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.