PSEi 2,935.74 DOWN 5.79
value php 3,278,951,770.00
DOW 104.22 -1.05% 9,867.96
NASDAQ 12.62 -0.59% 2,141.85
S&P 500 12.65 -1.17% 1,066.95
Wall street rises over a percent and yet lose all those gains and decline over 1% immediately thereafter, with online business sites blaming the rising dollar for the decline in equities.
On the local front, public confirmation by the Lopezes that they will be selling half their stake in Meralco to answer PLDT's declaration yesterday that they would be buying those stakes seemed like a script rehearsal for a movie. Nontheless, this caused interest in EDC FPH, but gains in BPC FGEN MER could not hold.
Top index losers were MER TEL RLC GLO ABS LC/B PX PCOR
Yesterday's top gainers figured mostly in today's top losers scene, with PRIM hitting ceiling of 3.90 again but dropping to 3 at the close.
edc had substantial 115m nfb, and was the only nfb above 30m pesos.
Other gainers include CPM 3.9, sph 3.35,
NO. OF ADVANCES: 49
NO. OF DECLINES: 73
NO. OF UNCHANGED: 54
NO. OF TRADED ISSUES: 176
NO. OF TRADES: 11,238
TOTAL FOREIGN BUYING : P 1,232,476,636.30
TOTAL FOREIGN SELLING : P 1,385,140,036.55
LEGEND:
NFB : Net Foreign Buying
NFS : Net Foreign Selling
PHP : Philippine pesos
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