Saturday, August 30, 2008

Trading in WallStreet - August 29, 2008

Dow Jones Industrial Average(DJIA) Summary
Index Value: 11,543.55
Trade Time: August 29
Change: Down 171.63 (-1.47%)
Prev Close: 11,715.18
Open: 11,713.23
Day's Range: 11,543.39 - 11,713.23

The Philippine Stock Market - August 29, 2008

The US equities market advanced more than 200 points overnight.
The Bangko ng Sentral ng Pilipinas (BSP) as expected raised interest rates by 25 basis points (bps)to keep inflation at bay (Inflation was at a 17-month high of 12.2% last July). This brought the key overnight borrowing rate to 6.00% and key overnight lending rate to 8.00%.

The local equities market seems to have found a support at the 2611-2630 levels the past days. The Philippine Stock Exchange Index (PSEi) opened higher and continued its advance to test the 2700 level.

PSEi previous close - 2655.75 (August 28)

time------------up--------------PSEi
9:31-----------5.50------------2661.25
9:41----------30.89-----------2686.64

After this initial surge, the market consolidates and keeps its gains until the end of the session.

9:46----------35.83
10:00---------37.87
10:07---------32.63
10:21---------34.30
10:36---------35.56
10:42---------37.46
10:50---------34.23
10:58---------35.49
11:05---------40.41-------------2696.16

The PSEi approaches the 2700 level.

11:14---------39.29
11:24---------38.33
11:28---------37.16
11:32---------34.36
11:39---------31.75------------2687.50

11:43---------35.11
11:49---------39.85
11:54---------40.07
11:56---------42.44------------2698.19 (day's high)
11:59---------34.96
12:01---------32.34------------2688.09 (+1.22%)
Market Close.

Value turnover: PhP 2.564 bn
Cross transactions: PhP 1.153 bn

Advancers 69
Decliners 29
Unchanged 51

Sectoral Indices.
Holdings +3.33%
Property +1.47%
Services +1.35%
Financial +1.17%
M-O +1.07%
Industrial +0.72%

The Day's Top Gainers:
FEU: PhP 1,290.00; +28.36%
AGI: PhP 4.65; +22.37%
CDC: PhP 2.00; +17.65%

The Day's Biggest Decliners:
SEVN: PhP 2.00; -33.33%
SGI: PhP 0.50; -9.09%
JTH: PhP 2.30; -8.00%

At mid-day:
Asian equities markets were mostly up.
The Philippine Peso was at PhP 45.834 vs US$ 1.00.

Thursday, August 28, 2008

The Philippine Stock Market - August 28, 2008

Dow Jones Industrial Average(DJIA) Summary
Index Value: 11,502.51
Trade Time: August 27
Change: Up 89.64 (+0.79%)
Prev Close: 11,412.87
Open: 11,412.46
Day's Range: 11,381.77 - 11,554.46



PSEi previous close - 2646.70 (August 27)

time--------------up-----------------PSEi
9:31-------------1.12---------------2647.82
9:42-------------5.56
9:47------------11.25
9:59------------12.70
10:02-----------13.03
10:07-----------14.55
10:09-----------15.71
10:12-----------19.94
10:13-----------21.41--------------2668.11 (high)

10:26-----------19.28
10:30-----------13.30
10:36-----------13.11
10:43-----------11.12
10:52-----------10.55

10:57-----------13.61
11:02-----------14.82
11:18-----------17.70

11:28-----------16.17
11:35-----------14.10
11:41-----------13.84
11:46-----------12.83
11:50-----------12.06
11:54-----------11.80
11:59------------9.95
12:01------------9.05--------------2655.75 (+0.34%)
Market Close.

Advancers 49
Decliners 40
Unchnaged 57

The Philippine Economy slows down growth in the 2nd Quarter to 4.6%.

Sectoral Indices.
Financial +0.92%
Industrial +0.65%
Holdings +0.33%
M-O +0.28%
Property +0.18%
Services -0.05%

The Day's Top Gainers:
PO: PhP 3.30; +48.65%
APR: PhP 2.50; +8.70%
CYBR: PhP 0.29; +7.41%

The Day's Biggest Decliners:
UNI: PhP 0.12; -22.58%
CEU: PhP 6.00; -14.29%
POPI: PhP 0.28; -12.50%

At mid-day:
Asian equities markets were mixed.
The Philippine Peso was at PhP 45.706 vs US$ 1.00.

The Philippine Stock Market - August 27, 2008

PSEi previous close - 2637.65 (August 26)

time------------change---------------PSEi
9:31-----------up 0.86--------------2638.51
9:56---------down 2.71
10:05-------------4.65
10:10-------------4.82--------------2632.83 (low)
10:40----------up 2.46
10:45-------------5.09
10:48-------------6.27
10:58-------------7.57
11:06-------------8.48
11:08-------------4.25
11:21-------------8.58
11:25-------------9.27
11:44------------11.13
11:55------------12.75-------------2650.40 (high)
11:57-------------8.52
12:01-------------9.05-------------2646.70 (+0.34%)
Market Close.

Value turnover: PhP 1.384 bn
Cross transactions: PhP 577 mn

Advancers 48
Decliners 34
Unchanged 55

Sectoral Indices.
Holdings +1.79%
Financial +0.62%
Industrial +0.14%
Services +0.07%
M-O +0.04%
Property -0.06%

The Day's Top Gainers:
CDC: PhP 1.80; +12.50%
ATS: PhP 1.18; +9.26%
OM: PhP 0.012; +9.09%

The Day's Biggest Decliners:
UW: PhP 0.12; -17.24%
MFIN: PhP 2.50; -16.67%
JTH: PhP 2.50; -15.25%

At mid-day:
Asian equities markets were mixed.
The Philippine Peso was at PhP 45.903 vs US$ 1.00.

