PSEi 3,483.02 -39.70 pts. / -1.13%
Value Php 3.65B
Dow Jones 10,378.83 -265.42 (-2.49%)
S&P 500 1,089.47 -31.59 (-2.82%)
Nasdaq 2,208.63 -68.54 (-3.01%)
No amount of magic or prayer could save Wall Street’s 3% plunge, again on “renewed recession fears” take 5.
Asiawide, we were all lower and busy nailbiting and praying that this is not yet “the big one”, and hoping it was just like all those other violent selldowns that eventually came back higher sooner rather than later.
The PSEi fared rather pretty well, dropping only a slight 1%-ish.
Few gainers with relative volume: MIC 3.25, ANI 15.30, and nothing else. Top losers: SOC 1.39 (continuing to lose on one of its projects being plugged and abandoned), ABA .58, MEGW1 .79.
Over 2 Billion of today’s traded value were cornered by 9 stocks only: MEG TEL FPH AGI AP AC URC DMC SMPH.
That’s it for today. Sold my ATlas and held on to my PNB, and to some ORE and SLI bought the other day.
FOREIGN BUYING Php 1,603,383,823.1
FOREIGN SELLING Php 1,407,961,748.24
(YES! FIRST TIME They sent it out early!)
NO. OF ADVANCES: 28
NO. OF DECLINES: 107
NO. OF UNCHANGED: 30
NO. OF TRADED ISSUES: 165
NO. OF TRADES: 10275
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