First Metro Asset Management Inc

POKER OR CRAPS? I CHOOSE POKER.

4:00pm   Tuesday    30 June 2009    PSEi 2437.99 (-1.218%) PHP/$  48.13

To say that the Philippine stock market declined by 30.06 points today would not be accurate at all.  The market opened strong moving up 14 points from yesterday’s close taking its cue from the strong Wall Street performance. Read more

SAVE & LEARN EQUITY FUND OUTPERFORMS ALL

From the time the fund was launched in October 12, 2005 to the present, the Save & Learn Equity Fund (SALEF) has consistently outperformed all the equity mutual funds in the Philippine mutual fund industry.  This is testament to FAMI’s capability to create value not just during the good times, but at all times. Read more

FIRST METRO VIEWS LOWERING OF INFLATION

In its latest publication of The Market Call, First Metro Investment Corp. (FMIC) indicated its view that inflation is expected to decelerate to just 0.2 percent in July, 2009. Read more

LET’S BEAT IT, JUST BEAT IT…

6:00pm   Monday   29 June 2009    PSEi  –  2468.05 (-0.378%)

As expected, there was nothing to drive prices higher.  The market is very rational at this point.  The stocks that moved a tick higher were those that are in the lower region of their trading range.  Those that have become expensive Read more

RESISTANCE? PERHAPS, PATIENCE…

7:00am   Monday   June 29, 2009

Since it is the start of the week, let us review Philippine stock market action over the last 2 weeks and put things in perspective.  This market peaked on Monday, June 16 with the PSEi hitting an intra-day high of 2626 and closed the Read more

KNOCK, KNOCK!

4:00pm   Thursday   June 25, 2009   PSEi  2467.56 (+2.14%)     PHP/US$ 48.20

I was away yesterday to do some personal errands.  When I came home and checked the PSE website in the afternoon, I saw that the market had rebounded 45 points, although it did not impress me because it lacked volume. Read more

BAD NEWS BEARS, BUT…

12:15 pm    Tuesday    June 23, 2009     PSEi  –  2370.06 (-1.73%)

Philippine stocks are down almost 42 points today, but somehow, it does not bother me much.  Maybe it’s because I am still a buyer at this point.  Like many skeptics, I did not fully commit myself to the rally thinking that there would Read more

BAD NEWS BEARS

9:15am   Tuesday   June 23, 2009 ( the Philippine Stock Exchange has not yet opened)

More on Philippine stocks as gloomy news abound overnight in the U.S.  There are more Americans out of work today than there has ever been in the last 25 years with the unemployment rate at 9.4%.  That’s not the gloom yet. Read more

MINE EYES HAVE SEEN…

6:30pm    Monday June 22, 2009    PSEi – 2411.88     PHP/$  – 48.47

I think what is most revealing in today’s trading in Philippine stocks is the absence of volume.  Over the last couple of weeks, we were trading anywhere from 3 to 4 billion.  A bad day was 2.5 billion in volume recently.  So we ended up Read more

THE SUM GREATER THAN ITS PARTS? REALLY?

12:07 am   Friday   June 19, 2009   PSEi – 2434.26   US$/PHP 48.50

Yesterday, Philippine stocks was again lower.  That makes it 3 consecutive down days and a total of 178.59 since Monday.  Don’t let the numbers deceive you because at one point during the session, the market was up 27 points.  Read more

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First Metro Asset Management Inc