Daily Market Notes December 29, 2009 Window Dressing Upwards
December 29, 2009 by dragon
PSEi 3,052.68 UP 19.84
value php 3,464,582,725.00
After continuous days of gains, Wall street only ekes out a .2% gain on all three majors this time. Meanwhile, the chances of the Fed raising rates by .25 in late January 2010 are over 50%.
But the PSEi that faltered about last week made up for it in the past two days, continuing santa's dress up on the year's last trading day.
Once again, all the top gainers and losers had no volume to write home to santa about.
Today's cross stars were: AEV 702M crossed, of the 703m php total traded for AEV. CHIB 664M PHP Crossed, from the total traded 667m php. PX 157M crossed from the total 198m traded. This brings the 3 most active but due to crossed stock's total value crossed to 1.5B pesos, or about 45% of total market traded.
Only three index stocks did not join the sleigh ride: RLC GLO SMPH.
Best in costume (gainers) were MER 205, JGS 6.6, MEG 1.48, BPI AC AEV MWC.
For more in window dressing, follow our article here.
TOTAL FOREIGN BUYING : P 1,279,460,961.75
TOTAL FOREIGN SELLING : P 681,374,433.85
NO. OF ADVANCES: 81
NO. OF DECLINES: 22
NO. OF UNCHANGED: 61
NO. OF TRADED ISSUES: 164
NO. OF TRADES: 6,081
LEGEND:
NFB : Net Foreign Buying
NFS : Net Foreign Selling
PHP : Philippine pesos
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