The Philippine Stock Exchange (PSE) approved in August 2009 rules to exempt certain stocks from the price trading band or the limit in the increases or decreases of stock prices within the day.
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Will the president GMA be again put into hot seat explaining her undisclosed wealth in houses and stocks?
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For its part, the Philippine Stock Exchange index (PSEi) closed the week lower by 0.55% to 2,782.98 after almost a month of finishing in the green. It was pulled down by profit taking that started Thursday.
The local bourse had closed long before the Friday rally in the US.
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Index analysis for Apr 27-30 [Read more]
The index had a short stint of selling action on the last days of March which brought the index down to the low of 1965 which is the area of the 130 day MA (orange line). The last trading day for that week had the index running a white candle with relatively large volume. On the following week, the index continued where it left off from Apr 3 and continued with its upward movement. [Read more>>]
My personal technical analysis on the local index and selected PSE stocks for Mar 16-20, 2009: PSEi, TUNA, EDC, FGEN [read more]