Philippine Stock Exchange: Wrap-Up Report – January 18, 2017

MANILA, Philippines – The Philippine Stock Exchange Index (PSEi) has ceased its 5-day downtrend as the stock hit support today. The index closed at 7156.36, 33.03 points or 0.46 percent.

The PSEi found support at its 20-day SMA and is trading slightly below it 23.6 percent Fibonacci retracement from the onset of its latest rally.

All sectors closed higher with the exception if the Industrial sector. The Service sector was the best performer, rising by 1.41 percent. Within the sector, TEL moved higher by 50 points or 3.47 percent to close at P1,490. GLO, its close competitor, closed lower at P1,655, down by 0.90 percent. PGOLD also rallied by 2.56 percent. BLOOM is approaching a probable neckline in an inverse head and shoulders closing at 6.75, higher by 2.74 percent.

The Property sector also did fairly well. MEG was able to halt its drop after closing at 3.61, higher by 1.69 percent. SMPH is also up by 1.01 percent, RLC by 2.22 percent, and ALI by 0.30 percent.

The Mining and Oil sector is also slightly higher. NIKL was able to relieve some selling pressure as it rose to 6.90, higher by 4.39 percent. FNI is also higher by 1.36 percent, while MARC was also higher by 2.71 percent. PXP was down by 0.83 percent.

The Industrial sector was slightly lower as URC was down by 1.42 percent, JFC by 1.36 percent, PCOR by 1.97 percent, and AP by 0.34 percent.

Most traded value stock today was GTCAP with P561.5 million, followed by SMPH with P227.68 million and BPI with P209.46 million.

The top gainers with volume include ALCO by 9.33 percent, EEI by 5.87 percent, COAL by 5.43 percent, CROWN by 5.08 percent, and NIKL by 4.39 percent.

The top losers with volume include ALT, down by 13.76 percent, as news about the terms of its tender offer came out with a possible price ranging between P3.25 and P6.75. BHI, IS, and ARC were down by 5.41 percent, 4.78 percent, and 4.23 percent, respectively.

Total value turnover today amounted to P4.98 billion. Foreigners bought P2.87 billion of Philippine equities and sold P2.84 billion resulting to net foreign buying of P27.5 million.

On a 30-day trading period, PSEi is on a Net Foreign Selling worth PHP7,698,147,000.00.

PSEi - Philippine Stock Exchange Index - Foreign Fund Flow - January 18, 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.

10 stocks with the biggest Net Foreign Buying: GTCAP, MER, BLOOM, JGS, DMC, BPI, SCC, EDC, AEV, BDO
10 Stocks with the biggest Net Foreign Selling: ICT, SMPH, URC, GLO, JFC, CHP, PCOR, PIZZA, DNL, AGI

PSEi - Philippine Stock Exchange Index - Top 50 Stocks Foreign Fund Flow - January 18, 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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