Trading in WallStreet - December 30, 2008

Dow Jones Industrial Average (DJIA) Summary
Index Value: 8,668.39
Trade Time: Dec 30
Change: Up 184.46 (+2.17%)
Prev Close: 8,483.93
Open: 8,487.51
Day's Range: 8487.51 - 8675.24

Trading in WallStreet - December 29, 2008

Dow Jones Industrial Average (DJIA) Summary
Index Value: 8,483.93
Trade Time: Dec 29
Change: Down 31.62 (-0.37%)
Prev Close: 8,515.55
Open: 8,515.87
Day's Range: 8364.06 - 8530.68

Trading in WallStreet - December 26, 2008

Dow Jones Industrial Average (DJIA) Summary
Index Value: 8,515.55
Trade Time: Dec 26
Change: Up 47.07 (+0.56%)
Prev Close: 8,468.48
Open: 8,468.71
Day's Range: 8,461.78 - 8,533.07

Trading in WallStreet - December 24, 2008

Dow Jones Industrial Average (DJIA) Summary
Index Value: 8,468.48
Trade Time: 1:03PM ET
Change: Up 48.99 (+0.58%)
Prev Close: 8,419.49
Open: 8,416.86
Day's Range: 8,416.86 - 8,498.50

The Philippine Stock Market - December 24, 2008

Dow Jones Industrial Average (DJIA)
Index Value: 8,419.49
Trade Time: Dec 23
Change: Down 100.28 (-1.18%)
Prev Close: 8,519.77
Open: 8,518.65
Day's Range: 8391.30 - 8604.12

The local equities market ended the last trading day of 2008 with a whimper. The strong window dressing that was hoped for did not materialize (but was only observed in several smaller cap issues). The Philippine Stock Exchange Index (PSEi) moved from negative to positive territory but within a narrow 26 point range and with a value turnover of just a shade under PhP 1 bn.

PSEi previous close - 1862.19 (December 23)

open: 1858.54 (-3.65)
low: 1850.47 (-11.72)
high: 1876.44 (+14.25)
close: 1872.85 (+10.66 or +0.57%)

Value turnover: PhP 999 mn
Cross transactions: PhP 320 mn
Block Sale: 30,303,000 shs SPH @ PhP 3.30 = PhP 99,999,900

Advancers 62
Decliners 38
Unchanged 41

Sectoral Indices.
Financial +1.81%
INdustrial +0.85%
Holdings +0.82%
Property +0.22%
Services +0.20%
M-O +0.10%

The Day's Top Gainers:
PEP: PhP 0.72; +26.32%
UW: PhP 0.12; +26.32%
ABA: PhP 0.63; +26.00%

The Day's Biggest Decliners:
EIBA: PhP 0.15; -16.67%
MRC: PhP 0.10; -16.67%
CEI: PhP 0.029; -12.12%

At mid-day:
Asian equities markets were mixed.
The Philippine Peso was at PhP 47.685 vs US$ 1.00.



PSEi
Dec. 24 2008 (end 2008): 1872.85

Dec. 27, 2007 (end 2007): 3621.60
% change since then: -48.28%

Oct. 8, 2007 (all-time high): 3896.74
% change since then: -51.94%


DJIA
Dec. 23, 2008: 8419.49

Dec. 31, 2007 (end 2007): 13264.80
% change since then: -36.53%

Oct. 11, 2007 (all-time high): 14198.10
% change since then: -40.70%

The Philippine Stock Market - December 23, 2008

Dow Jones Industrial Average (DJIA) Summary
Index Value: 8,519.69
Trade Time: Dec 22
Change: Down 59.42 (-0.69%)
Prev Close: 8,579.11
Open: 8,573.37
Day's Range: 8372.02 - 8601.41

The local equities market had a modest uptick after yesterday's decline. The Philippine Stock Exchange Index (PSEi) closed near its high but with volume turnovet at less than PhP 1 bn.

PSEi previous close - 1840.94 (December 22)

time----------up-----------PSEi
9:31--------0.0-----------1840.94 (low)

The opening was marred by a halt in trading for a few minutes.

9:55-------15.77
9:57-------17.86
9:59--------8.27
11:00-------5.91
11:41-------7.38
11:53------19.68
11:58------22.66
11:59------24.99---------1865.93 (day's high)
12:01------21.25---------1862.19 (+1.15%)
Market Close.

Value turnover: PhP 864 mn
Cross transactions: PhP 382 mn
Block Sales: 20,500 shs TEL @ PhP 2000 = PhP 41 mn
----------------79,840,000 shs MMI @ 0.30 = PhP 30.339 mn
----------------3,750,000,010 shs PCOR @ PhP 6.85 = PhP 25.687 bn

Advancers 44
Decliners 47
Unchanged 39

Sectoral Indices:
Services +3.33%
Property +0.93%
Financial +0.60%
M-O -0.50%
Holdings -0.63%
Industrial -1.46%

The Day's Top Gainers:
ICTV: PhP 1.28; +43.82%
MED: PhP 0.15; +30.43%
ORE: PhP 0.44; +29.41%

The Day's Biggest Decliners:
DIZ: PhP 1.20; -14.29%
LND: PHP 0.22; -12.00%
EDC: PhP 1.86; -8.82%

At mid-day:
Asian equities markets were down.
The Philippine Peso was at PhP 47.530 vs US$ 1.00.

The Philippine Stock Market - December 22, 2008

The local equities market declined sharply as most investors were already keeping to the sidelines ahead of the long holiday break. The Philippine Stock Exchange Index (PSEi) fell more than 3.0% and dragged down the hopes of a huge rally these last remaining trading days of 2008.

PSEi previous close - 1903.53 (December 19)

time----------down-----------PSEi
9:31----------9.57----------1893.96
9:47---------15.95
9:51---------18.88
10:11--------31.11
10:34--------35.47----------1868.06
10:41--------41.82
10:53--------47.74
10:59--------55.76----------1847.77
11:03--------59.83
11:18--------60.92
11:40--------63.61
11:45--------67.79
11:54--------70.50
11:57--------71.94----------1831.59 (day's low)
12:01--------62.59---------1840.94 (-3.29%)
Market Close.

Value turnover: PhP 1.193 bn
Cross transactions: PhP 509 mn
Block Sales: 100,000 shs ACPA @ PhP 499.34 = PhP 49.934 mn
----------------946,885,554 shs PCOR @ PhP 6.85 = PhP 6.486 bn

Advancers 21
Decliners 61
Unchanged 34

Sectoral Indices.
Property -4.41%
Holdings -3.42%
Services -3.00%
Financial -2.83%
Industrial -1.93%
M-O -1.10%

The Day's Top Gainers:
FAF: PhP 0.50; +25.00%
ATS: PhP 1.64; +13.89%
BC: PhP 5.50; +13.40%

The Day's Biggest Decliners:
PF: PhP 49.50; -39.63%
MED: PhP 0.115; -30.30%
MRC: PhP 0.12; -7.69%

At mid-day:
Asian equites markets were mixed.
The Philippine Peso was at PhP 47.171 vs US$ 1.00.

Trading in WallStreet - December 19, 2008

Dow Jones Industrial Average (DJIA) Summary
Index Value: 8,579.11
Trade Time: Dec 19
Change: Down 25.88 (-0.30%)
Prev Close: 8,604.99
Open: 8,606.50
Day's Range: 8550.43 - 8787.23

The Philippine Stock Market - December 18-19 2008

The Philippine Stock Market ended the last full week of trading for the year 2008 on a flat note. The Philippine Stock Exchange Index (PSEi) consolidated for the past two days (Dec 18-19) at the 1900 level in preparation for an expected (or a very badly hoped for) year-end window-dressing on Monday to Wednesday (Dec 22-24) next week.

PSEi Dec 17 close: 1904.56
PSEi Dec 18 close: 1901.46
PSEi Dec 19 close: 1903.53

The Bangko Sentral ng Pilipinas (BSP) cuts its policy rates by 50 basis points. It lowered overnight borrowing to 5.5% and overnight lending to 7.5%.

Block Sales:
ETEL: 4,201,162 shs and 14,697,093 shs @ PhP 422.45 = PhP 7.983 bn
ECP: 31,256,000 shs @ PhP 3.50 = PhP 109.396 mn

The Philippine Stock Market - December 17, 2008

Dow Jones Industrial Average (DJIA)
Index Value: 8,924.14
Trade Time: Dec 16
Change: Up 359.61 (+4.20%)
Prev Close: 8,564.53
Open: 8,565.65
Day's Range: 8565.65 - 8958.79

Federal Reserve Establishes Target Range: 0 to 25 Basis Points.

The DJIA had a strong rally in the late afternoon session to close near its high and just below the 9000 level.

The local equities market opened strong because of the big rally in WallStreet. After the initial surge, the Philippine Stock Exchange Index (PSEi) however gave back most of its gains but managed to hold above the 1900 level.

PSEi previous close - 1889.32 (December 16)

open: 1930.19 (+43.87)
high: 1953.91 (+64.59)
close: 1904.56 (+0.81%)

Value turnover: PhP 2.173 bn
Cross transactions: PhP 496 mn
Block Sales: 153,900 shs PSE @ PhP 130.00 = PhP 20mn
----------------20,000 shs TEL @ PhP 2196.13 = PhP 43.922 mn
----------------25,000 shs TEL @ PhP 2200.48 = PhP 55.011 mn
----------------20,000 shs TEL @ 2183.11 = PhP 43.662 mn

Advancers 53
Decliners 29
Unchanged 49

Sectoral Indices.
Financial +2.37%
Holdings +1.65%
M-O +1.28%
Property +0.83%
Servicess +0.38%
Industrial +0.34%

The Day's Top Gainers:
GPH: PhP 37.50; +50.00%
ZHI: PhP 0.12; +50.00%
ROX: PhP 2.70; +35.00%

The Day's Biggest Decliners:
REG: PhP 1.20; -25.00%
MWC: PhP 13.00; -5.45%
TA: PhP 0.70; -5.41%

At mid-day:
Asian equites markets were up.
The Philippine Peso continues to strenghthen and was at PhP 46.987 vs US$ 1.00.

The Philippine Stock Market - December 16, 2008

Dow Jones Industrial Average (DJIA) Summary
Index Value: 8,564.53
Trade Time: Dec 15
Change: Down 65.15 (-0.75%)
Prev Close: 8,629.68
Open: 8,628.81
Day's Range: 8469.03 - 8676.28

The local equities market tracked the decline in WallStreet. The Philippine Stock Exchange Index (PSEi) fell below the 1900 level.

PSEi previous close - 1913.26 (December 15)

time-----------down--------------PSEi
9:31------------0.30------------1912.96
9:43------------7.71
9:46-----------10.59
9:53-----------11.68
9:56-----------12.81-----------1900.45
10:02----------17.18-----------1896.08

The PSEi breaks below the 1900 level.

10:05---------14.86
10:07---------15.28
10:09---------14.86
10:15---------17.91-----------1895.35

After failing to bounce back and hurdle the 1900 level, the decline accelerates.

10:17---------18.33
10:21---------19.35
10:25---------21.06
10:29---------21.88
10:35---------26.18
10:38---------26.92
10:41---------27.44
10:46---------31.62
10:48---------35.91
10:54---------38.98-----------1874.28 (day's low)
11:01---------31.88
11:04---------29.96
11:13---------29.93
11:22---------26.04
11:26---------22.97
11:40---------26.61
11:51---------24.15
11:59---------22.87
12:01---------23.94------------1889.32 (-1.25%)
Market Close.

Value turnover: PhP 1.712 bn
Cross transactions: PhP 789 mn
------------------------this includes 170,000 shs of TEL @ PhP 2105 (PhP 357 mn)
Block Sale: 200,000 shs CHIB @ PhP 375 = PhP 75,000,000

Advancers 34
Decliners 43
Unchanged 36

Sectoral Indices.
Services -3.10%
M-O -1.53%
Property -0.47%
Financial -0.47%
Industrial +0.73%
Holdings +0.91%

The Day's Top Gainers:
UW: PhP 0.095; +46.15%
MED: PhP 0.155; +24.00%
MHC: PhP 0.16; +14.29%

The Day's Biggest Decliners:
FJP: Php 1.02; -36.25%
EIBA: PhP 0.15; -16.67%
BKD: PhP 1.06; -11.67%

At mid-day:
Asian equities markets were mixed.
The Philippine Peso was at PhP 47.395 vs US$ 1.00.

The Philippine Stock Market - December 15, 2008

The local equities market opened higher as WallStreet reversed from its early drop last Friday. The Philippine Stock Exchange Index (PSEi) was able to immediately hurdle and stay above the 1900 level once again.

