The local equities market ended the first half of 2008 with a whimper. All bets were off for a window dressing as The Philippine Stock Exchange Index (PSEi) broke support levels last week and is currently looking for one. The market traded and ended flat today as investors try to search for market leads.
PSEi previous close - 2466.28 (June 27)
PSEi close - 2459.98 (-6.30 or -0.25%)
Value turnover: PhP 3.056 bn
Advancers 43
Decliners 46
Unchanged 46
Sectoral Indices:
Financial -0.70%
M-O -0.36%
Property -0.25%
Industrial -0.20%
Holdings - 0.02%
Services +0.06%
The Day's Top Gainers:
MJC: PhP 3.80; +49.02%
FAF: PhP 0.65; +27.45%
ETEL: PhP 295; +16.83%
The Day's Biggest Decliners:
DHC: PhP 10.25; -21.15%
ZHI: PhP 0.18; -20.00%
UNI: PhP 0.12; -17.24%
Monday, June 30, 2008
Sunday, June 29, 2008
Trading in WallStreet - June 27, 2008
Dow Jones Industrial Average (DJIA) Summary
Index Value: 11,346.51
Trade Time: Jun 27
Change: Down 106.91 (-0.93%)
Prev Close: 11,453.42
Open: 11,452.85
Day's Range: 11297.99 - 11485.25
The DJIA suffered another triple digit decline on back of record World Crude Prices. It was the worst week since Feb 10 for both the Nasdaq and the DJIA. WallStreet is now on the brink of a bear market.
Index Value: 11,346.51
Trade Time: Jun 27
Change: Down 106.91 (-0.93%)
Prev Close: 11,453.42
Open: 11,452.85
Day's Range: 11297.99 - 11485.25
The DJIA suffered another triple digit decline on back of record World Crude Prices. It was the worst week since Feb 10 for both the Nasdaq and the DJIA. WallStreet is now on the brink of a bear market.
Friday, June 27, 2008
The Philippine Stock Market - June 27, 2008
Dow Jones Industrial Average (DJIA) Summary
Index Value: 11,453.42
Trade Time: June 26
Change: Down 358.41 (-3.03%)
Prev Close: 11,811.83
Open: 11,808.57
Day's Range: 11453.42 - 11808.73
The DJIA opened lower and went into a downward spiral to close at its low. It is now less than 1% away from a bear market. It is now 19.14% off its October 2007 highs.
Oil Crude prices breached the $140 a barrel level and Gold surged the most in two years ($31.90) to above the $910 an ounce level overnight.
This huge drop in WEallStreet had investors hurrying to unload again. The Philippine Stock Exchange Index (PSEi) immediately broke below the 2500 level and established a new 21 month low.
PSEi previous close - 2521.61 (June 26)
time-----------down------------PSEi
9:31-----------40.06-----------2481.55
9:32-----------55.15-----------2466.46
The recent 21 month low of 2469 touched the other day (June 25) was also broken.
9:34-----------58.21
9:36-----------59.36
9:38-----------62.16
9:40-----------63.32----------2458.29 (new 21 mo. low)
9:42-----------61.37
9:49-----------56.92
9:51-----------52.63
9:54-----------50.64
9:55-----------46.32
10:04----------44.66
10:16----------44.37
10:22----------43.77-----------2477.84
The PSEi tries to stay near the 2470 level; the lower range of its support.
10:42----------46.37
10:55----------48.62
11:06----------44.79
11:19----------48.88
11:28----------51.28------------2470.33
11:42----------55.41
11:50----------58.79
11:54----------59.83
11:58----------54.59
12:01----------55.33-------------2466.28(-2.19%)
Market Close.
Value turnover: PhP 7.240 bn
Cross transactions: PhP 1.382 bn
Block sales:
GLO: 3,800,000 shs at PhP 1210 = PhP 4.598 bn
GPH: 2,797,500 shs at PhP 50 = PhP PhP 139 mn
Advancers 23
Decliners 96
Unchanged 36
Sectoral Indices.
Holdings -3.06%
Property -2.77%
Financial -2.61%
Industrial -1.89%
Services -1.02%
M-O +0.51%
At mid-day:
Asian markets were down.
The Philippine peso was at PhP 44.739 vs US$ 1.00.
Index Value: 11,453.42
Trade Time: June 26
Change: Down 358.41 (-3.03%)
Prev Close: 11,811.83
Open: 11,808.57
Day's Range: 11453.42 - 11808.73
The DJIA opened lower and went into a downward spiral to close at its low. It is now less than 1% away from a bear market. It is now 19.14% off its October 2007 highs.
Oil Crude prices breached the $140 a barrel level and Gold surged the most in two years ($31.90) to above the $910 an ounce level overnight.
This huge drop in WEallStreet had investors hurrying to unload again. The Philippine Stock Exchange Index (PSEi) immediately broke below the 2500 level and established a new 21 month low.
PSEi previous close - 2521.61 (June 26)
time-----------down------------PSEi
9:31-----------40.06-----------2481.55
9:32-----------55.15-----------2466.46
The recent 21 month low of 2469 touched the other day (June 25) was also broken.
9:34-----------58.21
9:36-----------59.36
9:38-----------62.16
9:40-----------63.32----------2458.29 (new 21 mo. low)
9:42-----------61.37
9:49-----------56.92
9:51-----------52.63
9:54-----------50.64
9:55-----------46.32
10:04----------44.66
10:16----------44.37
10:22----------43.77-----------2477.84
The PSEi tries to stay near the 2470 level; the lower range of its support.
10:42----------46.37
10:55----------48.62
11:06----------44.79
11:19----------48.88
11:28----------51.28------------2470.33
11:42----------55.41
11:50----------58.79
11:54----------59.83
11:58----------54.59
12:01----------55.33-------------2466.28(-2.19%)
Market Close.
Value turnover: PhP 7.240 bn
Cross transactions: PhP 1.382 bn
Block sales:
GLO: 3,800,000 shs at PhP 1210 = PhP 4.598 bn
GPH: 2,797,500 shs at PhP 50 = PhP PhP 139 mn
Advancers 23
Decliners 96
Unchanged 36
Sectoral Indices.
Holdings -3.06%
Property -2.77%
Financial -2.61%
Industrial -1.89%
Services -1.02%
M-O +0.51%
At mid-day:
Asian markets were down.
The Philippine peso was at PhP 44.739 vs US$ 1.00.
Thursday, June 26, 2008
The Philippine Stock Market - June 26, 2008
Dow Jones Industrial Average (DJIA) Summary
Index Value: 11,811.83
Trade Time: June 25
Change: Up 4.40 (+0.04%)
Prev Close: 11,807.43
Open: 11,805.31
Day's Range: 11789.36 - 11924.19
The DJIA again traded in a wide range but closed little changed. The 11800 level is holding so far.
US Federal Interest rates were held steady and unchanged.
The local equities market continued on its strong momentum from yesterday's strong close. It opened higher and the Philippine Stock Exchange Index (PSEi) was up more than 30 points at one point. Investors were however quick in taking profits and the market gave back most of its gains.
PSEi previous close - 2510.80 (June 25)
high - 2543.69 (+32.89)
close - 2521.61 (+10.81 or +0.43%)
Value turnover: PhP 2.256 bn
Cross transactions: PhP 1.047 bn
Block Sale: 1,274,600 shs of SCC @ PhP 52 = PhP 66 mn
Advancers 57
Decliners 38
Unchanged 56
The 2470-2500 level must hold as a support level so the market can expect a bit of window-dressing on Monday as the first-half of 2008 draws to a close.
Sectoral Indices.
Industrial +1.14%
Holdings +0.59%
Financial +0.56%
Services +0.30%
M-O +0.05%
Property -0.92%
The Day's Top Gainers:
RFM: PhP 0.48; +17.07%
PWR: PhP 0.245; +16.67%
MER: phP 43.00; +11.68%
The Day's Biggest Decliners:
PECB: PhP 7.50; -30.23%
FAF: PhP 0.51; -21.54%
FDC: PhP 2.34; -17.89%
At mid-day:
Asian equities markets were mostly up.
The Peso was at PhP 44.465 vs US$ 1.00.
Index Value: 11,811.83
Trade Time: June 25
Change: Up 4.40 (+0.04%)
Prev Close: 11,807.43
Open: 11,805.31
Day's Range: 11789.36 - 11924.19
The DJIA again traded in a wide range but closed little changed. The 11800 level is holding so far.
US Federal Interest rates were held steady and unchanged.
The local equities market continued on its strong momentum from yesterday's strong close. It opened higher and the Philippine Stock Exchange Index (PSEi) was up more than 30 points at one point. Investors were however quick in taking profits and the market gave back most of its gains.
PSEi previous close - 2510.80 (June 25)
high - 2543.69 (+32.89)
close - 2521.61 (+10.81 or +0.43%)
Value turnover: PhP 2.256 bn
Cross transactions: PhP 1.047 bn
Block Sale: 1,274,600 shs of SCC @ PhP 52 = PhP 66 mn
Advancers 57
Decliners 38
Unchanged 56
The 2470-2500 level must hold as a support level so the market can expect a bit of window-dressing on Monday as the first-half of 2008 draws to a close.
Sectoral Indices.
Industrial +1.14%
Holdings +0.59%
Financial +0.56%
Services +0.30%
M-O +0.05%
Property -0.92%
The Day's Top Gainers:
RFM: PhP 0.48; +17.07%
PWR: PhP 0.245; +16.67%
MER: phP 43.00; +11.68%
The Day's Biggest Decliners:
PECB: PhP 7.50; -30.23%
FAF: PhP 0.51; -21.54%
FDC: PhP 2.34; -17.89%
At mid-day:
Asian equities markets were mostly up.
The Peso was at PhP 44.465 vs US$ 1.00.
