The days' market: February 2, 2007
The stockmarket continued its run up as the news of the dwindling budgetary deficit perked up investors. Philippine Stock Exhange Index (PSEi) ended the day higher by 23.92 pts (+0.74%) to end at 3269.18.
For the week, all sectors advanced and the best performer was the Property sector which ended higher by 8.11% in the past five trading days.
Other important data for investors:
Gold price $652.65 / ounce as of February 1, 2007
T-bill 91-day (weekly auction date 22 january 07)
3.171% down from 3.795% previously
MART1 RATES
February 1, 2007 ( source: BusinessWorld Friday-Saturday. February 2-3, 2007)
Benchmark Interest Mart 1
Rates 2/1/07
1 month 3.7393
3 months 3.9975
6months 4.7839
1 year 5.0179
3 years 5.7250
5 years 6.1154
10 years 6.9125
We see how news and economic data affect the equities market (stockmarket) and we can learn how to use this information in our investing decisions.
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