The Philippine Stock Market - May 30, 2008

Dow Jones Industrial Average (DJIA) Summary
Index Value: 12,646.22
Trade Time: May 29
Change: Up 52.19 (+0.41%)
Prev Close: 12,594.03
Open: 12,593.87
Day's Range: 12554.70 - 12726.66

The DJIA had a modest advance for the 3rd straight trading day.

The local equities market meanwhile held at the 2800 support level. The Philippine Stock Exchange Index (PSEi) opened weak but steadily advanced throughout the session as some of the second and thirdliners became active again .

PSEi previous close - 2802.22 (May 29, 2008)
open - 2800.04
high - 2835.49 (+33.27)
low - 2800.04
close - 2827.44 (+25.22 or +0.90%)

The PSEi goes above its 30 day moving average (m.a.)of 2820 but still below the 30-day m.a. which is at 2849 today.

Value turnover: PhP 5.394 bn
Cross transactions: 2.251 bn

Advancers 55
Decliners 29
Unchanged 50

Sectoral Indices.
Financial +2.24%
M-O +1.04%
Holdings +0.96%
Services +0.93%
Property +0.65%
Industrial -1.25%

The Day's Top Gainers:
MHC: PhP 0.36; +12.50%
PAX: PhP 4.20; +10.53%
APM: PhP 0.014; +7.69%

The Day's Biggest Decliners:
FPH: PhP 33.00; -9.59%
KPH: PhP 1.90; -9.52%
SMCB: PhP 38.50; -9.41%

At mid-day:
Most asian equities markets are up.
The Philippine Peso is at PhP 43.833 vs US$1.00.

*****This afternoon; we will be having the "graduation" ceremonies of the ITAP - 3rd batch at Tektite in Ortigas where they had a tour of the Philippine Stock Exchange.