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top 3 most active by value: meg (dn 3.9% to P1.71), tel (dn 0.24% to P2444) and fph (dn 0.88% to P56)
psei dn 1.1% (39pts) to 3483 as 31 of 32 index issues closed lower; lone advancer was bpi, up 0.3% to P47.25
meg dn 4.5% to P1.70, vll dn 1.6% to P2.48 despite good 1H profit; traders say, market has already priced in rosy earnings & timing is off
sli bucking the downtrend and is trading at a fresh 52 week hi; in just the last 11 sessions, sli has posted a net gain of 118%!!!
glo at 52 week low on sell recommendations; today is also the ex date for its P40 cash dividend
of the 32 index issues: 29 are down led by glo, ac, agi, ali; 3 are unchanged - chib, gma7 & smc.
psei dn 1.2% or 43pts to 3479; market tracking sharp losses in US equities
pnb dn 7% to P38.50 (5th top loser) on continued profit taking after closing at a 30-month high last friday
sli up 24.3% to P1.38 (top gainer); no news on property development front but traders are talking about sale of bball franchise to meralco
psei dn 0.65% to 3429; holdings sector dn 1.7% as ac lost 2.3% and sm gave up 2.4%
MED closed at its ceiling price of P0.58 on reports the BSP approved BDO's merger with EIBA; Medco has a 16.8% stake in Export Bank
PNB was top traded, up 4.3% to P36 which is a 25mo high
wifi connection at pse gallery has been erratic, updating now using globe tatoo =) - Martha
LC, LCB dn on profit taking, both lost 7.1% and were the day's top losers; LC up 20%, LCB up 14.9% in the last 3-sessions
open letter of tsupitero to jap re:ORE still a topic of discussion at the PSE gallery
speculative play ORE continued to be a favorite, it was up 6% to 2.65/sh a fresh 52-wk hi; ore up 12.3% since yesterday.
psei up 8.81pts (0.26%) to 3372, a fresh 29mo hi for the main gauge; q-o-q, psei up 6.7%
urc up 3.3% to 31, a new high for the stock; net foreign buying on the stock for over a week now on expectations of record hi revenues
PSEi +.47%, All subindices in the green, but market breadth is negative and value turnover is very thin.
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