Wednesday, June 25, 2008
The Philippine Stock Market - June 25, 2008
Dow Jones Industrial Average (DJIA)Summary
Index Value: 11,807.43
Trade Time: June 25
Change: Down 34.93 (-0.29%)
Prev Close: 11,842.36
Open: 11,842.36
Day's Range: 11725.52 - 11904.32
It was a volatile day in WallStreet. The DJIA was down in early trade and tested the 11700 level as a support. By mid-trade it recovered and was even up to breach the 11900 level. It then slowly declined in the last two hours of trading to close in negative territory and just above the 2800 level.
The local equities market started weak but after a relativey listless trading in the first 20 minutes, it slowly and steadily advanced. The Philippine Stock Exchange Index (PSEi) had a strong finish and it ended at its high above the 2500 level.
PSEi previous close - 2474.87 (June 24)
open - 2469.11 (-5.76) day's low
close - 2510.80 (+35.93 or +1.45%) day's high
Value turnover: PhP 2.225 bn
Cross transactions: PhP 1.149 bn
Advancers 63
Decliners 25
Unchanged 51
Sectoral Indices.
M-O +2.20%
Property +1.98%
Services +1.34%
Industrial +1.31%
Financial +1.26%
Holdings -0.04%
The Day's Top Gainers:
MFIN: PhP 5.70; +50.00%
LND: PhP 0.40; +14.29%
LIHC: PhP 10.25; +11.41%
The Day's Biggest Decliners:
ETON: PhP 2.10; -12.50%
SLI: PhP 0.80; -9.09%
MPI: PhP 3.20; -8.57%
At mid-day:
Asian markets were mixed.
The Philippine Peso was at PhP 44.536 vs US$ 1.00.
Index Value: 11,807.43
Trade Time: June 25
Change: Down 34.93 (-0.29%)
Prev Close: 11,842.36
Open: 11,842.36
Day's Range: 11725.52 - 11904.32
It was a volatile day in WallStreet. The DJIA was down in early trade and tested the 11700 level as a support. By mid-trade it recovered and was even up to breach the 11900 level. It then slowly declined in the last two hours of trading to close in negative territory and just above the 2800 level.
The local equities market started weak but after a relativey listless trading in the first 20 minutes, it slowly and steadily advanced. The Philippine Stock Exchange Index (PSEi) had a strong finish and it ended at its high above the 2500 level.
PSEi previous close - 2474.87 (June 24)
open - 2469.11 (-5.76) day's low
close - 2510.80 (+35.93 or +1.45%) day's high
Value turnover: PhP 2.225 bn
Cross transactions: PhP 1.149 bn
Advancers 63
Decliners 25
Unchanged 51
Sectoral Indices.
M-O +2.20%
Property +1.98%
Services +1.34%
Industrial +1.31%
Financial +1.26%
Holdings -0.04%
The Day's Top Gainers:
MFIN: PhP 5.70; +50.00%
LND: PhP 0.40; +14.29%
LIHC: PhP 10.25; +11.41%
The Day's Biggest Decliners:
ETON: PhP 2.10; -12.50%
SLI: PhP 0.80; -9.09%
MPI: PhP 3.20; -8.57%
At mid-day:
Asian markets were mixed.
The Philippine Peso was at PhP 44.536 vs US$ 1.00.
Tuesday, June 24, 2008
The Philippine Stock Market - June 24, 2008
Dow Jones Industrial Average (DJIA) Summary
Index Value: 11,842.36
Trade Time: June 23
Change: Down 0.33 (0.00%)
Prev Close: 11,842.69
Open: 11,843.83
Day's Range: 11814.60 - 11886.25
The DJIA traded in a narrow range below the 12900 level and ended little changed.
The local equities market tried to consolidate at the 2500 level. The bias however turned negative and the Philippine Stock Exchange Index (PSEi) touched new 21 month-low levels.
PSEi previous close - 2499.38
open - 2493.38
high - 2505.27 (+5.89)
low - 2473.07 (-26.31)
close - 2474.87 (-24.51 or -0.98%)
The near term support is at the 2434 - 2450 level which is the lower end of the range of the Sept 18, 2006 (21-month) low.
Value turnover: PhP 1.735 bn
Cross transactions: PhP 884 mn
Advancers 30
Decliners 77
Unchanged 79
Sectoral Indices.
Industrial +0.50%
Property +0.49%
Holdings -1.26%
Financial -1.39%
M-O -1.51%
Services -1.68%
The Day's Top Gainers:
BHI: PhP 0.135; +17.39%
LIHC: PhP 9.20; +16.46%
CRC: PhP 4.35; +12.99%
The Day's Biggest Decliners:
DHC: PhP 10.00; -32.20%
AAA: PhP 0.20; -25.93%
KEP: PhP 1.40; -17.65%
At mid-day:
Asian markets were mostly down.
The Philippine Peso was at PhP 44.679 vs US$ 1.00.
Index Value: 11,842.36
Trade Time: June 23
Change: Down 0.33 (0.00%)
Prev Close: 11,842.69
Open: 11,843.83
Day's Range: 11814.60 - 11886.25
The DJIA traded in a narrow range below the 12900 level and ended little changed.
The local equities market tried to consolidate at the 2500 level. The bias however turned negative and the Philippine Stock Exchange Index (PSEi) touched new 21 month-low levels.
PSEi previous close - 2499.38
open - 2493.38
high - 2505.27 (+5.89)
low - 2473.07 (-26.31)
close - 2474.87 (-24.51 or -0.98%)
The near term support is at the 2434 - 2450 level which is the lower end of the range of the Sept 18, 2006 (21-month) low.
Value turnover: PhP 1.735 bn
Cross transactions: PhP 884 mn
Advancers 30
Decliners 77
Unchanged 79
Sectoral Indices.
Industrial +0.50%
Property +0.49%
Holdings -1.26%
Financial -1.39%
M-O -1.51%
Services -1.68%
The Day's Top Gainers:
BHI: PhP 0.135; +17.39%
LIHC: PhP 9.20; +16.46%
CRC: PhP 4.35; +12.99%
The Day's Biggest Decliners:
DHC: PhP 10.00; -32.20%
AAA: PhP 0.20; -25.93%
KEP: PhP 1.40; -17.65%
At mid-day:
Asian markets were mostly down.
The Philippine Peso was at PhP 44.679 vs US$ 1.00.
Monday, June 23, 2008
The Philippine Stock Market - June 23, 2008
The drop in the DJIA last friday immediately had investors on a selling mode. The Philippine Stock Exchange Index (PSEi) opened lower and continued its decline to test the 2500 level.
PSEi previous close - 2578.57
time------------down------------PSEi
9:31-----------12.03-----------2566.54
9:34-----------20.57
9:49-----------37.91
10:16----------44.28
10:23----------50.91------------2527.66
The decline brings the PSEi towards the 2510 support level which is the June 12, 2008 low.
10:30----------64.40------------2514.17
10:49----------68.00------------2510.57
The 2510 level is tested. The market tries to consolidate.
10:53-----------68.86
11:18-----------69.63------------2508.94
11:29-----------66.13------------2512.44
11:36-----------68.70------------2509.87
The 2510 level does not hold and the PSEi even declines further.
11:37-----------70.68
11:38-----------72.39
11:40-----------73.59
11:41-----------74.18
11:42-----------76.86
11:43-----------78.15-------------2500.42
The 2500 level is also breached.
11:44-----------80.25
11:47-----------86.25
11:51-----------88.31-------------2490.26 (lowest level since Oct 2006)
11:55-----------88.09
11:58-----------85.43
11:59-----------79.80
12:01-----------79.17-------------2499.38 (-3.07%)
Market Close.
Value turnover: PhP 1.937 bn
Cross transactions: PhP 638 mn
Advancers 12
Decliners 94
Unchanged 32
Sectoral Indices fell across-the-board.
Financial -3.30%
Holdings -3.13%
Property -3.06%
Industrial -3.06%
M-O -2.02%
Services -1.86%
The Day's Top Gainers:
MFIN: PhP 3.80; +26.67%
ATS: PhP 1.12; +12.00%
ISM: PhP 0.026; +8.33%
The Day's Biggest Decliners:
PWR: PhP 0.21; -30.00%
SGI: PhP 0.50; -16.67%
LIHC: PhP 7.90; -14.13%
At mid-day:
Asian market were down.
The Philippine Peso was at PhP 44.484 vs US$ 1.00.
PSEi previous close - 2578.57
time------------down------------PSEi
9:31-----------12.03-----------2566.54
9:34-----------20.57
9:49-----------37.91
10:16----------44.28
10:23----------50.91------------2527.66
The decline brings the PSEi towards the 2510 support level which is the June 12, 2008 low.
10:30----------64.40------------2514.17
10:49----------68.00------------2510.57
The 2510 level is tested. The market tries to consolidate.
10:53-----------68.86
11:18-----------69.63------------2508.94
11:29-----------66.13------------2512.44
11:36-----------68.70------------2509.87
The 2510 level does not hold and the PSEi even declines further.
11:37-----------70.68
11:38-----------72.39
11:40-----------73.59
11:41-----------74.18
11:42-----------76.86
11:43-----------78.15-------------2500.42
The 2500 level is also breached.
11:44-----------80.25
11:47-----------86.25
11:51-----------88.31-------------2490.26 (lowest level since Oct 2006)
11:55-----------88.09
11:58-----------85.43
11:59-----------79.80
12:01-----------79.17-------------2499.38 (-3.07%)
Market Close.
Value turnover: PhP 1.937 bn
Cross transactions: PhP 638 mn
Advancers 12
Decliners 94
Unchanged 32
Sectoral Indices fell across-the-board.