Tuesday, August 26, 2008

The Philippine Stock Market - August 26, 2008

Dow Jones Industrial Average(DJIA) Summary
Index Value: 11,386.25
Trade Time: August 25
Change: Down 241.81 (-2.08%)
Prev Close: 11,628.06
Open: 11,626.19
Day's Range: 11362.63 - 11626.27

WallStreet is still under extreme volatility. After advancing nearly 200 points on Friday; it fell almost 250 points last night.
The local equities market meanwhile continued to drift lower. The Philippine Stock Exchange Index (PSEi) moved in a narrow range of just around 20 points in negative territory.

PSEi previous close - 2653.18 (August 22)

time-------------down-------------PSEi
9:31-------------9.54------------2643.64
9:32------------12.07
9:33------------13.71
9:35------------15.80
9:37------------16.94
9:42------------17.53
9:44------------18.16-----------2635.02

9:50------------13.81
9:55------------14.92
10:07-----------15.26
10:13-----------16.59
10:18-----------13.65
10:36-----------14.81
10:39-----------12.69
10:52-----------13.91
11:13-----------15.41
11:14-----------17.44
11:28-----------19.49
11:43-----------20.49-----------2632.69 (day's low)

11:55-----------12.69
11:57------------9.69
11:58-----------16.36
12:01-----------15.53-----------2637.65 (-0.59%)
Market Close.

Value turnover: PhP 1.437 bn
Cross transactions: PhP 729 mn

Advancers 36
Decliners 68
Unchanged 36

Sectoral Indices were down across-the-board.
Financial -1.13%
Holdings -0.85%
M-O -0.75%
Property -0.55%
Industrial -0.085%
Services -0.042%

The Day's Top Gainers:
UNI: PhP 0.155; +29.51%
PAL: PhP 3.80; +11.76%
AAA: PhP 0.20; +11.11%

The Day's Biggest Decliners:
PO: PhP 2.22; -30.62%
FEU: PhP 1,005.00; -22.69%
ION: PhP 0.80; -15.79%

At mid-day:
Asian equities markets were down
The Philippine Peso was at PhP 45.910 vs US$ 1.00.

Sunday, August 24, 2008

Trading in WallStreet - August 22, 2008

Dow Jones Industrial Average(DJIA) Summary
Index Value: 11,628.06
Trade Time: August 22
Change: Up 197.85 (+1.73%)
Prev Close: 11,430.21
Open: 11,426.79
Day's Range: 11426.79 - 11632.13

WallStreet ends up by almost 200 points and closed near its high.
World Crude prices settles near $115 a barrel after touching the $120 level earlier.

The Philippine Stock Market - August 22, 2008

The local equities market opens and trades lower. The Philippine Stock Exchange Index (PSEi) tries to close the 2611-2656 chart gap.

PSEi previous close - 2656.92 (August 21)

time------------down------------PSEi
9:31------------1.77-----------2655.15
9:36------------4.60
9:37------------7.55
9:48------------6.00
9:57-----------10.20
10:00----------18.03
10:15----------18.90
10:30----------19.03
10:33----------21.91
10:43----------22.31-----------2634.61 (day's low)

11:00----------11.45
11:21----------13.17
11:28----------16.94
11:36----------17.56
11:46----------18.56

11:53----------10.19
11:55-----------9.86
12:01-----------3.74------------2653.18 (-0.14%)
Market Close.

Value turnover: 1.281 bn
Cross transactions: PhP 707 mn

The market ends flat with low volumes ahead of another long weekend. The PSEi only manages to partially close the chart gap. It recovers to limit its losses for the day.

Advancers: 37
Decliners 40
Unchanged 58

Sectoral Indices.
Services -0.52%
Financial -0.30%
Property +0.11%
Holdings +0.26%
Industrial +0.29%
M-O +0.69%

The Day's Top Gainers:
UW: PhP 0.145; +31.82%
SGI: PhP 0.52; +10.64%
APM: PhP 0.014; +7.69%

The Day's Biggest Decliners:
BLFI: PhP 1.44; -23.40%
DIZ: PhP 3.10; -13.89%
TDY: PhP 3.10; -11.43%

At mid-day:
Asian equities markets were mixed.
The Philippine Peso was at PhP 45.582 vs US$ 1.00.

The Philippine Stock Market - August 21, 2008

PSEi previous close - 2681.66 (August 20)

time----------change------------PSEi
9:31---------up 2.43----------2684.09
9:33------------0.42
9:34------down 1.01

9:38---------up 3.28
9:45------------5.70
9:46------------6.30
9:51------------6.62----------2688.28 (day's high)
10:06-----------2.19
10:15-----------3.82
10:29-----down 3.31

The market again dips into negative territory and stays in the RED.

10:44-----down 5.15
10:47----------6.22
10:52---------10.02
11:00----------5.70

The market drop accelerates and continues in the last hour of trading and the PSEi closes at its low.

11:08----------8.00
11:12---------13.36
11:15---------15.84
11:17---------16.17
11:18---------17.40
11:29---------19.23
11:55---------20.58
11:58---------21.78
11:59---------22.37
12:01---------24.74-----------2656.92 (-0.92%)
Market Close.

