Monthly Archives: March 2022

On Balance: Daily Notes for March 18, 2022

Posted on March 18, 2022 by research

OUR VIEW Trade cautiously. The positive sentiment in the market may continue but uncertainties will remain. Investors welcomed the decision of the Federal Reserve to hike interest rates to manage the inflation in the US. In Asia, stocks are also … Continue reading →

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Bank of Commerce [PSE: BNCOM] IPO Report

Posted on March 17, 2022 by research

OUR TAKE Bank of Commerce [PSE: BNCOM] will offer 280,602,800 shares to the public at P12.00 apiece. Of its estimated net proceeds worth P3,202.4 million: more than 50% will be added to the bank’s loanable funds; about 29% will go … Continue reading →

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On Balance: Daily Notes for March 17, 2022

Posted on March 17, 2022 by research

OUR VIEW Yesterday, the market managed to stay above the 7,000 level but it has been challenging before the last-minute bargain hunting. On a positive note, the overseas markets are mostly in the green, slightly recovering from the losses they … Continue reading →

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On Balance: Daily Notes for March 16, 2022

Posted on March 16, 2022 by research

OUR VIEW Still, continue to trade with caution amid uncertainties coming from offshore, affecting the sentiment in the local bourse. Investors will be waiting for the decision of the Federal Reserve regarding interest rates and its inflation outlook. The Covid-19 … Continue reading →

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On Balance: Daily Notes for March 15, 2022

Posted on March 15, 2022 by research

OUR VIEW Trade cautiously. The market fell below the 7,000 psychological support level amid the ongoing worries over the intensifying Russia-Ukraine tensions. Also, the Covid-19 situation in other Asian countries like China and South Korea which are both reporting a … Continue reading →

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On Balance: Weekly Notes for March 14, 2022

Posted on March 14, 2022 by research

OUR VIEW This week, the local market may continue to test its 7,000 – 7,100 support range as well as its 200- day exponential moving average (EMA). The Russia – Ukraine war and its impact on the global economy, primarily … Continue reading →

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On Balance: Daily Notes for March 11, 2022

Posted on March 11, 2022 by research

OUR VIEW This Friday, the local market is expected to test the validity of its breach of the 7,000 – 7,100 range and of the 200-day exponential moving average (EMA). Accumulate shares if the market holds its position at the … Continue reading →

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On Balance: Daily Notes for March 10, 2022

Posted on March 10, 2022 by research

OUR VIEW Continue to trade with caution after the market failed to return above the 7,000 psychological level. If the market stays below 7,000, the support is pegged at 6,800 level while the resistance is around 7,000-7,100 area. Given the … Continue reading →

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On Balance: Daily Notes for March 09, 2022

Posted on March 8, 2022 by research

OUR VIEW Trade cautiously as worries over higher inflation than the expectation are rising after the global oil prices are on a strong uptrend movement. Many industries are expected to adversely get affected by the surging oil prices starting with … Continue reading →

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On Balance: Daily Notes for March 08, 2022

Posted on March 8, 2022 by research

OUR VIEW This Tuesday, the local market may attempt to get back above its 7,300 support and its 50- day exponential moving average. Sell positions if the market is unable to do so. If the PSEi cannot get back above … Continue reading →

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