Stock Picks for the week (Oct 21-25, 2024) by First Metro Securities
Our stock picks for the week
Technicals Talk: Ayala Land, Inc. (ALI) – 23 Oct 2024 by Regina Capital Development Corp.
ALI closed just below its 9-MA at 35.80 (-0.56%).
PSE Market Outlook (23 Oct 2024) by Regina Capital Development Corp.
The PSEI closed at 7,413.16 (+0.09%), exhibiting a sideways trend.
PSE Market Outlook (23 Oct 2024) by 2TradeAsia
Another subdued session is seen, as participants’ attention is swayed by developments on the typhoon within the area of Philippine responsibility.
PSE Market Outlook (22 Oct 2024) by 2TradeAsia
Subdued sessions may continue, as some investors check on momentum improvement prior to positioning.
PSE Market Outlook (21 Oct 2024) by First Metro Securities
The PSEi rose by 1.44% w/w, closing at 7415.73 (+105.41pts).
PSE Market Outlook (21 Oct 2024) by 2TradeAsia
Sentiment could sway to optimism in the region, following latest steps taken by China to boost growth in its economy.
Technicals Talk: Converge Information and Communications Technology Solutions, Inc. (CNVRG) – 18 Oct 2024 by Regina Capital Development Corp.
CNVRG closed above key resistance at 17.26/sh, riding an uptrend above all moving averages.
Technicals Talk: BDO Unibank (BDO) – 18 Oct 2024 by Regina Capital Development Corp.
BDO reflected a +0.31% intraday, with movement between 162.00 and 163.00.
Technicals Talk: PLDT Inc. (TEL) – 18 Oct 2024 by Regina Capital Development Corp.
TEL closed just above its 100-MA support level at 1,490.00.
Technicals Talk: GT Capital Holdings, Inc. (GTCAP) – 18 Oct 2024 by Regina Capital Development Corp.
GTCAP is continuing its sideways drift above the 50-MA, closing at -1.27% intraday.
PSE Market Outlook (18 Oct 2024) by Regina Capital Development Corp.
The PSEI closed at 7,400.33, down -0.49%, exhibiting a sideways trend.
PSE Market Outlook (18 Oct 2024) by 2TradeAsia
Similar trading pattern is seen, with local gauges touching intra-day highs and some investors seizing on this strength to profit-take.
PSE Market Outlook (17 Oct 2024) by 2TradeAsia
Market participants might cheer BSP’s move to lower its benchmark rate by 25bps to 6%, supporting expectations for reduced borrowing costs for the remainder this year.
FREE Stock in Focus: MREIT, Inc. (MREIT) – 17 Oct 2024 by AP Securities
Our recommendation and 1-year Target Price for this stock is
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