First Metro Asset Management Inc

HOW MUCH MORE CAN BE SQUEEZED?

9:15 am   Friday   28 August 2009   Philippine Stock Exchange Index – 2881.40 (Thursday close)

Philippine GDP rose 1.5 percent in 2Q09 from a year earlier.  A good portion of this figure was accounted for by consumer spending which many economists attribute to OFW remittances.  Read more

EXCUSE ME WHILE I TOUCH THE SKY

6:40pm  Wednesday   26 August 2009   Philippine Stock Market Index    2863.53   (+0.19%)

When you are trading the markets, everyday should be seen as a new day.  This is why all professional traders mark their positions to market daily.  When I was working in an international securities trading firm, our boss always said that he wanted to know the firm’s losses everyday.   Read more

WHAT’S THE CHALLENGE?

10:20 Tuesday    25 August 2009  Philippine Stock Exchange Index  2864.01 (in the middle of trading session)

Frankly, I have never seen a single day rally of the magnitude that we saw Monday in the Philippine stock market ever.  This was a 5.11% rally where Read more

“THE WORST IS OVER”, FIRST METRO SAYS

In the July 2009 edition of Market Call July 2009, First Metro indicated that “green shoots” are becoming more visible in the Philippine economy.  The Market Call is a monthly publication, produced jointly by First Metro Investment Corporation and the University of Asia and the Pacific. Read more

SILVER PLATTERS AND SILVER LINING

8:30am   Monday  24 August 2009   Philippine Stock Exchange Index  2720.18 (Thursday close)

Positive growth in Japan, Germany and France. Existing home sales in the U.S. up 7.2% in July – its fourth consecutive months.  Central bankers from around the world gathered in Jackson Hole, Wyoming expressing confidence that the worst of the financial crisis was over and that a global economic recovery was beginning to take shape. Read more

ARE PROSPECTS PROFITS?

9:30 Thursday  20 August 2009  Philippine Stock Exchange Index   2760.89 (pre-open level )

Unlike the previous day when the market opened weak but closed stronger, trades on Wednesday opened with a surge in prices of the popular front liners.  However, as the day wore on, people started to take profits which either limited their upside and some issues like AC, GLO and MER even closing lower than the open.  Read more

NET ASSET VALUE PER SHARE1

As of August 20, 2009

Save & Learn EQUITY FUND = 1.7781
Save & Learn FIXED INCOME FUND = 1.2942
Save & Learn BALANCED FUND = 1.0605
Save & Learn MONEY MARKET FUND = 1.0096

Read more

DRIFTING AND DOLDRUMS

2pm  Tuesday   18 August 2009   Philippine Stock exchange Index  2731.55  (-1.43%)

If one did not have a longer time horizon, the last 2 trading days would have chased the uninitiated out of this market.  Putting things in perspective, the index hit a high of 2873 on Wednesday – the 12th – then saw a low today at 2693; that is a 6.3% range from the high.  Read more

WHAT DO MARKETS AND SKYROCKETS HAVE IN COMMON?

9am  Tuesday 18 August 2009  Philippine stock Exchange Index  2771.18 ( Monday close down 2.77%)

Yesterday, we saw the biggest decline in prices since this rally started.  There were ten stocks down for every stock that gained.  The was a real blood bath, and some players would probably be running scared.  The sell off was triggered by overseas sentiment.  The Shanghai Composite took it in the chin with the index down 5.79%. Read more

IS A SAVINGS PROGRAM RIGHT FOR YOU?

Click on this link to take a short, interactive assessment.  

Is a Savings Program Right for You?

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First Metro Asset Management Inc