Philippine Stock Exchange: Wrap-Up Report – March 15, 2017

MANILA, Philippines – The Philippine Stock Exchange Index (PSEi) shed off some of its gains after doing a 2-day run-up. The main index closed at 7,253.79, down by 7.96 points or 0.11 percent. The broader All Shares index added 0.22 percent.

Most of the sectors were down with the exception of the Financial and Service sectors. The best performing sector is the Service sector rising by 0.18 percent. Within the sector, PGOLD continued to rise to close at 45.65, up by 0.33 percent. GLO is also higher by 0.05 percent at 1950. TEL, its close competition, remained flat at 1,521. ICT also moved higher to close at 81.50, up by 2.90 percent. NOW paired back some of its gains to close at 3.04, down by 5 percent. BLOOM is also down by 3.92 percent at 7.35. MRSGI is also down by 1.62 percent at 3.65. MCP and RWM are down by 0.70 percent and 0.63 percent, respectively.

The worst performing sector is the Mining and Oil sector, down by 1.10 percent. This is the second straight day the sector is down as Pres. Duterte reaffirms his support to Sec. Gina Lopez. Nickel miners were mixed. MARC closed at 1.80, up by 0.06 points or 3.45 percent. NIKL was also up by 0.16 percent at 6.20. FNI however, was down by 1.21 percent at 2.45. Gold miners were generally down today. PX closed at 8.80, down by 1.68 percent. LC was also down by 2.67 percent at 0.182. AR closed at 0.0033, down by 5.71 percent.

The most active stocks include MPI with P382 million, CHP with P337 million, and ICT with P321 million.

The significant gainers include MAB up 9.09 percent and ABG by 8.81 percent.

The significant losers include LMG by 41.94 percent, SPM by 8.63 percent, APL by 7.41 percent, CHP by 6.32 percent, APX by 6.15 percent, PA by 5 percent, and NOW by 5 percent.

There were 59 advancers, 133 decliners, while 52 names remain unchanged. PSEi registered a bearish market breadth today due to the advancer-to-decliner ratio of 1:2.25.

The market turnover totaled P8.27 billion. Foreigners bought P4.47 billion and sold P5.25 billion resulting to a net foreign selling of P780.5 million.

On a 30-day trading period, PSEi is on a Net Foreign Selling worth PHP7,286,095,956.23.

PSEi - Philippine Stock Exchange Index - Foreign Fund Flow - 3.15.2017

To interpret the chart below, please note that the farther the stock from the center of the circle, the bigger is the Net Foreign Buying. The closer the stock to the center of the circle, the bigger is the Net Foreign Selling. These 50 stocks in this chart are the 50 stocks with the biggest total turnover value.

PSEi - Philippine Stock Exchange Index - Top 50 Stocks Foreign Fund Flow - March 15, 2017

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About the Author
The Stock Signals Philippines is the online news media arm of Equilyst Analytics. Inc., an SEC-registered stock market consultancy firm in the Philippines that guides Filipinos on long-term investing and short-term trading and offers mentoring services.

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