The PSE market have a good head start during early trading and managed to break out from its short term consolidation closing at 1.62% with intraday high passing 1.7%. A slew of good news yesterday provided the needed catalyst to move high for today. The government finally lifted Alert level 4 in Metro Manila from October 16-31, 2021, going to much less stringent Alert level 3 as the IATF accepted the proposal. In addition the daily covid cases seem to drop more significantly to 7,000 level its first time in months after going as high as 20,000 daily cases.

The index closed at 7,183.11 with a net foreign buying of 191.1Million.

For the Blue chips index, the gaming sector led the group, BLOOM gaining as much as 7.08%. Losers led by ACEN (-3.74%) as profit taking continued.

Gainers	Losers
1BLOOM7.08%	1ACEN-3.47%
2JFC6.39%	2ICT-3.09%
3RRHI5.88%	3BDO-1.77%
4GLO4.75%	4RLC-0.50%
5GTCAP4.18%	5TEL-0.18%
6SECB3.65%
7AC3.02%
8AP2.83%
9JGS2.76%
10LTG2.57%
11SM2.56%
12ALI2.51%
13MPI2.08%
14MER2.08%
15SMPH1.96%
16PGOLD1.90%
17WLCON1.75%
18URC1.69%

Index sector showed that Holding (2.28%) and Property (2.00%) companies are the gainers of the day .

Metro Manila transitions to Alert Level 3 by October 16

Alert level for Metro Manila lowered as per press briefing done yesterday by Spokesperson Harry Roque.  The Palace placed Metro Manila’s alert level to 3 (from 4) from 16-31 Oct.  The downgraded alert level allows restaurants to accept customers at 30% capacity & up to 40% if they have a government-issued Safety Seal. This have resulted to optimism in the market as more businesses would soon be open.

The same applies to facilities that have enclose areas like those in barbershops and salons.  Gyms, tourist attractions, libraries, museums, casinos, cockfighting, concerts, parties, receptions, family reunions are allowed at 30% venue capacity & up to 40% for those with Safety Seal. This would be good for the economy.

Recent SM Prime Holdings (SMPH) disclosure stated that they will be going to open a new Mall (SM CITY DATE) on Friday, October 15^th. It is the first mall in the Province of Camarines Norte, and the SM Prime Holdings, Inc is one of the excellent leading company in SEA (Southeast Asia). On the other side they also have a third mall in the Bicol Region, going to add over 47, 000 sqm. SM Prime remains committed to its role as a catalyst for economic growth, delivering innovative and sustainable lifestyle cities.

SM Prime President. Jeffrey C. Lim said that,

It established along the bustling Vinzons Avenu in Brgy. Lag-on, SM city Daet. It composes three different levels of shopping, dining and entertainment purpose that are set to bring new flavors and colors in its Region. He also stated that “The opening of SM City Daet marks another milestone for SM Prime as we continue to weather the impact of the COVID-19 pandemic. We hope that the opening of this mall, with safety protocols in place, will provide convenience, comfort and entertainment to our fellow Bicolanos in Camarines Norte”.

Of course, there will also SM Foodcourt, Cyberzone, sports, shops to buy daily supplies. Parking space will be going to provide for the different types of vehicles to be safe and rest-assured. IATF approved that SM Cinema will be open to the public as long as the safety protocols are implementing.

It will open with more than 70% of space, house local and international brands such as SM Store, SM Supermarket, SM appliance, Miniso, Watsons, BDO and so forth so on.