Philippine Stock Market update Nov 30 DBP Daiwa gets grizzly at the close

PSEi 3,953.70 | down -99.88 | -2.46% Value 8,238,160,267.00 Dow Jones 11,052.49 -39.51 (-0.36%) S&P 500 1,187.76 -1.64 (-0.14%) Nasdaq 2,525.22 -9.34 (-0.37%) DOW 11k gets a reprieve, as they were saved by the close, from an intraday drop of about 150.  Fears of the Euro contagion was still there, as well as the unending […]

LN’s UCC’s (Useful Chit-Chats) June 10 ’10

When our market broke into new highs at 3,367 UNCLE SAM gave the PSEi a present – a 320-pt drop in the DOW, this event triggered our markets to gap down right at the open at 3,293… This area which incidentally is also close to the psychological 3,300 level is currently acting as a key […]

Longneck’s UCC’s (Useful Chit-Chats) : My Thoughts on the Recent Subprime Crisis

The recent subprime financial crisis : what really happened, what’s happening, and my thoughts as to what will happen — these will be discussed and linked as thoroughly as possible by yours truly in simple layman’s terms in this special edition of my UCC’s. I have this thought that has dangled in my mind for […]

Longneck’s UCC’s (Useful Chit-Chats) Dec 4 ’09

After breaking out and above 3,100 on Wednesday, our PSEi has succumbed to profit taking and is down again today by another 29pts to 3,062 . Coincidentally, Wednesday was also the day before this gigantic PX correction. PX’s down move south of about P4.00 costs around a cumulative 35pt drop over the last 2 days. […]

Longneck’s UCC’s (Useful Chit-Chats) Dec 3 ’09

Today’s boring market action was even doused with more cold water by a sliding PX, and an overworked PSEi computer system which halted the market by over 30minutes. PX’s P1.75 slide translated to 15 lost PSEi points, coupled with corrections in MBT/ALI/AC which compounded for another 10pts, and voila!!!! We have a 29pt down day, […]

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