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

The PSE market closed higher on Friday as it ended the week with a green candle. The index move up today by 1.21%. The market is seen to digest the proclamation of Philippine next president Bongbong Marcos (BBM) and the announcement regarding the appointment of Banko Sentral ng Pilipinas, BSP Governor Diokno as the next Finance secretary. BSP Governor Benjamin Diokno will succeed Carlos Finance Secretary Dominguez III.

The index closes to 6,726.14 and formed a higher low formation on its technical charts. This is the second day that the market closed with a net foreign buying. Today it closed with 160.1Million net foreign buy and yesterdays closed with 300Million net buyers.

PSE market was led by the property sector with SM Properties (SMPH, 3.0%) and Ayala land Inc (ALI, 2.85%). For the blue chip index Alliance Global Incorporated (AGI, 3.61%) helped lift the market sentiment. While JGS (-1.63%) and BPI (-1.44%) led the index losers.


In the Global markets, US closed yesterday in high note as well with S&P 500 at 1.99%, Dow Jones at 1.61% and Nasdaq Composite index at 2.68%. ASIAN markets were higher today as well. The overall market sentiment is optimistic at the moment.

Courtesy: Yahoo finance
Courtesy: Yahoo finance