The Philippine Stock Market - May 5, 2008

Philippine Stock Exchange Index (PSEi) previous close - 2722.95 (May 2,2008)

open - 2725.18 (+2.23 / day's low)
high - 2774.76 (+51.81)
close - 2752.93

The support at 2700-2730 is still holding and resistance is pegged at 2880-2300.

Value turnover: PhP 2.091 bn
Cross transactions: PhP 800 mn

Advancers 58
Decliners 30
Unchanged 58

Sectoral Indices:
M-O +2.77%
Holdings +2.03%
Services +1.96%
Financial +1.48%
Property +1.04%
Industrial +0.68%

The day's advance in the local equities market has been largely because of buying in select blue chip issues.

PSEi Movers
TEL +17.19 points
BPI +5.24 points
AC +5.13 points

The day's biggest advancers:
AT: PhP 13.25; +10.42%
PSB: PhP 44.50; +8.54%
PAX: PhP 3.30; +8.20%

The day's largest decliners:
LAND: PhP 1.70; -22.73%
MFIN: PhP 3.20; -13.51%
EVER: PhP 0.12; -7.69%

The Philippine peso was at PhP 42.350 at midday.


2008 INTERIM EARNINGS SCORECARD
1STQUARTER
As of 05 May 2008

UBP: Q1/08 - P602.5 M Q1/07 - P1.63 B -63%
BPI: Q1/08 - P1.5 B Q1/07 - P3.2 B -53%
AP: Q1/08 - P1.055 B Q1/07 - P422 M +150%
SMDC: Q1/08 - P575 M Q1/07 - P256 M +125%
BKD: Q1/08 - P173.1 M Q1/07 - P4.8 M N/A
LC: Q1/08 - P100 M Q1/07 - P57 M N/A