The PSEi closed at 2006.21 points. Today's close was up 3.17 points from yesterday.
Wednesday, November 5, 2008
the psei barely holds above 2000
The PSEi closed at 2006.21 points. Today's close was up 3.17 points from yesterday.
Tuesday, November 4, 2008
apetitite for stocks still low but bargain hunters are active
The numbers say it all. The world's appetite for equities remains low. The Philippines is no exception.
When the PSEi dropped to around the 1600 level, it didn't stay there long. That looks to me like a lot of active bargain hunters trying to cash in on a level that is quite obviously highly oversold.
With the world's appetite for stocks at very low levels, the opportunity for bargains is tremendous.
When the PSEi dropped to around the 1600 level, it didn't stay there long. That looks to me like a lot of active bargain hunters trying to cash in on a level that is quite obviously highly oversold.
With the world's appetite for stocks at very low levels, the opportunity for bargains is tremendous.
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