DMN June 1

June 1, 2010 By dragon 1 Comment

PSEi          3,266.62         DOWN    6.11
value php     2,715,945,810.00

Wall street Holiday Monday, Memorial Day

The cat is away, and supposedly the mouse can play, but “cat futures” pointed .5% lower, dampening any positive hopefulness for Asia, despite Europe closing flat last night.

Only a handful of index stocks gained: AGI 5.8 TEL BDO CHIB ICT, while losers were led by MBT EDC SM FPH MEG RLC.

MEG kept falling and falling to 1.20 on 89m nfs mostly by broker 333 Warburg, maybe due to more rights at 1 peso being selllable come June 14.

There was some brief interest in DGTL that took it to 1.46 but some 18m nfs pared the gains down to 1.40.  Read more... (222 words, estimated 53 secs reading time)

Filed Under: daily market notes Tagged With: , , , , , , , , , ,

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)

Filed Under: Stock Market & Finance Tagged With: , , , , , , , , , , , , , ,