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.

On Balance: Daily Notes for May 21, 2020

Posted on May 20, 2020 by research

OUR VIEW Trade cautiously as the market seems to continue moving sideways amid uncertainty on Covid-19 vaccine. While at home, lower tax collection in April could hinder economic recovery as it delays some projects of the government. Also, news that … Continue reading →

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On Balance: Daily Notes for May 19, 2020

Posted on May 19, 2020 by research

OUR VIEW Bargain hunt given the easing of lockdown in most countries, including the Philippines to reopen the economy while Fed Chair Powell assessed the recovery of the US economy. Positive performances of the US indices on vaccine hopes, may … Continue reading →

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On Balance: Weekly Notes for May 4, 2020

Posted on May 4, 2020 by research

MARKET WRAP ● PSEI books first winning month.​ Riding strong performances by overnight markets in the US and  Europe and alongside equally stellar markets in Asia, the PH benchmark stood at 5,700.71 at the close of  the month’s trade, securing … Continue reading →

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On Balance: Daily Notes for April 30, 2020

Posted on April 29, 2020 by research

HIGHLIGHTS ● PSEI looks for firm levels at 5470 – 5950 range; ● Asia Markets: Southeast (mostly in green); PH leads; East Asia higher; Japan closed. ● US Federal Reserve decision on interest rates out by 0100H to 0200H PST … Continue reading →

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On Balance: Daily Notes for April 28, 2020

Posted on April 28, 2020 by research

HIGHLIGHTS ● Bank of Japan expands stimulus to ease corporate funding strains and finance  government spending to combat coronavirus pandemic’s impact on the economy;  from JPY7 trillion, the Bank’s maximum corporate bond and CP’s pledged purchases  raised to JPY20 trillion. … Continue reading →

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On Balance: Daily Notes for April 22, 2020

Posted on April 21, 2020 by research

HIGHLIGHTS ● Modified confinement measures post-April 30 favored by some Senators; among  them, Lacson, Angara, Villanueva, Gatchalian; Sotto sees extension if mass testing  coverage not improved ● Demand outlook melts crude prices to negative. The local market ticker was flooded … Continue reading →

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On Balance: Daily Notes for April 21, 2020

Posted on April 20, 2020 by research

MARKET WRAP The local share market spent practically the entire session in  the red except for a 24-point opening bell surge which lasted  no more than 10 minutes. Most of our neighboring bourses in  the Southeast, save for Singapore, finished … Continue reading →

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On Balance: Weekly Notes for April 20, 2020

Posted on April 19, 2020 by research

MARKET WRAP RIDING ON A 700-PTS SURGE IN DJIA FUTURES​, the local market jumped 178.80-points at the get-go, rising above the 5700-line  for the first time in a month. Gains were stretched to more than 200 points inside the first … Continue reading →

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On Balance: Daily Notes for April 16, 2020

Posted on April 16, 2020 by research

By the numbers: ❏ PSEI gains 165.17 points (2.86%), rebound off bottom, 28.6% [17 sessions], average +78 points/day ❏ All sectors in the green led by Holding Firms (3.32%) and Mining & Oil (4.06%); ❏ Total value turnover, php9.0Bn ❏ … Continue reading →

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On Balance: Daily Notes for April 14, 2020

Posted on April 13, 2020 by research

By the numbers: ❏ PSEI gains 100 points on Easter Monday; 55 points at run-off ❏ All sectors in the green ❏ Total value turnover, php5.2Bn ❏ Market breadth +42 (112 – 70 – 44) There wasn’t much fresh leads … Continue reading →

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