PSEi 3,089.82 UP 25.52
value php 2,826,110,890.00
TOTAL FOREIGN BUYING : P 727,342,742.00
TOTAL FOREIGN SELLING : P 549,026,856.50
Up 25 on poor value turnover (regular usual value was 3.8B which could still be better), and poor breadth all suggest that even as market may rise, rotational plays will continue and not across the board bonanza. Food for thought: 800m php of today's total traded came from both CPM and PX.
DOW 30.69 +0.29% 10,464.40
NASDAQ 6.87 +0.32% 2,176.05
S&P 500 4.98 +0.45% 1,110.63
In wall street, a bigger-than-expected drop in weekly jobless claims fuel their rally further but is looking like it will take a breather for the meantime. Once again, this doesn't seem to bolster Asian confidence to pump more money into their equity markets at this time, as they choose to correct.
This time, TEL takes the lead past 2600, closing at 2610 with psei gains worth 2 points. Other runner uppers for index stocks were ALI MBT SMPH BPI, while index losers were few and limited to: smc/b fli jgs glo mer.
MEG that broke down to 1.36 returns to trendline at 1.46.
CPM continues to run to 7 and continues to be NFS by 39m despite announcement of entry of GEM fund, somewhat suggesting that selling on the board may already be commencing.
For overall the top gainers, we have BHI .115 (after announcing a placement of shares to some other company at .1), MRAY 31.50, VITA .36, UW OPM/B EVER.
Top losers were AB/B IS SUN OM ABA RPL CAT
Meanwhile, Gold threatens to break above $1120
NO. OF ADVANCES: 51
NO. OF DECLINES: 59
NO. OF UNCHANGED: 61
NO. OF TRADED ISSUES: 171
NO. OF TRADES: 8,914
LEGEND:
NFB : Net Foreign Buying
NFS : Net Foreign Selling
PHP : Philippine pesos
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