PSEi previous close - 1893.74 (December 12)

open: 1904.19 (+10.45)
high: 1932.75 (+39.01)
close: 1913.76 (+19.52 or +1.03%)

Value turnover: PhP 2 bn
Cross transactions: PhP 1 bn
--------------------includes a cross transaction of 180,000 shs of TEL at PhP 2185 (PhP 393 mn)
Block Sales: 10000 shs TEL @ PhP 2193.56
---------------23680 shs TEL @ PhP 2176.31
--------------------total of PhP 73.47 mn

Advancers 48
Decliners 33
Unchanged 33

Sectoral Indices
Holdings +2.90%
Property +2.42%
M-O +1.45%
Industrial +0.52%
Financial +0.20%
Services +0.15%

The Day's Top Gainers:
PF: PhP 82.00; +49.09%
MEG: PhP 0.66; +15.71%
PSE: PhP 137.00; +14.17%

The Day's Biggest Decliners:
UW: PhP 0.065; -35.00%
ROX: PhP 2.00; -31.03%
MED: PhP 0.125; -19.35%

At mid-day:
Asian equites markets were up.
The Philippine Peso was at PhP 47.785 vs US$ 1.00.

Trading in WallStreet - December 12, 2008

Dow Jones Industrial Average (DJIA) Summary
Index Value: 8,629.68
Trade Time: Dec 12
Change: Up 64.59 (-0.75%)
Prev Close: 8,565.09
Open: 8,563.10
Day's Range: 8347.81 - 8682.57

WallStreet opened very weak (as the Futures indicated earlier) as was down more than 200 points early in the trading day. The DJIA however managed to rally and end in positive territory.

The Philippine Stock Market - December 12, 2008

Dow Jones Industrial Average (DJIA) Summary
Index Value: 8,565.09
Trade Time: Dec 11
Change: Down 196.33 (-2.24%)
Prev Close: 8,761.42
Open: 8,750.13
Day's Range: 8512.76 - 8809.45

WallStreet drops nearly 200 points and the local equites market follows the trend. A sell-off in the last half hour of trading had the Philippine Stock Exchange Index (PSEi) break below the 1900 level and close at its low. The Dow Futures was down by around 300 points.

PSEi previous close - 1933.12 (December 11)

open: 1930.52 (-2.60)
close/low: 1893.74 (-39.38 or -2.04%)

Value turnover: PhP 1.817 bn
Cross transactions: PhP 745 mn

Advancers 18
Decliners 69
Unchanged 29

Sectoral Indices
Financial -4.92%
Holdings -3.70%
Property -3.22%
Industrial -1.97%
M-O -1.26%
Services -0.32%

The Day's Top Gainers:
PAL: PhP 3.00; +42.86%
APM: PhP 0.0060; +9.09%
OPM: PhP 0.0085; +6.25%

The Day's Biggest Decliners:
MFIN: PhP 2.00; -27.27%
LSC: PhP 1.06; -18.46%
ETEL: PhP 350.00; -17.65%

At mid-day:
Asian equities markets were down.
The Philippine Peso was at PhP 47.830 vs US$ 1.00.

The Philippine Stock Market - December 11, 2008

Dow Jones Industrial Average (DJIA)
Index Value: 8,761.42
Trade Time: Dec 10
Change: Up 70.09 (+0.81%)
Prev Close: 8,691.33
Open: 8,693.00
Day's Range: 8646.33 - 8879.22

It was an erratic trading day in WallStreet and the local equities market followed suit. The Philippine Stock Exchange Index (PSEi) closed little changed after going in and out of positive territory.

PSEi previous close - 1938.82 (December 10)

open: 1941.47 (+2.65)
high: 1953.84 (+15.02)
low: 1921.93 (-16.89)
close: 1933.12 (-5.70 or -0.29%)

Value turnover: PhP 2.131 bn
Cross transactions: PhP 798 mn

Advancers 51
Decliners 37
Unchanged 47

The market drop was largely due to the big decline in PLDT (TEL) which closed at PhP 1175 (-4.60%) from the previous day's close of PhP 1280.

Sectoral Indices.
Services -3.70%
M-O -2.10%
Industrial +0.87%
Financial +3.48%
Property +3.86%
Holdings +4.22%

The Day's Top Gainers:
CHIB: PhP 460.00; +22.67%
EIBB: PhP 0.17; +21.43%
ARA: PhP 0.26; +13.04%

The Day's Biggest Decliners:
APO: PhP 0.60; -14.29%
RFM: PhP 0.24; -11.11%
EIBA: PhP 0.18; -7.69%

At mid-day:
Asian equites markets were mixed to mostly up.
The Philippine Peso was at PhP 47.991 vs US$ 1.00.

The Philippine Stock Market - December 10, 2008

Dow Jones Industrial Average (DJIA)
Index Value: 8,691.33
Trade Time: Dec 9
Change: Down 242.85 (-2.72%)
Prev Close: 8,934.18
Open: 8,934.10
Day's Range: 8,651.74 - 8,934.10

With WallStreet retreating the local equities market opened weaker. The Philippine Stock Exchange Index (PSEi) however had a late rally to end in positive territory and close at its high.

PSEI previous close - 1935.07 (December 9)

open: 1914.05 (-21.02)
low: 1910.94 (24.13)
close/high: 1938.82 (+3.75 or +0.19%)

Value turnover: PhP 2.025 bn

Advancers 40
Decliners 32
Unchanged 32

Sectoral Indices.
Property +3.81%
Holdings +3.17%
Industrial +1.29%
Financial +0.89%
M-O 0.0%
Services -2.70%

The Day's Top Gainers:
MA: PhP 0.0075; +7.14%
SMPH: PhP 7.60; +7.04%
MWC: PhP 13.75; +5.77%

The Day's Biggest Decliners:
GPH: PhP 27.00; -34.15%
MUSX: PhP 0.12; -17.24%
RCM: PhP 1.06; -14.52%

At mid-day:
Asian equities markets were up.
The Philippine Peso was at PhP 48.266 vs US$ 1.00.

The Philippine Stock Market - December 9, 2008

Dow Jones Industrial Average (DJIA)
Index Value: 8,934.18
Trade Time: Dec 8
Change: Up 298.76 (+3.46%)
Prev Close: 8,635.42
Open: 8,637.65
Day's Range: 8,637.49 - 9,026.41

The DJIA continues its strong rebound/advance. After touching a low of 8118.50 just the previous trading day (Friday - December 5), it reached a high of 9026.41 before ending just below 9000.

The local equities market was also up with the rise in WallStreet. The Philippine Stock Exchange Index (PSEi) partially close the chart gap at the 1962-1918 levels left open last Nov 28-Dec 3.

PSEi previous close - 1908.68

open: 1931.48 (+22.80)
high: 1952.62 (+43.94)
close: 1935.07 (+26.39 or +1.38%)

Value turnover: PhP 1.902 bn
Cross transactions: PhP 881 mn

Advancers 53
Decliners 31
Unchanged 43

Sectoral Indices.
Holdings +2.26%
M-O +2.08%
Property +1.95%
Industrial +1.80%
Services +0.78%
Financial +0.59%

The Day's Top Gainers:
RFM: PhP 0.27; +35.00%
PIP: PhP 0.79; +19.70%
PCOR: PhP 5.70; +18.75%

The Day's Biggest Decliners:
FAF: PhP 0.40; -20.00%
IS: PhP 0.037; -13.95%
HLCM: PhP 1.86; -11.43%

Asian equities markets were mostly up.
The Philippine Peso was at PhP 48.400 vs US$ 1.00.

The Philippine Stock Market - December 8, 2008

The local equities market continues to consolidate at the 1900 level. The Philippine Stock Exchange Index (PSEi) ended with moderate gains and low volumes.

PSEi previous close - 1888.96 (December 5)

open: 1890.58 (+1.62)
high: 1912.86 (+23.80)
close: 1908.68 (+19.72 or +1.04%)

Value turnover: PhP 1.149 bn
Cross transactions: PhP 738 mn

Taking out the crosses today will leave value turnover at just less than half a billion pesos.

Advancers 36
Decliners 29
Unchanged 51

Sectoral Indices.
Holdings +3.28%
M-O +1.96%
Property +1.29%
Industrial +0.76%
Services +0.35%
Financial +0.20%

The Day's Top Gainers:
MAB: PhP 0.0075; +25.00%
MA: PhP 0.0075; +15.38%
PCOR: PhP 4.80; +10.34%

The Day's Biggest Decliners:
PAL: PhP 2.10; -34.38%
BSC: PhP 0.125; -16.67%
ORE: PhP 0.34; -15.00%

At mid-day:
Asian equities markets were up.
The Philippine Peso was stronger at PhP 48.759 vs US$ 1.00.

Trading in WallStreet - December 5, 2008

Dow Jones Industrial Average (DJIA) Summary
Index Value: 8,635.42
Trade Time: Dec 5
Change: Up 259.18 (+3.09%)
Prev Close: 8,376.24
Open: 8,376.08
Day's Range: 8118.50 - 8686.47

The Philippine Stock Market - December 5, 2008

The Dow Jones Industrial Average (DJIA) was down by 215.45 points to close at 8376.24. The tech-laden Nasdaq was lower by 46.82 to end at 1445.56 as of Dec 4.

The local equities market continues to trade in a narrow range below the 1900 level with low value turnover. The Philippine Stock Exchange Index (PSEi) closed little changed.

Philippine Inflation was down to single digit levels at 9.9% ( 6-month low) in November.
The US Labor Market lost 250,000 jobs in Nov., the highest decline in 6 years.

PSEi previous close - 1890.89 (December 4)

open: 1879.72 (-11.17)
low: 1876.44 (-14.45)
high: 1899.77 (+8.88)
close: 1888.96 (-1.93 or -0.10%)

Value turnover: PhP 918 mn
Cross transactrions: PhP 357 mn

Advancers 21
Decliners 49
Unchanged 43

Sectoral Indices.
M-O -2.97%
Property -1.72%
Holdings -1.07%
Industrial -0.88%
Financial -0.87%
Services +1.51%

The Day's Top Gainers:
EIBA: PhP 0.195; +39.29%
TDY: PhP 2.02; +26.25%
SGI: PhP 0.38; +18.75%

The Day's Biggest Decliners:
LIHC: PhP 3.10; -18.42%
OPMB: PhP 0.0080; -11.11%
PTC: PhP 78.00; -8.24%

At mid-day:
Asian equities markets were mixed.
The Philippine Peso was at PP 49.256 vs US$ 1.00.

The Philippine Stock Market - December 4, 2008

Dow Jones Industrial Average (DJIA) Summary
Index Value: 8,591.69
Trade Time: Dec 3
Change: Up 172.60 (+2.05%)
Prev Close: 8,419.09
Open: 8,409.14
Day's Range: 8234.15 - 8624.19

After a weak open, WallStreet closes near its high. The local equities market on the other hand trades in a narrow range. The Philippine Stock Exchange Index (PSEi) consolidates near the 1900 level.

PSEi previous close - 1905.28 (December 3)

open: 1906.83 (-1.55)
high: 1907.66 (+2.38)
low: 1885.32 (-19.96)
close: 1890.89 (-14.39 or -0.76%)

Value turnover: PhP 719 mn
Cross transactions: PhP 303 mn

Advancers 24
Decliners 59
Unchanged 35

Sectoral Indices.
M-O -2.08%
Property -1.10%
Industrial -0.90%
Holdings -0.90%
Financial -0.69
Services -0.20%

The Day's Top Gainers:
ATN: PhP 4.30; +17.81%
APO: PhP 0.70; +16.67%
ATI: PhP 2.95; +7.27%

The Day's Biggest Decliners:
VITA: PhP 0.15; -21.05%
MED: PhP 0.155; -16.22%
SGI: PhP 0.32; -15.79%

At mid-day:
Asian equities markets were mixed.
The Philippine Peso was at PhP 49.184 vs US$ 1.00.

The Philippine Stock Market - December 3, 2008

Dow Jones Industrial Average (DJIA)
Index Value: 8,419.09
Trade Time: Dec 2
Change: Up 270.00 (+3.31%)
Prev Close: 8,149.09
Open: 8,153.75
Day's Range: 8143.51 - 8437.17


The rebound in WallStreet had the local equities market advance. The Philippine Stock Exchange Index (PSEi) advanced above the 1900 level.

PSEi previous close - 1879.87 (December 2)

open: 1889.87 (+10.00)
high: 1923.54 (+43.67)
close: 1905.28 (+25.41 or 1.35%)

Value turnover: PhP 1.179 bn
Cross transactions: PhP 457 mn
Block Sales: 1 billion shares FLI at PhP 0.372 = PhP 372 mn

Advancers 35
Decliners 58
Unchanged 34

Sectoral Indices:
Services +2.27%
Property +1.46%
Industrial +0.93%
M-O +0.76%
Financial -0.50%
Holdings -0.38%

The Day's Top Gainers:
LSC: PhP 1.30; +25.00%
PEP: PhP 0.68; +23.64%
PWR: PhP 0.18; +12.50%

The Day's Biggest Decliners:
TDY: PhP 1.60; -20.79%
ORE: PhP 0.43; -15.69%
ALHI: PhP 5.00; -15.25%

At mid-day:
Asian equites markets were mostly up.
ThePhilippine Peso was at PhP 49.334 vs US$ 1.00.

