PRICE AND TURNOVER
Close: 2,909.00
Change: +0.12 (0.00%)
Value: 3,401,899,000
MARKET BREADTH
Net adv/dec issues: -20
Net up/down volume: -324,987,380
Net foreign buying: -794,665,216
TECHNICALS
Intermediate and short term downtrend
Support: 3,000 Resistance: 3,300
OUTLOOK
The index closes flat after lackluster trading. The index continues to be in an intermediate and short term downtrend. The index remains below the 3,000 level after yesterday's completion of the double top in the major trend. The technical price objectives of 2,700 in the near term and 2,200 in the intermediate term continue to be reasonably likely. Net foreign selling YTD reaches a new high of P15.1 Billion.
Close: 2,909.00
Change: +0.12 (0.00%)
Value: 3,401,899,000
MARKET BREADTH
Net adv/dec issues: -20
Net up/down volume: -324,987,380
Net foreign buying: -794,665,216
TECHNICALS
Intermediate and short term downtrend
Support: 3,000 Resistance: 3,300
OUTLOOK
The index closes flat after lackluster trading. The index continues to be in an intermediate and short term downtrend. The index remains below the 3,000 level after yesterday's completion of the double top in the major trend. The technical price objectives of 2,700 in the near term and 2,200 in the intermediate term continue to be reasonably likely. Net foreign selling YTD reaches a new high of P15.1 Billion.
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