I was wrong to predict that PSEi will be down by at least 100 points before the Easter, in fact the market closed in the green territory bouyed by the heavy BUYS by hungry investors. Following the week after the long holiday it's the Golden EGG that made the BULL swung to the new highs.
I have noted that banks led by MBT lifts the index, TEL also breached the 2,850 barrier and BPI breached 95 level. These were the few of the best picks, casino stocks led by BLOOM shoot again, likewise MCP and RWM. I continue to like property stocks like FLI, CPG, SMPH and ALI, the multi-billion expansion released by SMPH move the quiet investors from their bench and started to devour more the SMPH chunks.
Now, the Philippines has gained it's momentum and the BULL run will not be easing soon. There may be a corrective swings but this will prepare the market to position for a better support level and to break a new highs.
Good news arose when Hongkong authorities lifted the Philippine travel ban. I saw this as a new avenue of added investors confidence in the Philippine political and business environment dynamics. Credit to Erap for this, he done a good job for the whole Philippines, thumbs up for him.
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| Philippine Composite Index 3-year performance |
I have noted that banks led by MBT lifts the index, TEL also breached the 2,850 barrier and BPI breached 95 level. These were the few of the best picks, casino stocks led by BLOOM shoot again, likewise MCP and RWM. I continue to like property stocks like FLI, CPG, SMPH and ALI, the multi-billion expansion released by SMPH move the quiet investors from their bench and started to devour more the SMPH chunks.
Now, the Philippines has gained it's momentum and the BULL run will not be easing soon. There may be a corrective swings but this will prepare the market to position for a better support level and to break a new highs.
Good news arose when Hongkong authorities lifted the Philippine travel ban. I saw this as a new avenue of added investors confidence in the Philippine political and business environment dynamics. Credit to Erap for this, he done a good job for the whole Philippines, thumbs up for him.
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