Daily Market Notes July 1, 2009
July 1, 2009 by dragon
PSEi 2,432.89 DOWN 5.10
value php 1,607,390,085.00
DOW 82.38 -0.98% 8,447.00
NASDAQ 9.02 -0.49% 1,835.04
S&P 500 7.91 -0.85% 919.32
Pending any real important data, wall street heads south 1% on the average. Today, some countries like Hong Kong and Canada are on holiday, and July 4 will be a holiday for the USA as well. Hence, the noticeably light volume
of traded stocks.
Even top index gainer MER had little value turnover, trading only 84 million pesos of which were net foreign selling worth 5 million pesos. MER contributed 4 gained psei points, while most of the other index stocks shed less than 1 psei point each.
The other few gainers on the index table were ALI MBT GLO FLI URC.
Judging by the reduced NFS on my big cap barometers AC ALI SM SMPH, the next direction of the market tomorrow would be a slight uptick. The reason for the keyword being slight is that NFB is also reduced.
Blue chips took a back seat and 2nd and 3rd liners shone in the overall gainers. We had: MPI 6.1, ZHI .36, ATNB 4.85, IP 2.26, PAX 2.60, Top losers were MUSX ANI OV.
Oil follows equity markets and rise to $71/barrel if they are up, and fall back to $69 if they are lower.
Most of Asia also traded flat as of this writing.
TOTAL FOREIGN BUYING : P 922,241,748.75
TOTAL FOREIGN SELLING : P 818,935,728.87
NO. OF ADVANCES: 30
NO. OF DECLINES: 53
NO. OF UNCHANGED: 48
NO. OF TRADED ISSUES: 131
NO. OF TRADES: 5,143
LEGEND:
NFB : Net Foreign Buying
NFS : Net Foreign Selling
PHP : Philippine pesos
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