PH stock market gets out of 5-day slump

7:18 pm | Friday, July 13th, 2012

MANILA, Philippines – Local stock prices crept higher on Friday, ending a five-day slump, as SM Prime Holdings and Robinsons Land boosted the property counter.

The main-share Philippine Stock Exchange index firmed up by 9.33 points or 0.18 percent to finish at 5,214.52. This developed as regional markets firmed up amid reports that China’s second quarter economic growth met market expectations.

The property counter surged by 1.39 percent led by SM Prime (+3.88 percent) and RLC (+3.76 percent).

SM Prime rose after its president, Hans Sy, said that the SM group’s offer on a prospective buy-in transaction with the Ortigas family was still on the table.

RLC, on the other hand, sizzled on news that it was in talks to take part in the $2-billion gaming/entertainment hub planned by Japanese tycoon Kazuo Okada.

Turnover swelled to P11.34 billion due to a P6.5-billion block sale on Puregold and P1 billion block sale on Philweb.

Puregold’s controlling shareholder Lucio Co placed out shares in a recent overnight equity deal while Philweb bought shares held by ePLDT.

Advancers outnumbered decliners in the market 87-63 while 40 stocks were unchanged.

Other index stocks that contributed to the day’s gains were PLDT, Megaworld, AGI, MPI, BDO, Globe, URC and First Gen. Also among the gainers were GT Capital, Abacus and Security Bank.

On the other hand, the stocks that bucked the day’s upswing were ALI, Puregold, SMIC, AC, BPI and SMC.

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Tags: Business , Markets and Exchanges , News , Philippine stocks , Stock Activity , Stock Market

TagaMlang

Stock market is basically “perception”. The real value of the share of stocks is initially set during the establishment of the company, and these stocks go up or down depending on the actual performance of the company. So if you look at the books of these companies, you will know the real value. But of course, this is confidential, so what the public see is the value of the shares of stocks listed in the board. These values are subjective and influenced by the environment.

In 1996-97 Asian financial crises, the market capitalization (total of all listed companies) went down to 38% of GDP. But a year prior to that, it was at 97%. In 2007 in went up to 69%, but went down to 30% in 2008 during the US real estate mortgage collapse. As of 2011, it is about 76%.

So you can see that it is “perception” that greatly influence the stock market. There are a lot of manipulators of the stock market, and the most common are the portfolio managers of “hot money”. Hot money are those that are invested in short term businesses particularly in stock market, that goes in and out of the country as they please.

So guys, be careful. The stock market is not a good place to invest. The reason the stockbrokers encourage investors is, they are the ones making money for every transaction, even if the investors lose or gain. “Lagareng Hapon” as the saying goes.
http://pulse.yahoo.com/_OJWHBJLMWPTRUOZMN6JOMHLO2A Banana Na

they just manipulates the stock markets, both the domestic and foreign fund manager, maki-sabay ka na lang sa kanila, pinipili nila ang stock na gusto nila maski di gaano kumikita ang company ay tumataas pa rin ang prices, may mga company na stable ang net profits nila at tumataas ang profits ay hanggang ganyan na lang ang prices nila, di na gaano tumataas kasi ayaw nila fund manager itaas, tingnan mo na lang ang trend ng prices…
http://twitter.com/Borogol Borogol

red ulit yan. that move is written on japanese trading method ashigakari , the pump and dump method on a bull market. this is merely a sell on news

PH stock market gets out of 5-day slump

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