Happy Weekend!

PSEi was up .7% at the close on the last day of trading of the week. It seems odd that value turnover today was even higher than the previous days which amounted to 5.5B. The Mining sector lead the way again today with prices of PX, MA, LC spiking up. DMC has been trending up as well with another round of foreign buying amounted to 80M which is higher than yesterdays amount. Have a blessed weekend ahead! :)

Foreigns bought the following
Financial:
BDO 18M, MBT 76M
Industrial:
AP 12M, 17M, JFC 25M, URC 16M
Holding:
AGI 333M, DMC 80M, MPI 21M
Property:
MEG 140M, SMPH 47M
Services:
TEL 64M
Mining:
LCB 6M, PX 11M

But sold the following
Financials:
BPI 39M
Industrial:
EDC 95M
Holding:
AC 30M, LPZ 43M
Property:
ALI 17M
Services:
ICT 39M
Mining:
SCC 42M

BizNews for today

• HSBC expects countries like PH to benefit from a US credit downgrade
• SM Prime eyes rosy year after mall rentals lift Q1 net income
• SM expects larger public offering for Chinese malls
• Security Bank to join 30-share main stocks index PSEi effective May 9, replacing China Bank
• SMC share sale seen priced today at P110, the low end of revised trading range
• Ayala sets up hydroelectric power joint venture with Sta. Clara Power to build run-of-the-river hydros. AC getting 70%,infusing P600m in JV

*BizNews c/o D.Dumlao of PDI, PDI, Bworldonline, Philstar

MyDailyPerf: 1.24%

AP: 7.40%
DMC: 23.99%
EDC: 5.51%
MBT: 9.52%

Recently added:
PX: 5.86%
LC: 4.62%

YTD: -6.1%
My2010Perf: 49.09%