'Dollar Denominated Securities' being studied and would then be submitted to the SEC for approval. Which the PSE expects to get the go signal to launch once approval has been granted. This will surely boost PSE's trading volume and draw more international investors to the local bourse. This will also help Foreign institutions and PH Professional Business Investors to reduce while managing the 'Risk in Currency Exposure' Similar to what is currently seen with the weakness of the Philippine Peso (PHP) against the USD. Obviously, the average PSE trading volume has declined; since 2015 from PHP8.96 Billion to PHP6.7B.
On the Flip-Side of the USD Outflow in PH Stocks
As of 3.15.17
ReplyDeletePSEI PRICE ACTION: It is well worth taking notice that the PSEI price range has been established from its rally since January 2017. This range is set at a high of 7402 and a low at 7120 levels for the past 9 consecutive weeks now.
And today's closing at 7258 is well within a mid-range that signals a resilient market. Where it breaks to the North side of the chart is indeed a welcome treat; as individual stocks with a few exceptions has been in a cradle swing at the lower band of their respective price take off points.
PH Stock Market Volatility Finally Emerges
ReplyDeleteRebalancing or Price Adjustment or Just A Sophisticated Market Play Book
https://plus.google.com/+JSTAlexander/posts/M9Xa6Z4rzGq?_utm_source=199-1-1
Finally PSEI gave the bulls a run to the banks at 7439. A leg up after a consolidation pattern got better staying well within trend direction, go green!
ReplyDelete