Daily Market Notes December 4 , 2009 of ISM and ISM

PSEi   3,061.99         DOWN   28.92
value php     2,376,795,480.00

DOW    86.53 -0.83% 10,366.15
NASDAQ 11.89 -0.54% 2,173.14
S&P 500   9.32 -0.84% 1,099.9

The (ISM) Institute for Supply Management’s index of non- manufacturing businesses in the U.S. — almost 90 percent of the world’s largest economy — fell to 48.7 from 50.6 in October. A reading below 50 indicates a contraction. A report on U.S. unemployment today may show the rate remain at a 26-year high of 10.2 percent, according to a Bloomberg survey.  Bank of America's plan to pay back the government $45 billion was met with muted response.  

Local stocks were back to their anemic usual self without the inflated value turnover for CPM FLI MER PX.

Daily Market Notes November 18, 2009

PSEi     3,052.61         UP     20.52
value php     4,246,223,035.00

DOW    30.46 +0.29% 10,437.42
NASDAQ 5.93 +0.27% 2,203.78
S&P 500 0.87 +0.08% 1,110.17

Correction slash rally for wall street, continued mixed rally for the pse.

Today, the oddballs PX and MER reclaimed their oddball crown and took the lead. PX rallied 1.25 to 15.25, worth 10.7 psei points, while MER gained 4 to 216 worth 4.7 points.  Granted that the past two day's drop despite wall street's 1.4% rally, I guess their trades today pretty much evens out the slate and resets the market.

Some other bluechip rotational buying could be said for ALI 12.25, MBT 46, PNB 26, BDO 39.50, URC AEV JFC DMC.  About 1/3 of the index stocks traded flat, whereas the other 1/3 cooperated with the bulls and were down only slgihtly each, led by AC's one fluctuation 5 peso drop to 305 worth 3 points.