Traders' Takedown

Local shares took their cue from a global equities slump after markets reacted to global central banks raising benchmark rates to fight off inflation.

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Chart of the Day: PLDT Inc. (TEL)

Feature of the Week: International Container Terminal Services, Inc. (ICT)

Despite a surprise in November inflation data, the PSEi managed to eke out gains to close the week in the green but still below its 200-D MA. All eyes will be on the Bangko Sentral next week as investors await the Monetary Boards decision on an expected rate hike.

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Chart of the Day: Philippine Stock Exchange Index (PSEi)

Feature of the Week: Emperador Inc. (EMI)

The PSEi snapped its 6-week rise after trading above its 200-day moving average mid-week. With the pullback, investors must remain cautious as technical indicators still point to overbought conditions as we head into the 11th hour of the year.

In this episode of The Overview, consumer analyst Ben Guinto shares his report on household favorite Jollibee Foods Corp. and why he is bullish on the fast-food giant.

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Chart of the Day: Bank of the Philippine Islands (BPI)

Feature of the Week: International Container Terminal Services, Inc. (ICT)

Local shares inched up for the 6th straight week though RSI indicators signal that we are at overbought levels. The index rally was broad based as volumes remain strong while foreign portfolios maintain healthy net inflows.

In this episode of The Overview, utilities analyst Kristel Parungao shares her thoughts on the country’s leading provider of renewable energy - Aboitiz Power which she views as a straightforward proxy for the Philippine power sector.

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Chart of the Day: Aboitiz Power (AP)

Feature of the Week: Philippine Peso