DMN March 19

March 19, 2010 By dragon Leave a Comment

PSEi  3,097.23         DOWN    3.72
value php        2,947,899,920.00

Dow+45.50 10,779.17+0.42%
Nasdaq+2.19 2,391.28+0.09%
S&P 500-0.38 1,165.83-0.03%

Wall street inches even further higher but only for the Dow 30, leaving the broader S&P quite flat despite good inflation and jobs data.

So what to do now in this creeping snail bull of a market.  To quote certified technician Lawrence Gonzaga, “The daily MACD of the Phisix has crossed down while the weekly MACD is about to cross up. This indicates indecision in the market.”

My take is that profit takers have already “profit took”, a lot are on the sidelines, people cutting loss have decided to hold no matter what due to cheap cost of money (for now), such that sidelined money are either waiting for a steep correction or break of 52 week highs before deciding.  Read more... (331 words, estimated 1:19 mins reading time)

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PSE reconstitutes index on November 3

October 22, 2009 By dragon 1 Comment

Starting November 3, the Philippine Stock Exchange Inc. (PSE), which runs the country’s bourse, will include itself in its benchmark 30-company index.

IN: DMC, SECB

OUT: VLL RCB ABS

The announcement “marks the first time the PSE will be included in the main index, joining listed exchanges such as Singapore Exchange, Hong Kong Exchanges and Clearing Ltd. and Australian Securities Exchange, among others, that currently form part of their main stock market indices," the PSE said in a statement.

Together with DMCI Holdings Inc. and Security Bank Corp., the PSE will replace three other companies – Vista Land and Lifescapes, Inc., Rizal Commercial Banking Corp. and ABS-CBN Broadcasting Corporation. – in the bourse’s main index, the PSE said.  Read more... (525 words, estimated 2:06 mins reading time)

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