The PSE market closed on a positive sentiment with +0.42% gain for the day. A lot of traders and investors are still bullish on the current news regarding the re-opening of the economy where Metro Manila will start to shift to Alert level 3 by October 16, 2021. Government is also optimistic that its could reach its target of 4-5% GDP as we catch up with looser restrictions implemented for the last quarter of the year. In addition the US market was upbeat also yesterday which could have contributed on the more optimistic market sentiment.

The index closed at 7,213.46 and continues its upward movement. Net foreign buying was also present at 274.53Million

For the Blue chip Index, ICT (5.80%) finally rebounded after continued sell off for the past few days. On the loser side, there was a profit taking on Globe Telecom (-3.88%) and ACEN (-3.25%)

Gainers	Losers
1ICT5.80%	1GLO-3.88%
2BDO3.13%	2ACEN-3.25%
3AP2.76%	3BLOOM-2.77%
4AEV2.32%	4RRHI-2.70%
5AGI2.14%	5SECB-1.72%
6MPI1.79%	6JGS-1.11%
7TEL1.78%	7CNVRG-1.09%
8WLCON1.55%	8SM-0.90%
9MER1.36%	9BPI-0.58%
10URC0.76%	10PGOLD-0.23%
11AC0.70%	11LTG-0.20%
12GTCAP0.70%

For the index sector, mining sector was the best performer (2.08%) followed by Services sector (1.07%)

On the Global side, US stocks rallied yesterday with Dow Jones closing at +1.56%.

Symbol	Name	Last Price	Change	% Change
^GSPC	S&P 500	4,438.26	74.46	1.71%
^DJI	Dow Jones Industrial Average	34,912.56	534.75	1.56%
^IXIC	NASDAQ Composite	14,823.43	251.79	1.73%

In its recent disclosure SPC Power Corporation (SPC) voted and approve to amend the Article II (Primary Purpose) and Article III (Principal Office) of the Amended Articles of Incorporation on August 20, 2021. It was subject to the recent agreement of the stockholders representing more than 2/3 of the outstanding capital stock of the Corporation.

The Board of directors approved last week on allowing the firm to begin on the development and usage of renewable energy or natural resources, including solar, wind, biomass, hydro, geothermal, ocean, wave and other sources of RE, to produce power.

The board also allowed SPC Power Corporation (SPC) to own, lease and develop real or personal properties for the exploration, including land; development, utilizations of natural resources, equity investments and invest in the management of local corporations, partnerships and entities to achieve its primary purpose in production and sales of electricity.

In addition , out of 1,496,551,803 total outstanding capital stock, 1,340,712,165 or 90% casted their votes in favor of the proposed amendments. SPC Power Corporation (SPC) said to transfer the location of its principal office, which will be located along Paseo de Roxas, Makati City. Previously, its head office was located at Cebu Business Park, Cebu City