PSEi 3,436.59 up 20.49 pts. 0.66%
Value Php 3.03B
Dow Jones 10,525.43 +100.81 (0.97%)
S&P 500 1,115.01 +12.35 (1.12%)
Nasdaq 2,296.43 +26.96 (1.19%)
Wall Street gets lift from way better than expected housing data, sending the chart pattern of all three major averages to both convincingly break the downtrendline, plus break out of the recent high ranges.
2nd day of PAM NTS and value turnover is back to 3B php. I still see the glass half empty because on “Exceptional” days like these, we could easily have traded over 4B php. But that’s just my opinion.
Besides, 1B of today’s value were comprised only of TEL MBT AP, signifying that the move or volume was not spread out across the board.
Best index gainers with their corresponding contributed +PSei pts:
Manila Electric Co. 6.65
Ayala Land 2.84
Aboitiz Power 2.82
Jollibee Foods Corp. 2.69
Aboitiz Equity 2.48
In the best overall gainers sector were: MPI 2.85, APXB 3.50, MER 188, AMC 12.8. Sinking lower were SCC 110.2, AC 324.40, EDC 4.58, DMC 19.20.
Wasn’t really doing anything the past few days as I am still in first base, or “the groping” stage, as with most everyone else. I have well placed sources saying that the old fluctuation scheme will return in a week or two. I am still holding on to all of my PNB as CLSA kept buying and buying, and was glad for its run to 44.3 but was apathetic on its retrace to 43.45.
-still no PSE quotes, hence no NFB/NFS tally
Happy Birthday to my Dearly Departed Dad today, and to my mom last Saturday!
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