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.
Thursday, June 26, 2008
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