Mac Murray

Posts Tagged ‘philippine stock exchange’

The #1 Sign You Are Likely to Blow Up Your Trading Account

In MYTHS & Markets on December 2, 2009 at 12:47 PM

“What’s the hot stock?”

“Have you heard any rumors?”

“What are you buying?”

“What’s your top pick?”Questionable Questions

“Got any tips?”

“What are you looking at?”


The question comes in different flavors.  But I’ve heard it oh so many times that out of desperation I recently came up with a carefully crafted, now well-rehearsed response: Read the rest of this entry »


Commodities Trading in the Philippines?

In PSE CURRENT Affairs on November 13, 2009 at 4:58 PM


Laying the Groundwork for Organized Commodoties Trading.

Philippine Stock Exchange (PSE) President and Chief Executive Officer Francis Lim and Department of Agriculture (DA) Secretary Arthur Yap lead the signing of an agreement that will lay the foundation for an organized commodities market in the country.

Under the memorandum of agreement, the PSE and DA will work together in putting up an organized commodities market that will help ensure fair and transparent trading for agricultural products. Read the rest of this entry »

Stock Market Diagnostics by Paris Murray: Sept 16 2009

In EMERGING Markets, PSE CURRENT Affairs on September 17, 2009 at 12:00 AM

Market Diagnostics

Chinese Blue Marble Half Slice

“The Market tells you where your market is, and you’d d••n well better listen.

–Jim Clark

Chinese Blue Marble Half Slice

Assessment and Outlook

Cautiously optimistic.  As of September 10, the NYSE Composite Index and the Nasdaq Index are at their highest levels of the year.  Emerging Markets are boasting the best year-to-date returns of the last 10 years, as are the ASEAN markets .  2009 is the Philippine Composite Index’s best performing year-to-date over the past 5 years.  All this suggests a strong 4th Quarter.

Read the rest of this entry »

Philippine Stock Exchange and Thomson Reuters Partnership

In PSE CURRENT Affairs on August 26, 2009 at 1:59 PM
Philippine Stock Exchange and Thomson Reuters partnership

Philippine Stock Exchange and Thomson Reuters partnership

The Philippine Stock Exchange, in partnership with international news provider Thomson Reuters Philippines, launched on August 19, 2009 the new look for the Exchange?s electronic display board in Makati City, located at the Insular Building on Ayala Avenue corner Paseo de Roxas, one of the busiest crossroads in the financial district. The electronic board now publishes real-time market prices, news and summaries, designed to bring the stock market closer to the local investing community.

Read the rest of this entry »

August Philippine Stock Market Update: Good to Gargantuan

In PSE CURRENT Affairs on August 24, 2009 at 8:48 PM


By request, here’s the latest on the Philippine Stock Exchange telecoms, plus a few other issues that have had truly gargantuan moves since January 1, 2009.

If you’re not sitting down, now would be a good time to do so.



Read the rest of this entry »

PSE’s Prayer for Cory Aquino

In PSE CURRENT Affairs on August 3, 2009 at 6:12 AM
Former Philippine President Cory Aquino

Former Philippine President Cory Aquino

(This was read on both trading floors on August 3, 2009 before trading opened.)

Lord, we thank you for sending us Corazon Cojuangco Aquino, who, by her good deeds and leadership has been your golden champion for truth, freedom, and peace in the Philippines. As a national treasure, her departure from this world is an immeasurable loss for the country, which has benefited from her services and sacrifices as both commander-in-chief and mother to the nation.

But as Cory Aquino joins You, our maker, she also transforms into an indestructible symbol of democracy for the world; a never-ending beacon of hope and strength for the Filipino people to keep a vigilant watch over freedom; and most importantly, the better half of an idea or belief, of which Ninoy Aquino is the other half, that the Filipino is worth dying for. And because ideas never die, our beloved Cory Aquino
will never really be far away from us. Read the rest of this entry »

JP Morgan turns ‘very bullish’ on Philippines

In EMERGING Markets, PSE CURRENT Affairs on May 19, 2009 at 4:04 PM
J.P. Morgan Securities Philippines, Inc.

J.P. Morgan Securities Philippines, Inc.

MANILA, Philippines — Global financial services giant JP Morgan is telling investors to fatten their exposure in the Philippines, saying the country’s prospects are boosted by low interest rates, a strong peso, reforms in the power sector, an encouraging mining industry, and government mega-infrastructure spending.

JP Morgan is keeping its “overweight” call on the Philippines and advises investors to increase their holdings in the country, JP Morgan Securities (Asia Pacific) Ltd. chief Asian and emerging markets equity strategist Adrian Mowat said after an investor conference late Thursday.

It was JP Morgan’s first investor conference in the Philippines since the 1997-98 Asian economic crisis affected the country. The conference attracted around 80 fund managers, mostly from abroad.

“Now, investors are waking up to this market and people are increasingly going to a plane and coming back to Manila,” Mowat said.

“You live in a relative world when you look at emerging markets,” he said. “The Philippines started performing only in August last year. The reforms in the power sector are all relatively new, the movement in onshore bond yields is relatively new.”

JP Morgan Securities Philippines Inc. head of equity research Kelly Lim-Bate said there were four key drivers that would keep investors glued to the Philippine growth story this year.

She said these were a strong peso because of the country’s similarly robust balance-of-payments position; interest rates that would continue to be low and in turn spur loan growth; the government’s P1.7-trillion infrastructure spending program; and foreign direct investments coming back into the country, specifically in manufacturing, power and mining.

Source: Inquirer dated May 19, 2009