Daily Market Notes January 7, 2010
January 7, 2010 by dragon
PSEi 3,077.78 UP 37.85
value php 2,523,491,890.00
DOW 1.66 +0.02% 10,573.68
NASDAQ 7.62 -0.33% 2,301.09
S&P 500 0.62 +0.05% 1,137.14
The mood returned quite to normal as the top index leaders were the big caps TEL (2690 up 50, +14.4 on the index) ALI. (up .50, at 11.25, +8.5 on the index)
SMC gains 5 pesos to 72, after declaring .35 cash dividend, and Ongpin's Top Frontier that acquired SMC shall make a tender offer for SMC common share holders in line with existing rules and regulations of the Sec and PSE at a price of P75.00 per share. They didn't have to, if we cite MER's case of hiding behind the clause of acquiring 35% of the company after one year. Watch MER. More noise on the much debated tender. Watch also FPH. Now at the lower end of the uptrending channel.
MA/B LC/B's rise was short lived as sellers trounced upon buyers immediately at the open.
The only index losers were FPH MEG ICT SM SMPH AC.
Other notable gainers were MPI 2.9 (rumored tax break), LIB 3.60, ACR 1.28, CYBR .57, NI 4.50, GEO .83, ISM .0675, .075
Asia was flat to weaker as of this writing.
TOTAL FOREIGN BUYING : P 903,140,877.90
TOTAL FOREIGN SELLING : P 889,195,558.17
NO. OF ADVANCES: 88
NO. OF DECLINES: 35
NO. OF UNCHANGED: 56
NO. OF TRADED ISSUES: 179
NO. OF TRADES: 10,569
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