EQUITY MARKET Markets and Securities Regulation Department
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PHILIPPINE CAPITAL MARKET AT A GLANCE EQUITY MARKET Markets and Securities Regulation Department 15 September 2020, Tuesday COMPOSITE & SECTOR INDICES The local stock barometer successfully hovered above the 6,000 level on Tuesday, tracking gains across global markets, as investors continued to gain optimism that the economy’s recovery as of market close is picking up pace. Markets are also awaiting the Federal Reserve’s policy meeting on Wednes- day to further gauge the outlook for markets. The PSE index closed at its intraday high of 6,018.21, HIGH: 6,018.21 up by 0.35% or 21.07 points after making a low of 5,947.85 during the day. 6,018.21 OPEN: PREV.CLOSE: 5,989.44 5,997.14 LOW: 5,947.85 Most sector indices closed higher, posting increases of less than 1%. The Holding Firms sector gained the most after adding 0.99% while the Services sector led the decliners after shedding +21.07 1.49%. YTD RETURN: -22.99% 1 YR RETURN: -23.26% +0.35% 47% of the 242 listed issues that were traded today declined while the 32% and 21% advanced Source: Bloomberg and remained unchanged, respectively. Market movers for the day were led by SM, ALI and TEL. 15-Sep-20 Change vs 14-Sep-20 Change vs 13-Mar-20* Local investors accounted for 51.16% of today’s transactions while the 48.84% were traded by Index Type the foreign investors. For three straight days, foreign funds flowed out of the market with today’s Points Points % Points % net sell value amounting to Php791 million. PSEi 6,018.21 21.07 0.35% 224.27 3.87% Other markets in the Asia Pacific region were also up today. Overnight, both the Dow Jones All Shares 3,591.57 0.89 0.02% 97.93 2.80% Industrial and the S&P 500 surged by 1.2% to 27,993.33 and 1.3% to 3,383.54, respectively. 1,152.93 6.84 0.60% -262.73 -18.56% Financial Local and Global Updates Industrial 8,025.66 -8.64 -0.11% 954.55 13.50% Personal remittances from Overseas Filipinos (OFs) grew for the second consecutive month, increasing by 6,313.41 61.65 0.99% 639.76 11.28% 7.6% year-on-year to US$3.085 billion in July 2020 from US$2.867 billion in July 2019. This brought the total Holding Firms remittances for the first seven months of 2020 to US$18.658 billion, 2.4% lower than the US$19.119 billion Services 1,461.48 -22.05 -1.49% 273.87 23.06% posted a year ago. By country source, remittances for January-July 2020 from US, Japan, Singapore, Qatar and Taiwan were among the countries that registered continued growth, while declines were noted in Mining and Oil 6,092.51 26.16 0.43% 1,364.70 28.87% Saudi Arabia, UAE, Germany, Kuwait and the UK. Property 2,799.30 7.41 0.27% -186.10 -6.23% Foreign direct investment (FDI) net inflows sustained its growth momentum, rising by 7.1% to US$481 million in June 2020 from US$449 million in June 2019. Net equity capital investments expanded to US$173 million Total Return 2,307.91 8.08 0.35% 118.95 5.43% from US$29 million a year ago, following the 137.6% increase in equity capital placements to US$185 million *March 13, 2020 is the last trading day before the implementaon of the Community Quaranne . (from US$78 million) and the decline in withdrawals by 74.9% to US$12 million (from US$49 million). Mean- while, net investments in debt instruments in June 2020 dropped by 28.8% to US$229 million from US$321 FOREIGN BUYING: 2,315,178,212.14 MOST ACTIVE: million in June 2019. Reinvestment of earnings was also lower by 19.4% at US$80 million compared to US$99 1. PLDT, Inc. million a year ago. FOREIGN SELLING: 3,106,388,268.26 TEL 2. SM Investments Corporation SM S&P Global Ratings said central banks in the Philippines, Indonesia and India could undermine investor NET FOREIGN BUYING/ confidence if their sovereign bond purchases result in debt monetization. Debt monetization, which can (791,210,056.12) 3. Century Pacific Food, Inc. CNPF (SELLING): trigger increases in inflation and financing costs, refers to the process of central banks purchasing bonds 4. Ayala Land, Inc. ALI from the market to bring about liquidity. It said, bond-buying programs may impair the ability of emerging- market central banks to respond to future crises, with rating implications for the respective sovereigns. 5. SM Prime Holdings, Inc. SMPH TOTAL VOLUME 829,029,499 Under Section 4 of Bayanihan II, BSP can provide additional direct provisional advances to the National Government “to finance expenditures authorized by law that will address and respond to the COVID-19 TOTAL VALUE 5,549,829,658.39 TOTAL MCAP 13,462,498,216,073.40 situation,” as long as this does not exceed 10% of the government’s average income for fiscal years 2017 to 2019. DOMESTIC MCAP 10,859,302,603,738.20 ADVANCES 78 ADB said that “developing Asia,” which consists of 45 countries in Asia-Pacific, is expected to contract 0.7% this year, the first negative quarterly figure since 1962. The ADB’s previous forecast in June is a 0.1% growth. DECLINES 113 BLOCK SALE VOLUME 16,059,180 For 2021, the region is expected to grow 6.8%, still below pre-COVID19 predictions. Latest forecasts suggest a more protracted “L” shaped recovery for “developing Asia”. UNCHANGED 51 BLOCK SALE VALUE 555,282,432.71 BIS quarterly review (September 2020 edition) shows that commercial real estate markets in Asia-Pacific NO. OF TRADED ISSUES 242 offer attractive opportunities to cross-border investors searching for yield. Investments on this market has ODDLOT VOLUME 948,279 increased since the Great Financial Crisis. During the Covid-19 crisis, it was global financial investors who most drastically cut their activity in these markets, while some also shifted towards asset classes perceived NO. OF TRADES 82,600 ODDLOT VALUE 580,296.20 as safe havens in the region. Source: The Philippine Stock Exchange, Inc. Year-to-date Market performance of select stock markets as of 15 September 2020 Source: Bloomberg Year-to-date Price-to-Earnings performance of select stock markets as of 15 September 2020 Source: Bloomberg .