Just 3 days this week. Bitin ba? A few stocks who rallied last week are now either selling or consolidating. Some are still rallying. Could this be a selloff signal? I hope not.
ECP whose been very active for the past couple of week are now down by almost 40%.
A few stocks continue to rise up and registered new 52 week highs like EDC, BLOOM, SMC and MWIDE.
Speaking of MWIDE. This stock has been rising steadily week per week. Rallied by as much as 27% since March 3rd. Is sky really is the limit for this stock?
We’ve been on foreign buying mode since April 3. Are foreign investors coming back?
Other Notable news of the week:
- SSI Group FY2016 Revenues Increase 6% to P18.4B, with Core Recurring 4Q Income Increasing 66% to P186 million
- APX Consolidated net income for 2016 at P322.0 million, higher by
351% from 2015 - World Bank Says Philippines to Remain Top Performer in East Asia
- MRC Allied widens net loss to P65.8 million
- NIKL’s Estimated Value of Shipments Jumps 47% In First Quarter 2017