The Philippine Stock Market - December 2, 2008

Dow Jones Industrial Average (DJIA)
Index Value: 8,149.09
Trade Time: Dec 1
Change: Down 679.95 (-7.70%)
Prev Close: 8,829.04
Open: 8,826.89
Day's Range: 8141.36 - 8827.05

WallStreet started the month of December with a huge correction from last week's gains. It closed near its low at just above the 8100 level.

The local equities market resumed trading after the long weekend weighed down by a heavy sell down in WallStreet. The Philippine Stock Exchange Index (PSEi) also corrected and gave back almost half of its gains the previous week. It too, closed near its low and was below the 1900 level.

PSEi previous close 1971.57 (November 28)

open: 1918.06 (-53.51)
low: 1875.23 (-96.34)
close: 1879.87 (-91.70 or -4.65%)

Value turnover: PhP 1.032 bn
Cross transactions: PhP 292 mn

Advancers 17
Decliners 86
Unchanged 21

The Day's Only Index Gainer:
ICT: PhOP 15.75; +1.61%

The Day's Top Gainers:
OMW2: PhP 0.0040; +81.82%
ROX: PhP 3.00; +30.43%
PWR: PhP 0.16; +23.08%

The Day's Biggest Decliners:
CRC: PhP 2.90; -25.64%
ORE: PhP 0.51; -23.88%
APO: PhP 0.60; -14.29%

At mid-day:
Asian equities markets were lower
The Philippine Peso was at PhP 49.464 vs US$ 1.00.

Trading in WallStreet - November 28, 2008

Dow Jones Industrial Average (DJIA) Summary
Index Value: 8,829.04
Trade Time: Nov 28
Change: Up 102.43 (+1.17%)
Prev Close: 8,726.61
Open: 8,724.70
Day's Range: 8672.69 - 8831.35

WallStreet ends the week in a positive note as it gains more than 100 points in abbreviated trading.

The Philippine Stock Market - November 28, 2008

With WallStreet closed for Thanksgiving and giving no leads, and after having gone up more than 200 points (or more than 11% already) earlier this week, the local equities market closed flat ahead of the long weekend. The Philippine Stock Exchange Index (PSEi) traded within a very narrow 13 point range.

PSEi previous close - 1967.01 (November 27)

open: 1966.91 (-0.10)
low: 1962.87 (-4.14)
high: 1975.53 (+8.52)
close: 1971.57 (+4.56 or +0.23%)

Value turnover: 1.311 bn
Cross transactions: 379 mn

Block Sales: 389,335,295 shs PX @ PhP 7.92
----------------389,310,396 shs PX @ PhP 7.92
--------------------------------Total PhP 6.166 bn
The First Pacific Group completes its buying of 20% (treasury shares) of Philex Mining (PX).

Advancers 45
Decliners 36
Unchanged 50

Sectoral Indices.
M-O +6.16%
Property +0.44%
Services +0.11%
Holdings +0.06%
Financial -0.09%
Industrial -1.02%

The Day's Top Gainers:
FAF: PhP 0.50; +31.58%
ASIA: PhP 5.60; +16.67%
APX: PhP 1.30; +16.07%

The Day's Biggest Decliners:
APO: PhP 0.70; -23.91%
FED: PhP 2.50; -19.35%
DIZ: PhP 1.30; -15.58%

At mid-day:
Asian equities markets were mixed.
The Philippine Peso was at PhP 48.780 vs US$ 1.00.

PSE Memorandum 2008-0555
There will be no Trading on December 1, 2008 (Monday) in observance of Bonifacio Day per Proclamation No. 1463 issued on February 18, 2008.

*****Gasoline prices were cut by as much as PhP 5.00 per liter.

The Philippine Stock Market - November 27, 2008

Dow Jones Industrial Average (DJIA) Summary
Index Value: 8,726.61
Trade Time: Nov 26
Change: Up 247.14 (+2.91%)
Prev Close: 8,479.47
Open: 8,464.49
Day's Range: 8311.17 - 8726.61

WallStreet climbed higher by almost 3% as the DJIA closed at its high ahead of the Thanksgiving break. It has now risen more than a thousand points in the last four trading sessions.

The local equities market continues its advance as sentiment in WallStreet spilled over. The Philippine Stock Exchange Index (PSEi) immediately opened higher and consolidated for the rest of the trading day as it tries to build a base at the 1900-1950 level.

The Philippine Economy expands to a 4.6% year on year growth in the 3rd Qtr of 2008. (The US on the other hand fell 0.5% in the same period).

PSEi previous close - 1932.91 (November 26)

open - 1970.82 (+37.91)
high - 1986.59 (+53.58)
close - 1967.01 (+34.10 or + 1.76%)

Value turnover: PhP 2.107 bn
Cross transactions: PhP 787 mn

Advancers 66
Decliners 21
Unchanged 43

Sectoral Indices.
Property +3.84%
Industrial +2.78%
Holdings +2.01%
M-O +1.25%
Financial +1.07%
Services +0.70%

The Day's Top Gainers:
FAF: PhP 0.38; +15.15%
ASIA: PhP 4.80; +14.29%
PA: PhP 0.085; +13.33%

The Day's Biggest Decliners:
LND: PhP 0.20; -13.04%
VITA: PhP 0.185; -11.90%
CYBR: PhP 0.21; -6.67%

At mid-day:
Asian equities markets were up with the exception of Thailand.
The Philippine Peso was at PhP 48.891 vs US$ 1.00.

The Philippine Stock Market - November 26, 2008

Dow Jones Industrial Average (DJIA) Summary
Index Value: 8,479.47
Trade Time: Nov 25
Change: Up 36.08 (+0.43%)
Prev Close: 8,443.39
Open: 8,445.14
Day's Range: 8281.46 - 8607.38

WallStreet consolidated after the steep rise the previous days. The local equities market, after a tentative start continued its advance above the 1900 level. The Philippine Stock Exchange Index (PSEi) closed at its high and ended with moderate gains.

PSEi previous close - 1908.18 (November 25)

open: 1910.72 (+2.54)
low: 1907.30 (-0.88)
high/close: 1932.91 (+24.73 or +1.30%)

Value turnover: PhP 1.471 bn
Cross transactions: PhP 608 mn

Advancers 31
Decliners 44
Unchanged 45

Sectoral Indices.
Services +2.14%
Property +2.08%
Industrial +0.90%
Holdings +0.27%
Financial -0.59%
M-O -1.03%

The Day's Top Gainers:
ORE: PhP 0.75; +50.00%
RLT: PhP 0.20; +14.29%
VITA: PhP 021; +10.53%

The Day's Biggest Decliners:
JTH: PhP 0.85; -36.57%
CPV: PhP 1.26; -10.00%
EVER: PhP 0.0070; -9.68%

At mid-day:
Asian equites markets were mixed.
The Philippine Peso was at PhP 49338 vs US$ 1.00.

The Philippine Stock Market - November 25, 2008

Dow Jones Industrial Average (DJIA) Summary
Index Value: 8,443.39
Trade Time: Nov 24
Change: Up 396.97 (+4.93%)
Prev Close: 8,046.42
Open: 8,048.09
Day's Range: 8048.09 - 8599.02

WallStreet got a huge boost on the news of the bailout of Citigroup. It has now advanced almost 900 points in the past two trading sessions (Friday and Monday) as it got back its steep losses of around 870 points last Nov 19-20 (Wednesday and Thursday).

The local equities market again tracked the movement in WallStreet. The Philippine Stock Exchange Index (PSEi) however advanced more today than yesterday, as it tested the 1900 level after closing near its high and ending up by 108 points.

PSEi previous close - 1799.72 (November 24)

open - 1835.77 (+36.05)
high - 1911.84 (+112.12)
close - 1908.18 (+108.46 or + 6.03%)

Value turnover: PhP 1.905 bn
Cross transactions: PhP 615 mn
Block Sale: 20000 shs TEL @ PhP 2199.87 = PhP 43.997 mn

Advancers 77
Decliners 26
Unchanged 24

Sectoral Indices.
Services +6.17%
Financial +5.89%
Property +5.24%
Holdings +4.39%
Industrial +3.96%
M-O +3.85%

The Day's Top Gainers:
ION: PhP 0.40; +29.03%
MVC: PhP 0.38; +26.67%
ORE: PhP 0.50; +25.00%

The Day's Biggest Decliners:
ICTV: PhP 0.61; -39.00%
MED: PhP 0.185; -19.57%
MRC: PhP .125; -16.67%

At mid-day:
Asian equities markets were up.
The Philippine Peso was at PhP 49.609 vs US 1.00

The Philippine Stock Market - November 24, 2008

The big advance in WallStreet boosts investor sentiment and the local equities market rises to go against the trend in the other asian stock markets. The Philippine Stock Exchange Index (PSEi) tests the 1800 level.

PSEi previous close - 1765.90 (November 21)

time---------up----------PSEi
9:31-------45.25-------1811.15

The PSEi immediately goes above the 1800 level.

9:34-------48.08
9:38-------48.28-------1814.18 (day's high)
9:45-------45.63
9:47-------41.28
9:47-------39.87
9:59-------40.99
10:18------37.47
10:20------34.80-------1800.70

The PSEi goes under the 1800 level once again and the market trades in a narrow range for the rest of the trading session.

10:28------30.40
10:35------29.73

10:43------30.91
10:52------27.62
10:55------25.79-------1791.69
11:00------29.18
11:11------29.85
11:22------27.48
11:33------30.11
11:37------32.37
11:42------32.53
11:48------33.71
11:51------34.99------1800.89
11:55------33.01
11:58------32.38
11:59------29.53
12:01------33.83------1799.72 (+1.92%)
Market Close.

Value turnover: PhP 1.151 bn
Cross transactions: PhP 355 mn

Advancers 49
Decliners 43
Unchanged 29

Sectoral Indices.
M-O +3.02%
Servces +3.01%
Property +1.67%
Holdings +0.54%
Financial +0.28%
Industrial +0.09%

The Day's Top Gainers:
BCB: PhP 9.50; +46.15%
WEB: PhP 0.027; +22.73%
BRN: PhP 3.00; +9.09%

The Day's Biggest Decliners:
ASIA: PhP 4.10; -19.61%
ACR: PhP 0.26; -16.13%
SGI: PhP 0.40; -11.11%

At mid-day:
Asian equities markets were down.
The Philippine Peso was at PhP 49.849 vs US$ 1.00.

Trading in WallStreet - November 21, 2008

Dow Jones Industrial Average (DJIA) Summary
Index Value: 8,046.42
Trade Time: Nov 21
Change: Uo 494.13 (+6.54%)
Prev Close: 7,552.29
Open: 7,552.37
Day's Range: 7449.38 - 8071.75

A strong rally in the late afternoon session in WallStreet, had the DJIA close near its high and above the 8000 level.

The Philippine Stock Market - November 21, 2008

Dow Jones Industrial Average (DJIA) Summary
Index Value: 7,552.29
Trade Time: Nov 20
Change: Down 444.99 (-5.56%)
Prev Close: 7,997.28
Open: 7,995.53
Day's Range: 7506.97 - 8187.40

After a weak open, WallStreet rallied and tried to stay above the 8000 level by mid-day. A huge sell-off in the afternoon session had the DJIA close down by more than 5.5% and touch its lowest level since March 2003.
The support level seen for the DJIA is at 7197, the Oct. 10, 2002 low.

The local equities market also continues its drop. The Philippine Stock Exchange Index (PSEi) breaks below the 1800 level.

PSEI - 1842.33 (November 20)

time--------down---------PSEi
9:31-------18.43--------1823.90

TEL opens at PhP 2170 from a previous close of PhP 2180.

9:32-------23.07
9:33-------26.40
9:34-------28.59
9:35-------32.14
9:38-------33.48
9:40-------34.20
9:42-------34.75---------1807.58
9:43-------57.09---------1785.24

TEL trades at PhP 2100 and the PSEi falls below the 1800 level.

9:45-------69.33

After the steep drop in the first 15 minutes of trading; the market again moves in a narrow range for the rest of the trading day.

9:46-------71.29
9:50-------68.87
9:58-------64.70
10:18------67.83
10:23------70.27
10:27------74.26---------1768.07
10:28------71.76
10:33------69.68
10:45------70.72
10:53------71.43
10:57------74.22
11:08------72.49
11:12------73.63
11:13------74.60
11:15------74.77
11:19------75.55
11:25------76.37
11:28------72.42
11:34------70.53---------1771.80
11:36------72.53
11:39------76.01
11:40------77.10
11:41------77.31
11:44------77.74
11:50------77.80
11:53------78.55----------1763.78 (day's low)
11:59------76.60
12:01------76.43----------1765.90 (-4.15%)
Market Close.

