Just sharing stuff…
In Mr. Hans Sicat’s presentation last March 15 at the Bloomberg LP, he mentioned that the PSE’s strategic agenda can be summed up in two words: LEVEL UP, i.e.,
Besides, this year marks the final year of implementation of these agenda. He also highlighted some milestones that were achieved in 2011: Rule Amendments, Market Education Initiatives, Improved Governance, and of course, Increased Trading Activity. Awesome job, PSE!
I believe that it is also important to highlight that the average daily trading has increased by as much as 15.5% in 2011 (from 2010). Moreover, I read a news clip on the PSE (source: Technistock) that says “higher trading activity and record capital raising levels boosted the revenues of the Philippine Stock Exchange (PSE) in 2011 by nearly, 10 percent.” With these information, I am thinking that the PSE (stock) might be worth a look. 🙂
Anyway, the PSEi closed at 5,102.24 today, down by around 0.48%. I have been expecting this and I believe that this is just a healthy consolidation, nothing to worry about. When I was at the PSE-Bloomberg road show, I was very much convinced that every one in the forum agrees on one thing: that the growth of the Philippine economy is sustainable. The panelists in the open forum were:
Err.. Some details. My portfolio still has not changed, with ORE as its top gainer. I plan to diversify soon though because I’m fully invested in the Mining and Oil sector alone! I mean, with the PSE’s very bright future ahead, I suppose that it’s time for me to reconsider some blue chips. Now, in terms of fundamentals and the amount of money I’m playing with, I have my eyes set on MPI and DMC and PGOLD. A friend also pointed out that PCOR has been lagging behind. True. It does have a substantial potential at its current level.
Anyway, everything within my radar looks so darn attractive! 🙂 I’m just painstakingly waiting for them to reach comfortable entry levels. I need to research some more though — fundamentals first before the technicals.