PSEI
The week started with the Index reaching all time highs at 7262.38 to 7392.2. Most have already disclosed their corporate earnings, providing legitimacy to the strength of the Index. However, with no other catalyst seen in the near future and with the start of the boring months (May to August), many took this opportunity to take profits.
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WEB
The Mokong unloaded half as WEB may have entered consolidation.
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LPZ
The Mokong had to cut-loss LPZ since both horizontal and uptrend supports were breached.
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PF
The Mokong unloaded half of its position in PF due to uncertainty brought about by the news that SMC may be selling a portion of its stake in PF to support expansion in its other businesses. The last time SMC sold PF shares was at Php240/share to comply with the required public float.
HI
The Mokong took some profits in HI; still holding more than half.
FLI
The Mokong unloaded all of his FLI after the Index showed weakness. But as the week progressed, FLI bucked the trend of the Index closing at Php 2.22/share. #congratstoholders
FLI
The Mokong unloaded all of his FLI after the Index showed weakness. But as the week progressed, FLI bucked the trend of the Index closing at Php 2.22/share. #congratstoholders
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PIP
The Mokong bought a small portion of PIP due to its inclusion in the Small Caps category of the MSCI. The stock has been consolidating since the start of this year and with this MSCI inclusion together with strong consumer sentiment, the stock would hopefully break its slumber.
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The Mokong bought a small position in case the stock bounces from its horizontal and uptrend support.
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