AP Securities, Inc.

AP Securities issues 'strong buy' rating on Del Rosario's Phinma Stockbrokerage house AP Securities is starting coverage of the Del Rosario family-led Phinma Corp., an education, construction materials, and real estate conglomerate.

VIEWS FROM THE PEAK: Conglo is the way to go The stock market’s four-month rally has pushed some stocks close to fair value, leaving their parent companies overlooked.

Inflation in September dropped to +1.9%, the lowest print since May 2020. Core inflation also continued to slow to +2.4% from +2.6% in August.

The PSE index closed the day down by 39.75 pts (-0.57%) at 6,944.88 after yet another failed attempt to break above 7,000. The sector subindices all closed in the red, except for the Services sector which was buoyed up by index outperformers CNVRG and BLOOM. The broader All Shares index, on the other hand, slipped lower by 20.09 pts (-0.53%) to close at 3,766.21.

PSE index jumped 101.93 pts (+1.58%) to 6,535.17, led by ALI and SMPH which both surged on last minute buying. All sector subindices ended the day with gains, while the All Shares index rallied by 43.00 pts (+1.22%) to close at 3,563.94.

News Alert!

July headline inflation jumped to 4.4% from 3.7% in June, beating both consensus (+4.1%) and APS (+4.2%) estimates. Higher food and electricity prices drove inflation higher this month..

Read more at www.apsonline.com.ph

The PSE index joined the global rout in equities, plunging by 170.57 pts (-2.58%) to 6,434.73, after weaker-than-expected US employment numbers fuel the narrative that the world’s largest economy could be heading for a hard landing. All sector sub-indices also closed in negative territory, while the broader All Shares shed 80.43 pts (-2.24%) to close at 3,516.47.

The PSEi slumped by 42.87 pts (-0.64%) to 6,660.36, with more than half of all listed names closing in the red. The broader All Shares index likewise declined by 17.56 pts (-0.49%) to close at 3,587.77.

The PSEi closed in the red, declining 76.78 pts (-1.14%) to 6,649.23, with only six names closing in the green. Majority of the sectors except Industrials also posted declines, led by Financials. The broader All Shares index lost 24.77 pts (-0.68%) to close at 3,605.33.

The 30-member PSE index advanced by 55.74 pts (+0.84%) to 6,726.01, with only four names closing in the red. All sectoral counters likewise ended with gains except for Mining, while the broader All Shares index gained 23.29 pts (+0.65%) to close at 3,630.10.

The PSEI managed to end the day in green territory, up by 20.62pts (+0.31%) to 6,687.71. The All Shares Index also ended on a positive note with an increase of 8.69pts (+0.24%) to 3,594.62.

The benchmark PSE index lost 22.28 pts (-0.33%), closing at 6,689.37. The All Shares Index likewise ended in the red, shedding 8.29 pts (-0.23%) to close at 3,585.93.

The PSEI was unable to sustain the gains from the previous two days as it closed at 6,489.35, down by 67.31pts (-1.03%). Investors were more cautious and looked to lock in gains as focus now shifted towards the upcoming US inflation numbers set to be released later this week. The All Shares Index also finished lower by 28.20pts (-0.80%) at 3,510.04.

The PSEI closed the day in the green, up by 36.68pts (+0.56%) to finish at 6,529.43. Increased odds of a fed rate cut by September following softer labor figures, as well as last week’s lower-than-expected PH inflation report, all contributed to investors’ more positive sentiment. As a result, the market closed the day at a net foreign buying position. The All Shares Index also partook in local equities’ gains, posting a 15.43pt improvement (+0.56%) to close at 3,524.42.

The PSE index ended lower by 14.74 pts (-0.23%) at 6,492.75, erasing more than 50 pts of gains, while the broader All Shares edged lower by 6.88 pts (-0.20%) to 3,508.99.

Inflation came in lower than consensus, but within APS estimate of 3.7-3.8% as published in yesterday's Morning Notes. Core inflation remained unchanged from the previous month at +3.1%.

The bechmark PSEi retreated by 39.81 pts (-0.62%) to 6,358.96 while the broader All Shares index shed 16.80 pts (-0.48%) to close at 3,462.67.

The PSEI dipped by 13.14pts (-0.20%) to end the day at 6,398.77, due mainly to investors selling down index constituent GTCAP. Meanwhile, the All Shares Index also dipped by 7.19pts (-0.21%) to close at 3,479.47

The PSE index rallied by 77.47 pts (+1.23%) to 6,390.58, while the All Shares jumped 27.12 pts (+0.79%) to close at 3,477.70.

Our second column with InsiderPH is out. This time, our Research Analyst Joey Cipres gives his take on emerging trends in property and consumer companies exploring growth opportunities outside NCR.

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VIEWS FROM THE PEAK: The Thrilla Beyond Manila More than four years on, and we are still seeing the aftershocks of the changes brought about by the COVID-19 pandemic. Just as people fled the crowded national capital region when the nationwide lockdown was implemented, we now continue to see a shift in demand to regions outside of NCR.

The benchmark PSE advanced by 26.59 pts (=0.42%) to close at 6,299.0, while the broader All shares jumped 33.22 pts (+0.98%) to 3,441.09.

The benchmark PSEi down by 186.08 pts (-2.93%) to close at 6,158.48. The broader All Shares index, on the other hand, dropped by 65.11 pts (-1.89%) to end at 3,375.20.

The benchmark PSEi shed 14.90 pts (-0.23%) to close at 6,368.80, while the broader All Shares index lost 7.21 pts (-0.21%) to end at 3,440.54.

The benchmark PSEi lost 19.24 pts (-0.30%) to close at 6,390.83, while the broader All Shares index slipped by 7.05 pts (-0.20%) to 3,443.00.