PSEi 3,046.57 UP 4.47
value php 2,492,365,635.00
DOW 29.55 +0.28% 10,501.05
NASDAQ 21.79 +0.99% 2,212.10
S&P 500 7.70 +0.70% 1,114.11
Wall street encounters a wall of resistance in DJIA 10500. Meanwhile, financials Bank of America, Citi, Wells Fargo are slowly paying their Billions in tarp aid money back to the Fed.
Local markets were their lackluster self, with Nihao being the most volatile of the day. Today, they list their 5 rights shares for every one held, and hit a low of 3.85 only briefly and closed high at 4.40. PX also has interest as it closes 16.25 on the news that SSS is seeking to exit its holdings at a good price. Other Fyap stocks also gain spotlight: LC/B .25/.26, MA/B .026/.027.
Index losers were limited to: TEL GLO SMPH MER HLCM SM RLC FPH, with TEL getting 115m nfs.
Overall best gainer with volume was AJO, maybe on speculation that its sale of Chikka or just its 300M market cap puts it in laggard backdoor status. Technically, this MACD buy points it to be headed to the upper range of the channel target of .085, which is also the resistance in the weekly chart.
Other top gainers include: MED .40, MEGW1, MAB, while top losers were AB/B 103/4, MRAY 59, APM .0075, ALCO, PCKH RLT.
TOTAL FOREIGN BUYING : P 1,048,213,978.00
TOTAL FOREIGN SELLING : P 1,017,273,793.00
NO. OF ADVANCES: 46
NO. OF DECLINES: 49
NO. OF UNCHANGED: 61
NO. OF TRADED ISSUES: 156
NO. OF TRADES: 9,076
LEGEND:
NFB : Net Foreign Buying
NFS : Net Foreign Selling
PHP : Philippine pesos
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