Daily Market Notes October 8, 2009
October 8, 2009 by dragon
PSEi 2,968.02 UP 0.96
VALUE PHP 4,459,665,988.59
DOW 5.67 -0.06% 9,725.58
NASDAQ 6.76 +0.32% 2,110.33
S&P 500 2.85 +0.27% 1,057.58
As predicted, central banks around the world that raise rates from now on should not be a cause for worry yet for equity markets as this early, it should be treated as a sign of growth. Such a thing happened for Australia yesterday, and their equity index even shot up over 2%.
Wall street trades flat but futures surge as ALCOA surprises with a profit. Alcoa the aluminum producer is a Dow component, with which the investing public gauges growth in the industry of aluminum consumption as signs of growth in the public's spending.
Local shares really did mimic wall street to the detail, closing flat and recovering the day's minuscule losses.
TEL takes a breather with 35 pesos lost to 2630, worth 10 lost psei points and 46m nfs. Covering for TEL's loss in the index were gains from ALI 12.5, AC 317.5, MER 183, as these three roughly gained 10 index points combined. The rest of the index stocks were flat.
Other big gainers were: FLI 1.01, MEG 1.72, CPM 3.35 (50% limit up again), MPI 3.75 (still gaining despite 111m nfs), VLL 2.28, CYBR .58 (accumulation being done by dbp daiwa).
AC ALI swings back to about 35m nfb each, while kiddie property stocks MEG FLI mirror each other again and replicate their big cap elders' movements with 75m nfb each.
TOTAL FOREIGN BUYING : P 1,841,985,191.59
TOTAL FOREIGN SELLING : P 1,881,050,423.09
SPECIAL BLOCK SALES:
TEL 44,420 @ P2,655.3533 117,950,793.59
ALI 4,700,000 @ P 12.1965 57,323,550.00
———————
TOTAL (P175,274,343.59) %MKT 7.860
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NO. OF ADVANCES: 63
NO. OF DECLINES: 39
NO. OF UNCHANGED: 63
NO. OF TRADED ISSUES: 165
NO. OF TRADES: 10,785
LEGEND:NFB : Net Foreign Buying
NFS : Net Foreign Selling
PHP : Philippine pesos
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