Daily Market Notes February 8, 2010
February 8, 2010 by dragon
PSEi 2,846.60 DOWN 9.04
value php 1,862,870,285.00
DOW 10.05 +0.10% 10,012.23
NASDAQ 15.69 +0.74% 2,141.12
S&P 500 3.08 +0.29% 1,066.19
America’s unemployment rate fell to 9.7 percent, initially placing bulls and bears on the sidelines, but selling pressure once again took over and saw the dow lower by 150 points, but non stop recovery in the last two hours closed the Dow Industrials above 10k again, a very good reversal hammer sign in technical analysis.
However, Asia was not convinced as the Nikkei was still down 1%, most others still lower except for Australia’s slight tick up.
The Psei got its lead when SMPH sank to 8.70, setting the tone for another mini selloff, which quickly turned into some bargain hunting but was sold off some by the close.
Spread was even but slightly tilting to the bulls’ side with 1/3 of the index stocks as gainers led by ALI MER GLO AC ICT, and only 7 index losers comprised of TEL BPI SMPH MBT MWC JFC BEL.
Best gainers had no volume, while best losers were led by ANI 18.75, ORE 1.38,
TOTAL FOREIGN BUYING : P 819,899,845.50
TOTAL FOREIGN SELLING : P 938,237,409.15
NO. OF ADVANCES: 35
NO. OF DECLINES: 56
NO. OF UNCHANGED: 68
NO. OF TRADED ISSUES: 159
NO. OF TRADES: 6,385
Comments
Feel free to leave a comment...
and oh, if you want a pic to show with your comment, go get a gravatar!