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.

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