The day's market - February 29, 2008

DOW JONES INDUSTRIAL AVERAGE (DJIA) summary

Index Value: 12,582.18
Trade Time: Feb 28
Change: down 112.10 (-0.88%)
Prev Close: 12,694.28
Open: 12,689.28
Day's Range: 12536.43 - 12689.44

The DJIA fell by more than 100 points after its advances the past few days. It manages to stay above the 12500 level.

With the WallStreet declining, the local equities market opened weak.

PSEi previous close - 3112.85 (February 28, 2007)

time----------change------------PSEi
9:31----------down 4.15--------3108.70

Early in the trading day; the Philippine Stock Exchange Index (PSEi)tested the 3100 level. The PhP at that point was at PhP 40.416 vs $1.00 and most asian markets were down.

Investors however managed to shrug off concerns on the local political arena. Even with another rally scheduled in the afternoon at the Makati Financial District; the market rebounded and closed higher.
With Gold and Oil prices in the world markets near record highs; the Mining-Oil (M-O) sector led the day's rally.

12:01---------up 17.14---------3129.99 (+0.55%)

Advancers 60
Decliners 29

Value turnover: PhP 3.228 bn

Sector------------Value-----------change-------% change
All Shares--------1,921.16-----up 11.72--------up 0.61%
Financials---------754.77------up 7.54---------up 1.01%
Industrial--------3,947.79-----up 16.77--------up 0.43%
Holdings----------1,651.18-----up 7.27---------up 0.44%
Property----------1,177.91----down 15.28-----down 1.28%
Services----------1,710.32-----up 19.63--------up 1.16%
Mining & Oil------7,406.44----up 235.40------up 3.28%


The Day's Top Gainers:
1 SOUTH CHINA RESOURCES, INC (SOC): PhP 1.90; +30.14%
2 CEBU HOLDINGS, INC (CHI): PhP 3.00; +13.21
3 IPVG CORPORATION (IP): PhP 5.20; +10.64

The Day's Biggest Decliners:
1 MAKATI FINANCE CORPORATION (MFIN): PhP 4.30; -14.00
2 EXPORT AND INDUSTRY BANK "B" (EIBB): PhP 0.43; -10.42
3 RFM CORPORATION (RFM): PhP 0.45; -10.00