Financial -3.30%
Holdings -3.13%
Property -3.06%
Industrial -3.06%
M-O -2.02%
Services -1.86%
The Day's Top Gainers:
MFIN: PhP 3.80; +26.67%
ATS: PhP 1.12; +12.00%
ISM: PhP 0.026; +8.33%
The Day's Biggest Decliners:
PWR: PhP 0.21; -30.00%
SGI: PhP 0.50; -16.67%
LIHC: PhP 7.90; -14.13%
At mid-day:
Asian market were down.
The Philippine Peso was at PhP 44.484 vs US$ 1.00.
Saturday, June 21, 2008
Trading in WallStreet - June 20, 2008
Dow Jones Industrial Average (DJIA) Summary
Index Value: 11,842.69
Trade Time: June 20
Change: Down 220.40 (-1.83%)
Prev Close: 12,063.09
Open: 12,062.19
Day's Range: 11818.83 - 12062.19
The DJIA opened lower and easily fell below the 12000 level. With this key index level broken; it ended with a loss of more than 200 points.
Index Value: 11,842.69
Trade Time: June 20
Change: Down 220.40 (-1.83%)
Prev Close: 12,063.09
Open: 12,062.19
Day's Range: 11818.83 - 12062.19
The DJIA opened lower and easily fell below the 12000 level. With this key index level broken; it ended with a loss of more than 200 points.
Friday, June 20, 2008
The Philippine Stock Market - June 20, 2008
Dow Jones Industrial Average (DJIA) Summary
Index Value: 12,063.09
Trade Time: June 19
Change: Up 34.03 (+0.28%)
Prev Close: 12,029.06
Open: 12,022.54
Day's Range: 11,978.33 - 12,114.79
The DJIA is still testing the 12000 level as a support.
The local equities market traded in a tight range with a downward bias ahead of the weekend. The Philippine Stock Exchange Index (PSEi) moved within the 2575-2600 levels.
PSEi previous close - 2592.59 (June 19)
open - 2588.44
high - 2594.81 (+2.22)
low - 2576.43 (-16.16)
close - 2578.57 (-14.02 or -0.54%)
Advancers 27
Decliners 61
Unchanged 51
Sectoral Indices.
Property +0.21%
Financial -0.25%
Industrial -0.35%
Services -0.42%
Holdings -0.78%
M-O -2.70%
The Day's Top Gainers:
VITA: PhP 0.32; +10.34%
PCIL: PhP 1.56; +9.86%
GSMI: PhP 21.00; +6.33%
The Day's Biggest Decliners:
BHI: PhP 0.115; -20.69%
MHC: PhP 0.35; -12.50%
LIHC: PhP 9.20; -10.24%
At mid-day:
Asian markets were mixed.
The Philippine Peso was at PhP 44.427 vs US$ 1.00.
Index Value: 12,063.09
Trade Time: June 19
Change: Up 34.03 (+0.28%)
Prev Close: 12,029.06
Open: 12,022.54
Day's Range: 11,978.33 - 12,114.79
The DJIA is still testing the 12000 level as a support.
The local equities market traded in a tight range with a downward bias ahead of the weekend. The Philippine Stock Exchange Index (PSEi) moved within the 2575-2600 levels.
PSEi previous close - 2592.59 (June 19)
open - 2588.44
high - 2594.81 (+2.22)
low - 2576.43 (-16.16)
close - 2578.57 (-14.02 or -0.54%)
Advancers 27
Decliners 61
Unchanged 51
Sectoral Indices.
Property +0.21%
Financial -0.25%
Industrial -0.35%
Services -0.42%
Holdings -0.78%
M-O -2.70%
The Day's Top Gainers:
VITA: PhP 0.32; +10.34%
PCIL: PhP 1.56; +9.86%
GSMI: PhP 21.00; +6.33%
The Day's Biggest Decliners:
BHI: PhP 0.115; -20.69%
MHC: PhP 0.35; -12.50%
LIHC: PhP 9.20; -10.24%
At mid-day:
Asian markets were mixed.
The Philippine Peso was at PhP 44.427 vs US$ 1.00.
Thursday, June 19, 2008
The Philippine Stock Market - June 19, 2008
Dow Jones Industrial Average (DJIA) Summary
Index Value: 12,029.06
Trade Time: June 18
Change: Down 131.24 (-1.08%)
Prev Close: 12,160.30
Open: 12,158.68
Day's Range: 11993.64 - 12158.68
The DJIA again fell lower and even broke below the 12000 level at one point before closing just slightly above this support level. The DJIA is currently at its 3-month low levels.
The local equities market was unable to ignore the second straight day drop of more than 100 points in the US markets. The Philippine Stock Exchange Index (PSEi) immediately fell lower upon the opening bell.
PSEi previous close - 2628.20 (June 18)
time-----------down-------------PSEi
9:31----------15.13------------2613.07
9:35------PhP 44.335 vs US$ 1.00
9:36----------23.08
9:37----------25.99
9:40----------30.19------------2598.01
The 2600 level was tested.
9:41----------31.13------------2597.08
9:42----------25.40
9:49----------30.07
9:55----------27.30------------2600.90
The 2600 level holds for the next hour.
10:05------PhP 44.349 vs US$ 1.00
10:09---------23.56
10:10---------21.85
10:13---------24.20
10:16---------19.99-------------2608.21
10:25---------21.32
10:32---------23.18
10:36-------PhP 44.361 vs US$ 1.00
10:49---------24.51
10:56---------26.97
10:58---------27.56-------------2600.64
11:01---------29.27-------------2598.93
The 2600 level was broken and the market declines further.
(A break of a support level gives most investors a signal to sell and this can be observed by the acceleration of the market drop in the next few minutes.)
11:02---------30.47
11:03---------32.75
11:05---------33.65
11:06---------33.97
11:11---------35.39
11:14---------36.23
11:16---------37.05
11:17---------38.27
11:27---------40.20
11:28---------40.43
11:33---------41.14
11:35---------44.11-------------2584.09 (day's low)
11:35------PhP 44.375 vs US$ 1.00.
The market consolidates within the 2575-2600 leel in the last 15 minutes of trading.
11:47---------40.39
11:54---------39.40
11:56---------36.99
11:57---------34.63--------------2593.57
11:58---------43.66--------------2584.54
11:59---------40.81
12:01---------35.61--------------2592.59 (-1.35%)
Market Close.
Value turnover: PhP 2.614 bn
Cross transactions: PhP 1.612 bn
Advancers 13
Decliners 101
Unchanged 35
Sectoral Indices.
Property -2.79%
Industrial -2.25%
Holdings -1.97%
M-O -1.79%
Financial -1.61%
Services -0.21%
The Day's Top Gainers:
DHC: PhP 14.75; +47.50%
HI: PhP 1.76; +6.02%
ORE: PhP 1.78; +5.95%
The Day's Biggest Decliners:
TDY: PhP 2.95; -21.33%
SHNG: PhP 1.62; -17.35%
CRC: PhP 3.85; -14.44%
Index Value: 12,029.06
Trade Time: June 18
Change: Down 131.24 (-1.08%)
Prev Close: 12,160.30
Open: 12,158.68
Day's Range: 11993.64 - 12158.68
The DJIA again fell lower and even broke below the 12000 level at one point before closing just slightly above this support level. The DJIA is currently at its 3-month low levels.
The local equities market was unable to ignore the second straight day drop of more than 100 points in the US markets. The Philippine Stock Exchange Index (PSEi) immediately fell lower upon the opening bell.
PSEi previous close - 2628.20 (June 18)
time-----------down-------------PSEi
9:31----------15.13------------2613.07
9:35------PhP 44.335 vs US$ 1.00
9:36----------23.08
9:37----------25.99
9:40----------30.19------------2598.01
The 2600 level was tested.
9:41----------31.13------------2597.08
9:42----------25.40
9:49----------30.07
9:55----------27.30------------2600.90
The 2600 level holds for the next hour.
10:05------PhP 44.349 vs US$ 1.00
10:09---------23.56
10:10---------21.85
10:13---------24.20
10:16---------19.99-------------2608.21
10:25---------21.32
10:32---------23.18
10:36-------PhP 44.361 vs US$ 1.00
10:49---------24.51
10:56---------26.97
10:58---------27.56-------------2600.64
11:01---------29.27-------------2598.93
The 2600 level was broken and the market declines further.
(A break of a support level gives most investors a signal to sell and this can be observed by the acceleration of the market drop in the next few minutes.)
11:02---------30.47
11:03---------32.75
11:05---------33.65
11:06---------33.97
11:11---------35.39
11:14---------36.23
11:16---------37.05
11:17---------38.27
11:27---------40.20
11:28---------40.43
11:33---------41.14
11:35---------44.11-------------2584.09 (day's low)
11:35------PhP 44.375 vs US$ 1.00.
The market consolidates within the 2575-2600 leel in the last 15 minutes of trading.
11:47---------40.39
11:54---------39.40
11:56---------36.99
11:57---------34.63--------------2593.57
11:58---------43.66--------------2584.54
11:59---------40.81
12:01---------35.61--------------2592.59 (-1.35%)
Market Close.
Value turnover: PhP 2.614 bn
Cross transactions: PhP 1.612 bn
Advancers 13
Decliners 101
Unchanged 35
Sectoral Indices.
Property -2.79%
Industrial -2.25%
Holdings -1.97%
M-O -1.79%
Financial -1.61%
Services -0.21%
The Day's Top Gainers:
DHC: PhP 14.75; +47.50%
HI: PhP 1.76; +6.02%
ORE: PhP 1.78; +5.95%
The Day's Biggest Decliners:
TDY: PhP 2.95; -21.33%
SHNG: PhP 1.62; -17.35%
CRC: PhP 3.85; -14.44%
Wednesday, June 18, 2008
The Philippine Stock Market - June 18, 2008
Dow Jones Industrial Average (DJIA) Summary
Index Value: 12,160.30
Trade Time: June 17
Change: Down 108.78 (-0.89%)
Prev Close: 12,269.08
Open: 12,269.65
Day's Range: 12150.29 - 12322.82
The DJIA was up in the early going and even challenged the 12300 level. However in then reversed direction and continued to decline and closed near its low.
