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Weekly Report_xxiv_june 13-17, 2011

Weekly Report_xxiv_june 13-17, 2011

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Published by JC Calaycay

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Published by: JC Calaycay on Jun 11, 2011
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ACCORD CAPITAL EQUITIES CORPORATION
GF EC-058B East Tower, PSE Center, Exchange Road, Ortigas Center, Pasig City, PHILIPPINES 1605 (632)687-5071 (trunk)
Outlook for Week XXIV_June 13 to 17_TD 114-118
1 of 2
 WEEKLY MARKET STATS UPDATE:THIS WEEK'S BACKDROP:IN FOCUS:
Global “reco-worries” raises risk aversion
Debts and deficits problems in Greece and the US
Multi-week declines in equity prices, major indexes
Interest rates
Commodity prices fall
Corporate goings-onEAR 
the halfway mark of the year, global equity markets arereeling from a growing body of evidence that the post-recessionclearing once within sight has been clouded.
N
Major stock market indexes extended weekly declines, narrowing year-to-date gains, with fears of a “double-dip” recession once morerearing its ugly head. This came as poor economic numbers from theUS in the prior week continued to be digested in the absence of freshnews and data. This heightening concern has increased investors'aversion to risky assets, with the slower GDP growth seen asreflecting on corporate bottom-lines moving forward. For much of the year-to-date, analysts forecast, which turned cautiously optimisticat the end of last year, have been missed.Using the volatility of average monthly returnsover the TTM, measured by standard deviation togauge risk, Philippine stocks top the list of selected indexes comparing the global majors andour peers in the Asean region. The increaseduncertainty presented by this measure may havecontributed to the market's inability to holdadvances, particularly in light of the higher return, lesser risk proposition by neighboring Jakarta Exchange.Last week's action at the local bourse pulled the averages lower. Average volume turnover narrowed by -1.2 percent to adaily pace of 2,834 billion. Value-wise, the squeeze was at a tad lighter, slowing -0.97 percent to php4.485 billion, a levelmissed in the last eight (8) sessions, even if we include block sale values. Investors have obviously began to take to thesidelines ahead of important data releases – GDP in week 22 and inflation last week. Heading into week 24, the market
DISCLAIMER: THE MATERIAL CONTAINED IN THIS PUBLICATION IS FOR INFORMATION PURPOSES ONLY. IT IS NOT TO BE REPRODUCED OR COPIED OR MADE AVAILABLE TO OTHERS. UNDER NOCIRCUMSTANCES IS IT TO BE CONSIDERED AS AN OFFER TO SELL OR A SOLICITATION TO BUY ANY SECURITY. WHILE THE INFORMATION HEREIN IS FROM SOURCES WE BELIEVE RELIABLE, WE DO NOTREPRESENT THAT IT IS ACCURATE OR COMPLETE AND IT SHOULD NOT BE RELIED UPON AS SUCH. IN ADDITION, WE SHALL NOT BE RESPONSIBLE FOR AMENDING, CORRECTING OR UPDATING ANYINFORMATION OR OPINIONS CONTAINED HEREIN. SOME OF THE VIEWS EXPRESSED IN THIS REPORT ARE NOT NECESSARILY OPINIONS OF ACCORD CAPITAL EQUITIES CORPORATION ON THE CREDIT-WORTHINESS OR INVESTMENT PROFILE OF THE COMPANY OR THE INDUSTRIES MENTIONED.
PHILIPPINE MARKET STATSINDEX LAST WEEK% YTD%PSEI 4,219.58 -1.82 0.44ALL 2,979.87 -1.35 -0.88FIN 946.61 -1.63 -1.55IND 7,168.87 -0.38 -0.72HDG 3,468.57 -1.98 2.36PRO 1,500.50 -2.33 -5.18SVC 1,505.12 -2.27 -5.36M&O 18,315.38 -2.70 31.32WORLD MARKETSINDEX LAST WEEK% YTD%DOW 11,951.90 -1.64 3.23S&P 1,270.98 -2.24 1.06NASDAQ 2,643.73 -3.26 -0.34FTSE 100 5,765.80 -1.52 -2.27DAX 7,069.90 -0.55 2.25CAC 40 3,805.09 -2.20 0.01MSCI APEX 50 874.02 -3.16 0.91TOPIX 817.38 0.10 -9.06NIKKEI 225 9,514.44 0.23 -6.98HANGSENG 22,420.40 -2.31 -2.67SHANGHAI 2,705.14 -0.84 -3.67TAIEX 8,837.82 -2.30 -1.50KOSPI 2,046.67 -3.16 -0.21S&P/ASX 200 4,562.10 -0.46 -3.86ALL ORDINARIES 4,634.90 -0.68 -4.37NZ50 3,490.63 -0.69 5.49SET 1,020.37 -3.54 -1.20JCI 3,787.65 -1.47 2.27BSESN 18,268.50 -0.59 -10.92Straits Times 3,078.35 -2.14 -3.50KLCI 1,556.19 -0.23 2.45HO CHI MINH 445.00 0.36 -8.18
CATEGORY MEASURE VALUE PREVIOUS WEEK CHANGE% END-DEC2010 CHANGE%NET VOLUME 2,834,409,774 2,869,558,588 -1.22% 1,637,867,112 73.05%NET VALUE 4,484,687,751.92 4,528,503,861.29 -0.97% 4,603,800,556.27 -2.59%ISSUES TRADED 172 173 -0.58% N/A N/ATRADES 14,955 15,012 -0.38% N/A N/AFOREIGN (BUY) 2,178,934,273.73 2,200,096,898.49 -0.96% 1,972,980,083.85 10.44%FOREIGN (SELL) 2,048,279,430.89 2,063,140,628.27 -0.72% 1,752,691,290.38 16.86%FOREIGN (NET) 130,654,842.84 136,956,270.22 -4.60% 220,288,793.48 -40.69%INDICATORS AD Line -763.00 -677.00 12.70% -508.00 50.20%%K STO(14,3) 34.87 82.46 -57.71% 95.12 -63.34%%D (STO(14,3,3) 39.84 71.56 -44.33% 72.13 -44.77%RSI(14) 45.43 54.45 -16.56% 56.61 -19.75%EMA(10) 4,251.82 4,280.36 -0.67% 4,149.40 2.47%EMA(50) 4,214.95 4,209.79 0.12% 4,119.42 2.32%EMA(150) 4,062.37 4,050.23 0.30% 3,839.39 5.81%ACTIVITY [YTDDAILY AVERAGES]
-1.00 2.00 3.00 4.00 5.00 6.00 7.00PHLINDFRAUSGERLDNSINMALAVG RETSTDEV

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