ending in the green at +1.69 for the PSE

A few surprises this week... PSE still up, Clinton stays in the race, BIR collects higher than expected taxes (+12.6% 1Q08), a "fusion man" flies over the alps.

The PHILIPPINES STOCK EXCHANGE INDEX managed to end the week with a record of eight successive days of gains. Trading volume today (Friday - May 16, 2008) was at Php3.38B. Even though the rally lasted eight days, it looked rather weak to me. If it won't continue through the next week or speed up, I will become even more bearish.

Earnings reports for 1Q08 income as against last year's were mixed. Here's a few:

MBT income down 16%
SECB up 10.3%
FPH down 79%
RLC up 19.8%
ABS down 13.6%

Comments

sneaky-ewok said…
Hi! May i quote you on a situation analysis report i'm doing? is your data accurate? --meianne
May 20, 2008 at 12:11 PM
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