Monthly Archives: July 2020

On Balance: Weekly Notes for July 20, 2020

Posted on July 20, 2020 by research

OUR VIEW FOR THE WEEK Trade cautiously as the local bourse is seen to retest the 6,100 level and the 50-day EMA this week. The local market has shown further signs of faltering as it closed last week below two … Continue reading →

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On Balance: Daily Notes for July 17, 2020

Posted on July 16, 2020 by research

OUR VIEW Trade cautiously after we see a rebound at psychological support of 6,000 level. Yesterday’s bounce, however, recorded lower value flows than value turnover on Wednesday’s decline, implying that sellers are more aggressive than buyers. Remittance in April contracted … Continue reading →

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On Balance: Daily Notes for July 16, 2020

Posted on July 16, 2020 by research

OUR VIEW Cautiously hunt for bargain after the government still placed Metro Manila under General Community Quarantine, But negative sentiment will remain as the palace warned of stricter rules after two weeks if the spread of Covid-19 would not be … Continue reading →

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On Balance: Daily Notes for July 15, 2020

Posted on July 14, 2020 by research

OUR VIEW Trade cautiously amid weakening momentum due to lack of strong catalyst. Investors will be waiting for the new quarantine guideline which is uncertain given the growing number of Covid-19 cases and weakening economy due to lower demand and … Continue reading →

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On Balance: Daily Notes for July 14, 2020

Posted on July 13, 2020 by research

OUR VIEW Trade cautiously since investors are waiting for the decision of the government on community quarantine, while Covid-19 cases is still increasing. Overseas, positive sentiment could spill over as most equity markets shrugged off the coronavirus fears. The market … Continue reading →

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On Balance: Weekly Notes for July 13, 2020

Posted on July 13, 2020 by research

OUR VIEW FOR THE WEEK Book profits this week as political risks are seen to further dampen the already COVID-19 stricken market sentiment. The local market is seen to have a downward bias as local Coronavirus cases climb at an … Continue reading →

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On Balance: Daily Notes for July 10, 2020

Posted on July 9, 2020 by research

OUR VIEW Take a position if the market returns above the 20-day exponential moving average (EMA) or rebounds on the 50-day EMA. But be cautious at the same time, given the negative sentiment brought by the mounting Covid-19 cases at … Continue reading →

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On Balance: Daily Notes for July 9, 2020

Posted on July 8, 2020 by research

OUR VIEW Trade within 6,000 and 6,580 levels. Lack of strong catalyst amid rising cases of Covid-19 in the Philippines to lead the market in sideways movement. Investors are also bracing themselves for the second quarter results, although it is … Continue reading →

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On Balance: Daily Notes for July 8, 2020

Posted on July 7, 2020 by research

OUR VIEW Trade cautiously amid the mounting Covid-19 cases in the country which we expect to bring negative sentiment further. Money supply grew quicker by 16.6% y/y, vs. 16.2% in April. However, slower expansion in bank lending was also recorded. … Continue reading →

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On Balance: Daily Notes for July 7, 2020

Posted on July 6, 2020 by research

OUR VIEW Buy on dips as we expect a rebound after the market ended lower yesterday, while investors await June inflation rate data today. The benign inflation outlook could spur optimism, look for consumer stocks since this sector will benefit … Continue reading →

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