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ACCORD CAPITAL EQUITIES CORPORATION

GF EC-058B East Tower, PSE Center, Exchange Road, Ortigas Center, Pasig City, PHILIPPINES 1605 (632)687-5071 (trunk)
DAILY REVIEW & OUTLOOK_ TD026-27_February 7-8, 2011
PSE Index Pts Change % Change Volume (m) Value (phpm) Advancers Decliners Unchanged
3,880.03 7.68 0.20% 3,127.69 3,059.94 61 61 42

Daily Wrap PHILIPPINE MARKET, DAILY STATS


SECTOR INDEX Pts Change % CHANGE
A LAST minute surge pushed the index to close with a ALL 3,067.77 7.23 0.24%
7.68 points, 0.20% gain to 3,880.03. Trading was light FINANCIAL 872.52 0.52 0.06%
however with only php3.059 billion worth of shares INDUSTRIAL 6,800.15 36.87 0.55%
changing hands. Property and Service counters fell. HOLDING FIRMS 3,125.92 16.06 0.52%
PROPERTY 1,476.66 -9.07 -0.61%
Market breadth was flat with advancers and decliners SERVICES 1,514.32 -2.17 -0.14%
both at 61 with 42 unchanged. MINING & OIL 13,864.71 27.96 0.20%
As of 1210H End of Day
Markets across Asia generally rose on the back of the ASIAN MARKETS LATEST UPDATE
improving outlook for the US economy, slight easing of COUNTRY INDEX LAST % CHANGE
tensions in Egypt and Europe struggles to come up with ASIAN REGION MSCI APEX 50 896.80 0.13%
JAPAN TOPIX 942.37 0.75%
an anti-crisis formula.
JAPAN NIKKEI 225 10,620.85 0.73%
More data lending proof to the growth momentum of the US CHINA HANGSENG 23,787.16 -0.51%
CHINA SHANGHAI 2,798.96 0.00%
are due out this week. December consumer credit is
TAIWAN TAIEX 9,145.35 0.00%
forecast to has risen to US$2.2 billion from November's SOUTH KOREA KOSPI 2,095.40 1.13%
US$1.38 billion. This indicates positive sentiment have AUSTRALIA S&P/ASX 200 4,865.30 0.05%
developed from both ends – lenders and consumers or AUSTRALIA ALLORINDARIES 4,961.50 0.05%
borrowers. The numbers are to be released 4am Tuesday, NEW ZEALAND NZ50 3,387.41 0.58%
Manila. Later in the day, at 11am, Consumer Confidence PAKISTAN KARACHI 100 12,415.35 0.46%
numbers are expected to rise furhter to 52.8 from 51.9. SRI LANKA Sri Lanka Colombo 7,368.70 0.30%
THAILAND SET 977.71 -0.72%
Levels above 50 are considered bullish.
INDONESIA JKSE 3,498.79 0.07%
In Egypt, both sides are now talking, as violence INDIA BSESN 18,057.48 0.27%
SINGAPORE Straits Times 3,205.05 -0.19%
recedes. Banks have reopened and work at the courts
MALAYSIA KLSE 1,534.86 0.20%
have resumed. Yet even as government takes a hardline VIETNAM HO CHI MINH 510.60 0.00%
stance on the calls for Mubarak's resignation, BANGLADESH DSE General Index 7,125.33 0.00%
protesters have agreed to form a committee that will MONGOLIA MSE Top 20 24,816.30 0.00%
draw up and suggest constitutional reforms leading to a LAOS Laos Composite 1,693.76 0.00%
free and fair election in September. The least As of 1247H End of Day
concession Mubarak has acceded to was to not seek
reelection. He has been in power since 1981 following the assassination of then President Anwar Sadat.

PRELIMINARY OUTLOOK FOR TUESDAY,_February 8, 2011


The local equity market has moved within a narrow 30-points band between 3,860 to 3,900 over the last three days,
in what could be the beginnings of a basing action that will define a support level at the 3,830-3,860 range.
Global developments do not provide further reasons to sell equities, nor do the domestic front. The encouraging
numbers expected from this week's US economic data puts a positive spin to trades. Furthermore, the extent of
the year-to-date drop through Friday last week, have opened doors for bargain hunting. Monday's late surge can
provide a measure of momentum going into Tuesday's trades.
Over-all, the market may be expected to move sideways as it attempts to build a ore solid footing on which the
next upside, spurred by corporate earnings and Q1 expectations will rest. Immediate range for the market is
between 3,830 and 3,950.

DISCLAIMER: THE MATERIAL CONTAINED IN THIS PUBLICATION IS FOR INFORMATION PURPOSES ONLY. IT IS NOT TO BE REPRODUCED OR COPIED OR MADE AVAILABLE TO
OTHERS. UNDER NO CIRCUMSTANCES IS IT TO BE CONSIDERED AS AN OFFER TO SELL OR A SOLICITATION TO BUY ANY SECURITY. WHILE THE INFORMATION HEREIN IS
FROM SOURCES WE BELIEVE RELIABLE, WE DO NOT REPRESENT THAT IT IS ACCURATE OR COMPLETE AND IT SHOULD NOT BE RELIED UPON AS SUCH. IN ADDITION, WE
SHALL NOT BE RESPONSIBLE FOR AMENDING, CORRECTING OR UPDATING ANY INFORMATION OR OPINIONS CONTAINED HEREIN. SOME OF THE VIEWS EXPRESSED IN THIS
REPORT ARE NOT NECESSARILY OPINIONS OF ACCORD CAPITAL EQUITIES CORPORATION ON THE CREDIT-WORTHINESS OR INVESTMENT PROFILE OF THE COMPANY OR THE
INDUSTRIES MENTIONED.
DAILY Report Page 1 of 1, just sl

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