The Philippine Stock Market - September 03, 2008

Dow Jones Industrial Average(DJIA) Summary
Index Value: 11,516.92
Trade Time: September 2
Change: Down 26.63 (-0.23%)
Prev Close: 11,543.55
Open: 11,545.63
Day's Range: 11,471.90 - 11,790.17

WallStreet opened strong and was up by nearly 250 points in the early going. Volatility and uncertainty remains and it gave back its gains to end in negative territory.

The local equities markets continued its momentum in breaking the 2700 level. The Philippine Stock Exchange Index (PSEi) opened higher and held on to most of its gains.

PSEI previous close - 2708.25 (Sept 02)

time-----------up-------------PSEi
9:31---------19.64-----------2727.89
9:44---------26.77
9:45---------30.54-----------2738.79

9:47---------27.96
9:50---------29.67
9:50---------34.49
9:52---------40.33
9:54---------42.20
9:56---------44.60
9:57---------45.31
10:11--------45.50
10:19--------46.96
10:20--------47.15-----------2755.40 (the day's high)

10:26--------47.15-----------2755.40

The market consolidates near the 2750 level in the last hour and a half of the trading day.

10:29--------44.54
10:36--------43.16
10:42--------39.08
10:48--------38.84

10:57--------40.45
10:59--------46.10
11:03--------46.51
11:04--------42.29
11:09--------39.86
11:10--------40.50
11:17--------38.49
11:23--------36.96
11:27--------35.46-----------2743.71

11:33--------38.13
11:39--------40.86
11:45--------37.13
11:50--------38.39
11:51--------42.61
11:52--------43.91
11:54--------39.94
11:55--------41.51
11:57--------43.35
11:58--------45.84
11:59--------39.06
12:01--------41.78----------2750.03 (+1.54%)
Market Close.

Value turnover: PhP 2.249 bn
Cross transactions: PhP 769 mn

Advancers: 44
Decliners 46
Unchanged 57

Sectoral Indices.
Industrial +2.22%
Services +1.54%
Financial +1.37%
Holdings +0.88%
Property +0.10%
M-O -0.99%

The Day's Top Gainers:
PBC: PhP 33.00; +17.86%
IMP: PhP 15.50; +10.71%
APM: PhP 0.013; +8.33%

The Day's Biggest Decliners:
KEP: PhP 1.20; -24.05%
CRC: PhP 3.80; -15.56%
UPM: PhP 0.011; -8.33%

At mid-day:
Asian equities markets were mostly down.
The Philippine Peso was at PhP 46.567 vs US$ 1.00.