Stock feature: Polar opposites- SCC's new highs vs. PAX's new lows

Each a member of a Philippine sunrise industry, one leaps forward while the other keeps losing ground. The numbers that tell the stories of Semirara Mining Corporation and the BPO firm Paxys are total opposites.

SCC's gain over 260%
The first time I took notice of this stock was when it was trading for about Php19-20/sh. Seeing as SCC just recently broke Php58/sh, for a 52 week high when it was only at Php16/sh about a year ago, I'm kicking myself for not having bought in earlier.

Outdoing the PSEi/Phisix
The significance of these new gains come from the timing. While indeed we are experiencing some form of a mining renaissance in the Philippines, our stock market as a whole is not having a good start to the year. SCC is moving against the flow and outdoing our main index by a long shot. Heavy favorites like PX and GEO cannot lay claim to the same success at this point in time.

Consolidation and support retests
Our index is believed to be consolidating between the 2900 and 3900 levels. Right now, we are close to the low end of that range. The market's last close was 3179, stuck within what technical analysts like to call a support retest. A second successful test of support is believed to be a sign of a possible good rally and a go signal to position short.

PAX loss of 89%
PAX on the other hand had a high of 30 about a year ago but has just found itself a new low at 3.15. Paxys has long been in trouble having been hit by a one two punch. The first hit came from the new billing methodology of its clients that reduced their dollar denominated revenues. The second hit came from the fall of the dollar, weakening their earnings from a Philippine standpoint.

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