PSEi 3,342.97 DOWN 8.72
value php 3,050,838,065.00
Dow 10,293.52 -148.89 (-1.43%)
S&P 500 1,095.31 -17.89 (-1.61%)
Nasdaq 2,261.80 -27.29 (-1.19%)
Wall Street falls over 1% on disappointing housing data. This reminds me, the setup the other day was also a long upper shadow. Up 140 points then losing all that by the close. This was the same as when Dow broke out of 10,100, but the next day, no confirmation of the drop unlike last night’s 148 point follow through.
The PSEi was weak in line with other Asean neighbors, and we recovered slightly by the close, thanks to foreign punting that decided to net buy today.
TOTAL FOREIGN BUYING : P 1,252,217,645.42
TOTAL FOREIGN SELLING : P 823,382,647.00
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