The Philippine Stock Market Index closed at 2688.09 last Friday. It is up from 2653.18 last week. Although long term is still uncertain and mostly bearish, the short term is starting to pick up. The 25 day average is up and went past the 75 day average this week. MACD line is going towards positive land, and RSI is also up.
For short term investment (up to about a month), this could be a signal to buy. For intermediate term investing (6 months to a year or two), the best thing to do is buy a balanced mutual fund, or find some good deals by searching the companies you are interested in buying. The same goes with long term investment. The data this end-September is starting to clear out, and will most likely be the data to anticipate.
I believe that most of the listed Philippine companies are very much resilient. I am looking at the Ayalas as usual, and perhaps Jollibee, SM, and Manila Water. Next blog, it will be the fundamentals of the said companies.
Hey, something is cooking on BPI-Trade. You can invest in the Philippine market for as low as P5,000.00. You just have to enroll your account with your branch. I bank online at www.bpiexpressonline.com and I pay most of my bills there. Of course, my advice is to study first before investing. It takes a lot of time to buy the right company, and only seconds to decide not to. That's Buffett. At his simple best.
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