Value turnover: PhP 1.164 bn
Cross transactions: PhP 310 mn

The PSEi support is seen at the 1726-1756 chart gap left open last Oct. 28-29, 2008.
The lone index issue gainer was RLC (+3.03%).
TEL accounted for 34.52 points of today's decline. It closed at PhP 2060 (-5.50%) from a previous close of PhP 2180.

Advancers 11
Decliners 79
Unchanged 34

Sectoral Indices fell across-the-board.
Services -4.70%
property -4.67%
Industrial -4.65%
Holdings -3.41%
M-O -2.76%
Financial -1.29%

The Day's Top Gainers:
TELT: PhP 12.00; +14.29%
IS: PhP 0.043; +13.16%
MUSX: PhP 0.18; +12.50%

The Day's Biggest Decliners:
JTH: PhP 1.34; -29.49%
APO: PhP 0.85; -15.00%
MFC: PhP 850.00; -15.00%

At mid-day:
Asian equities were down but were off their lows.
The Philipine Peso was at PhP 50.076 vs US$ 1.00.

The Philippine Stock Market - November 20, 2008

Dow Jones Industrial Average (DJIA) Summary
Index Value: 7,997.28
Trade Time: Nov 19
Change: Down 427.47 (-5.07%)
Prev Close: 8,424.75
Open: 8,420.69
Day's Range: 7987.08 - 8504.64
52wk Range: 7,773.71 - 13,850.90

WallStreet suffers another huge drop on continuing concerns of the ailing automotive industry which could cost up to 3 million jobs. Ths Big 3 manufacturers are seeking a bailout plan for te industry. The DJIA broke below the 8000 level and closed near its low.

The big loss in WallSTreet again unnerves asian stock markets and the local equities market immediately opened lower. The Philippine Stock Exchange Index (PSEi) was not able to recover and once again fell below the 1900 level.

PSEi previous close - 1908.18 (November 19)

open 1860.52 (-47.66)
low 1833.69 (-74.49)
close 1842.33 (-65.85 or -3.45%)

Value turnover: PhP 1.384 bn
Cross transactions: PhP 303 mn
Block Sales: 2,780,500 PSE shs @ PhP 120 = PhP 333.660 mn
-------------10,000 TEL shs @ 2287.85 = PhP 38.893 mn

Advancers 12
Decliners 95
Unchanged 22

There was no index issue gainer.

Sectoral Indices.
M-O -4.73%
Industrial -3.97%
Property -3.80%
Services -3.51%
Holdings -2.81%
Financial -2.67%

The Day's Top Gainers:
DFN: PhP 500; +25.00%
ACR: PhP 0.31; +10.71%
HP: PhP 2.30; +9.52%

The Day's Biggest Decliners:
SUN: PhP 0.14; -36.36%
OMW2: PhP 0.0022; -26.67%
MVC: PhP 0.30; -25.00%

At mid-day:
Asian equities markets were down.
The Philippine Peso was at PhP 49.982 vs US$ 1.00.

The Philippine Stock Market - November 19, 2008

Dow Jones Industrial Average (DJIA) Summary
Index Value: 8,424.75
Trade Time: Nov 18
Change: Up 151.17 (+1.83%)
Prev Close: 8,273.58
Open: 8,273.34
Day's Range: 8,105.44 - 8,477.95

Another erratic trading day in WallStreet. This time, the last hour huge swing the DJIA has been experiencing lately, was upwards. The DJIA is testing the support at 8000.

The local equities market took its cue from the advance in WallStreet and went against the downward trend in the other asian stock markets. The Philippine Stock Exchange Index (PSEi) was able to go above the 1900 level.

PSEi previous close - 1873.60 (November 18)

time----------change-----------PSEi
9:31------down 1.32----------1872.28 (day's low)

After the initial drop, the market surges.

9:34-------up 26.40
9:38----------26.04---------1900.00

The market touches the 1900 level.

9:40-------up 29.50
9:41----------32.44
9:42----------33.78
9:49----------37.34
9:50----------41.66
9:53----------42.95--------1916.55 (day's high)
9:54----------37.91

After the initial rise, the market again moves in a narrow range just above the 1900 level for the rest of the trading session.

10:02------up 36.12
10:03---------31.97
10:07---------30.95
10:18---------32.53
10:30---------34.86
10:35---------35.38
10:46---------34.40
10:52---------33.18
10:55---------35.13
11:02---------33.12
11:04---------34.41
11:11---------33.48
11:16---------35.04
11:28---------32.34--------1905.94

At this point:
Value turnover: PhP 640 mn
Cross transactions: PhP 180 mn

PLDT (TEL) accounts form 31.64 pts of the gains so far. It is trading at PhP 2250 from a previous close of PhP 2140.

11:37------up 32.57
11:40---------31.94
11:49---------32.08
11:52---------29.53
11:54---------28.52-------1902.12
11:59---------29.51
12:01---------34.58-------1908.18 (+1.85%)
Market Close.

Value turnover: PhP 1.277 bn
Cross transactions: PhP 434 mn
Block Sales: 1,500,000 shs MWC @ PhP 13.81 = PhP 20.713 mn
--------------- 27,000 shs TEL @ PhP 2212.30 = PhP 59.732 mn
----------------10,000 shs TEL $ PhP 2201.36 = PhP 22.013 mn

Advancers: 31
Decliners: 58
Unchanged: 38

Sectoral Indices:
Services +4.33%
Financial +0.79%
Property +0.47%
Holdings -0.67%
M-O -0.67%
Industrial -0.87%

The Day's Top Gainers:
ABA: PhP 0.60; +20.00%
RCM: PhP 1.18; +18.00%
KEP: PhP 0.95; +11.76%

The Day's Biggest Decliners:
UNI: PhP 0.065; -35.00%
BCB: PhP 6.50; -35.00%
FPJB: PhP 0.80; -33.33%

At mid-day:
Asian equities markets were down.
The Philippine Peso was at PhP 49.976 VS US$ 1.00.

The Philippine Stock Market - November 18, 2008

Dow Jones Industrial Average (DJIA) Summary
Index Value: 8,273.58
Trade Time: Nov 17
Change: Down 223.73 (-2.63%)
Prev Close: 8,497.31
Open: 8,494.84
Day's Range: 8246.89 - 8571.30

Another see-saw trading day in WallStreet. After a weak opening and a rally by mid-session which had the market higher, the DJIA fell in the afternoon and even closed near its low.

The local equities market was again dragged down by the negative sentiment in WallStreet and other asian stock markets. The Philippine Stock Exchange Index (PSEi) broke down after its previous day's consolidation and fell below 1900.

PSEi previous close - 1940.00 (November 17)

time-----------down----------PSEi
9:31---------22.81---------1917.19
9:32---------37.98---------1902.02

The 1900 level was immediately tested.

9:33---------23.86
9:34---------39.62---------1900.38

9:35---------42.07---------1897.93

The PSEi fell through the 1900 support and the market decline accelerates further.

9:38---------44.67
9:48---------45.03
9:56---------50.35
10:02--------54.97
10:14--------58.99
10:16--------61.13---------1878.87

10:23--------71.85
10:27--------74.69
10:30--------76.84---------1863.16

The chart gap at 1864-1903 (left open last October 30-31) was fully covered.

10:34--------77.76--------1862.24 (day's low)
10:39--------74.36--------1865.64

The market moves in a narrow range for the rest of the trading session.

10:44--------76.89
10:48--------73.10
10:54--------76.25
11:01--------71.70
11:10--------70.70
11:34--------69.11
11:44--------68.77
11:49--------68.15
11:56--------67.49
11:59--------69.98
12:01--------66.40--------1873.60 (-3.42%)
Market Close.

Value turnover: PhP 1.201 bn
Cross transactions: PhP 289 mn
Block Sale: 23,210,000 shs ANS @ PP 2.20 = PhP 51.602 mn

Advancers 8
Decliners 85
Unchanged 26

There was no index gainer. PLDT (TEL) which was keeping the market afloat because of its recent advances fell today and was the biggest drag on the PSEi. Value turnover in the market remained thin.


Sectoral Indices fell across-the-board.
Holdings -4.52%
Property -4.47%
Services -3.80%
M-O -3.54%
Industrial -2.88%
Fuinancial -1.05%

The Day's Top Gainers:
SPH: PhP 3.45; +15.00%
PHES: PhP 0.15; +7.14%
ATNB: PhP 4.30; +3.61%

The Day's Biggest Decliners:
MRC: PhP 0.13; -27.78%
ACR: PhP 0.26; -16.13%
GSMI: PhP 13.pp -14.75%

At mid-day:
Asian equities markets were down.
The Philippine Peso was at PhP 49.942 vs US$ 1.00.

The Philippine Stock Market - November 17, 2008

The local equities market traded with a downward bias after the large drop in WallStreet last Friday. The Philippine Stock Exchange Index (PSEi) again fell from the opening and trading was largely uneventful. The market continues its consolidation between the 1900-2000 levels.

PSEi previous close - 1978.05 (November 14)

open - 1972.82 (-5.23)
close - 1940.00 (down 38.05 or -1.92%)

Sectoral Indices.
Industrial -2.27%
Services -2.16%
Financials -1.85%
M-O -1.56%
Property -1.25%
Holdings -1.09%

Value turnover: PhP 1.075 bn

Advancers 9
Decliners 66
Unchanged 38

Trading in WallStreet - November 14, 2008

Dow Jones Industrial Average (DJIA) Summary
Index Value: 8,497.31
Trade Time: Nov 14
Change: Down 337.94 (-3.82%)
Prev Close: 8,835.25
Open: 8,822.19
Day's Range: 8469.99 - 8923.18

It was another volatile trading day in WallStreet. The DJIA was more than 300 points down by mid-session. It then recovered in the afternoon and even moved into positive territory. However, a huge sell-off in the last hour wiped out the recovery and had the DJIA close near its low at just under the 8500 level.

The Philippine Stock Market - November 14, 2008

Dow Jones Industrial Average (DJIA) Summary
Index Value: 8,835.25
Trade Time: Nov 13
Change: Up 552.59 (+6.67%)
Prev Close: 8,282.66
Open: 8,281.14
Day's Range: 7965.42 - 8876.59

WallStreet was weak in the early part of the trading day and even broke below the 8000 level. However, a strong recovery in the afternoon session had the DJIA close near its high. The rebound was a swing of around 900 points.

The local equities market responded positively to this huge rise in WallStreet. The Philippine Stock Exchange Index (PSEi) rose more than 3.0% for the day.

PSEi previous close - 1918.97 (November 13)

time----------up-----------PSEi
9:31--------51.98--------1970.95
9:35--------55.74
9:37--------58.96
9:39--------59.74
9:46--------60.00
9:47--------62.46
9:48--------63.44
9:50--------64.88
9:53--------66.55-------1985.52

After the market's early rise, the PSEi moved in a narrow range for the rest of the trading session.

9:57--------63.18
10:04-------59.60
10:09-------59.17
10:14-------58.39-------1977.36
10:16-------63.25
10:22-------65.86
10:28-------63.73
10:31-------67.35
10:44-------70.74
10:45-------71.29-------1990.26 (day's high)

The market lacked the momentum to test the 2000 level.

10:48-------69.85
10:51-------68.23
10:52-------66.79
10:54-------64.38
10:56-------63.99

11:00-------65.50
11:01-------67.23--------1986.20 (+3.50%)
11:03-------68.31
11:16-------66.33
11:25-------69.65
11:37-------67.68
11:40-------66.00
11:46-------63.75
11:48-------62.49
11:49-------61.33
11:54-------59.27
11:57-------58.19
11:58-------57.93--------1976.90
12:01-------59.08--------1978.05 (+3.08%)
Market Close.

Value turnover: PhP 1.373 bn
Cross transactions: PhP 451 mn
Block Sale: 10000 shs TEL @ 2106.55 = PhP 21.065 mn

Advancers 49
Decliners 26
Unchanged 47

Sectoral Indices.
Services +5.37%
Property +2.04%
Holdings +1.59%
Industrial +1.56%
Financial +0.06%
M-O -1.02%

The Day's Top Gainers:
BKD: PhP 1.26; +12.50%
APM: PhP 0.0060; +9.09%
IS: PhP 0.045; +7.14%

The Day's Biggest Decliners:
BCB: PhP 10.00; -28.57%
UNI: PhP 0.10; -23.08%
ORE: PhP 0.41; -10.87%

At mid-day:
Asian equities markets were higher.
The Philippine Peso was at PhP 49.306 vs US$ 1.00.

