The Philippine Stock Market - May 9, 2008

Dow Jones Industrial Average (DJIA) Summary
Index Value: 12,866.78
Trade Time: May 8
Change: Up 52.43 (+0.41%)
Prev Close: 12,814.35
Open: 12,814.84
Day's Range: 12794.81 - 12909.86

The DJIA had a modest rebound from its more than 200 point drop the previos day. It traded within a range of slightly more than 100 points with an upward bias and closed at its mid point.

PSEi previous close - 2760.62 (May 8)

The market started slow and was flat for most of the session. Trading picked up in the last hour of trading and the Philippine Stock Exchange Index (PSEi) even reached a high of 2787.61 (+26.99 ).

PSEi close - 2779.42 Up 18.80 points (+0.68%)

Value turnover: PhP 3.553 bn
Cross transactions: PhP 1.769 bn

Advancers 68
Decliners 26
Unchanged 65

Sectoral Indices:
Industrial +1.87%
Holdings +1.37%
M-O +0.99%
Services +0.30%
Property +0.05%
Financial -1.07%

The Day's Top Gainers:
JOH: PhP 1.30; +18.18%
ASIA: PhP 9.00; +13.92%
PA: PhP 0.085; +9.68%

The Day's Biggest Decliners:
KPHB: PhP 1.34; -27.17%
MFC: PhP 1460; -11.52%
UW: PhP 0.14; -9.68%

Today was relatively an uneventful trading session in the Philippine Stock Market as again most investors chose to remain in the sidelines ahead of the weekend.
But the modest advance in the latter part, was also another confidence booster. Currently the 2780-2800 resistance level is being tested.

The Philippine Peso was at the PhP 42.575 level by noon.
World Crude Prices touches the US$124 a barrel level.