The local equities market consolidated at the 2621-2639 range which was the previous chart gap that was recently closed.
The Philippine Stock Exchange Index (PSEi) opened lower and touched its low; recovered somehow and briefly stayed in positive territory; fell again in a spate of selling to test again its day's low and finally closed by recovering some of its losses.
PSEi previous close - 2637.26 (June 17)
open - 2633.73 (-3.53)
low - 2620.36 (-16.90)
high - 2641.99 (+4.73)
close - 2628.20 (-9.06 pts or -0.34%)
Value turnover: PhP 1.927 bn
Cross transactions: PhP 865 mn
Advancers 20
Decliners 78
Unchanged 48
The Day's Top Gainers:
PBC: PhP 35.00; +12.90%
SCC: PhP 55.00; +5.77%
PRC: PhP 3.70; +5.71%
SHNG: PhP 1.96; +5.38%
The Day's Biggest Decliners:
CRC: PhP 4.50; -29.69%
BPC: PhP 1.22; -8.96%
NI: PhP 9.60; -8.57%
DIZ: PhP 3.60; -7.69%
At mid-day:
Asian markets were mixed.
The Philippine Peso was at PhP 44.119 Vs the US$ 1.00. Earlier in the morning; it was at phP 44.085.
Index Value: 12,160.30
Trade Time: June 17
Change: Down 108.78 (-0.89%)
Prev Close: 12,269.08
Open: 12,269.65
Day's Range: 12150.29 - 12322.82
The DJIA was up in the early going and even challenged the 12300 level. However in then reversed direction and continued to decline and closed near its low.
The local equities market consolidated at the 2621-2639 range which was the previous chart gap that was recently closed.
The Philippine Stock Exchange Index (PSEi) opened lower and touched its low; recovered somehow and briefly stayed in positive territory; fell again in a spate of selling to test again its day's low and finally closed by recovering some of its losses.
PSEi previous close - 2637.26 (June 17)
open - 2633.73 (-3.53)
low - 2620.36 (-16.90)
high - 2641.99 (+4.73)
close - 2628.20 (-9.06 pts or -0.34%)
Value turnover: PhP 1.927 bn
Cross transactions: PhP 865 mn
Advancers 20
Decliners 78
Unchanged 48
The Day's Top Gainers:
PBC: PhP 35.00; +12.90%
SCC: PhP 55.00; +5.77%
PRC: PhP 3.70; +5.71%
SHNG: PhP 1.96; +5.38%
The Day's Biggest Decliners:
CRC: PhP 4.50; -29.69%
BPC: PhP 1.22; -8.96%
NI: PhP 9.60; -8.57%
DIZ: PhP 3.60; -7.69%
At mid-day:
Asian markets were mixed.
The Philippine Peso was at PhP 44.119 Vs the US$ 1.00. Earlier in the morning; it was at phP 44.085.
Tuesday, June 17, 2008
The Philippine Stock Market - June 17, 2008
Dow Jones Industrial Average (DJIA)Summary
Index Value: 12,269.08
Trade Time: June 16
Change: Down 38.27 (-0.31%)
Prev Close: 12,307.35
Open: 12,306.86
Day's Range: 12212.25 - 12319.72
The DJIA opened lower and traded in negative territory in the early part of the trading session as World Crude prices touched new highs near the $140 a barrel level. A late rally had the DJIA even go higher at one point and end with its losses trimmed.
The local equities market opened weak but soon found its bearings. The Philippine Stock Exchange Index (PSEi) then advanced and closed the chart gap at the 2639-2621 levels and consolidated for the rest of the session.
PSEi previous close - 2620.76 (June 16)
open - 2621.82
low - 2613.92 (-6.84)
high - 2650.76 (+30.00)
close - 2637.26 (+16.50 or +0.63%)
Market Close.
Support is at the 2575-2600 levels. Target resistance is at the 2700-2712 levels.
Value turnover: PhP 2.200 bn
Cross transactions: PhP 1.161 bn
Advancers 48
Decliners 34
Unchanged 63
Sectoral Indices.
Services +2.30%
Holdings +0.66%
M-O +0.16%
Financial +0.14%
Industrial -0.12%
Property -0.36%
The Day's Top Gainers:
CYBR: PhP 0.30; +20.00%
WIN: PhP 0.215; +13.16%
PSB: PhP 43.50; +8.75%
The Day's Biggest Decliners:
PRIM: PhP 0.30; -33.33%
ARA: PhP 0.40; -6.98%
ANS: PhP 2.80; -6.67%
At mid-day:
Asian markets were down.
The Philippine peso was at PhP 44.425 vs US$1.00.
WTI crude was at the $US 134 a barrel level.
Index Value: 12,269.08
Trade Time: June 16
Change: Down 38.27 (-0.31%)
Prev Close: 12,307.35
Open: 12,306.86
Day's Range: 12212.25 - 12319.72
The DJIA opened lower and traded in negative territory in the early part of the trading session as World Crude prices touched new highs near the $140 a barrel level. A late rally had the DJIA even go higher at one point and end with its losses trimmed.
The local equities market opened weak but soon found its bearings. The Philippine Stock Exchange Index (PSEi) then advanced and closed the chart gap at the 2639-2621 levels and consolidated for the rest of the session.
PSEi previous close - 2620.76 (June 16)
open - 2621.82
low - 2613.92 (-6.84)
high - 2650.76 (+30.00)
close - 2637.26 (+16.50 or +0.63%)
Market Close.
Support is at the 2575-2600 levels. Target resistance is at the 2700-2712 levels.
Value turnover: PhP 2.200 bn
Cross transactions: PhP 1.161 bn
Advancers 48
Decliners 34
Unchanged 63
Sectoral Indices.
Services +2.30%
Holdings +0.66%
M-O +0.16%
Financial +0.14%
Industrial -0.12%
Property -0.36%
The Day's Top Gainers:
CYBR: PhP 0.30; +20.00%
WIN: PhP 0.215; +13.16%
PSB: PhP 43.50; +8.75%
The Day's Biggest Decliners:
PRIM: PhP 0.30; -33.33%
ARA: PhP 0.40; -6.98%
ANS: PhP 2.80; -6.67%
At mid-day:
Asian markets were down.
The Philippine peso was at PhP 44.425 vs US$1.00.
WTI crude was at the $US 134 a barrel level.
Monday, June 16, 2008
The Philippine Stock Market - June 16, 2008
The local equities market got a boost in sentiment to follow through on its advance as the DJIA finished strong last friday. The Philippine Stock Exchange Index (PSEi) opened higher; continued to steadily advance; locked in its gains and finished near its high.
PSEi previous close - 2554.75
time-----------up------------PSEi
9:31-----------6.76----------2561.51 (day's low)
9:38----------21.13----------2575.88
The immediate resistance at 2575 is immediately broken and the market has just started to get its momentum going again.
9:40----------24.03
9:44----------25.20
9:45----------30.87
9:46----------36.91
9:52----------38.22
9:54----------39.97
10:00---------44.49
10:01---------45.35------------2600.10
10:04---------46.65------------2601.40
The 2600 level was broken. The day's advance was led by key index issues.
STOCK-------price at this point---------previous close
TEL-------------PhP 2390.00--------------PhP 2345.00
MER--------------------49.00--------------------47.50
AC---------------------292.50-------------------282.50
BPI---------------------50.00--------------------47.50
ALI---------------------10.25--------------------10.00
The market continues to gain ground.
10:13----------48.87------------2603.62
10:15----------51.99
10:16----------53.48------------2608.23
10:25----------49.18------------2603.93
The 2600 level holds.
10:29----------55.83
10:34----------62.01
10:47----------64.02
10:52----------65.12
10:54----------67.54------------2622.29
The PSEi now attempts to close the chart gap at the 2639-2621 levels.
11:01----------69.67
11:02----------72.17
11:07----------73.79-------------2628.64 (day's high)
The market consolidates its gains for the rest of the trading session.
11:10----------71.14
11:28----------70.32
11:31----------68.68
11:37----------66.45
11:45----------66.23
11:54----------64.96
11:57----------63.71--------------2618.46
11:58----------66.29
11;59----------72.05
12:01----------66.01--------------2620.76 (+2.58%)
Market Close.
Value turnover: PhP 2.875 bn
Cross transactions: PhP 1.106 bn
Block Sales: PhP 269 mn (100,290 shs of TEL @ PhP 2345 and 14,710 shs @ PhP 2340)
Advancers 58
Decliners 26
Unchanged 61
Sectoral Indices.
Holdings +3.13%
Financial +2.78%
Industrial +2.73%
Services +1.76%
Property +0.81%
M-O +0.62%
The Day's Top Gainers:
CRC: PhP 6.40; +42.22%
JTH: PhP 3.10; +33.62%
ASIA: PhP 8.50; +8.97%
CEI: PhP 0.065; +8.33%
The Day's Biggest Decliners:
APX: PhP 3.95; -12.22%
ABAB: PhP 0.0085; -11.76%
PO: PhP 2.80; -11.11%
CYBR: PhP 0.25; -7.41%
At mid-day:
Asian markets were up.
The Philippine Peso was at phP 44.440 vs US$1.00.
PSEi previous close - 2554.75
time-----------up------------PSEi
9:31-----------6.76----------2561.51 (day's low)
9:38----------21.13----------2575.88
The immediate resistance at 2575 is immediately broken and the market has just started to get its momentum going again.
9:40----------24.03
9:44----------25.20
9:45----------30.87
9:46----------36.91
9:52----------38.22
9:54----------39.97
10:00---------44.49
10:01---------45.35------------2600.10
10:04---------46.65------------2601.40
The 2600 level was broken. The day's advance was led by key index issues.
