PSEi 2,930.97 DOWN 11.81
value php 2,246,922,315.00
DOW 78.07 +0.79% 9,864.94
NASDAQ 15.35 +0.72% 2,139.28
S&P 500 6.01 +0.56% 1,071.49
Our local market that was up 20 could not hold to its gains as TEL and the property sector were sold down. The weak sentiment was probably due to the extensive damages wrought by successive rainfall from Ondoy and Pepeng which may affect borrowing, harvest, crops, inflation, GDP, and deficit.
Expect support to be at pivot point of 2900, which was once resistance now turned support. Much of asia manage to capitalize on American Equities' gains last weekend.
By closing, only MER and TEL were the index stocks left standing but off from their day highs. MER closed 195 (day high 198), up 7, added 8 psei points, but had only 4m nfb. TEL was up 10 pesos to 2610 (day high 2645), 1m nfs, add only 2 psei points. The other index gainer was ABS' insignificant 1 fluctuation gain to 30.50.
Top index losers were ALI MBT BPI JFC AEV EDC BDO RLC.
Still managing to get some NFB: MBT 68M, EDC 20M, MWC 31M, FLI 11M, SMPH 13M, CPM 10M, BPC 10M
while NFS came from: FGEN 23M, AC 7M, ALI 19M, MPI 17M, MEG 31M,
Newly unsuspended stock MRAY had minimum board lot done at 50% limit up of 3, which paves the way for a new adjusted ceiling and floor for the next day.
Other overall top gainers with volume were BC/B ANI 20.75, while losers were MED, OPM/B
TOTAL FOREIGN BUYING : P 898,667,301.60
TOTAL FOREIGN SELLING : P 784,388,437.50
NO. OF ADVANCES: 33
NO. OF DECLINES: 75
NO. OF UNCHANGED: 59
NO. OF TRADED ISSUES: 167
NO. OF TRADES: 7,994
LEGEND:
NFB : Net Foreign Buying
NFS : Net Foreign Selling
PHP : Philippine pesos
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