Value turnover: PhP 1.380 bn
Cross transactions: PhP 478 mn

All sectors were down and the market again tests the upper range of the support levels at the 2611-2656 chart gap.

Sectoral Indices.
Industrial -1.49%
Holdings -1.38%
Financial -1.25%
M-O -1.00%
Services -0.41%
Property -0.35%

The Day's Top Gainers:
ICTV: PhP 1.70; +49.12%
SVN: PhP 0.36; +5.88%
ABA: PhP 0.0090; +5.88%

The Day's Biggest Decliners:
UW: PhP 0.11; -26.67%
UPM: PhP 0.012; -20.00%
CRC: PhP 5.50; -15.38%

At mid-day:
Asian equities markets were mostly down.
The Philippine Peso was at PhP 45.630 vs US$ 1.00.

Wednesday, August 20, 2008

The Philippine Stock Market - August 20, 2008

Dow Jones Industrial Average (DJIA) Summary
Index Value: 11,348.55
Trade Time: August 19
Change: Down 130.84 (-1.14%)
Prev Close: 11,479.39
Open: 11,478.09
Day's Range: 11,318.50 - 11,478.17

WallStreet again traded lower and it closed near it's day's low. Renewed credit worries and mortgage market fears dragged down the US equities market. The DJIA lost more than 100 points anew.

The local equities market also opened lower and traded in negative territory. The Philippine Stock Exchange Index (PSEi) however managed to limit its losses.

PSEi previous close - 2691.20 (August 19)

time---------down------------PSEi
9:31---------14.68----------2676.52
9:32---------29.81
9:33---------31.70

PLDT (TEL) was at PhP 2660 from a previous close of PhP 2715.

9:35---------32.95----------2658.25 (day's low)

The market tests the upper limit of the support at the 2611-2656 chart gap.

9:36--------28.23
9:37--------30.21
9:48--------20.95

PLDT was back up to PhP 2690.

9:52--------17.53
10:12-------14.98
10:25-------16.53
10:37-------16.97
10:51-------18.57
11:00-------16.37
11:11-------21.73
11:21-------22.17
11:23-------14.64

The market moves in a narrow range in the last half hour of the trading session.

11:27-------14.45
11:37-------15.15
11:47-------14.15
11:49-------11.94
11:53-------17.69
11:56-------11.86
11:57-------16.45
12:01--------9.54------------2681.66 (-0.35%)
Market Close.

Advancers 37
Decliners 57
Unchanged 46

Sectoral Indices.
Holdings -1.05%
Services -0.63%
Property -0.001%
Financial +0.08%
Industrial +0.46%
M-O +1.57%

The Day's Top Gainers:
UPM: PhP 0.015; +50.00%
I: PhP 4.10; +12.33%
VITA: PhP 0.32; +10.34%

The Day's Biggest Decliners:
ICTV: PhP 1.14; -40.00%
OMW2: PhP 0.0055; -15.38%
FAF: PhP 0.52; -13.33%

At mid-day:
Asian equities markets were mostly down.
The Philippine Peso was at PhP 45.619.

Tuesday, August 19, 2008

The Philippine Stock Market - August 19, 2008

Dow Jones Industrial Average (DJIA) Summary
Index Value: 11,479.39
Trade Time: August 18
Change: Down 180.51 (-1.55%)
Prev Close: 11,659.90
Open: 11,659.65
Day's Range: 11,434.12 - 11,690.43

With another big drop in WallStreet; the local equities market together with the other asian equities markets were down. The Philippine Stock Exchange Index (PSEi) broke below the 2700 level.

PSEi previous close - 2725.15 (August 15)

time------------down-----------PSEi
9:31------------10.30---------2714.85
9:32------------14.42
9:34------------17.34
9:36------------23.39
9:43------------25.15---------2700.00

The 2700 level is tested.

9:58------------26.35---------2698.20

The market breaks below the 2700 level and the drop accelerates. PLDT (TEL) is at 2720 from a previous close of PhP 2745. Today is the ex-date of its PhP 70 cash dividend.

9:59------------27.78---------2697.37

PLDT at PhP 2715.

10:00-----------29.78
10:02-----------33.20
10:10-----------34.41
10:14-----------34.83
10:21-----------37.75
10:30-----------38.86
10:31-----------39.17
10:36-----------41.17
10:42-----------42.43
10:52-----------42.72
10:56-----------44.71---------2680.44 (day's low)
11:19-----------36.31
11:26-----------34.84
11:36-----------44.71---------2680.44
11:43-----------32.11---------2693.04
11:51-----------37.00
11:59-----------42.26
12:01-----------33.95---------2691.20 (-1.25%)
Market Close.

Value turnover: PhP 2.285 bn
Cross transactions: PhP 1.043 bn

The support is seen at the 2611-2656 chart gap left open last August 5-6.

Advancers 19
Decliners 68
Unchanged 52

Sectoral Indices.
Holdings -2.74%
Industrial -1.43%
Services -1.23%
Financial -1.16%
Property -0.16%
M-O +0.08%

The Day's Top Gainers:
TDY: PhP 3.50; +14.75%
CRC: PhP 6.50; +14.04%
MHC: PhP 0.26; +13.04%

The Day's Biggest Decliners:
BCB: PhP 1525; -33.70%
UNI: PhP 0.12; -14.29%
MA: PhP 0.014; -12.50%

At mid-day:
Asian equities markets were down.
The Philippine Peso was at PhP 45.417 vs US$ 1.00.