The Philippine Stock Market - November 13, 2008

Dow Jones Industrial Average (DJIA) Summary
Index Value: 8,282.66
Trade Time: Nov 12
Change: Down 411.30 (-4.73%)
Prev Close: 8,693.96
Open: 8,684.52
Day's Range: 8265.29 - 8684.60

It was another down day in WallStreet and the DJIA closed near its low. The big drop had the local equities market fall together with the other asian stock markets. The Philippine Stock Exchange Index (PSEi) however continue to show resiliency as it limited its losses.

PSEi previous close - 1948.72 (November 12)

time----------down----------PSEi
9:31---------16.91---------1931.81
9:32---------18.85
9:33---------28.92
9:36---------32.99
9:37---------33.13
9:39---------36.36
9:40---------37.45--------1911.27 (day's high)

After the initial decline, the PSEi moves in a narrow range for the rest of the session.

9:42---------30.24
9:50---------30.00
9:53---------28.24
10:04--------31.07
10:07--------32.19
10:09--------30.73
10:14--------30.41
10:24--------27.77
10:40--------32.69
10:45--------35.95---------1912.77
10:53--------32.45
11:01--------29.76
11:06--------28.29
11:12--------30.78
11:19--------33.65
11:23--------35.11
11:31--------32.77
11:32--------29.42
11:36--------26.28
11:42--------30.97
11:59--------35.83
12:01--------29.75---------1918.97 (-1.53%)
Market Close.

Value turnover: PhP 1.432 bn
Cross transactions: PhP 465 mn

The Huge Block sale of CRC was made today at PhP 2.47.

Advancers 11
Decliners 73
Unchanged 45

Sectoral Indices.
Property -2.48%
M-O -2.25%
Holdings -2.09%
Financial -1.86%
Industrial -1.46%
Services -0.66%

The Day's Top Gainers:
PCKH: PhP 10.00; +42.86%
MUSX: PP 0.17; +13.33%
OM: PhP 0.0070; +7.69%

The Day's Biggest Decliners:
MPI: PhP 2.34; -16.43%
DIZ: PhP 1.60; -15.79%
FAF: PhP 0.41; -14.58%

At mid-day:
Asian equites markets were lower.
The Philippine Peso was at PhP 49.377 vs US$ 1.00.

The Philippine Stock Market - November 12, 2008

Dow Jones Industrial Average (DJIA) Summary
Index Value: 8,693.96
Trade Time: Nov 11
Change: Down 176.58 (-1.99%)
Prev Close: 8,870.54
Open: 8,864.32
Day's Range: 8,560.71 - 8,867.91

WallStreet traded lower for the day and was down more than 300 points at one point. The local equities market continued on its consolidation and traded in a narrow 20-point range. The Philippine Stock Exchange Index (PSEi) closed little changed.

PSEi previous close - 1948.22 (November 11)

open - 1943.67
low - 1932.83 (-15.39)
high - 1952.66 (+4.44)
close - 1948.72 (+0.50 or +0.025%)

Value turnover: PhP 1.760 bn
Cross transactions: PhP 674 mn

Advancers 24
Decliners 61
Unchanged 43

Sectoral Indices.
Property -3.70%
Financial -1.57%
Industrial -1.30%
Holdings -1.23%
M-O -0.59%
Services +3.17%

The Day's Top Gainers:
ATNB: PhP 5.10; +27.50%
BHI: PhP 0.11; +12.82%
ATN: PhP 3.90; +11.43%

The Day's Biggest Decliners:
ACR: PhP 0.30; -16.67%
APM: PhP 0.0055; -15.38%
HI: PhP 1.22; -15.28%

The Philippine Stock Market - November 11, 2008

Dow Jones Industrial Average (DJIA) Summary
Index Value: 8,870.54
Trade Time: Nov 10
Change: Down 73.27 (-0.82%)
Prev Close: 8,943.81
Open: 8,946.60
Day's Range: 8760.46 - 9159.58

WallStreet was down and so were the asian stock markets. The Philippine Stock Exchange Index (PSEi) also started weak. It however erased its losses and ended with slight gains.

PSEi previous close - 1938.97

open - 1935.69
low - 1920.07 (-18.90)
high - 1952.95 (+13.98)
close - 1948.22 (+9.25 or 0.48%)

Value turnover: 1.435 bn
Cross transactions: PhP 492 mn
Block Sale: 10000 shs TEL @ 2034.50 = PhP 20.345 mn

The market is currently consolidating below the 1900-2000 level.

Sectoral Indices.
Services +2.77%
Industrial +0.51%
M-O -0.40%
Holdings -0.46%
Financial -0.97%
Property -1.05%

The Day's Top Gainers:
GSMI: PhP 16.50; +10.00%
CEU: PhP 7.00; +9.37%
SLF: PhP 1100.00; +8.91%

The Day's Biggest Decliners:
PCKH: PhP 7.00; -29.29%
ATNB: PhP 4.00; -19.19%
T: PhP 2.55; -10.53%

At mid-day:
Asian equities markets were lower.
The Philippine Peso was at PhP 48.790 vs US$ 1.00.

The Philippine Stock Market - November 10, 2008

With the DJIA rebounding last Friday, the local equities market together with the other asian stockmarkets were higher. The Philippine Stock Exchange Index (PSEi) however, gave back most of its early gains.

PSEi previous close - 1921.34 (November 7)

time---------change-----------PSEi
9:31-------up 26.24---------1947.58
9:33----------28.88
9:36----------32.70
9:42----------36.15---------1957.49 (day's high)

After the initial rise, the PSEi retreats

9:50-------up 29.20
9:52----------26.52
9:59----------23.22
10:01---------22.24

10:05---------26.83
10;10---------22.72
10:12---------20.16
10:21---------19.37
10:24---------19.03
10:26---------18.37
10:28---------16.51
10:30---------13.22
10:36---------11.74
10:41---------10.41---------1931.75

10:43-------up 9.86
10:47----------8.12
10:48----------7.49
10:55----------6.51
10:57----------3.49
10:59----------0.91
11:00----------0.36--------1921.70

11:01----down 2.23---------1919.11 (day' low)
11:03---------1.78

The PSEi briefly moves into negative territory but manages to regain ground. It moves in a very narrow range in the next half-hour.

11:04------up 0.40
11:06---------2.60
11:08---------3.27
11:13---------0.72
11:14---------2.86
11:17---------1.20
11:18---------0.63
11:19---------2.52
11:23---------2.72---------1924.06 (+0.14%)

At this point:
Value turnover: PhP 541 mn
Cross transactions: PhP 126 mn

Advancers 26
Decliners 43
Unchanged 34

11:24-----up 2.91
11:31--------1.92
11:34--------3.58

The market moves a little higher.

11:35-----up 5.33
11:38--------3.88
11:42--------4.24
11:47--------5.70

The PSEi finishes strong.

11:54----up 6.10
11:56-------8.41----------1929.75
11:57------12.74
11:58------13.61
11:59------14.10
12:01------17.63----------1938.97 (+0.92%)
Market Close.

Value turnover: PhP 1.321 bn
Cross transactions: PhP 464 mn

Advancers 40
Decliners 39
Unchanged 40

Sectoral Indices.
Financial +1.85%
Property +1.85%
Services +0.78%
Industrial +0.13%
M-O -0.12%
Holdings -1.77%

The Day's Top Gainers:
I: PhP 5.00; +40.85%
CRC: PhP 3.90; +34.48%
MHC: PhP 0.165; +22.22%

The Day's Biggest Decliners:
BKD: PhP 1.12; -13.85%
GSMI: PhP 15.00; -11.76%
WPI: PhP 0.26; -10.34%

At mid-day:
Asian equities markets were mostly up. A couple were already lower after being up earlier.
The Philippine Peso PhP 48.513 vs US$ 1.00.

Trading in WallStreet - November 7, 2008

Dow Jones Industrial Average (DJIA) Summary
Index Value: 8,943.81
Trade Time: Nov 7
Change: Up 248.02 (+2.85%)
Prev Close: 8,695.79
Open: 8,696.03
Day's Range: 8,696.03 - 8,961.57

After the worst two-day decline since the 1987 crash; WallStreet regained some ground to end near its high and close just below the 9000 level.

The US cuts 240,000 jobs in October and Unemployment rises to 6.5%, a 14-year high. Investors took this as a cue that will spur another FED Rate cut.

A metals trader says Gold can hit $2000 an ounce in a few years.

An hour before President-elect Barack Obama was to hold his first press conference, WallStreet had been up by around 170-200 points.

The Philippines cut its reserve rquirements in a hope to stoke growth.

The Philippine Stock Market - November 07, 2008

Dow Jones Industrial Average (DJIA) Summary
Index Value: 8,695.79
Trade Time: Nov 6
Change: Down 443.48 (-4.85%)
Prev Close: 9,139.27
Open: 9,134.01
Day's Range: 8637.17 - 9155.44

WallStreet suffered another selldown. As the DJIA broke below the 9000 level, the decline accelerated and it closed near its low. The DJIA is now down around 10% in the past two day's.

The local equities market also fell prey to a selldown. The decline however was arrested; and the Philippine Stock Exchange Index (PSEi) recovered most of the day's losses to close above the 1900 level.

PSEi previous close - 1941.62 (November 6)

time---------down----------PSEi
9:31--------39.03--------1902.59
9:32--------43.16--------1898.46

The 1900 level was immediately breached.

9:33-------46.47
9:34-------47.60
9:35-------50.27
9:37-------51.64--------1889.98

9:48-------48.02
9:45-------52.16--------1889.46 (day's low)

The chart gap at 1864-1903 left open last (Oct 30-31) was partially closed. This range is now the immediate support.

9:49------47.34
9:55------45.04
9:58------44.18
10:02-----42.97---------1898.65

10:09-----45.38
10:12-----38.24---------1903.38

The PSEi was able to hurdle the 1900 level again. Once it became evident that this level would hold, the market regains strength and slowly recovers.

10:13-----36.78--------1900.46
10:19-----35.72
10:24-----34.40
10:26-----30.74--------1910.88

10:30-----28.24
10:31-----23.07--------1918.55
10:32-----18.71
10:35-----16.87
10:36-----15.41
10:37-----12.50
10:39-----11.37--------1930.25

10:42-----14.95
10:48-----12.20

At this point, asian equities markets were down.

10:50-----11.82
10:53-----15.62
10:59-----12.50
11:07-----15.71
11:17-----17.63
11:24-----19.87
11:29-----17.18
11:32-----16.61
11:35-----17.86
11:37-----14.44--------1927.18

11:42-----17.25
11:44-----15.93
11:46-----18.04
11:47-----19.10
11:50-----20.29
11:54-----20.73
11:55-----22.72
11:56-----23.95
11:59-----25.93--------1915.69
12:01-----20.28--------1921.34 (-1.04%)
Market Close.

Value turnover: PhP 1.560 bn
Cross transactions: PhP 580 mn

Sectoral Indices.
Financial -4.71%
Holdings -3.53%
Industrial -2.05%
Property -0.88%
M-O -0.49%
Services +0.86%

The Day's Top Gainers:
MAC: PhP 3.50; +16.67%
RLT: PhP 0.205; +13.89%
PNX: PhP 3.60; +9.09%

The Day's Biggest Decliners:
MFC: PhP 1000.00; -22.48%
LR: PhP 1.30; -13.33%
LND: PhP 0.21; -12.50%

At mid-day:
A few asian stock markets were already higher.
The Philippine Peso was at PhP 48.804 vs US$ 1.00.

The Philippine Stock Market - November 06, 2008

Dow Jones Industrial Average (DJIA) Summary
Index Value: 9,139.27
Trade Time: Nov 5
Change: Down 486.01 (-5.05%)
Prev Close: 9,625.28
Open: 9,616.60
Day's Range: 9111.47 - 9616.60

WallStreet opened lower and continued its decline throughout the session and closed near its low.

The local equities market immediately followed the decline in the DJIA. The Philippine Stock Exchange Index (PSEi) fell below the key 2000 level after holding the past two days.

PSEi previous close - 2006.21 (November 5)

time---------down---------PSEi
9:31--------71.50-------1934.71
9:55--------81.68-------1924.53 (-4.07%)
10:13-------83.06-------1923.15 (day's low)
10:20-------80.58
10:29-------74.75
10:45-------68.02
11:00-------62.73-------1943.48 (-3.13%)
11:21-------58.24-------1947.97
11:38-------61.39
11:50-------65.06
11:55-------62.24
11:58-------59.25
11:59-------61.56
12:01-------64.59------1941.62 (-3.22%)
Market Close.

Value turnover: PhP 2.394 bn
Cross transactions: PhP 586 mn
Block Sale: 678,583,000 shs FDC @ PhP 1.00 = PhP 678.583 mn

Advancers: 9
Decliners: 84
Unchanged: 42

Sectoral Indices were all lower.
M-O -3.98%
Services -3.91%
Industrial -3.38%
Holdings -2.56%
Financial -2.14%
Property -1.81%

There was no index issue gainer.

