Friday, April 25, 2008

The day's market - April 25, 2008

DOW JONES INDUSTRIAL AVERAGE (DJIA)
Index Value: 12,848.95
Trade Time: April 24
Change: Up 85.73 (+0.67%)
Prev Close: 12,763.22
Open: 12,764.68
Day's Range: 12706.63 - 12942.26

Yesterday's technical rebound in the Philippine Stock Market was shortlived. The market's declines accelerated on renewed inflation and budget deficit worries on the local front.

PSEi previous close - 2844.02 (April 24, 2008)

The Philippine Stock Exchange Index (PSEi)closed at its low at 2777.93 (-66.09 pts or -2.32%). It is now near this year's low of 2773. The next support may be seen at 2733, a 17 month low.

Advancers 24
Decliners 77

Among index issues; there was only 1 advancer.
All sectors were in the red.
The Philippine peso was above the PhP 42 level against the US dollar.

Value turnover: PhP 1.851 bn
Cross transactions: PhP 745 mn

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