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 12, 2009

PSEi                 2,930.97         DOWN   11.81
value php               2,246,922,315.00

DOW      78.07 +0.79% 9,864.94
NASDAQ 15.35 +0.72% 2,139.28
S&P 500   6.01 +0.56% 1,071.49

Our local market that was up 20 could not hold to its gains as TEL and the property sector were sold down.  The weak sentiment was probably due to the extensive damages wrought by successive rainfall from Ondoy and Pepeng which may affect borrowing, harvest, crops, inflation, GDP, and deficit.

Expect support to be at pivot point of 2900, which was once resistance now turned support.  Much of asia manage to capitalize on American Equities' gains last weekend.  Read more... (292 words, estimated 1:10 mins reading time)