STOCK-------price at this point---------previous close
TEL-------------PhP 2390.00--------------PhP 2345.00
MER--------------------49.00--------------------47.50
AC---------------------292.50-------------------282.50
BPI---------------------50.00--------------------47.50
ALI---------------------10.25--------------------10.00
The market continues to gain ground.
10:13----------48.87------------2603.62
10:15----------51.99
10:16----------53.48------------2608.23
10:25----------49.18------------2603.93
The 2600 level holds.
10:29----------55.83
10:34----------62.01
10:47----------64.02
10:52----------65.12
10:54----------67.54------------2622.29
The PSEi now attempts to close the chart gap at the 2639-2621 levels.
11:01----------69.67
11:02----------72.17
11:07----------73.79-------------2628.64 (day's high)
The market consolidates its gains for the rest of the trading session.
11:10----------71.14
11:28----------70.32
11:31----------68.68
11:37----------66.45
11:45----------66.23
11:54----------64.96
11:57----------63.71--------------2618.46
11:58----------66.29
11;59----------72.05
12:01----------66.01--------------2620.76 (+2.58%)
Market Close.
Value turnover: PhP 2.875 bn
Cross transactions: PhP 1.106 bn
Block Sales: PhP 269 mn (100,290 shs of TEL @ PhP 2345 and 14,710 shs @ PhP 2340)
Advancers 58
Decliners 26
Unchanged 61
Sectoral Indices.
Holdings +3.13%
Financial +2.78%
Industrial +2.73%
Services +1.76%
Property +0.81%
M-O +0.62%
The Day's Top Gainers:
CRC: PhP 6.40; +42.22%
JTH: PhP 3.10; +33.62%
ASIA: PhP 8.50; +8.97%
CEI: PhP 0.065; +8.33%
The Day's Biggest Decliners:
APX: PhP 3.95; -12.22%
ABAB: PhP 0.0085; -11.76%
PO: PhP 2.80; -11.11%
CYBR: PhP 0.25; -7.41%
At mid-day:
Asian markets were up.
The Philippine Peso was at phP 44.440 vs US$1.00.
Saturday, June 14, 2008
Trading in WallStreet - June 13, 2008
Dow Jones Industrial Average (DJIA) Summary
Index Value: 12,307.35
Trade Time: Jun 13
Change: Up 165.77 (+1.37%)
Prev Close: 12,141.58
Open: 12,144.59
Day's Range: 12144.59 - 12310.28
The DJIA immediately opened higher and challenged the 12300 level early in the trading day. It pulled back and gave back most of its gains in mid-session but a strong finish had it close near its high.
Index Value: 12,307.35
Trade Time: Jun 13
Change: Up 165.77 (+1.37%)
Prev Close: 12,141.58
Open: 12,144.59
Day's Range: 12144.59 - 12310.28
The DJIA immediately opened higher and challenged the 12300 level early in the trading day. It pulled back and gave back most of its gains in mid-session but a strong finish had it close near its high.
Friday, June 13, 2008
The Philippine Stock Market - June 13, 2008
Dow Jones Industrial Average (DJIA) Summary
Index Value: 12,141.58
Trade Time: June 12
Change: Up 57.81 (+0.48%)
Prev Close: 12,083.77
Open: 12,089.63
Day's Range: 12076.93 - 12269.24
The DJIA used the 12000 as a support level and rose on the first half of the trading day. Its strong advance had it up by almost 200 points at one point; and the DJIA even challenged the 12250 level. However, it gave back most of gains in the latter part of the session and ended with modest gains.
The local equities market followed the lead of the DJIA. The Philippine Stock Exchange Index (PSEi) also opened strong but also gave back most of its gains. Investors cashed in ahead of the weekend as they remain wary that a huge drop in the US markets like last week is still possible.
PSEi previous close - 2544.89 (June 12)
open - 2548.62
high - 2574.67 (+29.78)
close - 2554.75 (+9.86 or +0.39%)
Today's high closed the chart gap at the 2575-2564 levels opened yesterday. Immediate support is at the 2500-2510 levels and immediate resistance at the 2575-2600 levels.
A gap at the 2639 - 2621 opened earlier this week (June 10-11) remains.
Value turnover: PhP 2.883 bn
Cross transactions: PhP 1.784 bn
Advancers 56
Decliners 41
Unchanged 48
Sectoral Indices:
Property +0.88%
M-O +0.84%
Services +0.64%
Holdings +0.48%
Financial +0.10%
Industrial -0.24%
The Day's Top Gainers:
CRC: PhP 4.50; +50.00%
CA: PhP 78.50; +49.52%
BKD: PhP 1.54; +13.24%
The Day's Biggest Decliners:
MB: PhP 0.55; -8.33%
COL: PhP 5.00; -7.41%
MJC: PhP 4.20; -6.67%
At mid-day.
Most asian markets were lower.
The Philippine Peso was slightly stronger at PhP 44.356 vs US$ 1.00.
Index Value: 12,141.58
Trade Time: June 12
Change: Up 57.81 (+0.48%)
Prev Close: 12,083.77
Open: 12,089.63
Day's Range: 12076.93 - 12269.24
The DJIA used the 12000 as a support level and rose on the first half of the trading day. Its strong advance had it up by almost 200 points at one point; and the DJIA even challenged the 12250 level. However, it gave back most of gains in the latter part of the session and ended with modest gains.
The local equities market followed the lead of the DJIA. The Philippine Stock Exchange Index (PSEi) also opened strong but also gave back most of its gains. Investors cashed in ahead of the weekend as they remain wary that a huge drop in the US markets like last week is still possible.
PSEi previous close - 2544.89 (June 12)
open - 2548.62
high - 2574.67 (+29.78)
close - 2554.75 (+9.86 or +0.39%)
Today's high closed the chart gap at the 2575-2564 levels opened yesterday. Immediate support is at the 2500-2510 levels and immediate resistance at the 2575-2600 levels.
A gap at the 2639 - 2621 opened earlier this week (June 10-11) remains.
Value turnover: PhP 2.883 bn
Cross transactions: PhP 1.784 bn
Advancers 56
Decliners 41
Unchanged 48
Sectoral Indices:
Property +0.88%
M-O +0.84%
Services +0.64%
Holdings +0.48%
Financial +0.10%
Industrial -0.24%
The Day's Top Gainers:
CRC: PhP 4.50; +50.00%
CA: PhP 78.50; +49.52%
BKD: PhP 1.54; +13.24%
The Day's Biggest Decliners:
MB: PhP 0.55; -8.33%
COL: PhP 5.00; -7.41%
MJC: PhP 4.20; -6.67%
At mid-day.
Most asian markets were lower.
The Philippine Peso was slightly stronger at PhP 44.356 vs US$ 1.00.
Thursday, June 12, 2008
The Philippine Stock Market - June 12, 2008
Dow Jones Industrial Average(DJIA) Summary
Index Value: 12,083.77
Trade Time: June 11
Change: Down 205.99 (-1.68%)
Prev Close: 12,289.76
Open: 12,286.34
Day's Range: 12079.13 - 12286.67
The DJIA again experienced a sharp fall and closed near its low. The 12,000 level is currently being tested.
The local equities market continues with its downward momentum and again immediately opened lower. The Philippine Stock Exchange Index (PSEi) is trying to look for an immediate support at the 2,500 level.
PSEi previous close - 2579.28
time-----------down----------PSEi
9:31-----------14.84--------2564.44
9:45-----------43.71
10:01----------53.70
10:29----------68.47--------2510.81 (the day's low)
The 2500 - 2550 support seems to be holding.
10:31----------64.03
11:01----------57.78
The market trims its losses in the last hour of trading.
11:04----------53.89
11;31----------48.08
11:46----------36.68
11:49----------42.44
12:01----------34.49----------2544.89 (-1.33%)
Market Close.
Value turnover: PhP 3.355 bn
Cross transactions: PhP 1.372 bn
Advancers 16
Decliners 92
Unchanged 47
There are only 2 index issue gainers.
Sectoral Indices were again lower acrss-the-board.
Property -2.40%
M-O -2.00%
Holdings -1.58%
Industrial -1.36%
Financial -0.96%
Services -0.78%
The Day's Top Gainers:
CA: PhP 52.50; +50.00%
APX: PhP 4.50; +15.38%
BHI: PhP 0.145; +7.41%
The Day's Biggest Decliners:
SEVN: PhP 3.35; -33.00%
AB: PhP 3.50; -28.57%
VVT: PhP 5.00; -16.67%
At mid-day.
Asian markets were down.
The Philippine Peso was at PhP 44.455 vs US$ 1.00.
MARKET DECLINES:
Mkt Ave----------three wks ago--------------today---------------------down
DJIA--------13136.70(May 19)------12083.77(June 11)--------1052.93(-8.01%)
PSEi---------2903.51 (May 20)------2544.89 (June 12)---------358.62(-12.35%)
Index Value: 12,083.77
Trade Time: June 11
Change: Down 205.99 (-1.68%)
Prev Close: 12,289.76
Open: 12,286.34
Day's Range: 12079.13 - 12286.67
The DJIA again experienced a sharp fall and closed near its low. The 12,000 level is currently being tested.
The local equities market continues with its downward momentum and again immediately opened lower. The Philippine Stock Exchange Index (PSEi) is trying to look for an immediate support at the 2,500 level.
PSEi previous close - 2579.28
time-----------down----------PSEi
9:31-----------14.84--------2564.44
9:45-----------43.71
10:01----------53.70
10:29----------68.47--------2510.81 (the day's low)
The 2500 - 2550 support seems to be holding.
10:31----------64.03
11:01----------57.78
The market trims its losses in the last hour of trading.
11:04----------53.89
11;31----------48.08
11:46----------36.68
11:49----------42.44
12:01----------34.49----------2544.89 (-1.33%)
Market Close.
