YTD PSEI is above 15% vs. YOY slightly above 1.03%; at least its now above waters. Just as the Dec 2016 low -15% had finally recovered with today's closing price on the PSEI at 7888, +39.41 equivalent to a +0.50% change .
Comparative Chart V2 - PH Sector Index
And the PH Holdings Index at 7924, +51.16 equivalent to +0.65% change ending the 6th of July 2017. Followed by Industries with a +42.76 equivalent to +0.39% increase while Financials at 1947, a +9.20 change equivalent to +0.47% gain. Properties did increase at 3647, with a +14.24 and an equal percentage change of +0.39% along side industries sector.
Good numbers for Asian investors as prices have indeed recovered from the slump! Although, retail traders & investors may still have some weary doubts of the initial run especially coming from the PSEI's decline to as low as 7734 at the end of June. However we did stated from our recent market view analysis that the first two (2) weeks at the opening of the 3rd quarter of 2017, starting July would see more market activity that would result into record levels.
For as long as the gradual pace can be sustained moving forward with momentum and prices builds up; then the direction of this rally would be far more interesting to witness.
