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PSEi   2,863.53        UP      5.38  08/26/2009
value php          3,408,853,055.00      

PSEi 2,881.40        UP     17.87  08/27/2009
value php     3,821,721,446.99

DOW    30.01  +0.32%  9,539.29  08/25/2009
NASDAQ  6.25  +0.31%  2,024.23  08/25/2009
S&P 500 2.43  +0.24%  1,028.00  08/25/2006

DOW     4.23 +0.04%  9,543.52 08/26/2009
NASDAQ  0.20 +0.01%  2,024.43 08/26/2009
S&P 500 0.12 +0.01%  1,028.12 08/26/2009

Had to attend to some personal matters and was not able to witness trading firsthand for the
past two days.

It would seem that there was nothing to report on American equity markets as they traded virtually flat in the recent sessions.

Locally, Wednesday was pretty flat so let's concentrate on today's activity.

The Ayalas and the Banks step in to make up for the vaccum that the index leaders TEL and MER
vacated.   Read more... (416 words, 9 images, estimated 1:40 mins reading time)

PSEi                 2,858.15         DOWN    1.03
value php 3,373,801,260.00

DOW     3.32 +0.03%   9,509.28
NASDAQ  2.92 -0.14%   2,017.98
S&P 500 0.57 -0.06%   1,025.57

Consumer confidence index in America rose to 47.9% in August, slightly better than consensus estimate of 47.6%, but too much bullishness of late did not make this news move their markets much.

Meanwhile in China, stocks continue their roller coaster ride, now tumbling 4% due to bank lending tightening fears.

Locally, any early rally fizzled out as other asian markets weakened.

Previous tandem leaders MER TEL were now polar opposites, with MER hitting 230 before closing much lower to 214, down 6 pesos worth 7.2 lost psei points.  TEL on the other hand, continued to gain 30 pesos to 2550 which was worth 8 points gained on the psei.  Read more... (207 words, 8 images, estimated 50 secs reading time)

PSEi                 2,859.18         UP    139.00
value php               4,247,763,716.49

DOW    70.89 +0.76%   9,350.05  08/20/2009
NASDAQ 19.98 +1.01%   1,989.22  08/20/2009
S&P 500 10.91 +1.09%   1,007.37 08/20/2009

DOW 155.91 +1.67%     9,505.96  08/21/2009
NASDAQ 31.68 +1.59%   2,020.90  08/21/2009
S&P 500 18.76 +1.86%  1,026.13  08/21/2009

While the Philippines celebrated Ninoy Aquino Holiday last August 21, 2009, wall street made a cumulative climb of over 2% on its major indexes as optimism from Fed chief Bernanke that we may have seen the worst, and jump in existing home sales propel Wall Street to fresh 2009 highs.  Read more... (374 words, 8 images, estimated 1:30 mins reading time)

PSEi                 2,760.89         UP     29.34
value php       2,977,466,015.00

DOW 82.60 +0.90%  9,217.94
NASDAQ 0.00 0.00%  1,955.92
S&P 500 9.94 +1.01%  989.6

Wall street rebounds and the only reason pointed out was that American Express led the rally after an analyst upgrade.

Asia did not seem that convinced, as most rallies tapered off, with the Shanghai Composite still managing to lose 5% by the close.

Manila Mining/Lepanto lose momentum, from yesterday, as news from abs cbn and Philstar update us on the status of the MVP due diligence: First Pacific Co. Ltd. remains interested in the mining assets of businessman Felipe Yap although any future deal may only involve the purchase of select Surigao del Norte mining rights of either Lepanto Consolidated Mining Co. and its affiliate Manila Mining Corp.—instead of an equity investment. It will be investments in either MA or LC, or both, and the details will be known within 2 to 3 months.  Read more... (482 words, 10 images, estimated 1:56 mins reading time)