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.