sparked by the possibility of a US fed hike by end of the year. However, jobs data announced last Friday weren't that good -- 150k vs 181k expected. This is a contraindication for a rate hike.

Regarding the Davao bombing: sad as it is to admit, this isn't something new in PH history.

[jut703]

The rally to 8,100 after Duterte's win is typical in any election. Likewise, the pullback to 7,700 is also expected.

As what badkuk says, the Fed rate hike matters more than the Davao bombings. Investors don't dwell on political conspiracy theories, they look at macroeconomic indicators.

At the end of the day though, it doesn't matter, at least not for long term investors. The Philippine growth story is intact - we have the economic seeds in place and there's virtually nothing that Duterte can do to muck it up.

The sideways movement of the market today is great for buyers as you can buy more stocks of good companies at reasonable prices.


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[badkuk]

^ Let's hope the current admin doesn't tax the h#ll out of the PH growth story before it begins. Proposed 6 peso tax on diesel? wtf

[papi smith]

Glad to hear some sane people here. Hoping for a good dip today to buy lower into my current position trade. Made my first buy last friday.

[badkuk]

If anyone is interested in the basics, PSE is offering free webinars on Technical and Fundamental Analysis:


PSE Academy

[badkuk]

fyi, wealthsec seems to have come out with its own mobile app

Edited: Coming soon pa pala :p

[_Cathy_]

mag IPO na daw shell?

[badkuk]

mag IPO na daw shell?

Yep, long overdue IPO. On or before Nov. 10 daw. Prospectus has been available for a few months already

[StockEngine]

PSE oks Pilipinas Shell’s P3B IPO - Motioncars | Motioncars

Wish I can join the gain train..

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[ChoyJo]

Mga Guru's Okay na ba magdagdag ngaun? Start na ba magBull? Inaantay ko 7250 kaso umakyat na 7.5k.. Beginner pa lang ako dito kaya limitado pa lang alam ko.. So far talo pero naaliw pa din naman ako.. Sana balang araw maranasan ko din kumita gaya nyo..hahaha

[StockEngine]

Mga Guru's Okay na ba magdagdag ngaun? Start na ba magBull? Inaantay ko 7250 kaso umakyat na 7.5k.. Beginner pa lang ako dito kaya limitado pa lang alam ko.. So far talo pero naaliw pa din naman ako.. Sana balang araw maranasan ko din kumita gaya nyo..hahaha

I saw the massive jump too.. magbull? Not yet bullish but prospects are high generally and especially with the new government.

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[StockEngine]

Another impressive jump... back to 7700 levels..

Thanks to senator gordon...

PD doing well...

PSEi bounces back to 7700 level - YouTube

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[NightRock]

sana mag 8K level ulit

[Monseratto]

Na ubos na allocation ng SHELL IPO sa broker namin... few hundreds lang inoffer.

[StockEngine]

sana mag 8K level ulit

With china visit...and japan later. I think we will break 8k soon. Over 10k is possible too.

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[StockEngine]

Go Duterte



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[dreamur]

Go Duterte



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If the index goes down, external market forces. If up, duterte agad? Akala ko strong ang economic fundamentals ng pinas.

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➰Shine the light➰
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[dreamur]

Wrong thread

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➰Shine the light➰
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[Juan Martinez]

Go Duterte



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go where? to hell? ✌

[Walter]

Those are not indicators of what he has done ... he's been in office for less than 6 months ...