Monday, July 7, 2008

The Philippine Stock Market - July 07, 2007

WallStreet was closed for the Fourth of July Holiday. The local equities market continued its momentum from last Friday's rebound. The Philippine Stock Exchange Index (PSEi) filled the recently opened chart gap and broke above the 2400 level.

PSEi previous close - 2369.21 (July 04)

time------------up-------------PSEi
9:31-----------7.19------------2376.40
9:46----------12.01
10:06---------23.87------------2393.08

The chart gap at the 2393-2364 was closed.

10:26---------31.59------------2400.80

The 2400 level was breached.

10:46---------34.30
11:29---------38.40
11:37---------44.14
11:55---------49.78------------2418.99 (day's high)
12:01---------45.45------------2414.66 (+1.92%)
Market Close.

Value turnover: PhP 1.545 bn
Cross transactions: PhP 568 mn

Advancers 64
Decliners 24
Unchanged 47

Sectoral indices advanced across-the-board.
Holdings +2.84%
Property +2.38%
M-O +1.94%
Financial +1.87%
Industrial +1.76%
Services +0.67%

The Day's Top Gainers:
ANS: PhP 2.95; +13.46%
UNI: PhP 0.11; +10.00%
MER: PhP 45.00; +8.43%

The Day's Biggest Decliners:
CDC: PhP 1.60; -11.11%
AR: PhP 0.0050; -9.09%
BSC: PhP 0.175; -7.89%

At mid-day.
Asian markets were mixed.
The Philippine Peso was at PhP 45.456 vs US$ 1.00.

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