Saturday, August 16, 2008

Trading in WallStreet - August 15, 2008

Dow Jones Industrial Average (DJIA) Summary
Index Value: 11,659.90
Trade Time: August 15
Change: Up 43.97 (+0.38%)
Prev Close: 11,615.93
Open: 11,611.21
Day's Range: 11599.73 - 11709.89

Friday, August 15, 2008

The Philippine Stock Market - August 15, 2008

Dow Jones Industrial Average (DJIA) Summary
Index Value: 11,615.93
Trade Time: August 14
Change: Up 82.97 (+0.72%)
Prev Close: 11,532.96
Open: 11,532.07
Day's Range: 11450.89 - 11718.28

Wallstreet traded within a wide 250 point range underscoring the ongoing volatility in the US equities market. The DJIA opened lower and went below 11,500 but steadily advanced to breach 11700. It ended higher with moderate gains.
World Crude Prices neared the $113 a barrel level; Gold prices fell below $800 an ounce and the US dollar strengthened and had its longest winning streak against the Euro in 2 years.

The local equities market was flat ahead of the long weekend. From the PSE Memorandum 2008-0832: ..."there will be no trading on August 18 (Monday) in Observance of Ninoy Aquino Day and August 25, 2008 (Monday) in celebration of National Heroes Day, per Proclamation No. 1463 issued on February 18,2008. "
The Philippine Stock Exchange Index (PSEi)just drifted sideways during the day's session.

PSEi previous close - 2727.28
open - 2732.78
high - 2737.11 (+9.83)
low - 2720.51 (-6.77)
close - 2725.15 (-2.13 or -0.08%)

Value turnover: PhP 2.587 bn
Cross transactions: PhP 1.166 bn

Advancers 34
Decliners 54
Unchanged 51

Sectoral Indices.
M-O -1.80%
Property -1.44%
Services -0.68%
Industrial +0.20%
Financial +0.65%
Holdings +0.72%

The Day' s Top Gainers:
FEU: PhP 1300; +30.00%
ATNB: PhP 0.45; +9.47%
I: PhP 3.75; +8.70%

The Day's Biggest Decliners:
REG: PhP 1.20; -25.00%
APXB: PhP 3.40; -13.92%
MVC: PhP 0.58; -12.12%

At mid-day:
Asian equities markets were mostly down.
The Philippine Peso was at PhP 45.221 vs US$ 1.00.

Thursday, August 14, 2008

The Philippine Stock Market - August 14, 2008

Dow Jones Industrial Average (DJIA) Summary
Index Value: 11,532.96
Trade Time: August 13
Change: Down 109.51 (-0.94%)
Prev Close: 11,642.47
Open: 11,632.81
Day's Range: 11453.34 - 11633.78

It was another loss of more than a hundred points for the second straight day in WallStreet.

The local equities market wa able to stay in positive territory throughout the trading session but the breadth of the market was lower. The Philippine Stock Exchange Index (PSEi) was lifted by the big gains in PLDT (TEL) today.

PSEi previous close - 2721.94 (August 13)

time-------------up--------------PSEi
9:31------------8.20-------------2730.17

PLDT opened at PhP 2730 from a previous close of PhP 2680.

9:32------------12.93
9:34------------14.38
9:36------------15.81------------2737.75 (day's high)

PLDT at PhP 2750. The market moves in a narrow range for the rest of the trading day.

9:41-------------9.90
9:44------------11.33

9:52-------------8.74
9:54-------------5.74

9:57-------------7.02
10:07------------7.23
10:20------------9.45

10:28------------8.49
10:35------------9.34

10:48------------6.65
10:52------------4.92

11:05------------5.93
11:08------------8.93
11:11------------9.61
11:22------------9.97

11:24------------6.20
11:38------------5.24
11:41------------4.80

11:46------------9.85
11:55------------7.24
11:59-----------10.67
12:01------------5.34----------2727.28 (+0.20%)
Market Close.

Value turnover: PhP 3.203 bn
Cross transactions: PhP 1.322 bn

Advancers 27
Decliners 65
Unchanged 50

Sectoral Indices.
Services +1.98%
M-O +0.59%
Holdings +0.22%
Financial -0.87%
Property -1.35%
Industrial -2.15%

TEL closed at PhP 2755. It accounted for a gain of 21.48 points in the PSEi. Without it, the market would be in the RED.

The Day's Top Gainers:
MED: PhP 0.49; +19.51%
UPM: PhP 0.0090; +12.50%
APM: PhP 0.014; +7.69%

The Day's Biggest Decliners:
CRC: PhP 5.30; -33.75%
MHC: PhP 0.225; -25.00%
EVER: PhP 0.14; -9.68%

At mid-day:
Asian equities markets were mixed.
The Philippine Peso was at PhP 44.911 vs US$ 1.00.

Wednesday, August 13, 2008

The Philippine Stock Market - August 13, 2008

Dow Jones Industrial Average (DJIA) Summary
Index Value: 11,642.47
Trade Time: August 12
Change: Down 139.88 (-1.19%)
Prev Close: 11,782.35
Open: 11,781.70
Day's Range: 11601.52 - 11782.35

The triple-digit drop in WallStreet was taken as an excuse to extend the correction in the local equities market. The Philippine Stock Exchange Index (PSEi) fell upon the opening bell and tested the 2700 level.

PSEi previous close - 2755.86 (August 12)

time-------------down-----------------PSEi
9:31------------12.28----------------2743.58

The 2750 level was immediately breached and the market dives deeper.