Value turnover: PhP 3.355 bn
Cross transactions: PhP 1.372 bn
Advancers 16
Decliners 92
Unchanged 47
There are only 2 index issue gainers.
Sectoral Indices were again lower acrss-the-board.
Property -2.40%
M-O -2.00%
Holdings -1.58%
Industrial -1.36%
Financial -0.96%
Services -0.78%
The Day's Top Gainers:
CA: PhP 52.50; +50.00%
APX: PhP 4.50; +15.38%
BHI: PhP 0.145; +7.41%
The Day's Biggest Decliners:
SEVN: PhP 3.35; -33.00%
AB: PhP 3.50; -28.57%
VVT: PhP 5.00; -16.67%
At mid-day.
Asian markets were down.
The Philippine Peso was at PhP 44.455 vs US$ 1.00.
MARKET DECLINES:
Mkt Ave----------three wks ago--------------today---------------------down
DJIA--------13136.70(May 19)------12083.77(June 11)--------1052.93(-8.01%)
PSEi---------2903.51 (May 20)------2544.89 (June 12)---------358.62(-12.35%)
Wednesday, June 11, 2008
The Philippine Stock Market - June 11, 2008
Dow Jones Industrial Average (DJIA) Summary
Index Value: 12,289.76
Trade Time: June 10
Change: Up 9.44 (+0.08%)
Prev Close: 12,280.32
Open: 12,277.71
Day's Range: 12206.96 - 12369.23
The DJIA moved within in a wide range of more than 150 points. It tested the 12,200 level as a support and was even up by almost 90 points at one point. It however closed relatively flat as investors remained wary.
The local equities market did not find any inspiration in the US markets' weak bounce and in today's rally in the asian markets. The Philippine Stock Market continued its downward momentum from yesterday. Selling also persisted because of the breakdown from the 2712 level with no immediate support in sight.
The Philippine Stock Exchange Index (PSEi) was down from the opening bell. Earlier on, it looked like it was going to hold above the 2600 level as the M-O sector was even higher on the news that the Galoc Oil field was going on line by next week. But a spate of selling rattled investors anew and when it became evident that the 2600 level would not hold; a near panic sell-off ensued and drove the market to lower levels. The PSEi closed near its low and is currently looking for a support at the 2500-2550 levels.
PSEi previous close - 2645.95 (June 10)
open - 2621.91
low - 2575.16 (-70.79)
close - 2579.28 (-66.67 or - 2.52%)
Value turnover: PhP 2.797 bn
Cross transactions: PhP 1.044 bn
Advancers 23
Decliners 87
Unchanged 44
There was only 1 index issue gainer.
Sectoral Indices fell across-the-board.
Services -3.04%
Industrial -2.68%
Holdings -2.63%
Property -1.24%
M-O -1.15%
Financial -0.94%
The Day's Top Gainers:
PWR: PhP 0.28; +33.33%
LAND: PhP 1.80; +15.38%
BSC: PhP 0.26; +8.33%
The Day's Biggest Decliners:
BHI: PhP 0.135; -12.90%
ACR: PhP 0.61; -10.29%
BPC: PhP 1.50; -9.64%
At mid-day:
Asian markets were up.
The Philippine peso was at PhP 44.482 vs US$ 1.00.
Index Value: 12,289.76
Trade Time: June 10
Change: Up 9.44 (+0.08%)
Prev Close: 12,280.32
Open: 12,277.71
Day's Range: 12206.96 - 12369.23
The DJIA moved within in a wide range of more than 150 points. It tested the 12,200 level as a support and was even up by almost 90 points at one point. It however closed relatively flat as investors remained wary.
The local equities market did not find any inspiration in the US markets' weak bounce and in today's rally in the asian markets. The Philippine Stock Market continued its downward momentum from yesterday. Selling also persisted because of the breakdown from the 2712 level with no immediate support in sight.
The Philippine Stock Exchange Index (PSEi) was down from the opening bell. Earlier on, it looked like it was going to hold above the 2600 level as the M-O sector was even higher on the news that the Galoc Oil field was going on line by next week. But a spate of selling rattled investors anew and when it became evident that the 2600 level would not hold; a near panic sell-off ensued and drove the market to lower levels. The PSEi closed near its low and is currently looking for a support at the 2500-2550 levels.
PSEi previous close - 2645.95 (June 10)
open - 2621.91
low - 2575.16 (-70.79)
close - 2579.28 (-66.67 or - 2.52%)
Value turnover: PhP 2.797 bn
Cross transactions: PhP 1.044 bn
Advancers 23
Decliners 87
Unchanged 44
There was only 1 index issue gainer.
Sectoral Indices fell across-the-board.
Services -3.04%
Industrial -2.68%
Holdings -2.63%
Property -1.24%
M-O -1.15%
Financial -0.94%
The Day's Top Gainers:
PWR: PhP 0.28; +33.33%
LAND: PhP 1.80; +15.38%
BSC: PhP 0.26; +8.33%
The Day's Biggest Decliners:
BHI: PhP 0.135; -12.90%
ACR: PhP 0.61; -10.29%
BPC: PhP 1.50; -9.64%
At mid-day:
Asian markets were up.
The Philippine peso was at PhP 44.482 vs US$ 1.00.
Tuesday, June 10, 2008
The Philippine Stock Market - June 10, 2008
Market Comments:
BusinessWorld - June 10, 2008
Dow Jones Industrial Average (DJIA) Summary
Index Value: 12,280.32
Trade Time: June 09
Change: Up 70.51 (+0.58%)
Prev Close: 12,209.81
Open: 12,210.13
Day's Range: 12195.32 - 12331.86
The DJIA had a modest rebound after last Friday's debacle of a 400 point loss. The 12,200 level holds as a support for now.
The local equities market however experienced a freefall. Because of yesterday's trading break, it is only today that investors were able to react to last Friday's huge drop in the US market. The Philippine Stock Exchange Index (PSEi) immediately opened steeply lower.
PSEi previous close - 2739.70 (June 06)
time------------down-----------PSEi
9:31-----------48.52----------2691.18
The support at 2700-2712 was immediately broken and the PSEi continued to spiral downwards.
9:33-----------56.81
9:35-----------66.04
9:39-----------71.42
9:44-----------75.56
9:51-----------77.19
9:54-----------79.16
9:56-----------83.05
9:59-----------85.29
10:04----------88.86
10:05----------89.58-----------2650.12
The PSEi initially seems to have found a support at the 2650 level. It consolidates at this level for the next hour.
10:07----------87.95
10:10----------86.84
10:12----------PhP 44.40 vs US$ 1.00
10:13----------89.43-----------2650.27
10:20----------88.66
10:23----------84.27
10:30----------84.27-----------2655.43
10:39----------86.47
10:45----------86.24
10:47----------PhP 44.406 vs US$ 1.00
10:50----------90.11-----------2649.59
The 2650 level is tested once again and the PSEi breaks below it. The markets trades in a narrow range for the rest of the trading day.
10:52----------89.33
11:01----------89.86
11:01----------90.32
11:07----------91.93
11:12----------91.93
11:16----------92.07
11:17----------PhP 44.418 vs US$ 1.00
11:23----------94.14
11:24----------96.67------------2643.03
11:26----------94.86
11:30----------89.39------------2650.31
The PSEi fails to hurdle the 2650 level.
11:33----------90.98
11:36----------91.30
11:41----------92.81
11:42----------PhP 44.418 vs US$ 1.00
11:46---------100.08-------------2639.62 (the day's low)
11:49----------98.80
11:55----------95.53
11:59----------95.48
12:01----------93.75-------------2645.95 (-3.42%)
Market Closed.
Advancers 8
Decliners 98
Unchanged 42
There was no index issue gainer.
Sectoral Indices.
Property -3.81%
Holdings -3.66%
Services -2.93%
Industrial -2.92%
Financial -2.59%
M-O -2.09%
The Day's Top Gainers:
LIHC: PhP 11.50; +25.00%
MUSX: PhP 0.24; +9.09%
GSMI: PhP 22.25; +3.49%
The Day's Biggest Decliners:
PWR: PhP 0.21; -38.24%
HI: PhP 1.80; -17.43%
CRC: PhP 3.00; -13.04%
At mid-day.
Asian markets were mostly down.
The Philippine Peso was at phP 44.419 vs US$ 1.00.
BusinessWorld - June 10, 2008Dow Jones Industrial Average (DJIA) Summary
Index Value: 12,280.32
Trade Time: June 09
Change: Up 70.51 (+0.58%)
Prev Close: 12,209.81
Open: 12,210.13
Day's Range: 12195.32 - 12331.86
The DJIA had a modest rebound after last Friday's debacle of a 400 point loss. The 12,200 level holds as a support for now.
The local equities market however experienced a freefall. Because of yesterday's trading break, it is only today that investors were able to react to last Friday's huge drop in the US market. The Philippine Stock Exchange Index (PSEi) immediately opened steeply lower.
PSEi previous close - 2739.70 (June 06)
time------------down-----------PSEi
9:31-----------48.52----------2691.18
The support at 2700-2712 was immediately broken and the PSEi continued to spiral downwards.
9:33-----------56.81
9:35-----------66.04
9:39-----------71.42
9:44-----------75.56
9:51-----------77.19
9:54-----------79.16
9:56-----------83.05
9:59-----------85.29
10:04----------88.86
10:05----------89.58-----------2650.12
The PSEi initially seems to have found a support at the 2650 level. It consolidates at this level for the next hour.
10:07----------87.95
10:10----------86.84
10:12----------PhP 44.40 vs US$ 1.00
10:13----------89.43-----------2650.27
10:20----------88.66
10:23----------84.27
10:30----------84.27-----------2655.43
10:39----------86.47
10:45----------86.24
10:47----------PhP 44.406 vs US$ 1.00
10:50----------90.11-----------2649.59
The 2650 level is tested once again and the PSEi breaks below it. The markets trades in a narrow range for the rest of the trading day.
