The Philippine Stock Market - September 02, 2008

WallStreet was closed for Labor Day.
World Crude prices fell to $111 a barrel last night.

The local equities market advanced after consolidating the past days at the 2650-2680 levels. And with no external factors to weigh it down today, the Philippine Stock Exchange Index (PSEi) goes above the 2700 level.

PSEi previous close - 2686.52 (September 01)

time-------------up--------------PSEi
9:31-----------4.95------------2691.47
9:33-----------6.66
9:36-----------8.97
9:40-----------9.42
9:42----------10.86
9:43----------11.23
9:45-----------8.75
9:47-----------9.53
9:48----------10.11
9:49----------11.25
9:54----------13.19------------2699.71
9:55-----------3.18 ????
9:56----------19.52------------2706.04

AFter a sharp dip, the PSEi also advances steeply and breaks above the 2700 level.

9:57----------15.33
9:52----------14.03------------2700.55

10:00---------13.00
10:04---------12.75------------2699.27
10:08---------17.39------------2703.91

The PSEi consolidates near the 2700 for the rest of the trading session.

10:09---------18.80
10:13---------17.80

10:18---------19.52-----------2706.04
10:23---------15.32
10:31---------15.26

10:33---------19.49
10:35---------15.26
10:37---------13.34-----------2699.86

10:48---------17.24
10:49---------18.02
10:53---------21.65
11:00---------26.98
11:02---------29.47-----------2715.99 (day's high)

11:05---------24.97
11:12---------23.08
11:16---------21.36
11:22---------20.50
11:27---------19.55
11:31---------17.26
11:34---------16.66
11:42---------15.63

11:47---------16.29
11:49---------20.84
11:54---------19.50
11:56---------18.26
11:58---------19.01
11:59---------19.75
12:01---------21.73-----------2708.25 (+0.81%)
Market Close.

Value turnover: PhP 1.276 bn
Cross transactions: PhP 401 mn

Advancers 54
Decliners 30
Unchanged 68

Sectoral Indices.
Property +2.69%
Holdings +1.18%
Financial +0.95%
M-O +0.02%
Services -0.01%
Industrial -0.39%

The Day's Top Gainers:
POPI: PhP 0.33; +13.79%
FJP: PhP 1.60; +12.68%
CYBR: PhP 0.33; +10.00%

The Day's Biggest Decliners:
ICTV: PhP 1.22; -28.24%
CPV: PhP 1.54; -11.49%
MA: PhP 0.014; -6.67%

At mid-day:
Asian equities markets were mostly down.
The Philippine Peso continues to weaken and was at PhP 46.424 vs US$ 1.00.