Author Archives: research

About research

Philstocks.ph™ is the online trading division of Accord Capital Equities Corporation (ACEC). In line with its mission to develop the latest innovations and technologies for efficient trade executions of clients, Accord Capital has created the Philstocks.ph™ in 2006 to become an effective online trading platform. In retrospect, not all brokerage houses have an online trading platform. In fact, there are only 10 PSE-recognized online trading facilities to date. This makes Philstocks.ph™ a member of an elite club of online trading participants.

Accord Capital Daily, Wednesday, April 24, 2013

Posted on April 24, 2013 by research

Trades opened with the market plunging 75 points as the index tests fresh support levels. At yesterday’s close, interim support was pegged at the psychological 7,000-mark with the first important retracement not far behind at 6,990 – a level the … Continue reading →

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Accord Capital Daily, Tuesday, April 23, 2013

Posted on April 23, 2013 by research

The bulls are so confident of the fundamental prospects they have defied technical indications for an extended time, leaving bears limited time to dominate the market. Thus, retreats have been short-lived – the longest losing streak being the eight-session 6% … Continue reading →

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Accord Capital Daily, Monday, April 22, 2013

Posted on April 22, 2013 by research

Various international agencies have either kept or revised upward recognizing the gains made by the Aquino government in the area of fiscal discipline and transparency. The United Nations Economic Commission for Asia and the Pacific (UNESCAP) projects a 6.2% pace … Continue reading →

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Accord Capital Daily, Friday, April 19, 2013

Posted on April 19, 2013 by research

Technical analysts are left to drawing projection lines onto clean sheets, stretching historical parallels, even as a good number balk at the exercise, confined to interpreting chart patterns on the basis of conventions and norms. Yet, even as underlying indicators … Continue reading →

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Accord Capital Daily, Wednesday, April 17, 2013

Posted on April 17, 2013 by research

The main Philippine share index closed -51.44 points lower to 6786.33, extending Monday’s decline off the 25th record for the year Friday. The weakness was fairly evident off the starting block with the measure plunging -114.64 points to the session’s … Continue reading →

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Accord Capital Daily, Tuesday, April 16, 2013

Posted on April 16, 2013 by research

MARKET COMMENTARY IT HAS BECOME EVIDENT IN THE LAST SEVEN WEEKS that the once dominant bull has lost some of its strength. Alternatively, the bears have gained a decent foothold. In fact, in the preceding 35 sessions, the market closed … Continue reading →

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Accord Capital Daily, Monday, April 15, 2013

Posted on April 15, 2013 by research

MARKET COMMENTARY OUR OUTLOOK for the entire year has not changed. We remain bullish – even more so after the PSEI hit the lower end of our full-year forecast band of 6,800 to 7,200.So far, most of the assumptions we … Continue reading →

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Accord Capital Daily, Wednesday, April 10, 2013

Posted on April 10, 2013 by research

The PSEI made three attempts sustain a push past the 6,740-line, including a strong rebound off the day’s low that tested the 6,700-support, but failed to get enough traction, finishing the day with a minimal 5.08-points rise. Coupled with the … Continue reading →

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Accord Capital Daily, Friday, April 5, 2013

Posted on April 5, 2013 by research

MARKET COMMENTARY AT YESTERDAY’S REPORT, we pointed to the charts to illustrate the shifting sentiments that drive the market. Roughly the first 40 days was marked by a seemingly unstoppable rise by the PSEI enroute to several rewritings of the … Continue reading →

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Accord Capital Daily, Thursday, April 4, 2013

Posted on April 4, 2013 by research

Interest rates conducive for borrowing, lending volumes. Philippine interest rates are at historic lows with the benchmark 91-day T-Bills fetching0.04% at the last auction, slicing half of the previous level of 0.08%. Yields for longer-term tenors, 182-days and 364-days, also … Continue reading →

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