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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.

SymbolNameLast PriceChange% Change
^GSPCS&P 5003,825.3339.951.06%
^DJIDow Jones Industrial Average31,097.26321.861.05%
^IXICNASDAQ Composite11,127.8499.140.90%
^N225Nikkei 22526,423.47269.661.03%
^HSIHANG SENG INDEX21,915.7485.390.39%
000001.SSSSE Composite Index3,404.03-1.4-0.04%
399001.SZShenzhen Component12,973.11-53.14-0.41%
^STISTI Index3,107.58-12.66-0.41%
^AXJOS&P/ASX 2006,629.3016.70.25%
^AORDALL ORDINARIES6,818.1021.20.31%
^BSESNS&P BSE SENSEX53,849.82615.051.16%
^JKSEJakarta Composite Index6,745.05105.881.59%
^KLSEFTSE Bursa Malaysia KLCI1,436.63-0.89-0.06%
^NZ50S&P/NZX 50 INDEX GROSS10,965.17102.830.95%
^KS11KOSPI Composite Index2,341.7841.441.80%
^TWIITSEC weighted index14,349.20132.140.93%
^GSPTSES&P/TSX Composite index19,028.86167.50.89%

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%.

Courtesy: Yahoo Finance

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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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