week of the trading year. And what we could see is still a trough of low prices. week of the trading year, the market closed at the 6,512.01 level, down 18.19 or – 0.28%. The fall was precipitated by the aggressive selling activities of foreign investors, who accounted for 70.12% of total market transactions for the week. As such, they emerged as the one single factor that dictated the market’s direction and condition for the week.
Trading results also showed that foreign investors ‘ market participation were limited only to 24.41% of total market transactions. Daily average of weekly total value turnover also jumped to P19.14 billion. As the market opened up on Monday, June 19, it reverted into negative territory with a day’s loss of 58.00 points or -0.89% as it closed at the 6,450.34 level with a thin total volume of 483.71 million shares and low total value turnover of P4.22 billion. Of note: foreign investors were net sellers for the day with a trading participation of 48.34% of total market transactions.
The second are the so-called “Oscillators.” As their name suggest, they are not overlaid on a price chart. They “oscillate” between an assigned local minimum and maximum, which are plotted above or below a price chart. Examples include the Stochastic oscillator, MACD , or RSI.
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