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.