Last week finished with a flurry of foreign buying and selling in response to the MSCI rebalance. The PSEi did P13.3 billion in value turnover with approximately P9 billion in foreign buying and P9.3 billion in foreign selling. Today is the first trading day of the “BER month” period (SeptemBER, OctoBER, NovemBER, DecemBER), which is generally the busiest period for most consumer-facing products and services.
> PH: All eyes will be on the Philippine Statistics Authority when it announces our August consumer price index and inflation figures on Thursday morning. That’s also the start of the Petron [PCOR] preferred shares sale offer period that will run through to September 13, with a listing on September 23.
> International: I’m interested in the US jobless claims report that we will see on Friday morning, mostly to confirm that the number is within the expected range.
MB BOTTOM-LINE: Both DigiPlus [P
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