Daily Market Notes November 25, 2009

PSEi    3,064.30         DOWN   10.36
value php      2,987,361,500.00

DOW    17.24 -0.16% 10,433.71
NASDAQ 6.83 -0.31% 2,169.18

S&P 500 0.59 -0.05% 1,105.65

Stocks ended a volatile session with modest losses Tuesday, as the Fed's improved outlook and some signs of improvement in housing tempered a weaker revision on economic growth released in the morning. -cnnfn.com

Gold hits a high of $1171 and only PX is "Affected" amongst our local mines.  PX movement to 19.25 is actually caused by speculation of Ongpin/MVP related acquisition news.  LC/B, on the other hand, tried to rally to .023/.026 on anticipation of any possible fruitful deal with MVP.  They left MA/B behind at .023.

Index gainers were few: ICT PX EDC MBT LC ., about 1/3 unchanged, and slightly over 1/3 were losers.  

Leaders TEL MER led the losers with declines to 2590 and 216 respectively.  MER's triangle support is somewhere at 210.  

Alphaland backdoor MRAY gets unsuspended today and is top gainer at 28.50.  CPM gets suspended for an hour after announcing talks about GEM fund investing 2B pesos, and closes 6.70.

Other top gainers were AB/B 64.5/65.5 which are newly acquired backdoor vehicles of Ongpin.  This followed by PERC at 7.40.

Top losers: ABSP OV NI ANI RCM AR

TOTAL FOREIGN BUYING   : P    795,067,051.90
TOTAL FOREIGN SELLING  : P  1,001,176,684.30

NO. OF ADVANCES:              37      
NO. OF DECLINES:              63      
NO. OF UNCHANGED:             63
NO. OF TRADED ISSUES:        163
NO. OF TRADES:             9,739

LEGEND:
NFB : Net Foreign Buying
NFS : Net Foreign Selling
PHP : Philippine pesos

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