(Last Updated On: October 3, 2022)
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.
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|
|^HSI||HANG SENG INDEX||17,067.43||-155.4||-0.90%|
|000001.SS||SSE Composite Index||3,024.39||-16.81||-0.55%|
|^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.