The PSE is down today (3,924.35 3,918.70 -5.65) but for just a few points.My harem performed as follows:
NIKkiLee +2.5%
EDenCojuangco +2.36
LeilaniCahilig +2.22
PeNelopeBrown +.10
CarMenTorralba -1.79
MayBelleTiu -1.27
The quake and tsunami in Japan will spur some spending in the very near future as that country will definitely rebuild. Construction materials will be in demand so I think I am well positioned with my NIKL as Japan is the number one buyer of China which in turn is our buyer for the raw materials for nickel. Nickel is used for making stainless steel and many other corrosion resistant alloys. CMT manufactures cement which is of course needed in the construction of buildings, roads and bridges. I do not know if CMT's products will also be in demand for Japan. What I know is - due to the displacement of OFWs in Libya, Egypt and Tunisia, construction and property stocks are supposed to go down (the OFWs can no longer pay the amortization of their house and lot packages) but then again it is summertime (construction boom is normally during the dry season) so there could be slight offsetting. I will not touch construction and property stocks at this point though.
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