10:52----------89.33
11:01----------89.86
11:01----------90.32
11:07----------91.93
11:12----------91.93
11:16----------92.07
11:17----------PhP 44.418 vs US$ 1.00
11:23----------94.14
11:24----------96.67------------2643.03
11:26----------94.86
11:30----------89.39------------2650.31
The PSEi fails to hurdle the 2650 level.
11:33----------90.98
11:36----------91.30
11:41----------92.81
11:42----------PhP 44.418 vs US$ 1.00
11:46---------100.08-------------2639.62 (the day's low)
11:49----------98.80
11:55----------95.53
11:59----------95.48
12:01----------93.75-------------2645.95 (-3.42%)
Market Closed.
Advancers 8
Decliners 98
Unchanged 42
There was no index issue gainer.
Sectoral Indices.
Property -3.81%
Holdings -3.66%
Services -2.93%
Industrial -2.92%
Financial -2.59%
M-O -2.09%
The Day's Top Gainers:
LIHC: PhP 11.50; +25.00%
MUSX: PhP 0.24; +9.09%
GSMI: PhP 22.25; +3.49%
The Day's Biggest Decliners:
PWR: PhP 0.21; -38.24%
HI: PhP 1.80; -17.43%
CRC: PhP 3.00; -13.04%
At mid-day.
Asian markets were mostly down.
The Philippine Peso was at phP 44.419 vs US$ 1.00.
Saturday, June 7, 2008
Trading in WallStreet - June 06, 2008
Dow Jones Industrial Average (DJIA) Summary
Index Value: 12,209.81
Trade Time: June 06
Change: Down 394.64 (-3.13%)
Prev Close: 12,604.45
Open: 12,602.74
Day's Range: 12192.06 - 12603.07
52wk Range: 11,508.70 - 14,280.00
It was a whopping decline in WallStreet as it suffered a huge sell-off. The loss was almost double its previous day's gain of 200 points and was the worst one day decline in 15 months. The US unemployment rate which rose 5.5% in May (its highest level since 2004) weighed down the market and the DJIA closed near its low.
Another big drag was that World Crude prices surged once again to new record highs (above US$ 138 a barrel) as it jumped almost $11 (its biggest one day advance for one day in dollar terms).
Index Value: 12,209.81
Trade Time: June 06
Change: Down 394.64 (-3.13%)
Prev Close: 12,604.45
Open: 12,602.74
Day's Range: 12192.06 - 12603.07
52wk Range: 11,508.70 - 14,280.00
It was a whopping decline in WallStreet as it suffered a huge sell-off. The loss was almost double its previous day's gain of 200 points and was the worst one day decline in 15 months. The US unemployment rate which rose 5.5% in May (its highest level since 2004) weighed down the market and the DJIA closed near its low.
Another big drag was that World Crude prices surged once again to new record highs (above US$ 138 a barrel) as it jumped almost $11 (its biggest one day advance for one day in dollar terms).
Friday, June 6, 2008
The Philippine Stock Market - June 06, 2008
Dow Jones Industrial Average (DJIA) Summary
Index Value: 12,604.45
Trade Time: June 05
Change: Up 213.97 (+1.73%)
Prev Close: 12,390.48
Open: 12,388.81
Day's Range: 12388.81 - 12610.96
The DJIA had a huge rebound in the US and got back more than 200 points overnight. The local equities market then followed suit in its advance but the rise in the Philippine Stock Exchange Index (PSEi) was tempered by the long weekend ahead.
PSEi previous close - 2718.42 (June 05)
open - 2720.52
high - 2746.26 (+27.84)
close - 2739.70 (+21.28 or +0.78%)
Value turnover: PhP 2.289 bn
Cross transactions: PhP 1.020 bn
Advancers 55
Decliners 31
Unchanged 57
Sectoral Indices:
Financial +0.22%
Services +0.41%
M-O +0.62%
Industrial +0.83%
Property +0.91%
Holdings +2.12%
The Day's Top Gainers:
LIHC: PhP 9.20; +16.46%
SOC: PhP 1.50; +10.29%
ACR: PhP 0.68; +9.68%
The Day's Biggest Decliners:
LND: PhP 0.45; -10.00%
MAB: PhP 0.016; -5.88%
POPI: PhP 0.33; -5.71%
The Bangko Sentral ng Pilipinas (BSP) raised its policy rates by 25 basis points yesterday. This brings the rate at which the BSP boorows from and lends to banks to 5.25% and 7.25% respectively.
At mid-day:
Asian markets were up.
The Philippine Peso continues to weaken and is at PhP 44.168 vs US$ 1.00.
Index Value: 12,604.45
Trade Time: June 05
Change: Up 213.97 (+1.73%)
Prev Close: 12,390.48
Open: 12,388.81
Day's Range: 12388.81 - 12610.96
The DJIA had a huge rebound in the US and got back more than 200 points overnight. The local equities market then followed suit in its advance but the rise in the Philippine Stock Exchange Index (PSEi) was tempered by the long weekend ahead.
PSEi previous close - 2718.42 (June 05)
open - 2720.52
high - 2746.26 (+27.84)
close - 2739.70 (+21.28 or +0.78%)
Value turnover: PhP 2.289 bn
Cross transactions: PhP 1.020 bn
Advancers 55
Decliners 31
Unchanged 57
Sectoral Indices:
Financial +0.22%
Services +0.41%
M-O +0.62%
Industrial +0.83%
Property +0.91%
Holdings +2.12%
The Day's Top Gainers:
LIHC: PhP 9.20; +16.46%
SOC: PhP 1.50; +10.29%
ACR: PhP 0.68; +9.68%
The Day's Biggest Decliners:
LND: PhP 0.45; -10.00%
MAB: PhP 0.016; -5.88%
POPI: PhP 0.33; -5.71%
The Bangko Sentral ng Pilipinas (BSP) raised its policy rates by 25 basis points yesterday. This brings the rate at which the BSP boorows from and lends to banks to 5.25% and 7.25% respectively.
At mid-day:
Asian markets were up.
The Philippine Peso continues to weaken and is at PhP 44.168 vs US$ 1.00.
Thursday, June 5, 2008
The Philippine Stock Market - June 05, 2008
Dow Jones Industrial Average(DJIA)Summary
Index Value: 12,390.48
Trade Time: June 04
Change: Down 12.37 (-0.10%)
Prev Close: 12,402.85
Open: 12,391.86
Day's Range: 12338.78 - 12496.16
The DJIA made an attempt to challenge the 12,500 level but gave back its gains to close slightly lower.
The Philippine Inflation figures for May 2008 was at the higher end of forecasts. It was at 9.6% and is a nine-year high (highest since January 1999).
The Philippine Stock Exhange Index (PSEi) reacted immediately as it opened lower. It then steadily declined to close near its low. It is currently testing the May 08,2008 low of 2712.
PSEi previos close - 2773.12 (June 04)
open - 2767.19
low - 2717.39 (-55.73)
close - 2718.42 (-54.70 or -1.97%)
Value turnover: PhP 2.538 bn
Cross transactions: PhP 958 mn
Advancers 21
Decliners 73
Unchanged 63
Sectoral Indices.
M-O +1.63%
Financial -1.59%
Services -1.65%
Industrial -1.81%
Holdings -2.78%
Property -2.84%
We are heading into a long weekend as June 09 was declared as a non-working holiday in lieu of June 12 (Philippine Independence Day). With no trading on Monday; some investors may opt to cash out and this may stymie any bargain hunting.
The M-O sector went against the bearish tide gained on prospects of the Galoc Oil-drilling project.
The Day's Top Gainers:
PHES: PhP 0.22; +10.00%
OPM: PhP 0.027; +8.00%
RLT: PhP 0.38; +7.89%
The Day's Biggest Decliners:
PECB: PhP 10.25; -39.71%
ROX: PhP 3.00; -14.29%
LIHC: PhP 7.90; -9.20%
At mid-day.
Asian markets were mostly down.
The Philippine Peso was above the PhP 44.00 mark and was at PhP 44.079 vs US$ 1.00.
Index Value: 12,390.48
Trade Time: June 04
Change: Down 12.37 (-0.10%)
Prev Close: 12,402.85
Open: 12,391.86
Day's Range: 12338.78 - 12496.16
The DJIA made an attempt to challenge the 12,500 level but gave back its gains to close slightly lower.
The Philippine Inflation figures for May 2008 was at the higher end of forecasts. It was at 9.6% and is a nine-year high (highest since January 1999).
The Philippine Stock Exhange Index (PSEi) reacted immediately as it opened lower. It then steadily declined to close near its low. It is currently testing the May 08,2008 low of 2712.
PSEi previos close - 2773.12 (June 04)
open - 2767.19
low - 2717.39 (-55.73)
close - 2718.42 (-54.70 or -1.97%)
Value turnover: PhP 2.538 bn
Cross transactions: PhP 958 mn
Advancers 21
Decliners 73
Unchanged 63
Sectoral Indices.
M-O +1.63%
Financial -1.59%
Services -1.65%
Industrial -1.81%
Holdings -2.78%
Property -2.84%
We are heading into a long weekend as June 09 was declared as a non-working holiday in lieu of June 12 (Philippine Independence Day). With no trading on Monday; some investors may opt to cash out and this may stymie any bargain hunting.
The M-O sector went against the bearish tide gained on prospects of the Galoc Oil-drilling project.
The Day's Top Gainers:
PHES: PhP 0.22; +10.00%
OPM: PhP 0.027; +8.00%
RLT: PhP 0.38; +7.89%
The Day's Biggest Decliners:
PECB: PhP 10.25; -39.71%
ROX: PhP 3.00; -14.29%
LIHC: PhP 7.90; -9.20%
At mid-day.
