(Last Updated On: )

The PSE index ended green today with 2.04% gain reaching high before the pre closing. Inflation results was already out and looks like the market is digesting well the results. PH inflation rose to 6.1% this June higher than last months 5.4% mainly due to rising fuel costs. This is within the BSP range of 5.7-6.5% target range.

Inflation averaged 4.4% y/y in January to June while transport inflation was at 17.1% in June and had a 31.7% share in the uptrend; diesel prices rose 92.5% y/y. Food inflation accelerated to 6% from 4.9% in May, driven by meat and rice prices; it had a 58.3% share in the uptrend.

The index close at 6,309.99 with a net foreign selling of 146 Million.

Index Sector was led by property gaining as much as 3.41% with all indices ending in Green Zone.

For the Blue chip index JGS led the group surging by up to 6.77% and Monde at 5.30%, while lag came the most from CNVRG at -5% and Emperador at -2.27%.

US markets were closed yesterday due to July 4 independence day celebration. In asia, index are mostly in green as well.

Symbol	Name	Last Price	Change	% Change
^GSPC	S&P 500	3,825.33	39.95	1.06%
^DJI	Dow Jones Industrial Average	31,097.26	321.86	1.05%
^IXIC	NASDAQ Composite	11,127.84	99.14	0.90%
^N225	Nikkei 225	26,423.47	269.66	1.03%
^HSI	HANG SENG INDEX	21,915.74	85.39	0.39%
000001.SS	SSE Composite Index	3,404.03	-1.4	-0.04%
399001.SZ	Shenzhen Component	12,973.11	-53.14	-0.41%
^STI	STI Index	3,107.58	-12.66	-0.41%
^AXJO	S&P/ASX 200	6,629.30	16.7	0.25%
^AORD	ALL ORDINARIES	6,818.10	21.2	0.31%
^BSESN	S&P BSE SENSEX	53,849.82	615.05	1.16%
^JKSE	Jakarta Composite Index	6,745.05	105.88	1.59%
^KLSE	FTSE Bursa Malaysia KLCI	1,436.63	-0.89	-0.06%
^NZ50	S&P/NZX 50 INDEX GROSS	10,965.17	102.83	0.95%
^KS11	KOSPI Composite Index	2,341.78	41.44	1.80%
^TWII	TSEC weighted index	14,349.20	132.14	0.93%
^GSPTSE	S&P/TSX Composite index	19,028.86	167.5	0.89%

Index futures are pointing to a good upside in the US market. S&P up by 0.33%, Dow up by 0.26% and Nasdaq at 0.45%.