March 8, 2010
While Asian stocks rose on global recovery optimism, PSEi moved flat with a minuscule drop of 2.83 points or .001% to end at 3,040.92.
The local market was generally neutral with investors selectively trading on short positions evidenced by quick profit taking as opportunity comes. There was also shifting of funds from one stock to another but with preference on volatile issues with corporate news, thus, the consolidation.
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