This stock is “highly probable” to be included in PSEi next month

Stock report by: First Metro Securities
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The Philippine Stock Exchange (PSE) is set to announce the results of the regular review of the PSEi on the first week of August 2022. Based on our estimates, Semirara Mining and Power Corp. (SCC) could be included in the PSEi.

At the same time, investors/ bargain hunters are recommended to take advantage of Security Bank Corp. (SECB)’s expected deletion.

Given the high probability SECB will be excluded in the PSEi, investors/bargain hunters are recommended to buy the expected dip on the day of the announcement of the counter’s deletion in the index. After which, set Stop Limit orders at 5-7% below average cost and set take profit level at least 12-15% above average cost.

Bargain hunters can also make use of SECB’s support areas (P88.00/P80.00) as possible accumulation levels. Resistance levels are around P100.00/P112.00.

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First Metro Securities

First Metro Securities

First Metro Securities Brokerage Corp. (FMS) is a stock brokerage company backed by the strength and stability of Metrobank, one of the Philippines’ largest universal banks, and First Metro Investment Corp. (FMIC), the leading investment bank in the Philippines. Learn more about them here.
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