The Philippine Stock Market - July 28, 2008

With World Crude prices touching 7-week low levels last Friday; the local equities market got a boost to advance further today. The Philippine Stock Exchange Index (PSei) managed moderate gains after being able to hold at the 2500 level as a support last week.

PSEi previous close - 2512.72 (July 25)

time-------------up-------------PSEi
9:31------------14.57----------2527.29
9:32------------16.43
9:33------------18.77
9:35------------19.87
9:38------------21.72
9:42------------22.13
9:45------------24.15-----------2536.87
9:55------------19.70
10:08-----------20.87
10:16-----------18.92-----------2531.64

The PSEi consolidates its gains above the 2530 level until the end of the trading session.

10:22-----------21.63
10:37-----------24.13
10:44-----------26.17
10:58-----------23.06
11:01-----------28.08-----------2540.00
11:03-----------25.94
11:37-----------30.90-----------2543.62 (the day's high)
11:40-----------28.71
11:48-----------26.32
11:51-----------23.83
11:59-----------24.94
12:01-----------28.09-----------2540.81 (+1.12%)
Market Close.

Value turnover: PhP 1.748 bn
Cross transactions: PhP 700 mn

Advancers 47
Decliners 33
Unchanged 48

Sectoral Indices.
Proeprty +1.37%
Services +1.34%
Financial +1.27%
Holdings +0.71%
M-O +0.66%
Industrial -0.01%

The Day's Top Gainers:
PA: PhP 0.115; +9.52%
SPC: PhP 2.30; +9.52%
AGI: PhP 3.15; +8.62%

The Day's Biggest Decliners:
CA: PhP 50.00; -31.51%
ATN: PhP 5.00; -13.79%
WIN: 0.17; -12.82%

At mid-day:
Asian markets were mixed.
The Philippine Peso was at PhP 44.023 vs US$ 1.00.