Daily Market Notes October 30, 2009
October 30, 2009 by dragon
PSEi 2,908.50 UP 46.17
value php 5,333,146,355.00
DOW 199.89 +2.05% 9,962.58
NASDAQ 37.94 +1.84% 2,097.55
S&P 500 23.48 +2.25% 1,066.1
Better than expected GDP report sends wall street soaring and ready to attack its recent highs. But experts warn that government stimulus programs like Cash for Clunkers contributed strongly to the economic expansion and that the economic recovery is more fragile than the GDP numbers may suggest.
On the local front, only two index stocks: HLCM JFC managed to lose a little. 9 psei points were from TEL's 30 peso gain to 2595, which netted 42m nfb.
PX continued to dominate to 11.50, as it nets 893m nfb, and contributes 6 + psei points.
MER tries for 197 after announcing a 1.5 cash dividend, but loses most of its gains to close at 188 thanks to 33m nfs.
AC ALI still nets less than 20m nfs each. Apart from PX's strong NFb, most of the counters were still sold into by foreign funds, except for TEL MBT EDC MWC SM FLI.
Crude oil gains back to $80. Since I wrote this DMN late, we get tonight's american economic data: Spending by U.S. consumers fell in September for the first time in five months after the government’s auto-rebate program expired. This sends futures lower.
TOTAL FOREIGN BUYING : P 2,157,281,262.72
TOTAL FOREIGN SELLING : P 1,562,164,281.47
(maybe) NET FOREIGN SELLING BY : P 187M if deducted if VLL block sale went to foreign buyers, or VLL could merely be local as PX nets 893m nfb.
SPECIAL BLOCK SALES:
VLL 320,686,000 @ P2.44 (P 782,473,840.00)
———————
TOTAL (P 782,473,840.00) %MKT 14.67
=====================
NO. OF ADVANCES: 106
NO. OF DECLINES: 21
NO. OF UNCHANGED: 56
NO. OF TRADED ISSUES: 183
NO. OF TRADES: 10,227
LEGEND:
NFB : Net Foreign Buying
NFS : Net Foreign Selling
PHP : Philippine pesos
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