Sy Group of Companies Pushed PSEi from 8,022 to 8,310!

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Sy Group of Companies Pushed PSEi from 8,022 to 8,310!

The Phisix ‘broke out’ to new heights on September 14.

 

From the Friday prior to the week of the breakout or on September 8’s close through this Friday’s October 6 close, the Phisix surged 3.6%.

Which stocks pushed the Phisix up from 8,022 to 8,310? 

Answer:

The SY Group, specifically SM (+11.37%), SMPH (+3.43%) and BDO (+4.39%), delivered the more than two-fifth of the headline index’s gains! Ayala Corp (+11.17%) and JGS (+4.35%) abetted the Sy Group

As of October 6th, the top 15 issues constituted 80% of the headline index. The top 5 carried a weight of a stunning 41%.

While there have many issues below the top 15 that has chalked up extraordinary above the Phisix gains, their contribution had been negligible.

And since that the 7th to the 14th ranked materially underperformed; only 5 issues from the top 6 were responsible for 8,310!

The moral: 8,000 signifies the story of the Sy Group.

 

SM’s share prices have gone totally vertical. Such parabolic actions virtually assimilate on the BW-SSO dynamic

There have been several issues, within the PSEi and outside, that have likewise risen in a parabolic fashion, but it has been SM that has taken the lead role

Interestingly, the SM’s debt has also resonated with its share prices! Perhaps there are more off-balance sheet exposures.

Given that its ascent seems as being engineered, an even more aggressive upside for the stock for looks likely. But this is NOT a call for a buy.

Remember, SM has been one of the MAJOR beneficiaries of marking the close!