PSEi 3,074.66 UP 26.66
value php 4,220,691,731.40
DOW 132.79 +1.29% 10,450.95
NASDAQ 29.97 +1.40% 2,176.01
S&P 500 14.86 +1.36% 1,106.24
Wall Street surges to fresh 52 week highs on a strong housing report and a rally in commodities, plus weaker dollar. Asia did not seem to bite today as they already had some semblance of a rally yesterday.
I say they not we, because as usual, the PSEi takes on an oblivious indifference to general sentiments today. This is largely due to TEL's sole performance at 2600, carrying the market higher by 16 points and never budged from that dunce corner or principal's office.
That other leader PX surprises with a continued return to 19, also contributing 6.5 gained psei points. Breadth of gainers were not that good but the usual 1/3 of the other gainers more or less contributed one fluctuation each.
The unchanged bunch lost its share of the pie to the losers, with losses being led by AC EDC MEG. MEG has its rights at 1 sellable come December, and EDC had its stock dividends sellable yesterday.
Breadth was really a sell on rally, as losers 74 outnumber advancers 41.
Silent steady climber CPM led the overall gainers at 6.40, followed by ISM's force close at .065. WEB also rebounds from the dead to 18. Other gainers were ANI 30, UPM 0085, while the losers were generally negligible.
TOTAL FOREIGN BUYING : P 1,373,119,755.00
TOTAL FOREIGN SELLING : P 1,337,464,868.24
SPECIAL BLOCK SALES:
PHIL LONG DIS TEL CO. 13,330 @ P2,547.6797 33,960,570.40
PHIL LONG DIS TEL CO. 20,000 @ P2,547.8198 50,956,396.00
———————
TOTAL (P84,916,966.40) %MKT 2.01
=====================
NO. OF ADVANCES: 41
NO. OF DECLINES: 74
NO. OF UNCHANGED: 56
NO. OF TRADED ISSUES: 171
NO. OF TRADES: 12,121
LEGEND:
NFB : Net Foreign Buying
NFS : Net Foreign Selling
PHP : Philippine pesos
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