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.