Daily Market Notes December 1, 2009
December 1, 2009 by dragon
PSEi 3,097.92 UP 52.95
value php 3,098,071,865.00
DOW 34.92 +0.34% 10,344.84
NASDAQ 6.16 +0.29% 2,144.60
S&P 500 4.14 +0.38% 1,095.63
Wall Street takes on its pre destined rout last Friday, as it trades half the day for Thanksgiving holiday. While we were sleeping for Bonifacio Day Holiday yesterday, Asia turns positive and continued their rally today, while Europe that was positive last Friday turned sour yesterday. Wall street was flat yesterday as some early holiday numbers from the National Retail Federation showed that, while there were more shoppers this year, they spent less.
Local value turnover was found wanting again, not the hallmarks needed for newer highs. Leading the index gainers were ALI 12.50, or 12 pts gain for the psei on 94m nfb. This was complemented by rallies in other property counters FLI .92, 13M NFB, and MEG 1.46, 12m nfb.
Other gainers include TEL 2610, 140M NFB. MER 217, 4m nfs were not enough to tally a buy to reflect broker 220's continued buying. PX 19, 21M NFB. Those 4 stocks (TEL MER ALI PX) made for 40 gained psei points combined.
1B of today's total traded value came from PX EDC CPM.
Top gainers with volume include JOH 3 (declares property dividend), RLT .62, VITA .42, ACR 1.46, OV .016 (forced close), ALI, PCOR 5.60.
TOTAL FOREIGN BUYING : P 1,299,438,262.55
TOTAL FOREIGN SELLING : P 957,913,171.35
SPECIAL BLOCK SALES:
ISM 500,000,000 @ P.06 (P 30,000,000.00) ———- TOTAL (P 30,000,000.00) %MKT 0.97 =====================
NO. OF ADVANCES: 72
NO. OF DECLINES: 27
NO. OF UNCHANGED: 54
NO. OF TRADED ISSUES: 153
NO. OF TRADES: 8,781
LEGEND:
NFB : Net Foreign Buying
NFS : Net Foreign Selling
PHP : Philippine pesos
Comments
Feel free to leave a comment...
and oh, if you want a pic to show with your comment, go get a gravatar!