Trade Notes

What happened today?

• PSEi closed at 6,161.21 pts (+24.48; -0.40%) 
• MBT - #1 most active
• AC - #6 most active, bought some more
• BDO - bought some more during discount buying hehe
• PX - 

courtesy of COLFinancial

• Observations: 
• NXT is top gainer and PRC is top loser 
• Notes: 
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• Watchlist:
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• News: 
• Nadecor mine seen operational by 2015 (another opportunity to new geology graduates)
• BPI to meet 2nd half net income
• Joint chambers hit failed LRT-1 Cavite extension project bidding (for faster land transportation)
• July balance of payments surplus hits 6-month high 
• Insurance Code amended; insurers’ capital raised
• Stocks rise; Nasdaq resumes after a 3-hour halt
• BSP keeps eye on US Fed move
• Meralco power unit still mum on possible ties with K-Water
• BPI prepares for likely decline in trading gains
• BDO, Union Bank offer deposit certificates
• Moody’s eyes downgrade of biggest US banks
• Tech glitch halts Nasdaq trade for three hours ("you don't lose money, you just lose time..")
  
• Others: 
• A P1-billion 'Museum of Me' (CPG related)

courtesy of ph.news.yahoo.com

"It's time to abolish pork barrel.." -Pres. Aquino,2013

Very historical. A big step for our country to continue our fight against corruption. For our president, +100 points for your political will, but -50 points for why only now? (takot sa rally, hehe) I hope this translates to positive outlook on our stock market and encourage foreign investors that our country is really fighting against corruption.

Cheers!

Links:
Inquirer Business 
Business Mirror