Active Stock: Island Information & Technology Inc. (IS)

Island Information & Technology Inc. is currently the most active stock for the past 50 days. From a mere trading value of 20 centavos, now it is up in the range of 70 to 90 centavos a jump of 300% and with volume trading range of around 500 Million to 1 Billion daily.

Island Info 50 Days Stock Chart

This is one of the amazing PENNY STOCKS on the rise. Projected price for this stock for the end of this week will be between 70 centavos to 1 peso and 20 centavos.

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Island Information & Technology Inc. invests in Internet technology and global computer networks, including the development, licensing, marketing, sales, resale, distribution, operations, and upgrading and maintenance of computer software. The Company incorporated in 1959.

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PSEStocks.com analyzes stock futures of stocks listed in the Philippine Stock Exchange. However, we do not guarantee that our future forecasts will be accurate. We advise you to seek more information related to the stocks you intend to buy or sell.

 

PSE Stocks Future for this week – October 27

PSE Stocks analyzes stock futures of stocks listed in the Philippine Stock Exchange. However, we do not guarantee that our future forecasts will be accurate. We advise you to seek more information related to the stocks you intend to buy or sell.

TOP 5 Probable GAINERS

1. ABOITIZ

2. METROBANK

3. MEGAWORLD

4. SM INVESTMENTS

5. ABS-CBN

 

TOP 5 Probable LOSERS

1. AYALA LAND

2. ENERGY DEVELOPMENT

3. FIRST GEN CORP

4. PACIFIC ONLINE

5. PUREFOODS

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GAINERS / LOSERS are not necessarily a reason to buy or sell stocks. Be wise and try to find out the best reason to do a transaction.

Philippine Peso Has Weekly Advance as Outflows Seen Slowing

The Philippine peso completed its first weekly gain since August on speculation a selloff of the nation’s stocks is easing.

Overseas investors have been net buyers of local shares in the last two days, following 15 straight days of outflows, exchange data show. The nation’s good economic fundamentals will continue to support the peso, Bangko Sentral ng Pilipinas Governor Amando Tetangco said on Bloomberg Television today. The Philippines reported a $17 million trade deficit for August today, less than the median estimate in a Bloomberg survey for a $100 million shortfall.

“The risk aversion is tapering off,” said Jonathan Ravelas, chief market strategist at Manila-based BDO Unibank Inc. “The market is slowly moving back to reality.”

The peso appreciated 0.2 percent this week to 44.810 per dollar in Manila, prices from Tullett Prebon Plc show. The currency was little changed today and lost 2.9 percent in a run of seven weekly declines ended Oct. 17. One-month implied volatility, a measure of expected moves in the exchange rate used to price options, dropped 42 basis points, or 0.42 percentage point, this week to 6.06 percent.

Foreign funds pulled $545 million from local stocks this month as investors prepared for the Federal Reserve to end its stimulus program and start raising U.S. interest rates next year. The Fed, which indicated in September that it plans to end bond purchases this month, next meets Oct. 28-29.

Ten-year benchmark government notes had a sixth weekly gain as the central bank yesterday held its benchmark rate at 4 percent, refraining from adding to two previous increases as price pressures eased. The central bank may extend a pause in interest-rate increases for the rest of this year if inflation remains manageable, Governor Tetangco said today.

The yield on the 4.125 percent sovereign securities due August 2024 fell two basis points this week to 4.18 percent, according to noon fixing prices from Philippine Dealing & Exchange Corp. The rate increased one basis point today.

——————– Source: BLOOMBERG.COM——————

URL: http://www.bloomberg.com/news/2014-10-24/philippine-peso-set-for-weekly-advance-as-outflows-seen-ending.html

To contact the reporter on this story: Lilian Karunungan in Singapore at lkarunungan@bloomberg.net

To contact the editors responsible for this story: Amit Prakash at aprakash1@bloomberg.net Andrew Janes

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