Tuesday, April 22, 2008

The day's market - April 22, 2008

DOW JONES INDUSTRIAL AVERAGE (DJIA)
Index Value: 12,825.02
Trade Time: April 21
Change: 24.34 (0.19%)
Prev Close: 12,849.36
Open: 12,850.91
Day's Range: 12751.17 - 12850.91

The DJIA traded lower for most of the day but managed to finish relatively strong to limit its losses

In the Philippine Stock Exchange (PSE); local equities made a feeble attempt in the early going to test the 2900 level.

PSEi pevious close - 2890.92

open - 2890.92
high - 2896.44 (+ 5.52)

Sellers however soon prevailed over the market and its immediate support at 2884 was easily broken. The downward momentum continued for the rest of the trading day.

low - 2843.90 (-47.02)
close - 2855.75 (-35.17 or -1.22%)

Value turnover: PhP 2.81 bn
Cross transactions: 1.428 bn

Advancers 17
Decliners 83

There was only one index issue gainer.
All sectoral indices were down.
The peso was at PhP 41.905 vs US$1.00 at midday.

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