Breather in Philippine Stock Exodus Doesn’t Mean Worst Is Over

“Most markets have taken a beating so it’s very difficult to make the Philippines stand out because everything else is attractive,” said Bharat Joshi, a fund manager at Aberdeen Standard Investments. “The story is still good, but valuation has to be taken into context given the headwinds ahead.” The Philippine Stock Exchange Index has become one of the world’s worst-performing equity indexes this year amid a sinking peso, rising inflation and economic growth that’s slowed to a three-year low. With the U.S. expansion on a strong path and the Federal Reserve raising rates, foreign outflows from the Philippines may continue after the market lured money in eight of the last 10 years, Joshi said. Read More @ https://www.bloomberg.com//news/articles/2018-11-04/breather-in-philippine-stock-exodus-doesn-t-mean-worst-is-over?srnd=markets-vp

When such news comes we see opportunities all over Philippines and not the other way around – but I agree that – The Philippine Stock Exchange Index has become one of the world’s worst-performing equity indexes this year amid a sinking peso, rising inflation and economic growth that’s slowed to a three-year low. With the U.S. expansion on a strong path and the Federal Reserve raising rates, foreign outflows from the Philippines may continue after the market lured money in eight of the last 10 years; we expect more great changes ahead with the new administration. Peso will continue its fall as the FED prepares for more rate hikes ahead.

TECHNICAL CHARTS AS OF FRIDAY

The Pullback of the Index from Jan Low could be just temporary before the next fall of the PSEi; be cautious and stay “PESO AVERAGING APPROACH” – don’t rush and get caught at the high. High Profile traders could be setting a trap for amateur investors to get and get caught.

We will focus only the PSEi 30 for now. Join our Monday – HOW TO START TRADING THE PHILIPPINE STOCK EXCHANGE? FROM 8-9PM Hong Long Time – use this link to register – https://attendee.gotowebinar.com/register/3478265846537190156

High Risk Investment Warning:

Please note that Forex and other leveraged trading involves significant risk of loss, It is not suitable for all traders and you should make sure you understand the risks involved, it is recommended that you seek an independent advice, if necessary.

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