The Day's Top Gainers:
VITA: PhP 0.24; +14.29%
MHC: PhP 0.135; +12.50%
LR: PhP 1.50; +11.94%

The Day's Biggest Decliners:
OMW2: PhP 0.0030; -40.00%
UPM: PhP 0.0040; -27.27%
IRC: PhP 0.50; -26.47%

At mid-day:
Asian equites markets were down.
The Philippine Peso was at PhP 48.484 vs US$ 1.00.

* Inflation for October was at 11.2%.

The Philippine Stock Market - November 05, 2008

Dow Jones Industrial Average (DJIA) Summary
Index Value: 9,625.28
Trade Time: Nov 4
Change: Up 305.45 (+3.28%)
Prev Close: 9,319.83
Open: 9,323.89
Day's Range: 9323.89 - 9653.95

WallStreet opened higher, held onto its gains and had a strong finishing kick to end near its high.

The local equities market also opened higher together with the other asian stock markets; as the large gains in the US boosted sentiment. The Philippine Stock Exchange Index (PSEi) however pulled back and continued its consolidation (from yesterday) near the 2000 level.

PSEi previous close - 2003.04 (November 4)

time----------change----------PSEi
9:31---------up 6.13--------2009.17
9:32-----------17.72--------2020.76
9:33-----------20.13
9:34-----------24.24
9:35-----------25.91
9:36-----------31.51
9:37-----------32.47--------2035.41 (day's high)

After the strong advance in the opening minutes, the market retreats.

9:40--------up 28.38
9:45-----------27.63
9:47-----------25.28
9:48-----------22.86
9:49-----------21.21
9:51-----------19.19
9:52-----------17.10
9:53-----------15.00
9:56-----------12.40
9:58-----------11.94
10:00----------10:66
10:02-----------9.37
10:04-----------8.81
10:05-----------6.18-------2009.22

10:08-----down 4.59--------1998.45

The PSEi moves into negative territory and moves below the 2000 level. The decline continues to accelerate.

10:10----down 7.54
10:13---------8.09
10:15---------8.66
10:17---------8.84
10:19--------11.06
10:21--------11.37
10:22--------13.52
10:23--------14.09
10:24--------15.74
10:26--------17.17
10:27--------18.87--------1984.17 (day's low)

10:30---down 16.63
10:31--------15.21

At this point, asian equities markets were up.

10:38---down 16.67
10:39--------17.09
10:40--------16.18
10:45--------13.98

The PSEi regains some ground.

10:48---down 12.89
10:50--------11.61
10:53---------8.33
10:54---------7.39
10:56---------7.23
10:58---------4.74
10:59---------4.15-------1999.31

The PSEi moves in a narrow range near the 2000 level in the final hour of trading.

11:03----down 3.73-------1999.31
11:09---------1.25
11:11---------1.06
11:12---------2.49
11:17---------2.90-------2000.14
11:21---------4.13
11:27---------1.95

11:29------up 0.61
11:30---------1.02
11:32---------4.04------2007.08
11:34---------1.21

11:35----down 0.29------2002.75

11:39------up 1.92
11:41---------4.26
11:43---------4.56
11:45---------5.64
11:47---------6.09
11:49---------6.29------2009.33
11:52---------4.73
11:58---------5.10
11:59---------3.61
12:01---------3.17------2006.21 (+0.15%)
Market Close.

Value turnover: PhP 2.496 bn
Cross transactions: PhP 747 mn
Block Sales: 10500 shs TEL @ PhP 2070.06 = PhP 21.735 mn
-------------44090 shs TEL @ PhP 2066.30 = PhP 90.882 mn
-------------30,000,000 shs EDC @ PhP 3.30 = PhP 99.000 mn

Advancers 63
Decliners 31
Unchanged 49

Sectoral Indices.
M-O +4.04%
Financial +0.47%
Property +0.37%
Holdings +0.33%
Industrial +0.23%
Services -0.11%

The Day's Top Gainers:
OMW2: PhP 0.0050; +66.67%
UW: PhP 0.11; +46.67%
PTC: PhP 85.00; +41.67%

The Day's Biggest Decliners:
ILIB: PhP 0.47; -27.69%
OM: PhP 0.0065; -23.53%
EIBA: PhP 0.17; -15.00%

At mid-day:
Asian equities markets were up.
The Philippine Peso was at PhP 48.115 vs US$ 1.00.

Barack Obama is elected as the 44th President of the United States.

The Philippine Stock Market - November 4, 2008

Dow Jones Industrial Average (DJIA)
Index Value: 9,319.83
Trade Time: Nov 3
Change: Down 5.18 (-0.06%)
Prev Close: 9,325.01
Open: 9,326.04
Day's Range: 9255.48 - 9410.55

WallStreet was tentative ahead of the US Presidential Elections. It also tried to shake off its volatility as it traded within a "narrow" 155 point range.

The local equities market continued on its strong momentum early in the day and was up by more than 2.0% by mid-session. Its large gains accumulated in the past day's however caught up with it and the Philippine Stock Exchange Index (PSEi) had a correction in the latter part of the trading day. It however, managed to hold at the 2000 level.

PSEi previous close - 2025.58 (November 3)

time----------change---------PSEi
9:31--------up 13.97--------2039.55
9:32-----------21.99
9:33-----------23.41
9:34-----------26.33--------2051.91

The 2050 level was reached.

9:36--------up 26.88
9:38-----------27.24

9:41--------up 23.94
9:43-----------22.20
9:48-----------21.98--------2047.56

9:53--------up 26.33--------2051.91

10:00-------up 23.36
10:05----------25.21
10:08----------27.21
10:09----------32.68--------2058.26

The market continues its advance.

10:10-------up 33.31
10:13----------35.86
10:14----------36.39
10:15----------39.07
10:16----------42.06
10:22----------42.86--------2068.44 (+2.11% - day's high)

The market begins to retreat.

10:25-------up 39.24
10:30----------37.52
10:33----------35.18
10:34----------32.40
10:36----------31.82
10:38----------30.45
10:41----------30.28
10:43----------28.71
10:58----------24.45
11:00----------24.02---------2049.60

The PSEi moves back below 2500 and its decline accelerates and continues in the last hour of trading.

11:04-------up 21.92
11:05----------20.20
11:06----------19.88
11:08----------19.46
11:10----------18.33
11:12----------17.01
11:14----------16.40
11:15----------14.88
11:16----------13.26
11:17----------12.89
11:19----------10.86
11:21-----------7.34
11:22-----------6.91
11:24-----------5.75
11:25-----------5.02
11:26-----------4.66
11:29-----------2.33
11:30-----------0.19---------2025.77

The market trades in negative territory in the last 30 minutes.

11:31-----down 1.98
11:32-----------6.42
11:33----------11.04
11:36----------12.56
11:37----------14.66
11:38----------15.59
11:39----------16.76
11:41----------19.52
11:42----------19.85
11:43----------21.99
11:44----------24.91
11:45----------25.05-----------2000.53

The 2000 level is tested.

11:46-----down 28.03-----------1997.55
11:48----------33.04
11:49----------34.21-----------1991.37 (day's low)
11:51----------30.62
11:52----------28.59
11:54----------30.10
11:57----------30.67
11:58----------27.40-----------1998.18
11:59----------22.91
12:01----------22.54-----------2003.04 (-1.11%)
Market Close.

Value turnover: PhP 2.940 bn
Cross transactions: PhP 807 mn

Advancers 35
Decliners 63
Unchanged 44

Sectoral Indices.
Property -3.12%
M-O -1.25%
Holdings -1.13%
Services -0.84%
Financial +0.30%
Industrial +1.01%

The Day's Top Gainers:
PO: PhP 3.25; +30.00%
MFIN: PhP 2.50; +25.00%
ILIB: PhP 0.65; +18.18%

The Day's Biggest Decliners:
ORE: PhP 0.45; -30.77%
SLI: PhP 0.50; -26.47%
VITA: PhP 0.21; -22.22%

At mid-day:
Asian equities markets were mixed.
The Philippine Peso was at PhP 48.807 vs US$ 1.00.

The Philippine Stock Market - November 03, 2008

The local equities market continued its recovery. The Philippine Stock Exchange Index (PSEi) closed above the key 2000 index level.

PSEi previous close - 1951.09 (October 31)

time--------up---------PSEi
9:31-------14.18------1965.27
9:32-------15.56
9:33-------19.19
9:36-------20.13------1971.22

After opening higher, the market becomes tentative.

9:39-------17.91
9:41-------16.04
9:42-------15.35
9:47-------12.96------1964.05 (day's low)

9:49-------17.60
9:54-------19.94
9:55-------22.60

Another round of buying boosts the market and investor confidence.

9:56-------23.16
9:57-------23.58
10:00------24.73
10:01------27.89
10:04------28.78------1979.87

10:06------29.96
10:07------30.26
10:09------31.91
10:10------32.77
10:12------33.99
10:13------34.19
10:14------34.92
10:17------35.47
10:18------37.15
10:19------37.34
10:20------38.02------1989.11

10:21------39.01
10:24------40.33
10:28------42.65
10:29------45.27
10:31------46.34
10:32------49.09------2000.18

The 2000 level is breached. The advance continues.

10:33------49.48
10:35------51.07
10:36------51.76
10:37------52.89
10:38------55.09
10:39------56.20
10:45------57.48
10:49------60.19------2011.28

10:50------61.24
10:52------63.48
10:55------66.15------2017.28

The market consolidates in the next half-hour.

11:00------62.05
11:01------60.65
11:03------60.13
11:10------59.64
11:15------60.13
11:17------61.59
11:22------62.70
11:23------64.43
11:28------66.11
11:30------66.58-------2017.67

The market moves even higher in the final 30 minutes of the trading session.

11:32------67.71
11:33------69.35
11:34------70.43-------2021.52
11:35------70.77
11:36------71.62
11:39------72.04-------2023.13

11:42------70.95
11:43------74.44-------2025.00

11:45------72.39
11:47------76.99
11:52------77.19
11:54------80.31-------2031.40 (day's high)

11:56------78.78
11:58------77.13
12:01------74.49-------2025.58 (+3.82%)
Market Close.

Value turnover: PhP 2.666 bn
Cross transactions: PhP 791 mn

Advancers 89
Decliners 20
Unchanged 25

The PSEi has now advanced more than 20% (for the past four trading days) after hitting a low of 1684 last Oct. 28. The PSEi needs to build a strong base at the 2000 level.

Sectoral Indices.
Property +5.16%
Industrial +4.61%
Holdings +4.22%
Services +3.10%
Financial +2.52%
M-O +2.00%

The Day's Top Gainers:
OM: PhP 0.010; +33.33%
ORE: PhP 0.65; +30.00%
MJC: PhP 3.00; +25.00%

The Day's Biggest Decliners:
FPHP: PhP 90.00; -9.55%
OPMB: PhP 0.011; -8.33%
OPM: PHP 0.011; -8.33%

At mid-day:
Asian equities markets were up.
The Philippine Peso was at PhP 48.793 vs US$ 1.00.

Trading in WallStreet - October 31, 2008

Dow Jones Industrial Average (DJIA) Summary
Index Value: 9,325.01
Trade Time: Oct 31
Change: Up 144.32 (+1.57%)
Prev Close: 9,180.69
Open: 9,179.09
Day's Range: 9,119.20 - 9,454.36

The Philippine Stock Market - October 31, 2008

Dow Jones Industrial Average (DJIA) Summary
Index Value: 9,180.69
Trade Time: Oct 30
Change: Up 189.73 (+2.11%)
Prev Close: 8,990.96
Open: 9,004.66
Day's Range: 8,976.87 - 9,266.47

WallStreet moved in a "narrower" 290 point range as it tries to build a base at the 9000 level. It was still a roller coaster ride with several reversals of directions; with the last one coming in at the final half hour of trading which brought the DJIA higher by more than 2.0% from its previous close.

The local equities market rode on its momentum from it's strong advances the past couple of days. The rise in WallStreet also boosted investor sentiment and the Philippine Stock Exchange Index (PSEi) broke above the 1900 level as it has risen more than 4.0% for the third straight day.

PSEi previous close - 1864.93 (October 30)

time-------------up------------PSEi
9:31-----------42.60----------1907.53

The 1900 level is immediately breached.

9:32-----------38.17
9:33-----------42.00
9:34-----------53.51
9:35-----------64.87
9:35-----------72.99
9:39-----------76.96
9:40-----------77.81
9:41-----------80.34
9:42-----------84.28
9:44-----------85.64----------1950.57

9:48-----------80.40
9:50-----------86.60
9:54-----------89.66
9:55-----------91.33
9:56-----------93.52
9:57-----------95.43----------1960.36 (+5.11%)

After the steep opening advance, the market retraces.

9:58-----------91.80
10:01----------86.55
10:05----------84.71
10:08----------78.81

10:09----------80.63
10:11----------77.32
10:12----------75.52
10:13----------71.53
10:15----------70.20
10:16----------68.50
10:17----------66.33
10:18----------65.46
10:19----------64.51

10:24----------67.07
10:31----------64.48-----------1929.41

After taking a breather for the last half-hour; the market gets its second wind.

