Monthly Archives: August 2021

On Balance: Daily Notes for August 05, 2021

Posted on August 4, 2021 by research

OUR VIEW Trade cautiously as the market nears the 6,600 resistance level. On a positive note, foreigners still supported the rally with a net inflow amounting to P327 Mn for three consecutive days, however, the trend was declining. For today, … Continue reading →

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On Balance: Daily Notes for August 04, 2021

Posted on August 3, 2021 by research

OUR VIEW In the short-run, traders may take some gains as the PSEi is near its resistance level of 6,600 with still no conviction in the market. The increasing number of Covid-19 cases, primarily caused by the Delta variant remains … Continue reading →

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On Balance: Daily Notes for August 03, 2021

Posted on August 2, 2021 by research

OUR VIEW Short-term trading range is from 6,150 to 6,600 levels. We expect a sideways movement with a downward bias for this day given the weak rally yesterday. Investors bargain hunt to take advantage of the steep decline last Friday. … Continue reading →

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On Balance: Weekly Notes for August 02, 2021

Posted on August 2, 2021 by research

OUR VIEW FOR THE WEEK Sell positions this week as the local market is still seen to move with a downward bias. This is as investors price in the economic losses brought by the tightening of restrictions in the National … Continue reading →

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