PRICE AND TURNOVER
Close: 3,079.54
Change: -0.70 (-0.02%)
Value: 2,871,704,000
MARKET BREADTH
Net adv/dec issues: -61
Net up/down volume: -1,274,078,740
Net foreign buying: +99,901,597
OUTLOOK
The market closes almost flat. This is the 4th day in a row that the PSEi closes lower and on a downtick. For the last 10 days the market advances twice and ends on an uptick in only just as many days. The intermediate and short term trends are both declining. In the absence of any evidence to the contrary, we can only expect the downtrend to continue.
Close: 3,079.54
Change: -0.70 (-0.02%)
Value: 2,871,704,000
MARKET BREADTH
Net adv/dec issues: -61
Net up/down volume: -1,274,078,740
Net foreign buying: +99,901,597
OUTLOOK
The market closes almost flat. This is the 4th day in a row that the PSEi closes lower and on a downtick. For the last 10 days the market advances twice and ends on an uptick in only just as many days. The intermediate and short term trends are both declining. In the absence of any evidence to the contrary, we can only expect the downtrend to continue.
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