The PSE market did close with an up move by 0.73% after news broke out that the FED will conduct an emergency meeting tonight, most likely to alleviate concerns on the market as everything keeps going downhill as of the moment.

Here is the news that probably have triggered a end of the day spike for the market, link courtesy by Investa. The market however is at the red side before the news and is pricing  the bearish sentiment of the US market last Friday.

The index closed at 5,783 level and still with a net foreign selling of -691 Million making the index stay at the oversold conditions.

For the blue chip stocks MER (5.40%), SM(+4.83%) and ICT (+3.96) led the winners while losers’ were led by WLCON (-9.45%), RLC (-4.13%) and AGI (-3.52%). Mining and Service sector are red for today. Majority of the blue chips are still in the downside. Although most of them are all in oversold condition already.

GAINERS

1MER                  5.40%

2SM                     4.83%

3ICT                     3.96%

4BPI                     2.79%

5JFC                     2.27%

6CNVRG              1.68%

7SMPH               1.66%

8ALI                    0.66%

9MEG 0.49%

10GTCAP 0.10%

LOSERS

1WLCON             -9.55%

2RLC                    -4.13%

3AGI                    -3.52%

4AEV                   -3.08%

5URC                   -2.54%

6JGS                    -2.02%

7PGOLD              -1.95%

8AP                      -1.62%

9GLO                   -1.58%

10MONDE          -1.48%

11ACEN              -1.43%

12TEL                  -1.19%

13SMC                -1.17%

14MPI                 -0.90%

15SCC                  -0.64%

In Asian Markets markets, all stocks major indices are in red as well. The same sentiment can be observe from US markets last Friday.

Symbol	Name	Last Price	Change	% Change
^N225	Nikkei 225	26,215.79	278.58	1.07%
^HSI	HANG SENG INDEX	17,067.43	-155.4	-0.90%
000001.SS	SSE Composite Index	3,024.39	-16.81	-0.55%
399001.SZ	Shenzhen Index	10,778.61	-140.79	-1.29%
^STI	STI Index	3,115.22	-15.02	-0.48%
^AXJO	S&P/ASX 200	6,456.90	-17.3	-0.27%
^AORD	ALL ORDINARIES	6,656.40	-22.3	-0.33%
^BSESN	S&P BSE SENSEX	57,145.64	-281.28	-0.49%
^JKSE	Jakarta Composite Index	7,018.52	-22.27	-0.32%
^KLSE	FTSE Bursa Malaysia KLCI	1,391.72	-2.91	-0.21%
^NZ50	S&P/NZX 50 INDEX GROSS	10,959.45	-106.26	-0.96%

US market futures are pointing to a side wards movement for tonight trading.