90 point drop is really the reason worry. Network for selling foreign was 661 million which is the sum of Php to ponder. The largest foreign selling looked in AGI and AP. These are stocks that had more than doubled through most of 2010, so that opportunistic investors likely join while still too soon.
People are probably a variety of Atomic, perhaps even contradictory stimuli. Sales of some of the words were the 2011 inflation forecast by UBS Economist Filipino in response to higher than last year's full consent. Other unemployment numbers were attributed to be released in the disappointing last Friday. You can find these reasons opposing because the dollar was strengthening against the currencies of Asia recently signs were that the US economy was getting stretch given the recent series of economic indicators released by government agencies. A statistics are released every week, in my opinion, the trend is more important than the figure of one week.
There were similar fears about sovereign debt situation in Europe at the European Central Bank said that Portugal to bail-out package is quick. Euro down against the dollar. In fact, I expect down the road, weak countries be kicked out of the common currency. I also remember this time last year, the first came out with Greece's financial crisis, and still look at our market brought a year later. Export-billed account Europe only 12% of total exports, compared with close to 60% with our partners ASEAN trade, Asia, and therefore I do not see the big deal about Portugal.
What is clear is that all the reasons to cancel sale were not all that's family. Of course, questions about growing the revenue would come reflected; But with a good number of the stock market is clouding the son, not broad skepticism seems to be warranted. If you look at the DMC and NIKL, are down only slightly, people are raising them lower prices. There is also support for something-like ORE.
If revenue growth are causing anxiety, telecom industry huete significant; But we still expect a growth of 5%. Power sector will be a steady growth in GDP growth, which was expected to be lower in 2011. Not really much of a panic.
The financial sector which was big banks – are, BPI MBT-above 1% reduction. Companies save I also saw significant declines also may be an opportunity to buy.
The big question is will be emotion or the schemes that will determine where he goes to market. Like the fundamentalist-, I will go with the companies that continue to ensure full growth. This means that I am still going with the likes of MPI, KEEP, JGS, VLL, Ofra, NIKL, and so on. Be careful though because I think the threat of an index is down below 4000 is very real. It's time to test your nerves.
11 January 2011-posted by Gus Cosio | To be the first such post.
No comments:
Post a Comment