Monday, April 28, 2008

The Philippine Stock Market touches a new 17 month low

The local equities market continues its declines as a new support level is yet to be found. Investor sentiment remains negative. Buyers are staying away and sellers are then forced to unload at lower prices bringing the market to lower levels.

PSEi previous close - 2777.93
open - 2777.17
high - 2778.65 (+0.72)
low - 2738.59 (-39.34)
close - 2739.44 (-38.49 or - 1.39%)

The Philippine Stock Exchange Index (PSEi) is at its lowest level since Nov. 29, 2006.

Value turnover: PhP 2.403 bn
Cross transactions: PhP 1.570 bn

Advancers 15
Decliners 81

Sectoral Indices fell across-the-board.

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