elections and its effect

Comelec Top 5

1 Legarda (GO) 11,442,502
2 Escudero (GO) 11,254,258
3 Villar (GO) 9,348,429
4 Lacson (GO) 9,105,684
5 Pangilinan (ind) 8,990,662


Namfrel Top 5

1 LEGARDA, Loren B. 9,624,986
2 ESCUDERO, Francis Joseph G. 9,370,285
3 LACSON, Panfilo M. 8,279,916
4 VILLAR, Manuel Jr., B. 7,933,889
5 PANGILINAN, Francis N. 7,512,265



After elections, or even before, Peso has been soaring high and yesterday, it reached the 45 level! This will be bad and good for some but in general, good for the Philippines. this will hurt the exporters and the OFW's who send remittances.

The composite index closed up 38.69 points at 3,505.03, surpassing Monday’s record of 3,466.34, after setting an intraday record high of 3,505.66. The broader all-share index gained 21.94 points to 2,234.47.

Gainers beat losers 63 to 46, while 57 stocks ended flat. A total of 7.4 billion shares worth P7.3 billion were traded.

“The market is in uncharted territory and is still looking at where momentum will be capped,” said Rommel Macapagal of Westlink Global Equities. “We touched the 3,500 mark and in the next few days we’ll see if the market can hold ground.”


more story here yehey finance