Why there are so few Filipinos investing in the Philippine Stock Market

June 17, 2008 By dragon Leave a Comment

Today's headlines trumpet a PSE research result release: ABS-cbnnews.com writes Less than 1% of Pinoys invest in stock market, gmanews.tv writes Filipinos shunning stock market trade – PSE, and bworldonline writes Stock Market not attracting Filipinos.  However, none of these articles address poverty as the reason why Filipino population has the lowest proportion of stock market investors.

The study, which was based on client profiles of trading participants, revealed that only 430,681 accounts were being maintained for Filipinos last year.   These accounts represented not even one half of one percent of our total 89 million population," said Francis Lim, PSE president and chief executive officer. If the total, only 103,412 or just a little over one-tenth of one percent of Filipinos were active or involved in at least one trade per year.  Read more... (813 words, 9 images, estimated 3:15 mins reading time)

Filed Under: Stock Market & Finance Tagged With: ,

PSEi 6/13/08 PHILIPPINE STOCK MARKET TECHNICAL ANALYSIS

June 17, 2008 By whipsaw_p6chat Leave a Comment

PRICE AND TURNOVER
Close: 2,554.75
Change: 9.86(0.39%)
Value: 2,719,993,000

MARKET BREADTH
Net Advancing Issues: 15
Net Up Volume: -639,781,870
Net Foreign Buying: -599,240,543

TRENDS
* MAJOR UPTREND | Broken trendline | Corrective wave | Prior support 2034 | Prior resistance 3896
* INTERMEDIATE DOWNTREND | Directional wave | No relevant prior support | Prior resistance 2903
* SHORT TERM PROVISIONAL DOWNTREND | Downswing | No relevant prior support | Prior resistance 2868

CHART WATCH
The local index is in a clear downtrend and there are no indications that the directional tendency is about to change. One should not initiate long positions except for individual stocks that are trending contrary to the broad market.
 

Copyright (c) Whipsaw 2008. All rights reserved. Whipsaw Blog is open by invitation only.  DISCLAIMER. Posts appearing in this blog are solely intended for the study, research, and practical application of technical analysis and do not constitute recommendations or solicitations to invest or trade in specific stock securities. The author does not guarantee the accuracy of the charts and the underlying data  Read more... (172 words, 9 images, estimated 41 secs reading time)

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DJIA 6/13/08 STOCK MARKET TECHNICAL ANALYSIS

June 17, 2008 By whipsaw_p6chat 1 Comment

PRICE AND TURNOVER
Close 12,307.35
Change 165.77 (1.37%)
Volume 846.9M

MARKET BREADTH NYSE
Net Advancing Issues +1534
Net New High -117
Net Up Volume +2,394,880,104

TRENDS
*PROVISIONAL PRIMARY DOWNTREND | Directional wave | Prior support 11634 | Prior resistance 13136
*INTERMEDIATE DOWNTREND | Broken trendline

| Directional wave | Prior Support 11731 | Resistance 13136
*SHORT TERM PROVISIONAL DOWNTREND | Directional wave | Prior support 12076 | Resistance 12610

TECHNICAL ANALYSIS
The inverted hammer which we called attention to yesterday lives up to its name when it is confirmed by today's higher close and higher intraday range. This means the Dow has found buying support at 12076 and could be in the early stage of a correction rally. It is not unreasonable to expect the index to retrace until around 12400 before resuming the downtrend.

   Read more... (197 words, 9 images, estimated 47 secs reading time)

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