ANALYSIS: The Creeping Surge Continues
Friday, 18 February 2011, Philippine Time Zone
While the closing PSEi lost 15.14 points, or 0.39 percent, today's ranges are higher than yesterday's. Its High gained 73.71 points, or 0.48%. Even its Low surged 64.94 points, or 1.72%. This indicates that a slow but weak force is developing momentum. And if you consider the very light value turnover of P3.10 million--lowest so far before and after February 14--it becomes clear that this strength is much stronger than when the turnover had been more since it managed to bring the PSEi up despite measly investment monies available.
While the closing PSEi lost 15.14 points, or 0.39 percent, today's ranges are higher than yesterday's. Its High gained 73.71 points, or 0.48%. Even its Low surged 64.94 points, or 1.72%. This indicates that a slow but weak force is developing momentum. And if you consider the very light value turnover of P3.10 million--lowest so far before and after February 14--it becomes clear that this strength is much stronger than when the turnover had been more since it managed to bring the PSEi up despite measly investment monies available.
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