9:32------------29.46
9:34------------30.56
9:35------------32.14
9:36------------35.20
9:37------------43.04
9:43------------44.63
9:55------------45.13
9:56------------46.38
9:57------------47.81----------------2708.05

10:00-----------45.34
10:12-----------44.21

10:14-----------49.06

The market moves sideways for the next hour.

10:17-----------50.22
10:19-----------50.41
10:24-----------50.41----------------2705.45

10:26-----------47.90
10:29-----------49.75
10:33-----------50.96----------------2704.90

10:37-----------46.02
10:42-----------49.01
10:45-----------51.67----------------2704.19

10:50-----------50.08
10:57-----------50.53
11:03-----------49.91
11:06-----------54.75-----------------2701.11 (the day's low)

The chart gap opened last August 8-11 at the 2700.95-2741.97 levels is (almost) filled.

11:07-----------49.31
11:09-----------50.02
11:11-----------47.58
11:13-----------51.99

The market tries to regain some ground in the final 45 minutes of the trading session.

11:18-----------49.63
11:20-----------46.24
11:22-----------45.21
11:23-----------44.03
11:27-----------43.26
11:34-----------40.87
11:37-----------38.03
11:44-----------37.54
11:46-----------36.91
11:48-----------34.68
11:57-----------31.25
11:59-----------30.91----------------2724.95
12:01-----------33.92----------------2721.94 (-1.23%)
Market Close.

Value turnover: PhP 2.204 bn
Cross transactions: phP 892 bn

Advancers 26
Decliners 63
Unchanged 51

Sectoral Indices were down across-the-board.
Holdings -1.47%
M-O -1.34%
Financial -1.24%
Property -1.07%
Services -1.06%
Industrial -0.50%

The Day's Top Gainers:
COL: PhP 6.00; +17.65%
KPM: PhP 2.36; +15.69%
RCM: PhP 2.38; +12.26%

The Day's Biggest Decliners:
ZHI: PhP 0.25; -16.67%
UW: PhP 0.14; -12.50%
FEU: PhP 1,000.00; -9.09%

Asian equities markets were mostly down.
The Philippine Peso was at PhP 44.610 vs US$ 1.00.

Tuesday, August 12, 2008

The Philippine Stock Market - August 12, 2008

Dow Jones Industrial Average (DJIA) Summary
Index Value: 11,782.35
Trade Time: August 11
Change: Up 48.03 (+0.41%)
Prev Close: 11,734.32
Open: 11,729.67
Day's Range: 11675.53 - 11867.11

WallStreet opened lower but a mid-session rally had it advance more than 130 points at one point. A late sell-off however pared down its gains.

The local equities opened higher but soon fell retreated as profit taking set in. The Philippine Stock Exchange Index (PSEi) corrected after advancing 6.37% (from 2602 up to 2768) the past four trading days (since August 05).

PSEi previous close - 2768.52 (August 11)

time-------------change---------------PSEi
9:31-------------up 7.12------------2775.64 (day's high)
9:32----------------2.90
9:35----------------5.30
9:37----------------6.32
9:44---------down 0.61
9:48----------------4.22
9:51-------------up 0.47
9:55----------------3.41
9:58----------------3.22
10:05---------------0.29
10:07--------down 2.13
10:08------------up 0.14
10:12----------------1.73
10:13----------------2.27
10:17----------------3.35
10:21----------------0.35
10:29--------down 2.57

After a relatively directionless trading in the first hour; the PSEi moves into negative territory.

10:37---------down 1.14
10:42---------------1.14
10:50---------------1.93
10:55---------------0.21
11:03---------------7.14
11:05---------------4.35
11:09---------------5.73
11:17---------------7.41
11:18--------------12.85
11:20--------------10.46
11;26--------------11.52
11:31--------------10.90
11:32---------------8.80
11:35--------------11.54
11:38--------------14.61
11:39--------------16.05
11:41--------------14.78
11;43--------------15.84
11;45--------------17.16
11:49--------------18.19------------2750.33

The 2750 level was tested.

11:50--------------20.83------------2747.69 (day's low)
11:53--------------19.70
11:55--------------16.05
11:56--------------15.36
11:57--------------17.32
11:58--------------16.98
11:59--------------19.14
12:01--------------12.66-------------2755.86 (-0.46%)
Market Close.

Value turnover: PhP 2.925 bn
Cross transactions: PhP 1.215 bn

Advancers 29
Decliners 83
Cross transactions: 39

Sectoral Indices.
Property -2.04%
Holdings -2.03%
M-O -1.64%
Financial -0.28%
Services -0.23%
Industrial +0.45%

The Day's Top Gainers:
POPI: PhP 0.34; +17.24%
MFIN: PhP 3.00; +15.38%
PRMX: PhP 3.90; +8.33%

The Day's Biggest Decliners:
IRCB: PhP 0.80; -15.79%
IRC: PhP 0.80; -11.11%
ABA: PhP 0.0090; -10.00%

At mid-day: Asian markets were mostly down.
The Philippine Peso was at PhP 44.566 vs US$ 1.00.

Monday, August 11, 2008

The Philippine Stock Market - August 11, 2008

With the 300 point advance in WallStreet last Friday; the local equities market opened strong and never looked back. The Philippine Stock Exchange Index (PSEi)advanced by nearly 3% for the day.

PSEi previous close - 2692.81 (August 08)

time------------up-----------------PSEi
9:32-----------49.16--------------2741.97

A chart gap is opened at 2700-2741.

