PSEi continuosly moving on a down trend in past 3 consecutive trading days. The support is now at 7500 level, if broken

will cause a further decline and red territory. Foreigners are net sellers liquidating  246 million worth of shares. Most

sectors on a red territory, service and holding firms are the most affected segment.

 

Market News

X – Prepares for IPO of subsidiary Xeleb Technologies Inc.

VLL – Allocates 2.2 PHP Billion for Boracay Resort.

MWC – Signed 450 PHP Million loan with PNB.

Shell – Trim IPO Shares to 291 PHP Million worth of shares. IPO price from 90 to 64 –  70  range.

Dividends :

Stock     Dividend          Amount        Ex- Date

SMC      Cash               0.35 PHP         Oct.  4

STR       Cash               0.0215 PHP     Oct.  6

IPO        Cash               0.06  PHP        Oct. 10

VLL       Cash                0.1185 PHP      Oct. 10

STI        Cash                 0.02 PHP         Oct. 11

MWC     Cash                0.4167 PHP      Oct. 12

 

Rec0mmended Stocks Strategy:

UBP – BUY @ 72.20

RCB – SELL @ 36.95

AP – BUY @ 45.44

MWIDE- HOLD

 

“PAM RICH FRIENDS”