Daily Market Notes December 18, 2009

PSEi  3,016.99         DOWN   31.16
value php    2,645,125,585.00

DOW    132.86 -1.27% 10,308.26
NASDAQ 26.86 -1.22% 2,180.05
S&P 500 13.10 -1.18% 1,096.08

Wall street sank over 1% due to  the dollar's rise and an unexpected rise in unemployment claims.  This dollar strength and equity weakness fuelled a global correction, which turned positive with tonight's futures trading.

SM turns most active, with crossed shares amounting to 400m pesos (of which were 380m nfb), also bringing it to one of the top few index gainers at 312.5.  SMPH was the day's top index gainer in terms of weighting despite a last few second selloff which brought it to 9.70.

Over half the index stocks were losers led by TEL 2570 (below 2600 again), ALI 11.25 (unable to reach 12 this time around), MBT, MER, MEG, BDO MWC.

Top overall gainers with relative value were BC/B 16.5/20 (after intraday highs of 18.25/25), CMT .83.  The top 10 losers did not matter in terms of volume.

TOTAL FOREIGN BUYING   : P  1,234,258,045.70
TOTAL FOREIGN SELLING  : P  1,245,113,763.90

NO. OF ADVANCES:              35      
NO. OF DECLINES:              66     
NO. OF UNCHANGED:             64
NO. OF TRADED ISSUES:        165
NO. OF TRADES:             6,654

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

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