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.