It was another uneventful trading day in the Philippine stock market. Investors again just took the cue from the decline in the US markets. The DJIA fell by 71.78 points to close at 12,397.29 and the tech laden Nasdaq, declined by 18.20 points to close at 2437.43.
PSEi previous close 3174.75 (March 27,2007)
time------------change----------------------PSEi
9:31-------------up 2.12
9:35------------down 1.74
9:50------------------11.41
10:12-----------------17.52
10:58-----------------19.36
11:10-----------------20.25
11:38-----------------15.00
12:01-----------------11.94---------------3162.81
Market Close
The Philippine peso traded from PhP 48.205 - 48.209 to the US dollar and all asian markets were down in the morning session.
Value turnover was at PhP 3.3 billion with PhP 1.5 billion in cross transactions and another PhP 600 million in block sales.
Decliners outnumbered gainers 68 to 30.
The Property (+ 2.61%) and Services (-1.68%) sectors led the index gainers and decliners respectively.
The consolidation mode between the 3,100 - 3,200 level continues as volumes remain low and investors/traders are awaiting at the sidelines.
Tomorrow's trading may be perked up with the resumption of trade of RCBC shares after their follow on offering.
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