Daily Market Notes December 22, 2009 LFM Liberty and SOC South China Resources sell stake in Liberty to Two Cassandra
December 22, 2009 by dragon
PSEi 3,016.16 DOWN 4.40
value php 2,125,714,185.00
DOW 85.25 +0.83% 10,414.14
NASDAQ 25.97 +1.17% 2,237.66
S&P 500 11.58 +1.05% 1,114.0
Still not much could be said for a market that traded only 2B this holiday season, of which were 418M pesos worth of SM crosses. SM's total value traded amounted to 485M pesos, of which were 395m pesos.
SOC South South China sold its BellTel stake for P1.23 billion, while LFM Liberty Flour's price was P227.37 million. The stake was sold to Two Cassandra-CCI, which has five incorporators — Deogracia De La Paz, IV, Jose Luis Moreno, Noel del Merced, Rafael San Agustin, Jr. and Michael Tiaoqui.
TOTAL FOREIGN BUYING : P 952,568,749.50
TOTAL FOREIGN SELLING : P 693,926,082.50
NO. OF ADVANCES: 43
NO. OF DECLINES: 55
NO. OF UNCHANGED: 73
NO. OF TRADED ISSUES: 171
NO. OF TRADES: 6,008
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