PSEi 3,046.63 DOWN 15.36
VALUE PHP 11,687,741,875.00
VALUE SANS PX BLOCK 2,193,898,075
DOW 22.75 +0.22% 10,388.90
NASDAQ 21.21 +0.98% 2,194.35
S&P 500 6.06 +0.55% 1,105.98
Employers cut 11,000 jobs from their payrolls last month, the Labor Department reported Friday. It was the smallest number of job losses since the start of the recession in December 2007, BUT investors saw this as a chance to sell the good news as the market lost 100 points from its dow's day high of up about 130. So if it were bad news, a selloff would have occurred as well citing chance to sell on much needed correction.
It was haywire across all the dollar affected trades with this news. Confidence on the dollar shortly made for a currency rally, sending gold crashing to 1159, oil to 75, and the dollar retraces briefly.
Locally, the Martial Law on Maguindanao was certainly not a reason to compel foreigners to increase their holdings on the PSEi. Value turnover was lighter than the usual light day, and was only accentuated by PX's 9B block sale from Onpin and Brown's sale to First Pacific.
This re-generates speculative bounce interest on PX as it treads .50 higher to 16, a rise worth 4 pts on the pse. Other affected gainers were sentiments on MA/B LC/B ZHI, fyap stocks that MVP might enter into as well. These gainers closed at LC/B .26/.27, MA/B .026/.027 ZHI .22.
Other index gainers include JFC AC RLC HLCM DMC. Index losers were led by ALI MER BPI SMPH EDC MWC SM etc.
Foreigners were mixed to buying on the banking sector, net seller on big cap property/holding AC ALI, and apathetic on utilities AP EDC FGEN FPH MER.
Other overall best gainers include LIHC 11.75, AAA .49, AR .005, ZHI .22, MA/MAB, MRC .32, best loser with volume were PEP .44, EVER SUN NRCP
TOTAL FOREIGN BUYING : P 673,223,041.50
TOTAL FOREIGN SELLING : P 848,800,436.50
SPECIAL BLOCK SALES:
PHILEX 83,560,300 @ P21 (P 1,754,766,300.00)
PHILEX 226,044,000 @ P21 (P 4,746,924,000.00)
PHILEX 25,844,700 @ P21 (P 542,738,700.00)
PHILEX 26,500,000 @ P21 (P 556,500,000.00)
PHILEX 54,669,500 @ P21 (P 1,148,059,500.00)
PHILEX 12,487,100 @ P21 (P 262,229,100.00)
PHILEX 22,982,200 @ P21 (P 482,626,200.00)
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TOTAL (P 9,493,843,800.00) %MKT 81.23
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NO. OF ADVANCES: 42
NO. OF DECLINES: 57
NO. OF UNCHANGED: 66
NO. OF TRADED ISSUES: 165
NO. OF TRADES: 7,926
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