Daily Market Notes December 14, 2009
December 14, 2009 by dragon
PSEi 3,042.10 UP 10.97
value php 1,628,900,235.00
DOW 65.67 +0.63% 10,471.50
NASDAQ 0.55 -0.03% 2,190.31
S&P 500 4.06 +0.37% 1,106.41
Stronger-than-expected November retail sales and a surprising rise in business inventories in October pointed to a recovery in consumer spending. Consumer sentiment also improved in early December lifting the S&P Retail index by 1.3%, both reasons fueling further rise of Wall Street.
Locally, the lifting of martial law in the secluded province of Maguindanao buffered any potential huge drops, and in fact saved the day that was mostly in the red, to eke out some gains by the close.
Gainers were led by the banking sector: MBT 46.5, BPI 48, BDO 39, plus TEL GLO AC BDO MER MWC. Property/holding firms were still quiet to slightly lower: AC/ALI SMPH RLC MEG, and PX.
MEG lists its rights shares, plus warrants today. Warrants have the symbol MEGW1, which have an exercise price of 1. Meaning that if you buy megw1 at closing price of .61, you can add 1 peso and have it converted to a common share of MEG. This further means that your converted common share cost of MEG would effectively be 1.61, or roughly .20 higher than what the common share is at the board.
Nihao gets to list their 5 newrights shares for every one share held, hopefully and finally tomorrow, and shares plunge to 4.45.
Other overall gainers include AB/B 113/115 MRAY 63.5, IP 1.64 MHC .44. Worst losers were JOH at 2 (half in about a week), NI 4.45, UPM .0075, T 3.9, TA 1.18, AAI 14.
TOTAL FOREIGN BUYING : P 624,561,516.90
TOTAL FOREIGN SELLING : P 467,232,740.40
NO. OF ADVANCES: 48
NO. OF DECLINES: 49
NO. OF UNCHANGED: 74
NO. OF TRADED ISSUES: 171
NO. OF TRADES: 7,201
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!