9:34-----------51.66
9:36-----------58.31
9:39-----------60.75--------------2753.56
9:43-----------57.81--------------2750.62

The 2750 level was broken and held as an immediate support.

9:47-----------64.21
9:55-----------68.65
9:57-----------73.78
10:07----------74.87
10:18----------78.64
10:30----------80.29
10:44----------81.06
10:49----------82.07
10:50----------83.58
10:51----------84.18
10:55----------85.32---------------2778.13 (the day's high)

The market consolidates its gains for the rest of the session.

10:59----------77.90
11:01----------83.05
11:04----------83.09
11:07----------82.73
11:24----------82.66
11:33----------80.05
11:47----------83.02
11:54----------80.40
11:58----------76.90
12:01----------75.71---------------2768.52 (+2.81%)
Market Close.

Value turnover: PhP 3.073 bn
Cross transactions: PhP 1.047 bn

Advancers 83
Decliners 34
Unchanged 46

Sectoral Indices.
Services +3.36%
Property +2.94%
Financial +2.62%
Holdings +2.09%
Industrial +1.97%
M-O +0.38%

The Day's Top Gainers:
EVER: PhP 0.165; +13.79%
ICTV: PhP 1.90; +13.10%
I: PhP 3.30; +11.86%

The Day's Biggest Decliners:
MFIN: PhP 2.60; -38.10%
CRC: PhP 8.00; -23.81%
ATRK: PhP 4.30; -18.87%

At mid-day:
Asian equities markets were mostly up.
The Philippine Peso was at PhP 44.444 vs US$ 1.00.

Saturday, August 9, 2008

Trading in WallStreet - August 08, 2008

Dow Jones Industrial Average (DJIA) Summary
Index Value: 11,734.32
Trade Time: August 08
Change: Up 302.89 (+2.65%)
Prev Close: 11,431.43
Open: 11,432.09
Day's Range: 11388.04 - 11759.96

WallStreet finished the week with another huge reversal. After dropping more than 200 points and closing near it low the previous day; the DJIA advanced more than 300 points and ended near its high. The big decline in World Oil prices (more tha $4) to near the $115 a barrel level had investors hoping for further drops in order to restrain inflation and boost prospect for profit growth.

Friday, August 8, 2008

The Philippine Stock Market - August 08, 2008

Dow Jones Industrial Average (DJIA) Summary
Index Value: 11,431.43
Trade Time: August 7
Change: Down 224.64 (-1.93%)
Prev Close: 11,656.07
Open: 11,655.42
Day's Range: 11416.70 - 11655.58

WallStreet opened lower and traded on the downside the whole session. A late sell-off however had the DJIA end near its low. US equities markets remain volatile.

The local equities market also opened lower because of the big drop in WallStreet. However the Philippine Stock Exchange Index (PSEi) was able to recover and even closed higher near the 2700 level. This is the fourth time in around 2-3 weeks that losses of more than 200 points in the DJIA were shrugged off by the Philippine Stock market.

PSEi previous close - 2684.64 (August 07)

time-------------change--------------PSEi
9:31-------down 6.16--------------2678.48
9:32------------14.72
9:34------------15.38
9:37------------16.86
9:38------------18.51--------------2666.13 (day's low)

The Chart gap at the 2611-2656 levels opened last August 5-6 remains unfilled.
Selling pressure immediately eased up as select secondliners remain active.

9:39------down 9.89
9:49------------6.99
9:53------------2.03
9:55------------0.87
9:58------------1.97
10:00-----------3.28
10:01-----------4.05
10:05--------up 0.25

The PSEi moves into positive territory.

10:11----down 0.53
10:11-------up 1.45
10:19----------1.14
10:22----------1.92

After some consolidation; the market keeps its gains for the rest of the trading session. It just hovers near the 2700 level.

10:27-------up 2.91
10:28----------3.34
10:36----------4.92
10:40----------6.06
10:42----------6.55
10:44----------7.14
10:47----------5.71
10:51----------7.55
10:56----------4.01
11:00----------3.88
11:01----------9.97
11:02---------12.18
11:03---------13.79
11;04---------15.89----------------2700.53
11:07---------14.56
11:08---------13.34
11:09---------15.65
11:13---------16.02
11:15---------16.31----------------2700.95 (day's high)
11;17----------9.38
11;26----------9.81
11:43----------7.70----------------2692.34
11:50----------8.37
11:56---------12.36
12:01----------8.17----------------2692.81 (+0.31%)
Market Close.

Value turnover: PhP 2.585 bn
Cross transactions: PhP 1.042 bn

The resistance is now at 2700-2720 with a likely target at 2800. The support is seen at 2610-2650 (the chart gap left open).

Advancers 61
Decliners 42
Unchanged 45

Sectoral Indices.
M-O +1.02%
Services +0.71%
Industrial +0.33%
Holdings 0.00
Property -0.53%
Financial -0.56%

The Day's Top Gainers:
CRC: PhP 10.50; +40.00%
SFI: PhP 0.25; +13.64%
SPM: PhP 1.20; +13.21%

The Day's Biggest Decliners:
KPH: PhP 1.50; -11.76%
PHES: PhP 0.20; -11.11%
OM: PhP 0.011; -8.33%

At mid-day:
Asian markets were mixed.
The Philippine Peso was at PhP 44.29 vs US$ 1.00.

Thursday, August 7, 2008

The Philippine Stock Market - August 07, 2008

Dow Jones Industrial Average (DJIA) Summary
Index Value: 11,656.07
Trade Time: August 6
Change: Up 40.30 (+0.35%)
Prev Close: 11,615.77
Open: 11,603.64
Day's Range: 11521.32 - 11685.46

WallStreet opened lower and tested the 11500 level as a support. A rally by midsession brought the DJIA higher and it ended with moderate gains.

