Philippine markets remain strongly bought with laggards catching up this week ending Jan 11 2019. Total net foreign buying year to date is P5.68 Bil pesos with a 7 day continuous streak of foreign buying. A string of good data particularly inflation peaking last year has helped tame the worries of foreign flows.
Philippine peso manages to be gaining week on week hitting a close of 52.11 versus a 52.49 close.
7 straight days of non-stop foreign buying in Ayala Land. In particular, the foreigners have bought ALI,SMPH,AC,SM,JFC,PGOLD,JGS,MBT for the year. This has resulted in the following gains where PGOLD and JGS resulted into a 14% gain respectively. Please see screenshots below. AC ALI AEV SECB JFC SM SMPH both gave 9–10% gains in just 2 weeks of the year. Impressive gains.
ALI and PGOLD capture one of the highest foreign buys of the land in the first 2 weeks of the year. It looks to be the favorite 2019 index stocks of the year.
Smallcap Volume Breakouts:
$DMW Gets a strong breakout.
Personal Small Cap Picks. #1 Philex Mining is the best year to date gainer so far followed by PHEN,ABA,DD,LPZ.
Top Value Traded Amongst Non index with strong price action:
BLOOM PHEN CHP DD LPZ PX. ABA IMI PLC. More than 100M peso total value for the week.
A joyous and prosperous 2019 for all of us.
