The Philippine Stock Market - September 05, 2008

Dow Jones Industrial Average(DJA) Summary
Index Value: 11,188.23
Trade Time: September 4
Change: Down 344.65 (-2.99%)
Prev Close: 11,532.88
Open: 11,532.48
Day's Range: 11,176.02 - 11,532.48

WallStreet drops steeply and closes near its low. The DJIA declines by 3.0 % as weak US jobs data dampen investor confidence.

The local equities market was again shaken by the big fall in the US equities market. The Philippine Stock Exchange Index (PSEi) opens lower; but is able to keep its losses in check.

PSEi previous close - 2754.05

time------------down------------PSEi
9:31-----------30.93----------2723.12
9:33-----------32.55
9:35-----------34.06
9:39-----------39.99----------2714.06

The chart gap at the 2715-2724 is closed.

9:40-----------41.25
9:45-----------41.76
9:51-----------43.67----------2710.38 (day's low)

The market halts its decline and moves in a narrow range for the rest of the trading session.

10:02---------39.31
10:10---------37.70
10:18---------33.48
10:22---------31.97-----------2722.08

10:26---------37.62
10:36---------34.91
10:49---------36.94
10:55---------33.45
11:05---------35.54
11:06---------32.89
11:15---------31.85
11:30---------31.69
11:39---------38.16
11:46---------34.64
11:49---------32.66
11:52---------29.50
11:56---------28.20
11:58---------32.75
12:01---------29.33-----------2724.72 (-1.06%)
Market Close.

Value turnover: PhP 2.110 bn
CRoss transactions: PhP 953 mn

Advancers 18
Decliners 65
Unchanged 52

Sectoral Indices were down across-the-board.
Property -1.83%
M-O -1.66%
Financial -1.39%
Holdings -1.20%
Services -0.55%
Industrial -0.23%

The Day's Top Gainers:
LAND: PhP 2.00; +33.33%
RLT: PhP 0.35; +6.06%
WPI: PhP 0.51; +4.08%

The Days Biggest Decliners:
IMP: PhP 9.30; -40.00%
JOH: PhP 1.10; -30.38%
PECB: PhP 10.00; -9.09%

At mid-day:
Asian equities markets were down.
The Philippine Peso was at PhP 46.866 vs US$ 1.00.