Following the lead of world markets, the PSEi declined 63.64 points to close at 4,339.90. Basically, yesterday’s gains vaporized at the open and never really came back.
Just as the top traded stocks moved up in unison yesterday, today 18 of the top 20 traded issues were down, while two (LC and PX) were flat.
- PSEi close > 4,550.53 = Bullish
- PSEi close < 4,157.03 = Bearish
- PSEi close between 4,550.53 to 4,157.03 = Sideways / Neutral