BusinessWorld - May 23, 2008Dow Jones Industrial Average (DJIA) Summary
Index Value: 12,625.62
Trade Time: May 22
Change: Up 24.43 (+0.19%)
Prev Close: 12,601.19
Open: 12,597.69
Day's Range: 12591.34 - 12669.34
The DJIA traded within a narrow range as it tries to find a base at the 12600 level after its big losses the previous days.
The local equities market likewise had a modest rebound after the past day's declines. The Philippine Stock Exchange Index (PSEi) also moved within a narrow range and consolidated.
PSEi previous close - 2838.58 (May 22)
open - 2833.22
high -2853.08 (+14.50)
low - 2830.97 (-7.61)
close - 2849.28 (+10.70 or +0.38%)
Value turnover: PhP 1.746 bn
Cross transactions: PhP 651 mn
Advancers 40
Decliners 59
Ubchanged 56
Sectoral Indices.
Holdings +1.04%
Services +0.68%
Financial +0.51%
Property -0.18%
Industrial -0.65%
M-O -1.10%
Local investors are now in a point of uncertainty and will be looking for leads over the weekend. The PSEi closed lower than the 10-day moving average (m.a) of 2860 but higher then the 30-day m.a. which is at 2836. The day's movement also partially closed the chart gap at 2859-2849 which was opened yesterday.
Value turnover remains low and despite today's slight advance; Losers led Gainers and the sectoral indices closed mixed.
The Day's Top Gainers:
APR: PhP 4.00; +33.33%
FEU: PhP 1000.00; +9.89%
PNX: PhP 5.60; +9.80%
ALHI: PhP 6.60; +9.68%
The Day's Biggest Decliners:
CRC: PhP 3.65; -29.81%
CAC: PhP 1.70; -9.57%
PA: PhP 0.10; -9.09%
EVER: PhP 0.145; -6.45%
At Midday:
Asian markets were mixed.
The Philippine Peso was at PhP 43.410 vs US$ 1.00.
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