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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.

Courtesy: Investa

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.


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%


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.

SymbolNameLast PriceChange% Change
^N225Nikkei 22526,215.79278.581.07%
^HSIHANG SENG INDEX17,067.43-155.4-0.90%
000001.SSSSE Composite Index3,024.39-16.81-0.55%
399001.SZShenzhen Index10,778.61-140.79-1.29%
^STISTI Index3,115.22-15.02-0.48%
^AXJOS&P/ASX 2006,456.90-17.3-0.27%
^AORDALL ORDINARIES6,656.40-22.3-0.33%
^BSESNS&P BSE SENSEX57,145.64-281.28-0.49%
^JKSEJakarta Composite Index7,018.52-22.27-0.32%
^KLSEFTSE Bursa Malaysia KLCI1,391.72-2.91-0.21%
^NZ50S&P/NZX 50 INDEX GROSS10,959.45-106.26-0.96%
Courtesy: Yahoo Finance

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

Yahoo finance Futures

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Joey is the founder of a Philippine Stock Market Youtube channel and also known as “Palaboy Trader”. He does daily review of Trending stocks and teaches basics of Investing and trading. He has the aim to educate Filipinos to be financially independent He is also is an Overseas Filipino Worker Currently working in a Multinational Company in Malaysia

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