Globe made the highest return (YOY) after benefiting from the TEL-DGTL merger which created a duopoly between TEL and GLO.
URC together with its parent JGS gained 35% after URC was included in the MSCI index.
Another Gokongwei company, Cebu Pacific suffered the most after incurring a loss on 3rd quarter because of high jet fuel cost.
SMC fell to 37% YOY due to investors’ disappointment on its 2PO despite it was included in MSCI and PSEi.
Notice that most of the index losers came from properties and banking sector.
Most of the gainers came from mining sector, speculative backdoor plays and some jockeyed stocks.
Review on last post:
PGOLD made some bearish confirmations like bearish divergence, MACD sell signal and RSI sell signal.
SMDC – closed at its low
FLI – having trouble on its support-turned-resistance
This is the reason why I made a test buy on ICT this morning.
Confirmation of the uptrend will be next week/year.
Happy new year. Hope you also made a good profit this year.