Daily Market Notes November 12, 2009
November 12, 2009 by dragon
PSEi 3,073.92 UP 26.78
value php 5,104,499,810.00
DOW 44.29 +0.43% 10,291.26
NASDAQ 15.82 +0.74% 2,166.90
S&P 500 5.50 +0.50% 1,098.5
PX contributes 1B pesos to total value turnover, wall street flutters slightly higher, Asia sideways to slightly lower.
Today, ALI leads the index gainers with a .5 gain to 12 worth 8 psei points backed by 45m nfb. AC's 7.50 gain to 307.50 also contributed 5 psei points despite 22m nfs.
Third top index gainer was BDO's 2 peso gain to 38.50 despite 32m nfs.
On the losing side were the index big cap leaders MER TEL SMPH FPH. MER can't seem to hurdle its 210 resistance.
MEG FLI's recent rise drew out sellers both local and foreign, sending both tamer from intraday highs to close at 1.64 and .95 respectively.
Some overall top gainers with volume worth mentioning: FAF .94, I 4.90, T 4.40, on the top losers were also the small stocks like ANI 22.75, SGI .93 (back below 1 eh), MVC .86, PEP .51, SUN .54.
The depreciation of the U.S. Dollar sends the peso back to the 46 level in the last few days.
News that Manila Mining will undertake a 335M Peso rights offer weighed lesser than the prospect of ATR finishing off his selling, as MA manages to gain to .024.
Any correction to 3k may be a chance to buy.
TOTAL FOREIGN BUYING : P 1,034,054,441.00
TOTAL FOREIGN SELLING : P 1,196,743,587.75
NO. OF ADVANCES: 97
NO. OF DECLINES: 36
NO. OF UNCHANGED: 52
NO. OF TRADED ISSUES: 185
NO. OF TRADES: 16,992
LEGEND:
NFB : Net Foreign Buying
NFS : Net Foreign Selling
PHP : Philippine pesos
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