But if we were to sum up year to date, on the first trading day of 2015, the index close at 7276 and as of last friday (7.31.15) the index close to 7550. So it means the the PSEi is still on the positive with a 274 plus as of today, and if we look at the picture below, we can see that the index is still much within the uptrend line of 9 years bull run !
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PSEi chart : 2009 - midyear of 2015 |
Nice to see, the over all picture... thus erasing doubts that the bull runs out of steam and now relinquishing the lead to the bear.
Thus this means the this is now the opportune time to buy cheap stocks and accumulate blue chips on a bargain ? But nothing is sure in the market... With so many negative economic worries on international scene, the good part is that our economy is in an auto pilot gear toward progress thanks to GMA for laying those solid economic policies, she is truly a very good economic president.
If you still have money to invest, don't rely on rumors...
Here are some tips from the COL expert...
COL stock picks are CEB, MBT, SMPH, FLI, ALI, FGEN AND AC.
April Lee is one of my favorite Stock Analyst, the other one is Jun Calaycay of Philstock.
So far as I can see, there is still more to be optimist for the rest of the year. We all hope that the GDP statistics that will be out in any day now will bring cheers to the gloomy trading. Also the presidential election next year will bring more money in circulation that will surely give rise to more economic activities. More economic activities will translate to higher GDP.
Next blog, we will see how the PSEi pares on an election year, specially during presidential election.
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