The Philippine Stock Market - September 25, 2008

Dow Jones Industrial Average(DJIA)Summary
Index Value: 10,825.17
Trade Time: Sept 24
Change: Down 29.00 (-0.27%)
Prev Close: 10,854.17
Open: 10,850.02
Day's Range: 10753.57 - 10928.40

The DJIA moved in and out of negative territory for most of the trading day; below the 11000 level.

The local equities market continued on its advancing momentum from late yesterday's trading wherein the Philippine Stock Exchange Index (PSEi) closed above its 10-day moving average (m.a.) of 2506.

PSEi previous close - 2510.32

time-------------up------------PSEi
9:31-----------1.19----------2511.51
9:33-----------4.64
9:34-----------6.55
9:35-----------8.01
9:36----------10.92----------2521.24
9:37----------12.15
9:38----------14.40
9:40----------15.72
9:44----------22.25
9:46----------24.62
9:47----------25.27
9:48----------25.87
9:49----------28.15
9:50----------28.33
9:53----------28.52
9:55----------32.82
9:59----------38.32
10:00---------39.58
10:01---------40.08-----------2550.40

Investors continue to slowly gain confidence.

10:02---------41.99
10:03---------43.12
10:08---------44.98
10:09---------45.65
10:10---------46.54
10:11---------47.60
10:12---------50.43-----------2560.75

The PSEi tests the September 22 high of 2560.

10:13---------50.56
10:14---------54.58
10:15---------56.20
10:16---------56.62
10:18---------56.79
10:19---------58.93-----------2569.25

The market moves in a narrow range for the rest of the trading session.

10:22---------55.73
10:24---------53.99
10:25---------52.02
10:29---------51.04

10:34---------53.56
10:36---------50.79
10:46---------50.48-----------2560.08

10:54---------51.87
11:03---------54.90
11:10---------55.11

11:17---------51.19
11:23---------54.33
11:33---------57.46
11:38---------58.55
11:41---------59.56
11:44---------61.09------------2571.41 (day's high)

11:49---------57.52
11:55---------56.45
11:57---------59.90
11:58---------60.76
11:59---------59.33
12:01---------56.05-----------2566.37 (+2.23%)
Market Close.

Value turnover: PhP 2.411 bn
Cross transactions: PhP 918 mn

Advancers 61
Decliners 27
Unchanged 51

Sectoral Indices.
Industrial +4.51%
Property +2.58%
Services +1.91%
Holdings +0.72%
M-O +0.58%
Financial +0.49%

The Day's Top Gainers:
IRC: PhP 0.60; +20.00%
FAF: PhP 0.53; +17.78%
ICTV: PhP 1.48; +13.85%

The Day's Biggest Decliners:
AR: PhP 0.0055; -8.33%
UPM: PhP 0.0090; -5.26%
PA: PhP 0.10; -4.76%

At mid-day:
Asian markets were mostly down.
The Philippine Peso was at PhP 46.519 vs US$ 1.00.