Daily Market Notes February 9, 2010
February 9, 2010 by dragon
PSEi 2,797.61 DOWN 48.99
value php 3,207,234,885.00
DOW 103.84 -1.04% 9,908.39
NASDAQ 15.07 -0.70% 2,126.05
S&P 500 0.01 0.00% 1,066.18
Wall street indeed flutters about 10k as we said, but was bear pummeled at the last hour, sending it convincingly well below 10k this time around.
For Asia, The PSEi joins Nikkei in continued bloodshed, while the Hang Seng and China stages their version of a bounce.
Where is our bounce? It seems any slightest chance of a rally, or merely just volume on the bid side is taken as a selling opportunity for those trapped with big volumes.
Index Gainers were limited to two: MEG 1.12, SMPH 9.10.
Over 2/3 of the index stocks were losers led by: ALI 10, MER 157, BPI, PX TEL EDC AC.
Best overall gainers include MPI 2.30, SMPH, AJO, while losers were ANI 16, LIHC 4.85, PEP, IMI , PA
Sure there will be plays or roses among the thorns every now and then, but in this current climate, you get burned 10 times before you pick a seed that grows.
NO. OF ADVANCES: 19
NO. OF DECLINES: 95
NO. OF UNCHANGED: 40
NO. OF TRADED ISSUES: 154
NO. OF TRADES: 7,963
TOTAL FOREIGN BUYING : P 2,025,147,777.50
TOTAL FOREIGN SELLING : P 1,679,918,211.50
LEGEND:
NFB : Net Foreign Buying
NFS : Net Foreign Selling
PHP : Philippine pesos
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