Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Download
Standard view
Full view
of .
Look up keyword
Like this
1Activity
0 of .
Results for:
No results containing your search query
P. 1
Daily_june 10, 2011_end of Week

Daily_june 10, 2011_end of Week

Ratings: (0)|Views: 7|Likes:
Published by JC Calaycay

More info:

Published by: JC Calaycay on Jun 10, 2011
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PDF, TXT or read online from Scribd
See more
See less

06/10/2011

pdf

text

original

 
 ACCORD CAPITAL EQUITIES CORPORATION
GF EC-058B East Tower, PSE Center, Exchange Road, Ortigas Center, Pasig City, PHILIPPINES 1605 (+632)687-5071 (trunk)
DAILY WRAP & OUTLOOK _ TD113-114 _June 10-13, 2011
PSEIPts Change% ChangeVolume ValueAdvancersDeclinersUnchanged
4,219.58-4.76-0.11%1,703.753,807.33666039
MARKET WRAP & HIGHLIGHTS OCAL share prices failed build on early gains anddefied trends across the Asia Pacific region asinvestors remained jittery ahead of next week's Monetary Board meeting.
L
The main Philippine equities index slipped -4.76 points to settleat 4,219.58 at the close after surging by as much as 24 points off the opening bell. Optimism marked the start of trades followinga mild-to-strong rebound in overseas markets overnight, led bythe Dow's +75 points finish. The benchmark S&P 500 returned0.75%.Turnover remains weak, missing the averages badly. Total volume for the day reached only 1.703 billion as against the year-to-date average of 2.844 billion. Value flow on the otherhand, slowed to php3.807 billion, nearly 15% below the average.Both averages are net of block sale values which to dateaccounts for 5.57% and 14.93% of the totals, respectively. Asia Pacific markets were mixed with recession hit Japan in thegreen. China, which continues to battle inflation with aggressivemonetary tightening, have both mainland and Hong Kong stockstrading lower. The MSCI Apex 50 index fell -1.01%.Movements in the domestic market's sectors were thin andmixed as well. The broad All Shares Index, a representativemeasure of all listed issues, was practically flat, edging lower bya mere 0.07%. Industrial and Property counters posted marginalgains.Gainers edged decliners for the first time this week, 66 to 60. This is not sufficient to overturn the prevailing negativetrend, nor at the very least, suggest a potential reversal point.
Preliminary OUTLOOK for TD_114_June 13, 2011
The narrowing trading band and light volume and value turnover this week resulted from the uncertainties brought to the table by the prior week's poor economic numbers from the US, and an almost neutral domestic inflation number, which although better than what the market expected, remains closer to the upper limit of the government's official range. The  just concluded week did not offer much appeasement for investors to aggressively increase their portfolio risks by adding equities into the mix.Such risks will persist in the coming week with the addition of anticipations of the Monetary Board's action on interest rates. The overnight borrowing and lending rates have been adjusted higher twice by a total of 50 basis points to 4.50% and 6.5%, respectively. Real rates of return are at or close to zero. Raising the rates again will create more positive space for fixed-income securities, but will be a bane for equities. Increasing the cost doing business by further tightening in a period of slower growth may dissuade the BSP from “risking” another action at this time. The meeting is slated for Thursday, yet.In the interim, markets will continue to focus on overseas developments for hints. On top of the agenda are the US economy and Europe. Major concerns are the debates on extending the US deficit ceiling or leaving the world's largest economy to a technical default. The former may roil financial markets even more. Across the Atlantic, the second aid  package for Greece remains highly awaited. While there has already been an agreement in principle to tide over the 
, DISCLAIMER: THE MATERIAL CONTAINED IN THIS PUBLICATION IS FOR INFORMATION PURPOSES ONLY. IT IS NOT TO BE REPRODUCED OR COPIED OR MADE AVAILABLE TOOTHERS. UNDER NO CIRCUMSTANCES IS IT TO BE CONSIDERED AS AN OFFER TO SELL OR A SOLICITATION TO BUY ANY SECURITY. WHILE THE INFORMATION HEREIN ISFROM SOURCES WE BELIEVE RELIABLE, WE DO NOT REPRESENT THAT IT IS ACCURATE OR COMPLETE AND IT SHOULD NOT BE RELIED UPON AS SUCH. IN ADDITION, WESHALL NOT BE RESPONSIBLE FOR AMENDING, CORRECTING OR UPDATING ANY INFORMATION OR OPINIONS CONTAINED HEREIN. SOME OF THE VIEWS EXPRESSED IN THISREPORT ARE NOT NECESSARILY OPINIONS OF ACCORD CAPITAL EQUITIES CORPORATION ON THE CREDIT-WORTHINESS OR INVESTMENT PROFILE OF THE COMPANY OR THEINDUSTRIES MENTIONED.
 
DAILY Report Page 1 of 2
PHILIPPINE MARKET, DAILY STATS
 
SECTORINDEXPts Change% CHANGEALL
2,979.87-2.11-0.07%
FINANCIAL
946.61-4.11-0.43%
INDUSTRIAL
7,168.879.170.13%
HOLDING FIRMS
3,468.57-9.44-0.27%
PROPERTY
1,500.503.110.21%
SERVICES
1,505.122.54-0.17%
MINING & OIL
18,315.38-78.32-0.43%
AS of 1210HEnd of DayASIAN MARKETS LATEST UPDATECOUNTRY INDEXLAST% CHANGEASIAN REGIONMSCI APEX 50
876.77-1.01%
 JAPANTOPIX
819.700.83%
 JAPANNIKKEI 225
9,545.240.82%
CHINAHANGSENG
22,454.70-0.69%
CHINASHANGHAI
2,697.99-0.20%
TAIWANTAIEX
8,865.07-1.51%
SOUTH KOREAKOSPI
2,061.21-0.49%
AUSTRALIAS&P/ASX 200
4,555.900.14%
AUSTRALIAALLORINDARIES
4,627.500.13%
NEW ZEALANDNZ50
3,493.810.15%
THAILANDSET
1,019.810.29%
INDONESIAJCI
3,800.46-0.15%
INDIABSESN
18,318.40-0.36%
SINGAPOREStraits Times
3,090.62-0.22%
MALAYSIAKLCI
1,557.990.46%
 VIETNAMHO CHI MINH
445.000.24%
As of 1300H6/10/11 www.bloomberg.com

You're Reading a Free Preview

Download
scribd
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->