Daily Market Notes November 5, 2009
November 5, 2009 by dragon
PSEi 2,944.51 UP 36.88
value php 4,327,614,022.20
DOW 30.23 +0.31% 9,802.14
NASDAQ 1.80 -0.09% 2,055.52
S&P 500 1.09 +0.10% 1,046.50
Wall Street's initial rally built into the no rate hike mentality but quickly evaporated. Maybe now they're getting to thinking that having a gradual rate hike SHOULD BE GOOD in general, because it would mean return to real growth and confidence in the economy.
Asian stocks read into this wall street retreat and did some backtracking of their own, but our very own PSEi was bolstered by movements in Lopez stocks as speculators continue to ponder who will win the final 13% stake.
Best index gainers include: ALI BPI AC (18 points worth gained total and not one of them a Lopez stock), followed by MER PX FPH GLO MBT SMC JFC.
Managing to lose were: EDC BDO MWC ABS LC FLI HLCM.
The banking sector via BPI MBT netted about 20m each in NFB. Almost the same figure for AC ALI, but SMPH remains 32m nfs.
Foreigners actually took a field day selling lopez stocks: BPC 130M, FPH 81M, EDC 19M, FGEN 21M, but bought MER 20m pesos worth.
VLL was also the top gainers of the day at 2.08 with 17m nfb. PX initially was lifeless at 12.25 but a re surge in buying helps it close at 13.25, netting 143m nfb.
Some continued buying of PAX by broker Warburg. This has been going on for almost a week now.
Other top gainers: SGI .88, ISM .04, WEB 18, while top losers were: ANI 24, MUSX .115, BHI .10, APXB 3.05,
TOTAL FOREIGN BUYING : P 922,779,098.00
TOTAL FOREIGN SELLING : P 1,218,912,164.29
SPECIAL BLOCK SALES:
ATRK 64,423,140 @ P2.73 175,875,172.20
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TOTAL (P175,875,172.20) %MKT 4.06
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NO. OF ADVANCES: 62
NO. OF DECLINES: 49
NO. OF UNCHANGED: 62
NO. OF TRADED ISSUES: 173
NO. OF TRADES: 10,770
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