Thursday, September 4, 2008

The Philippine Stock Market - September 04, 2008

Dow Jones Industrial Average(DJIA) Summary
Index Value: 11,532.88
Trade Time: September 3
Change: Up 15.96 (+0.14%)
Prev Close: 11,516.92
Open: 11,506.01
Day's Range: 11416.53 - 11554.38

The local equities market traded sideways in a narrow range. The Philippine Stock Exchange Index (PSEi) consolidated at the 2750 level.

PSEi previous close - 2750.03

open - 2750.49
low - 2740.24 (-9.79)
high - 2755.01 (+4.98)
close - 2754.05 (+4.02 or +0.15%)

Value turnover: PhP 1.811 bn
Cross transactions - 874 mn

The market is trying to build a base in order to continue its advance and challenge the 2800 level. The Support is seen at the 2715-2724 chart gap left open last September 2-3.

Advancers 35
Decliners 45
Unchanged 57

Sectoral Indices:
Property +1.28%
Financial +0.48%
M-O -0.02%
Services -0.14%
Holdings -0.21%
Industrial -0.32%

The Day's Top Gainers:
CRC: PhP 4.60; +21.05%
PEC: PhP 11.00; +10.00%
AJO: PhP 0.085; +9.68%

The Day's Biggest Decliners:
VVT: PhP 4.00; -33.33%
LAND: PhP 1.50; -25.00%
LSC: PhP 1.00; -15.25%

At mid-day:
Asian markets were mostly down. The Philippine Peso was at PhP 46.712 vs US$ 1.00.

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