The Philippine Stock Market - September 01, 2008

The local equities market declined together with the other asian markets. The Philippine Stock Exchange Index (PSEi) opened lower but however, it recovered most of its losses by the close of the trading session.

PSEi previous close - 2688.09 (August 29)

time------------down------------PSEi
9:31-----------35.86-----------2652.23

PLDT (TEL) opened sharply lower at PhP 2655 from its previous close of PhP 2720 and this set the mood for the day.

9:33-----------36.11
9:45-----------38.28
9:51-----------39.99-----------2648.10 (day's low)

After the initial drop, the market slowly regains its bearing.

9:55-----------32.91
10:00----------36.55
10:04----------31.97
10:06----------29.27
10:11----------24.67
10:13----------23.72
10:15----------21.69
10:19----------18.25
10:22----------17.72
10:30----------14.40
10:32----------13.24
10:39----------12.83
10:42-----------9.40

10:57----------12.89
11:03-----------8.80
11:07-----------6.03
11:09-----------5.62

11:12-----------8.47
11:17-----------8.92
11:21----------14.18

11:45-----------9.65
11:47-----------5.24
11:49-----------3.61
11:54-----------4.92
11:56-----------5.33
11:58----------10.47
12:01-----------1.57-----------2686.52 (-0.05%)
Market Close.

Value turnover: PhP 1.115 bn
Cross transactions: PhP 522 mn

Advancers 24
Decliners 47
Unchanged 58

Sectoral Indices.
Industrial -1.63%
M-O -0.92%
Financial -0.41%
Holdings -0.27%
Services -+0.13%
Property +1.05%

The Day's Top Gainers:
AJO: PhP 0.0775; +29.17%
CEU: PhP 6.50; +8.33%
PWR: PhP 0.21; +5.00%

UPM: PhP 0.011; -8.33%
OMW2: PhP 0.0060; -7.69%
APM: PhP 0.012; -7.69%

At mid-day:
Asian equities markets were down.
The Philippine Peso was at PhP 46.258 vs US$ 1.00.