Daily Market Notes December 8, 2009 Out for the Holidays?
December 8, 2009 by dragon
PSEi 3,012.07 DOWN 34.56
value php 3,705,624,860.00
DOW 1.21 +0.01% 10,390.11
NASDAQ 4.74 -0.22% 2,189.61
S&P 500 2.73 -0.25% 1,103.25
Wall Street goes sideways. Asia trades flat to slightly lower.
For the local market, we have dwindling value turnover continuing. Without URC's 1.1 Billion pesos worth of crosses, our market traded only 2.7B, giving an impression that investors' appetite for risk has taken a sideline and are now resting for the Christmas season.
Only 4 index stocks gained, albeit slightly: EDC URC MWC AEV. About half were losers led by MER AC SM ALI BDO.
MER's 12 peso drop to 202 (breakdown of 210 support) was done on aggressive 76m net foreign selling, which didn't bode too well for FPH 50, FGEN 16.25, BPC 3.45 (but force closed to 3.55).
Net foreign selling on property/holding firms ALI 71M, SM 96M, AC 97M, have increased, along with the banks that turned mostly NFS: bdo 22m, bpi 32m, WHILE mbt got 32m nfb.
The other nfb stocks were: AP 30M, EDC 52M, MEG 43M, RLC 63M,
Overall top gainers were MRAY 37.50, LIHC 12.75, RLT .66, ACR 1.48, URC 14.75.
A lot of top losers without volume: PRC PECB ABSP SEVN ICTV UNI, etc.
TOTAL FOREIGN BUYING : P 1,908,820,559.00
TOTAL FOREIGN SELLING : P 2,141,661,166.40
SPECIAL BLOCK SALES:
SM INVESTMENT CORPORATION 75,000 @ P319.6510 23,973,825.00
———————
TOTAL (P23,973,825.00) %MKT 0.6469
=====================
NO. OF ADVANCES: 29
NO. OF DECLINES: 72
NO. OF UNCHANGED: 68
NO. OF TRADED ISSUES: 169
NO. OF TRADES: 8,680
LEGEND:
NFB : Net Foreign Buying
NFS : Net Foreign Selling
PHP : Philippine pesos
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