Foreign Investments in the Philippine Stock Market

Common PSE traders usually standby for the results on the US charts (DOW-J) to further anticipate what may happen in the next day's trading.  Just like what happened on 8/12, a drop on the DOW-J resulted to PSEI going down. 

PSEi 3,483.02     -39.70 pts.    (-1.13%)
Value Traded: Php 3.65B

Dow Jones  10,378.83   -265.42 pts. (-2.49%)

Yesterday's result was interesting.  Despite a drop  in the DOW-J, PSEi instead pushed further and is now on its highest level coming back from the 2007 crisis.  (On Aug 10, 2007 , the market closed at 3,525.81 before it came down crashing)

PSEi 3,593.60  +33.21 ( 0.93%)
Value Traded: Php 4.9B
Dow Jones 10,271.21 -144.33 (-1.39%)

The US Market has been lying low these past weeks due to some renewed recession fears.  The gain now in the PSEi is attributed to the influx of foreign investors in our market, shifting their hold to one of the best performing markets in Asia. 

I was among those who sold stocks near the opening due to the fear of the "DOW effect".  Stocks indeed dropped at the opening but eventually pulled back up at around 10am, even closing in the positive.up:gucci handbags