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.