Daily Market Notes December 23, 2009 WEB Philweb and ISM Ism Communications jointly acquire Acentic gmbh

PSEi   3,024.33         UP      8.17
value php     3,580,105,185.00

DOW      50.79 +0.49% 10,464.93
NASDAQ 15.01 +0.67% 2,252.67
S&P 500   3.97 +0.36% 1,118.0

US GDP data fell slightly short of expectations, but housing data surprised to the upside showing better home sales data compared to the past 3 years.  This fuels the sustained attack near 10,400 again for the djia.

The PSEi traded flat for the most part of the day, only turning green at the last few minutes.  This was largely due to SM's 7.50 gain to 322.  This window dressing feat was worth 2.55 psei points, and done on 98m nfb.

Next top gainer was MER at 198, but FPH sank to 46 due to Daiwa's relatively heavy selling.  Read more... (347 words, 1 image, estimated 1:23 mins reading time)

Daily Market Notes December 4 , 2009 of ISM and ISM

PSEi   3,061.99         DOWN   28.92
value php     2,376,795,480.00

DOW    86.53 -0.83% 10,366.15
NASDAQ 11.89 -0.54% 2,173.14
S&P 500   9.32 -0.84% 1,099.9

The (ISM) Institute for Supply Management’s index of non- manufacturing businesses in the U.S. — almost 90 percent of the world’s largest economy — fell to 48.7 from 50.6 in October. A reading below 50 indicates a contraction. A report on U.S. unemployment today may show the rate remain at a 26-year high of 10.2 percent, according to a Bloomberg survey.  Bank of America's plan to pay back the government $45 billion was met with muted response.  

Local stocks were back to their anemic usual self without the inflated value turnover for CPM FLI MER PX.  Read more... (409 words, estimated 1:38 mins reading time)

Daily Market Notes November 20, 2009

PSEi   3,068.73         DOWN   14.57
value php    3,445,964,990.00

DOW      93.87 -0.90% 10,332.44
NASDAQ 36.32 -1.66% 2,156.82
S&P 500 14.90 -1.34% 1,094.90

Wall street drops for the second day, Europe and Asia drop around 4 days on the average.  

At the onset of local trading, stocks were not bad in their drop, even trading flat for a sizeable duration, before some panic safety selling by the close brought us down over 30, only to recover a little by the close.  Read more... (305 words, estimated 1:13 mins reading time)

Daily Market Notes November 18, 2009

PSEi     3,052.61         UP     20.52
value php     4,246,223,035.00

DOW    30.46 +0.29% 10,437.42
NASDAQ 5.93 +0.27% 2,203.78
S&P 500 0.87 +0.08% 1,110.17

Correction slash rally for wall street, continued mixed rally for the pse.

Today, the oddballs PX and MER reclaimed their oddball crown and took the lead. PX rallied 1.25 to 15.25, worth 10.7 psei points, while MER gained 4 to 216 worth 4.7 points.  Granted that the past two day's drop despite wall street's 1.4% rally, I guess their trades today pretty much evens out the slate and resets the market.

Some other bluechip rotational buying could be said for ALI 12.25, MBT 46, PNB 26, BDO 39.50, URC AEV JFC DMC.  About 1/3 of the index stocks traded flat, whereas the other 1/3 cooperated with the bulls and were down only slgihtly each, led by AC's one fluctuation 5 peso drop to 305 worth 3 points.  Read more... (307 words, estimated 1:14 mins reading time)