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The PSE market continued its Bullish movement for the third day, moving by as much as 5% consecutively. The index did reach more than 2% today but profit taking took place before the pre-closing period of the market. All major indices are moving up with the Banks sector leading the group movements.

PSEI Index closed at 7,045.48

It seems the market is pricing the lower than expected inflation rate in the US as announced from the past few days. US inflation is at 6.5% last December.

The Philippines forecast inflation for year 2023 is 5-5.2% which indicates that likely the inflation have peaked last December.

Philippine exchange rate for the day is also going strong after US dollar weakens to  54.53php/dollar.

The index closed at 7,045.48 level and still with a net foreign buying of +1.08 Billion pesos marking the start of the BULL RUN of Philippine equity index since its low of 5,700 level since October of last year.

For the blue chip stocks SM (4.30%), BDO(+5.46%) and AC (+3.92%) led the winners while losers’ were led by CNVRG (-7.92%) and WLCON (-4.98%). CNVRG was gaining prior pre-close but pulled down due to profit taking.

Finance dominated the market with 2.80% gain together with Holding at +2.43%.


  1. BDO                     5.46%
  2. SM                       4.30%
  3. AC                        3.92%
  4. GTCAP                 3.66%
  5. AGI                      3.47%
  6. AP                        3.42%
  7. MONDE              3.18%
  8. SMC                     2.87%
  9. BPI                       2.18%
  10. ALI                       1.94%
  11. LTG                      1.53%
  12. MPI                      1.52%
  13. TEL                       1.42%
  14. JFC                       1.22%
  15. ICT                       0.96%


  1. CNVRG                -7.92%
  2. WLCON               -4.98%
  3. SCC                      -3.59%
  4. URC                     -3.47%
  5. JGS                       -2.48%
  6. AEV                     -1.09%
  7. MEG                    -0.92%
  8. ACEN                  -0.84%
  9. MBT                    -0.76%
  10. SMPH                  -0.53%
  11. RLC                      -0.27%

In ASIAN market majority are in upward movement as well, reflecting the good sentiment from US and Europe markets yesterday. Dow jones was up by 0.33%, Nasdaq 0.71% and S&P500 by 0.40%

US and ASIAN Indices Performance:

SymbolNameLast PriceChange% Change
^GSPCS&P 5003,999.0915.920.40%
^DJIDow 3034,302.61112.610.33%
^NYANYSE COMPOSITE (DJ)15,918.3758.870.37%
^BUK100PCboe UK 100785.424.210.54%
^RUTRussell 20001,887.0310.970.58%
^VIXCBOE Volatility Index18.35-0.48-2.55%
^FTSEFTSE 1007,844.0750.030.64%
^FCHICAC 407,023.5047.820.69%
^STOXX50EESTX 50 PR.EUR4,150.8024.120.58%
^N100Euronext 100 Index1,326.908.370.63%
^BFXBEL 203,940.3221.740.55%
IMOEX.MEMOEX Russia Index2,222.51-4.14-0.19%
^N225Nikkei 22525,817.65-301.87-1.16%
^HSIHANG SENG INDEX21,896.62157.960.73%
000001.SSSSE Composite Index3,241.3546.041.44%
399001.SZShenzhen Index11,847.21244.912.11%
^STISTI Index3,287.56-6.19-0.19%
^AXJOS&P/ASX 2007,383.0054.90.75%
^AORDALL ORDINARIES7,598.5058.40.77%
^BSESNS&P BSE SENSEX60,366.58105.40.17%
^JKSEJakarta Composite Index6,652.4910.660.16%
^KLSEFTSE Bursa Malaysia KLCI1,489.92-5.11-0.34%
^NZ50S&P/NZX 50 INDEX GROSS11,811.2456.80.48%
^KS11KOSPI Composite Index2,404.4118.320.77%
^TWIITSEC weighted index14,910.2886.150.58%

Source: Yahoo Finance.

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Joey is the founder of a Philippine Stock Market Youtube channel and also known as “Palaboy Trader”. He does daily review of Trending stocks and teaches basics of Investing and trading. He has the aim to educate Filipinos to be financially independent He is also is an Overseas Filipino Worker Currently working in a Multinational Company in Malaysia

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