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.