The local equities market took a breather after yesterday's big surge. The Philippine Stock Exchange Index (PSEi) just traded in a narrow range near the 2700 level and had no clear direction to go today. It however closed near its low.

PSEi previous close - 2697.21 (August 06)

time------------change-------------PSEi
9:31-----------up 4.10------------2701.31
9:32--------------0.15

The market goes in the RED.

9:33--------down 0.31
9:34--------------4.59
9:35--------------5.82
9:36--------------6.48
9:40--------------9.18
9:45-------------10.27
9:51--------------7.28
10:02-------------3.82
10:05-------------1.70
10:06-------------0.48

The PSEi struggles to go back in positive territory

10:10----------up 1.86
10:11-------------4.16
10:17-------down 0.21
10:21----------up 0.06
10:30-------down 2.36
10:34----------up 5.39

The market manages to hold on to its gains for around the next hour.

10:48----------up 9.12
10:49-------------9.25
10:53-------------9.90-----------2701.11(the day's high)
10:56-------------5.44
10:58-------------3.75
11:09-------------7.47
11:19-------------6.33
11:23-------------3.82
11:25-------------0.01
11:26-------down 0.96

The markets dips lower again, and with just around a half hour remaining in the trading session, profit taking (and a mild selldown) sets in specially in the active secondliner stocks.

11:27-------down 1.37
11:29-------------1.72
11:32-------------2.31
11:35-------------3.03
11:38-------------1.60
11:42-------------4.04
11:46-------------5.22
11:50-------------7.62
11:51-------------8.73
11:54------------12.10
11:56------------12.59
11:59------------14.59---------2682.62 (the day's low)
12:01------------12.57---------2684.64 (-0.47%)
Market Close.

Value turnover: PhP 2.846 bn
Cross transactions: PhP 1.007 bn

Advancers 54
Decliners 48
Unchanged 55

Sectoral Indices.
M-O +0.78%
Financial +0.71%
Services -0.02%
Holdings -0.36%
Industrial -0.89%
Property -1.64%

The Day's Top Gainers:
CRC: PhP 7.50; +50.00%
ATRK: PhP 5.30; +35.90%
BPC: PhP 1.54; +14.93%

The Day's Biggest Decliners:
AR: PhP 0.0070; -6.67%
LSC: PhP 1.12; -6.67%
FAF: PhP 0.60; -4.76%

At mid-day:
Asian equities markets were mostly down.
The Philippine Peso was at phP 43.870 vs US$ 1.00.

Wednesday, August 6, 2008

Dow Jones Industrial Average (DJIA) Summary
Index Value: 11,615.77
Trade Time: August 5
Change: Up 331.62 (+2.94%)
Prev Close: 11,284.15
Open: 11,286.02
Day's Range: 11286.02 - 11615.93

WallStreet had a huge rally as the Fed keeps rates unchanged and hints that it is not likely to increase in the near term. The DJIA opened higher and continued its steady advance to close near its high. The Fed also sees that US Inflation will ease.
World Crude prices drop further and was below $120 a barrel. It has fallen around $28 a barrel since July 11.

The local equities market surged on back of the huge advance in the DJIA. The Philippine Stock Exchange Index (PSEi) opened higher and steadily advanced in the first hour of trading. It then consolidated its gains for the rest of the session and also closed near its high.

PSEi previous close - 2602.38

time--------------up--------------PSEi
9:31-------------53.78-----------2656.16
9:32-------------56.77
9:35-------------59.11
9:37-------------61.47
9:40-------------62.27
9:43-------------67.19
9:45-------------70.92
9:46-------------73.64
9:47-------------76.02
9:54-------------77.68
10:02------------78.00
10:04------------79.17
10:08------------83.78
10:12------------83.97
10:14------------85.68
10:20------------86.11
10:21------------87.88
10:23------------90.86------------2693.24

The market moves in a narrow range just below the 2700 level in the last hour and a half of trading.

10:29------------85.33
10:35------------81.49------------2683.87
10:45------------84.34
10:52------------85.99
10:54------------89.17
10:59------------90.66
11:02------------93.88------------2696.26
11:07------------86.44
11:10------------88.17
11:13------------86.02
11:31------------87.51
11:45------------92.18
11:49------------91.65
11:51------------92.02
11:54------------93.29
11:58------------96.38------------2698.76 (day's high)
11:59------------90.36
12:01------------94.83------------2697.21 (+3.64%)
Market Close.

Value turnover: PhP 3.667 bn
Cross transactions: PhP 1.215 bn
Block Sales: 500,000 BPI @ PhP 41.50 = PhP 20.75 mn
--------------50,000 TEL @ 2525.00 = PhP 126.25 mn

Advancers 107
Decliners 21
Unchanged 39

Sectoral Indices:
Property +6.08%
Holdings +3.98%
Financial +3.00%
Services +2.49%
Industrial +2.24%
M-O +1.29%

The Day's Top Gainers:
OMW2: PhP 0.0070; +52.17%
OM: PhP 0.012; +33.33%
SHNG: PhP 1.76; +29.41%

The Day's Biggest Decliners:
ARA: PhP 0.35; -25.53%
SGI: PhP 0.47; -20.34%
PWR: PhP 0.20; -13.04%

At mid-day:
Asian markets were up.
The Philippine Peso strengthened to PhP 43.857 vs US$ 1.00.

