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.