Daily Market Notes October 23 , 2009
October 23, 2009 by dragon
PSEi 2,932.99 UP 44.27
value php 3,714,429,545.00
DOW 131.95 +1.33% 10,081.31
NASDAQ 14.56 +0.68% 2,165.29
S&P 500 11.51 +1.06% 1,092.91
Dow components mcdonald's, AT&T, travelers, 3m, merck, all topped estimates and boosted the djia back to the other day's highs before the nasty 90 point fall at the last hour the other day. The 131 point rebound put them back virtually where they were before they lost ground the other day.
So it seems Dow 10k is our very own PSEi's 2900, as this round of rally saw no gravitational pull.
Of the 44 point gain in the psei, 14 points came from TEL's 50 peso gain back to pivot level of 2600. 2600 was previously the resistance, which was taken out, only to fall back below this level yesterday. Over 10% of total value turnover once again made up of 472m pesos worth of traded TEL shares, of which were 155m nfb.
Banks still did not regain their nfb luster, as the NFS way remained: BDO 58M, MBT 17M, PNB 11M,
NO power sector netted foreign participation over 15m pesos, in either buying or selling tally. EDC that rose to 4.15 was quickly sold down to a low of 3.9 with a 4 peso closing.
DMC that enters the index soon enjoyed gains to 10.25 despite 55m nfs.
Same story for SECB that also becomes an index issue come November 3, 2009 gains to 60.5 despite only 1m nfb.
Only 4 index stocks lost: AC JFC ABS FGEN.
overall top gainers include: PRIM 1.76M ANI 31, MRC .38, MED .64, SUN .53, SECB, RLC 12.75, COL 10.75.
Top losers were MRAY AB UR JTH BCB DHC FMIC BC ZHI
TOTAL FOREIGN BUYING : P 1,877,571,051.15
TOTAL FOREIGN SELLING : P 1,916,502,693.15
SPECIAL BLOCK SALES:
DMC 5,000,000 @ P9.6 (P 48,000,000.00)
TEL 128,420 @ P2,554.00 (P 327,984,680.00)
———————
TOTAL (P 375,984,680.00) %MKT 10.122
=====================
NO. OF ADVANCES: 71
NO. OF DECLINES: 32
NO. OF UNCHANGED: 58
NO. OF TRADED ISSUES: 161
NO. OF TRADES: 9,432
LEGEND:
NFB : Net Foreign Buying
NFS : Net Foreign Selling
PHP : Philippine pesos
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