Asian markets were mostly down.
The Philippine Peso was above the PhP 44.00 mark and was at PhP 44.079 vs US$ 1.00.
Wednesday, June 4, 2008
The Philippine Stock Market - June 04, 2008
Dow Jones Industrial Average (DJIA) Summary
Index Value: 12,402.85
Trade Time: June 03
Change: Down 100.97 (-0.81%)
Prev Close: 12,503.82
Open: 12,503.20
Day's Range: 12342.12 - 12554.05
The DJIA tried to hold above the 12500 level. A selloff in the latter part of the trading session however had it close down by another hundred points.
The local equities market on the other hand; consolidated at its immediate support at the 2770-2780 level. After opening slightly up (its high for the day) and trying to hold its ground in the early going; the Philippine Stock Exchange Index (PSEi) fell slightly into negative territory and then moved in a narrow range for the rest of the trading day.
PSEi previous close - 2782.80 (June 03)
open - 2786.20
low - 2768.33 (-14.47)
close - 2773.12 (-9.68 or -0.35%)
Value turnover: PhP 2.311 bn
Cross transactions: PhP 1.216 bn
Advancers: 35
Decliners: 48
Unchanged: 66
There are only 4 index issue gainers.
Sectoral Indices.
M-O -1.61%
Holdings -0.62%
Industrial -0.56%
Services -0.22%
Financial -0.16%
property +0.44%
The Day's Top Gainers:
HI: PhP 2.18; +19.78%
ORE: PhP 1.82; +12.35%
OMW2: PhP 0.0055; +10.00%
LR: PhP 8.70; +6.60%
The Day's Biggest Decliners:
LIHC: PhP 8.70; -9.38%
BEL: PhP 0.80; -8.05%
APM: PhP 0.014; -6.67%
PCIL: PhP 1.50; -6.25%
UW: PhP 0.15; -6.25%
At mid-day:
Asian markets are mixed.
The Philippine Peso is at PhP 43.843 vs US $ 1.00.
Index Value: 12,402.85
Trade Time: June 03
Change: Down 100.97 (-0.81%)
Prev Close: 12,503.82
Open: 12,503.20
Day's Range: 12342.12 - 12554.05
The DJIA tried to hold above the 12500 level. A selloff in the latter part of the trading session however had it close down by another hundred points.
The local equities market on the other hand; consolidated at its immediate support at the 2770-2780 level. After opening slightly up (its high for the day) and trying to hold its ground in the early going; the Philippine Stock Exchange Index (PSEi) fell slightly into negative territory and then moved in a narrow range for the rest of the trading day.
PSEi previous close - 2782.80 (June 03)
open - 2786.20
low - 2768.33 (-14.47)
close - 2773.12 (-9.68 or -0.35%)
Value turnover: PhP 2.311 bn
Cross transactions: PhP 1.216 bn
Advancers: 35
Decliners: 48
Unchanged: 66
There are only 4 index issue gainers.
Sectoral Indices.
M-O -1.61%
Holdings -0.62%
Industrial -0.56%
Services -0.22%
Financial -0.16%
property +0.44%
The Day's Top Gainers:
HI: PhP 2.18; +19.78%
ORE: PhP 1.82; +12.35%
OMW2: PhP 0.0055; +10.00%
LR: PhP 8.70; +6.60%
The Day's Biggest Decliners:
LIHC: PhP 8.70; -9.38%
BEL: PhP 0.80; -8.05%
APM: PhP 0.014; -6.67%
PCIL: PhP 1.50; -6.25%
UW: PhP 0.15; -6.25%
At mid-day:
Asian markets are mixed.
The Philippine Peso is at PhP 43.843 vs US $ 1.00.
Tuesday, June 3, 2008
The Philippine Stock market - June 03, 2008
Dow Jones Industrial Average(DJIA) Summary
Index Value: 12,503.82
Trade Time: June 2
Change: Down 134.50 (-1.06%)
Prev Close: 12,638.32
Open: 12,637.67
Day's Range: 12427.77 - 12638.08
The DJIA dropped more than a hundred points and is testing the 12,500 level. This huge drop is NOT the lead that our local equities market needs. This sell-off again rattled investors. The Philippine Stock Exchange Index (PSEi) also fell hard and broke below its 2800 support level.
PSEi previous close - 2825.89 (June 02)
open - 2815.03
low - 2777.15 (-48.74)
close - 2782.80 (-43.09 or -1.52%)
Value turnover: PhP 1.974 bn
Cross transactions: PhP 826 mn
Advancers 31
Decliners 56
Unchanged 60
The PSEi is currently at its immediate support at the 2770-2780 levels. The next support is at the 2730-2750 levels but target maybe the 2712 low touched last May 08, 2008; if the decline accelerates.
The PSEi now is below the 10- and 30-day moving averages and technical indicators turn bearish.
Sectoral Indices.
Property -2.54%
Holdings -2.26%
Financial -1.95%
Services -1.23%
M-O -0.02%
Industrial +0.36%
The Day's Top Gainers:
LIHC: PhP 9.60; +50.00%
VUL: PhP 1.08; +12.50%
MHC: PhP 0.40; +11.11%
The Day's Biggest Decliners:
MFIN: PhP 3.00; -21.05%
COL: PhP 6.30; -7.35%
MED: PhP 0.38; -7.32%
At mid-day.
Asian markets were in the RED.
The Philippine Peso was at PhP 43.655 vs US$ 1.00.
Index Value: 12,503.82
Trade Time: June 2
Change: Down 134.50 (-1.06%)
Prev Close: 12,638.32
Open: 12,637.67
Day's Range: 12427.77 - 12638.08
The DJIA dropped more than a hundred points and is testing the 12,500 level. This huge drop is NOT the lead that our local equities market needs. This sell-off again rattled investors. The Philippine Stock Exchange Index (PSEi) also fell hard and broke below its 2800 support level.
PSEi previous close - 2825.89 (June 02)
open - 2815.03
low - 2777.15 (-48.74)
close - 2782.80 (-43.09 or -1.52%)
Value turnover: PhP 1.974 bn
Cross transactions: PhP 826 mn
Advancers 31
Decliners 56
Unchanged 60
The PSEi is currently at its immediate support at the 2770-2780 levels. The next support is at the 2730-2750 levels but target maybe the 2712 low touched last May 08, 2008; if the decline accelerates.
The PSEi now is below the 10- and 30-day moving averages and technical indicators turn bearish.
Sectoral Indices.
Property -2.54%
Holdings -2.26%
Financial -1.95%
Services -1.23%
M-O -0.02%
Industrial +0.36%
The Day's Top Gainers:
LIHC: PhP 9.60; +50.00%
VUL: PhP 1.08; +12.50%
MHC: PhP 0.40; +11.11%
The Day's Biggest Decliners:
MFIN: PhP 3.00; -21.05%
COL: PhP 6.30; -7.35%
MED: PhP 0.38; -7.32%
At mid-day.
Asian markets were in the RED.
The Philippine Peso was at PhP 43.655 vs US$ 1.00.
Monday, June 2, 2008
The Philippine Stock Market - June 02, 2008
It was an uneventful day of trading in the Philippine Stock Exchange. The local equities market was on a sideways mode as the Philippine Stock Exhange Index (PSEi) moved in a narrow range and closed only marginally lower.
PSEi previous close - 2827.44 (May 30)
open - 2827.87
high - 2839.29 (+11.85)
low - 2816.38 (-11.06)
close - 2825.89 (-1.55 or -0.05%)
Value turnover: PhP 2.884 bn
Cross transactions: PhP 1.182 bn
Block sale: 79,978,000 shares of Petron (PCOR) at PhP 5.10 with a total value of PhP 407,887,800
The market remains tentative and is still looking for leads. Even if the PSEi was down; Gainers led Losers as the smaller cap issues actively traded.
The PSEi is still in between the 30-day (2817) and 10-day (2844) moving averages.
Advancers 46
Decliners 39
Unchanged 53
Sectoral Indices.
Services -0.26%
Property -0.13%
Financial -0.12%
Holdings +0.06%
Industrial +0.30%
M-O +2.08%
The Day's Top Gainers:
MFIN: PhP 3.80; +26.67%
OM: PhP 0.0090; +12.50%
SUN: PhP 0.41; +10.81%
The Day's Biggest Decliners:
DIZ: PhP 4.10; -6.82%
VITA: PhP 0.30; -6.25%
PEP: PhP 0.90; -5.26%
At mid-day:
Asian markets were mixed.
The Philippine Peso was at phP 43.576 vs US$ 1.00.
PSEi previous close - 2827.44 (May 30)
open - 2827.87
high - 2839.29 (+11.85)
low - 2816.38 (-11.06)
close - 2825.89 (-1.55 or -0.05%)
Value turnover: PhP 2.884 bn
Cross transactions: PhP 1.182 bn
Block sale: 79,978,000 shares of Petron (PCOR) at PhP 5.10 with a total value of PhP 407,887,800
The market remains tentative and is still looking for leads. Even if the PSEi was down; Gainers led Losers as the smaller cap issues actively traded.
The PSEi is still in between the 30-day (2817) and 10-day (2844) moving averages.
Advancers 46
Decliners 39
Unchanged 53
Sectoral Indices.
Services -0.26%
Property -0.13%
Financial -0.12%
Holdings +0.06%
Industrial +0.30%
M-O +2.08%
The Day's Top Gainers:
MFIN: PhP 3.80; +26.67%
OM: PhP 0.0090; +12.50%
SUN: PhP 0.41; +10.81%
The Day's Biggest Decliners:
DIZ: PhP 4.10; -6.82%
VITA: PhP 0.30; -6.25%
PEP: PhP 0.90; -5.26%
At mid-day:
Asian markets were mixed.
The Philippine Peso was at phP 43.576 vs US$ 1.00.
Subscribe to:
Posts (Atom)