10:35----------67.35
10:38----------70.50
10:46----------72.98
10:47----------73.26
10:50----------74.38
10:54----------76.49
10:56----------76.72
10:57----------77.30
10:59----------79.13
11:04----------80.90
11:06----------85.58
11:11----------86.86
11:12----------90.80
11:14----------91.82
11:16----------93.57
11:19----------94.63
11:20----------95.80
11:21----------96.11
11:26----------96.24-----------1961.17 (+5.16%)

11:32----------92.82
11:35----------94.93
11:41----------94.01
11:44----------95.21
11:47----------95.10
11:49----------99.98-----------1964.91 (+5.36%) day's high

11:50----------97.36
11:52----------94.75
11:56----------96.25
11:57----------91.71
11:58----------90.52
11:59----------87.48
12:01----------86.16-----------1951.09 (+4.62%)
Market Close.

Value turnover: PhP 3.866 bn
Cross transactions: PhP 880 mn

Advancers 99
Decliners 16
Unchanged 32

Sectoral Indices.
Property +6.04%
M-O +4.40%
Industrial +4.32%
Holdings +4.15%
Financial +3.44%
Services +3.33%

The Day's Top Gainers:
FAF: PhP 0.45; +50.00%
ILIB: PhP 0.55; +37.50%
IRC: PhP 0.68; +36.00%

The Day's Biggest decliners:
PO: PhP 2.50; -23.08%
MFC: PhP 1,100; -12.00%
LIHC: PhP 5.00; -10.71%

At mid-day:
Asian equities markets were mostly up.
The Philippine Peso was at PhP 48.856 vs US$ 1.00.


BLOCK SALES:
TEL: 35,000 shs @ PhP 1940 = PhP 67.900 mn
-----22,280 shs @ PhP 2155 = PhP 48.013 mn
AC: 161,470 shs @ 287.50 = PhP 46.422 mn
JFC: 804,500 shs @ 41 = PhP 32.984 mn
BPI: 1,045,600 shs @ 41 = PhP 42.869 mn
-------628,000 shs @ 40.50 = PhP 25.434 mn
ALI: 6,400,000 shs @ 7.80 = PhP 49.92 mn
-----4,595,000 shs @ 7.90 = PhP 36.300 mn
EDC: 13,940,000 shs @ PhP 3.65 = PhP 50.881 mn
SECB: 504,700 shs @ 55.00 = PhP 27.758 mn

SMC: 339,349,120 shs @ PhP 80 = PhP 27.147 bn
SM Investments Corp. (SMIC) sold its shares in San Miguel Corp. (which is around 10.757% of SMC) to San Miguel Corporation Retirement plan at PhP 80 per share. The price of SMC at today's closing is at PhP 48.00.

The Philippine Stock Market - October 30, 2008

Dow Jones Industrial Average (DJIA) Summary
Index Value: 8,990.96
Trade Time: Oct 29
Change: Down 74.16 (-0.82%)
Prev Close: 9,065.12
Open: 9,062.33
Day's Range: 8,890.29 - 9,363.32

The DJIA moved near the 9000 level for most of the trading day and rallied in the afternoon session to rise higher by nearly 300 points. Another late sell-down however, brought the market lower and back in negative territory to end just under 9000.
The US Fed cut interest rates by 1/2 of a percentage point to 1.00%.

The Philippine Stock Market had a tentative start but soon investors gained more confidence to give the market a stronger push. The Philippine Stock Exchange Index (PSEi) even advanced more than the previous day (when the DJIA had its second highest point gain on record). The strong momentum had the PSEi close at its high.

PSEi previous close - 1780.64 (October 29)

time------------up-------------PSEi
9:31-----------9.96-----------1790.60

The market moved in a narrow range just below the 1800 level in the early part.

9:33---------13.69
9:35----------8.62
9:36---------15.00------------1795.64
9:37---------10.93
9:44----------9.98
9:45---------11.25
9:49---------13.22
9:56---------11.79
10:04--------13.30
10:06--------15.61------------1796.25

The market builds up buying momentum.

10:07--------17.49
10:08--------18.45
10:11--------22.43------------1803.07

The PSEi breaks above the 1800 level and the advance accelerates.

10:13--------23.30
10:14--------29.63
10:16--------32.05
10:17--------33.27
10:18--------33.85
10:20--------34.86
10:21--------38.00
10:23--------40.41------------1821.05

The PSEi breaks yesterday's high at 1820.21. The market continues to pile up its gains.

10:24-------43.52
10:26-------45.54
10:27-------48.58
10:29-------50.80
10:30-------51.76
10:33-------55.51-------------1836.16(+3.11%)

The market is higher by more than 3.0%.

10:37-------56.34
10:38-------57.65

10:41-------54.16
10:46-------58.31
10:47-------61.82

10:52-------59.90
11:06-------58.80
11:09-------56.98
11:12-------55.05

11:15-------58.10
11:18-------59.73
11:19-------61.39
11:25-------65.80
11:30-------66.35
11:31-------69.27
11:33-------69.32
11:34-------71.38------------1852.02 (+4.01%)

The PSEi moves above the 1850 level and is up more than 4.0%.

11:35-------72.86
11:37-------73.16
11:38-------74.14
11:39-------75.93
11:40-------77.27
11:41-------80.53
11:43-------80.99
11:56-------81.66
11:59-------82.10
12:01-------84.29----------1864.93 (+4.73%)
Marker Close.

Value turnover: PhP 2.517 bn
Cross transactions: PhP 724 mn

Advancers 88
Decliners 21
Unchanged 27

Sectoral Indices.
M-O +9.11%
Property +6.58%
Holdings +6.46%
Industrial +5.53%
Financial +4.57%
Services +1.47%

The Day's Top Gainers:
OMW2: PhP 0.0030; +50.00%
DIZ: PhP 1.90; +31.94%
CEI: PhP 0.031; +29.17%

The Day's Biggest Decliners:
IRC: PhP 0.50; -16.67%
ALHI: PhP 5.20; -11.86%
FEU: PhP 575.00; -11.54%

At mid-day:
Asian equities market were higher.
The Philippine Peso was at PhP 48.771 vs US$ 1.00.

The Philippine Stock Market - October 29, 2008

Dow Jones Industrial Average (DJIA) Summary
Index Value: 9,065.12
Trade Time: Oct 28
Change: Up 889.35 (+10.88%)
Prev Close: 8,175.77
Open: 8,178.72
Day's Range: 8174.73 - 9082.08

After already moving higher for most of the day; WallStreet launched a huge rally in the last couple of hours of trading to close above the 9000 level.

The local equities market also had a strong rally to test the 1800 level. The Philippine Stock Exchange Index (PSEi) opened steeply higher but gave back some of its gains on some immediate profit taking.

PSEi previous close - 1704.41 (October 28)

time------------up--------------PSEi
9:31----------51.81------------1756.22
9:32---------105.87-----------1810.28

The 1800 level is tested.

9:33---------110.75
9:36---------113.61
9:40---------115.80-----------1820.21 (day's high)

After rising 6.79% in just 10 minutes, some investors (who were brave enough to buy in the last couple of days) took the opportunity to take profits. Most chose to wait for a pullback before deciding to buy.

9:45---------111.84
9:50---------102.36
9:54----------93.29-----------1797.70

The market falls back below 1800 and moves sideways in the next half hour.

10:02---------95.04
10:10---------92.68
10:17---------95.04
10:22---------92.09
10:27---------91.98
10:28---------90.22

The market moves a little lower and again consolidates in the next half hour.

10:30---------86.38
10:35---------85.50
10:38---------83.29
10:41---------82.60
10:43---------86.80
10:46---------85.34
10:48---------83.76
10:49---------85.23-----------1789.64 (+5.00%)
10:55---------85.27

The market again moves to lower levels where it moved in a narrow range in the final hour of the trading session.

11:02---------82.62
11:04---------79.94
11:09---------77.81
11:17---------77.63
11:21---------75.16
11:25---------73.63-----------1778.04

11:28---------76.74
11:45---------78.88
11:47---------81.84
11:54---------77.62
11:57---------75.20
11:59---------74.93
12:01---------76.23-----------1780.64 (+4.47%)
Market Close.

Value turnover: PhP 2.319 bn
Cross transactions: PhP 710 mn

Advancers 87
Decliners 27
Unchanged 41

Sectoral Indices advanced across-the-board.
M-O +5.89%
Services +5.70%
Industrial +3.66%
Holdings +3.63%
Property +3.15%
Financial +1.87%

The Day's Top Gainers:
UW: PhP 0.075; +50.0%
APXB: PhP 1.78; +48.33%
WPI: PhP 0.27; +28.51%

The Day's Biggest Decliners:
ILIB: PhP 0.40; -38.46%
MHC: PhP 0.0725; -19.44%
RLT: PhP 0.17; -15.00%

At mid-day:
Asian equities markets were up.
The Philippine Peso strengthened to PhP 48.938 vs US$ 1.00.

The Philippine Stock Market - October 28, 2008

Dow Jones Industrial Average (DJIA) Summary
Index Value: 8,175.77
Trade Time: Oct 27
Change: Down 203.18 (-2.42%)
Prev Close: 8,378.95
Open: 8,375.92
Day's Range: 8,143.59 - 8,599.10

The DJIA indeed opened lower (as the futures indicated - but not as low as the 8000 level) but immediately rallied to post a gain of more than 200 points by early afternoon. A sell-off in the last couple of hours of trading had the DJIA close near its low and lower by more than 200 points.
US Home Sales unexpectedly rose in September as prices drop.

The local equities market settled down after yesterday's record plunge. The Philippine Stock Exchange Index (PSEi) held its ground near the 1700 level.

PSEi previous close - 1713.83 (October 27)

time------------change-----------PSEi
9:31----------up 0.07----------1713.90
9:32--------down 0.16

9:49--------down 29.08---------1684.75 (day's low)

9:59-------------13.41---------1700.42

The PSEi goes above the 1700 level and holds for the rest of the trading session.

10:05-------down 0.18
10:06---------up 1.67----------1715.50

The market goes into positive territory.

10:34---------up 9.34
10:58-----------13.06----------1726.89 (day's high)
11:15------------0.55

The market gives back its slight gains and remains tentative.

11:17---------up 1.99
11:19-------down 0.16

11:33-------down 0.05
11:34---------up 0.28

11:36-------down 0.19
11:59-----------10.42
12:01------------9.42----------1704.41 (-0.55%)
Market Close.

Value turnover: PhP 1.960 bn
Cross transactions: PhP 414 mn
Block Sale: 30,000,000 shs EDC @ PhP 2.70 = PhP 81 mn

The market tries to settle down and find a base at the 1700 level. The support levels seen at 1680-1700 held for the day. Investors remain wary and uncertain.

Advancers 40
Decliners 62
Unchanged 29

Sectoral Indices.
M-O -1.72%
Services -1.54%
Financial -0.81%
Holdings -0.40%
Property +0.40%
Industrial +2.14%

The Day's Top Gainers:
MUSX: PhP 0.145; +45.00%
DFNN: PhP 5.20; +33.33%
MHC: PhP 0.090; +28.57%

The Day's Biggest Decliners:
APXB: PhP 1.20; -35.48%
WPI: PhP 0.21; -27.59%
UW: PhP 0.05; -23.08%

At mid-day:
Asian equities markets were mostly up after being down earlier.
The Philippine Peso was at PhP 49.484 vs US$ 1.00.

The Philippine Stock Market - October 27, 2008

Today will go down on record as a BLACK MONDAY in OCTOBER. The Philippine Stock Exchange Index (PSEi) fell a record 12.27% as it experienced a long continous decline. Investors scrambled to sell holdings on emotions (fear and panic) and on various economic concerns (volatility in the DJIA; lower company earnings; worldwide recession; inflation; job cuts; peso depreciation; fund redemptions etc).

PSEi previous close - 1953.49 (October 26)

time-----------down-------------PSEi
9:31----------20.62------------1932.87

The local equities market opened lower as it catches up with the drop in the other bourses last Friday. The PSEi falls further from the key 2000 level.

9:32----------22.38
9:34----------23.49------------1930.00
9:36----------42.49------------1911.00

The Oct. 25, 2005 low at 1917.98 is broken. The sell-down continues to cascade.

9:37----------44.41
9:38----------45.08
9:39----------45.93------------1907.96
9:40----------58.35------------1895.14

The 1900 level is broken. The decline continues to accelerate.

9:42----------61.09
9:43----------61.58
9:44----------61.88
9:46----------65.65
9:47----------72.20
9:49----------73.53
9:50----------75.61
9:51----------77.72
9:52----------79.37
9:53----------80.31-------------1873.18 (-4.11%)

9:44----------83.58
9:56----------89.61-------------1863.88 (-4.59%)

The September 12, 2005 low at 1866.08 is broken. The market continues to look for a support.

