The Philippine Stock Market - May 16, 2008

Dow Jones Industrial Average (DJIA) Summary
Index Value: 12,992.66
Trade Time: May 15
Change: Up 94.28 (+0.73%)
Prev Close: 12,898.38
Open: 12,891.29
Day's Range: 12854.98 - 12999.50

Another strong afternoon rally had the DJIA close near its high and test the 13000 level again.

The Philippine Stock Exchange Index (PSEi) on the other hand; just consolidated in a narrow range after the advance the past several days.

PSEi previous close - 2878.26 (May 15)
open 2884.54
high 2887.29 (+9.03)
low 2872.97 (-5.29)
close - 2879.95 (up 1.69 points or +0.05%)

Value turnover: PhP 3.377 bn
Cross transactions: PhP 1.958 bn

Advancers 56
Decliners 37
Unchanged 73

Sectoral Indices:
M-O +1.82%
Holdings +1.58%
Financial +0.24%
Property +0.14%
Services -0.35%
Industrial -0.59%

The Day's Top Gainers:
LAND: PhP 2.20; +41.03%
MRC: PhP 0.27; +10.20%
PEP: PhP 1.08; +10.20%

The Day's Biggest Decliners:
IRCB: PhP 0.01; -9.09%
JOH: PhP 1.20; -7.69%
SFI: PhP 0.28; -6.67%

The Philippine Peso was at PhP 42.748 vs US$ 1.00 at midday