Tuesday, August 5, 2008

The Philippine Stock Market - August 05, 2008

Dow Jones Industrial Average (DJIA) Summary
Index Value: 11,284.15
Trade Time: August 4
Change: Down 42.17 (-0.37%)
Prev Close: 11,326.32
Open: 11,326.32
Day's Range: 11221.53 - 11382.17

WallStreet started weak and went lower to test the 11200-11220 level. It recovered by midday and was even up by more than 50 points to go near the 11400 level. It however gave back its gains in late trading and ended in negative territory.
World Oil Prices falls to a three month low at around $120 a barrel.
The US Fed is widely expected to maintain rates unchanged at 2.00%. Unemployment is at its highest in 4 years.

Today, the local equities market continues to consolidate near the 2600 level. It again moved in a narrow trading range. Despite data coming out that inflation for July rose to 12.2%; which is a 16-year high; the Philippine Stock Exchange Index (PSEi) managed to eke out marginal gains.

PSEi previous close - 2599.99
open - 2595.94
low - 2591.82 (-8.17)
high - 2611.38 (+11.39)
close - 2602.28 (+2.39 or +0.09%)

Value turnover: PhP 2.579 bn
Cross transactions: PhP 1.240 bn

Advancers 60
Decliners 38
Unchanged 55

Sectoral Indices were mixed.
Holdings +1.50%
Property +1.11%
Services +0.15%
Financial -0.18%
M-O -0.27%
Holdings -1.02%

The Day's Top Gainers:
RCM: PhP 2.02; +12.22%
ARA: PhP 0.47; +11.90%
CEI: PhP 0.080; +10.34%

The Day's Biggest Decliners:
UW: PhP 0.13; -13.33%
SPM: PhP 1.06; -11.67%
MB: PhP 0.51; -8.93%

At mid-day:
Asian markets were mostly down.
The Philippine Peso was at PhP 44.202 vs US$ 1.00.

Monday, August 4, 2008

The Philippine Stock Market - August 04, 2008

The local equities market showed anew its resiliency as it consolidated with an upward just below the 2600 level, even as asian markets were lower. The Philippine Stock Exchange Index (PSEi) moved within a narrow range and closed near its high.

PSEi previous close - 2584.21 (August 01)

open - 2584.25
low - 2583.66 (-0.55)
high - 2600.41 (+16.20)
close - 2599.99 (+15.78 or +0.61%)

Value turnover: PhP 1.117 bn
Cross transactions: PhP 455 mn

Advancers 47
Decliners 36
Unchanged 53

Sectoral Indices.
Holdings +1.64%
Property +1.45%
Services +1.22%
M-O +0.17%
Financial -0.08%
Industrial -1.18%

The Day's Top Gainers:
ILI: PhP 0.90; +12.50%
WEB: PhP 0.039; +11.43%
AGI: PhP 3.70; +10.45%

The Day's Biggest Decliners:
GSM: PhP 18.50; -21.28%
BCB: PhP 22.00; -8.33%
EVER: PhP 0.135; -6.90%

At mid-day:
Asian markets were in the RED.
The Philippine Peso was at PhP 44.418 vs US$ 1.00.

Saturday, August 2, 2008

Trading in WallStreet - August 01, 2008

Dow Jones Industrial Average (DJIA) Summary
Index Value: 11,326.32
Trade Time: Aug 1
Change: Down 51.70 (-0.45%)
Prev Close: 11,378.02
Open: 11,379.89
Day's Range: 11267.05 - 11425.73

Friday, August 1, 2008

The Philippine Stock Market - August 1, 2008

Dow Jones Industrial Average (DJIA) Summary
Index Value: 11,378.02
Trade Time: July 31
Change: Down 205.67 (-1.78%)
Prev Close: 11,583.69
Open: 11,577.99
Day's Range: 11363.69 - 11578.89

The DJIA gave back most of its gains the previous day as it succumbed to a late selldown. It also closed near the day's low. WallStreet still suffers from extreme volatility.

The local equities market also opened lower because of the drop in the US equities market and the momentum from its slide late yesterday. It however found a support level at the 2560 level within the first half hour of trading and limited its decline. The Philippine Stock Exchange Index (PSEi) then slowly got back its losses and by the final hour of trading; it was already in positive territory. It ended near the day's high.

PSEi previous close - 2577.10 (July 31)
open - 2568.75
low - 2560.82 (-16.28)
high - 2586.55 (+9.45)
close - 2584.21 (+7.11 or +0.27%)

Value turnover: PhP 1.694 bn
Cross transactions: PhP 494 mn

Advancers 57
Decliners 35
Unchanged 51

The local equities market has shown its resiliency the past week as it muted its declines even if the DJIA suffered losses of more than 200 points. We hope that it has already decoupled itself from the volatility in WallStreet and that it would try to build a strong base of its own at the 2500-2600 level.

Sectoral Indices.
Property +1.53%
Financial +0.70%
M-O +0.68%
Industrial +0.26%
Holdings -0.41%
Services -0.32%

The Day's Top Gainers:
BLFI: PhP 1.98; +48.48%
NI: PhP 11.00; +17.02%
CEU: PhP 7.00; +16.67%

The Day's Biggest Decliners:
OMW2: PhP 0.0046; -16.36%
ETON: PhP 2.02; -8.18%
AR: PhP 0.0075; -6.25%

At mid-day:
Asian markets were down.
The Philippine Peso was at PhP 44.208 vs US$ 1.00.