9:59----------90.13
10:00---------90.77
10:02---------93.70
10:03--------101.13-------------1852.36 (-5.18%)

10:04---------98.45
10:07--------102.06
10:08--------103.40
10:09--------106.62
10:10--------108.33-------------1845.16 (-5.55%)
10:11--------112.95
10:12--------114.42
10:13--------116.74-------------1836.75 (-5.98%)
10:14--------120.56
10:15--------121.60-------------1831.89 (-6.22%)

The decline temporarily halts in the next ten minutes.

10:18--------119.37
10:20--------113.47
10:22--------116.56
10:23--------117.22

10:26--------122.29-------------1831.20 (-6.26%)

The sell-off resumes.

10:27--------124.09
10:28--------127.25
10:29--------128.33
10:30--------131.80
10:31--------132.64
10:32--------134.67
10:33--------134.79
10:34--------136.40
10:35--------137.03--------------1816.46 (-7.01%)

10:36--------138.37
10:39--------138.79
10:40--------141.16
10:41--------142.31
10:42--------144.25
10:44--------145.94
10:46--------147.22
10:47--------148.03--------------1805.46 (-7.58%)

The July 4, 2005 low at 1805.49 is broken.

10:49--------148.75
10:50--------148.94
10:51--------149.15--------------1804.34 (-7.64%)

10:54--------145.27
10:58--------148.56
10:59--------152.80--------------1800.69 (-7.82%)

With still an hour to go and the PSEi down already nearly 8% and the 1800 level tested; investors agained turned panicky as the 10% threshhold decline is within sight. If this is reached, the market will be halted.

11:00--------161.81--------------1791.68

There was no more stopping the wild selldowns.

11:02--------162.71--------------1790.78
11:04--------165.02--------------1788.47 (-8.44%)

The Dec. 21, 2004 low at 2790 is broken.

11:06--------165.47
11:07--------167.30--------------1786.19 (-8.56%)
11:08--------167.88
11:09--------170.11
11:11--------170.58
11:12--------174.35
11:13--------176.74--------------1776.15 (-9.05%)
11:14--------181.60
11:15--------183.93
11:17--------187.64--------------1765.85 (-9.61%)
11:18--------188.48
11:19--------193.21
11:20--------194.91--------------1758.58 (-9.98%)

11:23--------196.03--------------1757.46 (-10.03%)

Trading in the Philippine Stock Exchange is halted. The 10% decline "circuit breaker" is reached. Trading is to resume in 15 minutes. This temporarily suspension was supposed to stymie the panic selling in the market.

At this point:
Value turnover: PhP 964 mn
Cross transactions: PhP 283 mn

Advacers 2
Decliners 112
Unchanged 12

11:38--------201.12-------------1752.37 (-10.30%)

The trading halt only pent up selling pressure. A new wave of selldowns even accelerates the drop.

11:39-------206.57
11:40-------208.14
11:41-------208.66
11:42-------210.77---------------1742.72 (-10.74%)

The November 16, 2004 low at 1743.60 is broken.

11:43-------212.49
11:44-------215.46---------------1738.03 (-11.03%)
11:45-------218.90
11:46-------220.28
11:48-------220.70
11:49-------222.74
11:53-------228.71---------------1724.78 (-11.71%)

The October 25, 2004 low at 1725 is broken.

11:34-------230.30
11:55-------234.49---------------1719.00 (-12.00%)
11:56-------235.20
11:57-------238.66
11:59-------241.01---------------1712.48 (-12.34%)

This is a new four-year low.

12:01-------239.66---------------1713.83 (-12.27%)

Value turnover: PhP 1.567 bn
Cross transactions: PhP 482 mn

Immediate supports:
1700.42 - (Sept 21, 2004 low)
1679.13 (Sept. 17, 2004 low)

Advancers 5
Decliners 123
Unchanged 13

Sectoral Indices all went into a free-fall.
Services -13.25%
Holdings -10.69%
Financial -10.52%
Property -9.76%
M-O -9.70%
Industrial -8.88%

The Day's ONLY Gainers:
JTH: PhP 1.90; +18.75%
MED: PhP 0.27; +8.00%
PNX: PhP 2.55; +6.25%
APO: PhP 1.36; +4.62%
ATI: PhP 2.95; +1.72%

The Day's Biggest Decliners:
EIBA: PhP 0.165; -38.89%
TDY: PhP 2.20; -37.14%
MUSX: PhP 0.10; -33.33%
MRC: PhP 0.155; -31.11%
CMT: PhP 0.30; -28.57%

At mid-day:
Asian equities markets were down.
The Philippine Peso was at PhP 49.313 vs US$ 1.00.

The Biggest PSEi Movers:
TEL: PhP 1850; -89.13 pts
BPI: PhP 36.00; -17.54 pts
BDO: PhP 22.50; -17.04 pts
AC: PhP 200.00; -14.95 pts
EDC: PhP 2.50; -11.82 pts

The Biggest PSEi Decliners:
BDO: PhP 22.50; -23.73%
URC: PhP 4.60; -16.30%
MBT: PhP 19.75; -15.96%
MEG: PhP 0.64; -15.79%
GLO: PhP 725.00; -15.70%


Investors are expected to trail trading in WallStreet. As of 5:00 pm Manila time; the DJIA Futures (as tracked in the internet) is down by almost 300 pts or 3.5% with the DJIA just below 8000.

If the 8000 level is broken at tonight's trading; the DJIA's recent low at 7882.51 reached last October 10, 2008 might be tested and support is seen at 7520.63 (March 7, 2003 low).

Trading in WallStreet - October 24, 2008

Dow Jones Industrial Average (DJIA)
Index Value: 8,378.95
Trade Time: Oct 24
Change: Down 312.30 (-3.59%)
Prev Close: 8,691.25
Open: 8,683.21
Day's Range: 8187.48 - 8683.21

At one point, the DJIA was down by more than 500 points and below the 8200 level.

The Philippine Stock Market - October 24, 2008

Dow Jones Industrial Average (DJIA)
Index Value: 8,691.25
Trade Time: Oct 23
Change: Up 172.04 (+2.02%)
Prev Close: 8,519.21
Open: 8,519.77
Day's Range: 8243.55 - 8795.99

It was another roller coaster ride in WallStreet wherein the DJIA moved in a wide range of more than 550 points.
The DJIA was up more than 270 points by mid-morning.
By mid-afternoon; it was then down by more than 270 points.
A big rally going into the last hour had the DJIA end up higher by 2.00%.

The local equities market failed to hold above the key 2000 level and suffered a selldown ahead of the weekend. The Philippine Stock Exchange Index (PSEi) is at its lowest levels in around three years.

PSEi previous close - 1995.92 (October 23)

time-----------change-----------PSEi
9:31----------up 8.47----------2004.39
9:32-------------9.64----------2005.56 (day's high)
9:34-------------3.86----------1999.78

The PSEi falls below the key 2000 index level and sparks a sell-off.

9:35---------up 2.48
9:36------down 0.45

The market moves into negative territory and the decline accelerates.

9:37-----down 1.91
9:40-----------7.90
9:41-----------9.20----------1986.72

9:45-----down 6.87
9:51-----------8.90
9:52----------10.18
9:58----------11.01
10:00---------13.04
10:01---------13.90
10:02---------15.00---------1980.92

10:05----down 17.50
10:06---------19.68
10:07---------22.18
10:10---------25.74---------1970.18

10:12----down 26.31
10:14---------28.32
10:16---------29.58
10:17---------29.88
10:18---------31.19
10:20---------31.43
10:21---------32.26
10:22---------32.70
10:23---------33.02----------1962.90

The market consolidates in the next half-hour.

10:30----down 31.02
10:31---------30.98
10:37---------33.90---------1962.02

10:41----down 30.91
10:51---------31.68
10:53---------34.51
10:59---------36.33---------1959.59

The market reaches its lowest levels since November 2, 2005. It moves in a narrow range in the last hour of the trading session.

11:01----down 37.98---------1957.94
11:03---------40.91
11:12---------39.90
11:18---------38.54
11:21---------39.38
11:23---------38.48
11:25---------39.29
11:28---------40.64
11:29---------42.99
11:35---------44.48--------1951.44

11:37----down 43.60
11:42---------40.98
11:43---------43.38
11:45---------45.31
11:49---------45.34
11:52---------46.54
11:53---------47.37
11:55---------47.67
11:56---------48.55--------1947.37 (day's low)
11:59---------44.57
12:01---------42.42--------1953.49 (-2.13%)
Market Close.

Value turnover: PhP 1.951 bn
Cross transactions: PhP 619 mn
Block Sale: 97,000 shs TEL @ PhP 2400 = PhP 232.8 mn

Advancers 23
Decliners 92
Unchanged 24

Sectoral Indices fell across-the-board.
M-O -6.77%
Holdings -3.00%
Industrial -2.26%
Property -1.94%
Services -1.42%
Financial -1.33%

ONLY Index Gainer:
AEV: PhP 5.40; +1.89%

The Day's Top Gainers:
IRCB: PhP 0.65; +35.42%
DIZ: PhP 1.90; +26.67%
DFNN: PhP 5.40; +25.58%

The Day's Biggest Decliners:
MII: PhP 2.00; -33.33%
PNX: PhP 2.40; -29.41%
WIN: PhP 0.12; -27.27%

At mid-day:
Asian equities markets were down.
The Philippine Peso was at PhP 48.877 vs US$ 1.00.

The Philippine Stock Market - October 23, 2008

Dow Jones Industrial Average (DJIA) Summary
Index Value: 8,519.21
Trade Time: Oct 22
Change: Down 514.45 (-5.69%)
Prev Close: 9,033.66
Open: 9,027.84
Day's Range: 8335.30 - 9027.84

The DJIA steadily declined on continuing economic worries. It was down by around 700 points by late afternoon, but a rally in the last half hour managed to clip losses (but it still ended down by a whopping 500 points).

The big drop in WallStreet once again unnerved investors in the local equities market and sparked another sell-off. The Philippine Stock Exchange Index (PSEi) tested the key 2000 level.

PSEi previous close - 2093.01 (October 22)

time----------down-------------PSEi
9:31---------62.58-----------2030.43
9:32---------64.92
9:33---------77.29
9:34---------78.33
9:35---------82.46
9:36---------85.20
9:37---------89.34-----------2003.67

The 2000 level is tested.

9:39---------97.00-----------1996.01
9:41--------100.94
9:42--------104.59-----------1988.42

The market is down 5.00% at this point.

9:45--------104.90
9:46--------105.24
9:47--------107.01
9:50--------107.97----------1985.04 (day's low)

The market tries to bounce back in the next hour.

9:53--------103.12
9:56---------97.22
10:04--------96.59
10:05--------95.74
10:06--------93.69
10:13--------92.20----------2000.81

10:15--------89.08
10:19--------89.36
10:21--------88.15
10:23--------84.93
10:24--------84.36
10:27--------82.20
10:28--------81.75
10:31--------80.54
10:33--------78.79
10:38--------77.85----------2015.16

10:50--------82.97

The market again starts to retreat.

11:00--------91.27---------2001.74
11:02--------93.40---------1999.61

The PSEi moves in a narrow range just below 2000 for the rest of the trading session.

11:14--------93.43
11:16--------95.72
11:20--------97.62
11:24--------98.04
11:27--------98.18
11:29--------98.28
11:30--------98.63
11:35-------100.76
11:36-------101.07
11:37-------102.38---------1990.63

11:39--------97.89---------1995.12
11:41-------102.87
11:43-------103.77
11:44-------104.35
11:45-------106.53---------1986.48

11:46-------102.55
11:50-------101.33
11:51--------99.83
11:54--------98.84
11:57-------104.41
11:58-------102.51
11:59--------99.45
12:01--------97.09--------1995.92 (-4.64%)
Market Close.

Value turnover: PhP 3.112 bn
Cross transactions: PhP 1.647 bn

Advancers 3
Decliners 117
Unchanged 13

Sectoral Indices.
M-O -12.67%
Property -5.73%
Holdings -4.83%
Services - 4.62%
INdustrial -3.91%
Financial -3.47%

The Day's ONLY Gainers:
PNX: PhP 3.40; +7.94%
PRMX: PhP 3.80; +2.70%
FPH: PhP 15.00; +1.69%

The Day's Biggest Decliners: (Each lost at least a quarter of their previous price.)
ION: PhP 0.50; -37.50%
OMW2: PhP 0.0028; -26.32%
DFNN: PhP 4.30; -25.86%
RCM: PhP 1.12; -25.33%
MHC: PhP 0.09; -25.00%
DIZ: PhP 1.50; -25.00%

At mid-day:
Asian equities markets were expectedly down.
The Philippine Peso weakened further to PhP 48.985 vs US$ 1.00.