Daily Market Notes November 25, 2009

PSEi    3,064.30         DOWN   10.36
value php      2,987,361,500.00

DOW    17.24 -0.16% 10,433.71
NASDAQ 6.83 -0.31% 2,169.18
S&P 500 0.59 -0.05% 1,105.65

Stocks ended a volatile session with modest losses Tuesday, as the Fed's improved outlook and some signs of improvement in housing tempered a weaker revision on economic growth released in the morning. -cnnfn.com

Gold hits a high of $1171 and only PX is "Affected" amongst our local mines.  PX movement to 19.25 is actually caused by speculation of Ongpin/MVP related acquisition news.  LC/B, on the other hand, tried to rally to .023/.026 on anticipation of any possible fruitful deal with MVP.  They left MA/B behind at .023.

Index gainers were few: ICT PX EDC MBT LC ., about 1/3 unchanged, and slightly over 1/3 were losers.    Read more... (246 words, estimated 59 secs reading time)

Daily Market Notes October 29, 2009

PSEi    2,862.33         DOWN   45.88
value php       3,308,579,940.00

DOW    119.48 -1.21% 9,762.69
NASDAQ 56.48 -2.67% 2,059.61
S&P 500 20.78 -1.95% 1,042.63

Stocks tumble as new home sales post surprise drop to 402,000 (from expected 450,000) for September.  Mining stocks of hard and soft commodities fall as the U.S. dollar strengthens, currently sending the Philippine Peso back to 48.

Local equities did not stand a chance.  Hitting a maximum drop of 59 points before closing down 45, the psei might be on the way to creating mini lower highs as it reaches 2,700.  This trendline value of 2,700 is only a current approximation as it steadily goes up by the day, and value may differ depending on the time and days it takes to get there.

By closing, only 2 index stocks were left standing, and both of these even a last minute runup: PX 10.75  (nfb 111m php), and MBT 40 (nfb 30m).  You've got to hand it to PX though, sellers posted amounting to about 15m shares at 10.25, 22m at 10.50, and some 10.75 were all bought up at the close mostly by broker Asiasec.  Read more... (488 words, 2 images, estimated 1:57 mins reading time)

Daily Market Notes October 15, 2009

PSEi 2,942.79 UP 12.09
value php 3,234,684,796.20
over 4B php in volume desperately needed to bring us past 3000!

DOW 144.80 +1.47% 10,015.86
NASDAQ 32.34 +1.51% 2,172.23
S&P 500 18.83 +1.75% 1,092.02

Intel beating estimates but giving a rosy outlook, plus JPMorgan smashing estimates help keep the DJIA rally well above 1% for most of their trading day, and keeping their head above the 10k water level by closing.  The dollar slid to the lowest level since August 2008 and Treasuries fell.   The rally also was boosted by data showing retail sales falling less than economists forecast last month.  Read more... (336 words, 2 images, estimated 1:21 mins reading time)