PSEi 3,119.96 UP 22.04
value php 4,909,517,630.00
DOW 126.74 +1.23% 10,471.58
NASDAQ 31.21 +1.46% 2,175.81
S&P 500 13.23 +1.21% 1,108.86
Easing tensions over the Dubai scare and confidence in their restructuring talks brings dow to new 52 week highs, and gold to $1210.
Asia and the Philippines manage to hold on to their gains by the close.
Of the 4.9 value turnover, 1.2B came from PX, while 500m from EDC.
Top index gainers were the three leaders: TEL 2625 up 15, +5 psei points 62m nfb; PX up .50, +4 psei points, 9m nfs; MER 219 up 2, +2.7 psei points on 6m nfb.
Breadth of the rise was better as more stocks were included in the rise: SM EDC BPI MBT SMPH JFC AEV RLC ICT FLI MEG etc. Of the index stocks, the only losers were FGEN BEL DMC PCOR FPH JGS BDO GLO AC.
Although I noticed that most gainers had their shares experience some profit taking towards the close. This is natural everytime new highs are reached.
TOTAL FOREIGN BUYING : P 1,343,581,624.67
TOTAL FOREIGN SELLING : P 1,446,899,784.47
NO. OF ADVANCES: 62
NO. OF DECLINES: 45
NO. OF UNCHANGED: 57
NO. OF TRADED ISSUES: 164
NO. OF TRADES: 10,544
LEGEND:
NFB : Net Foreign Buying
NFS : Net Foreign Selling
PHP : Philippine pesos
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