The Philippine Stock Market - October 31, 2008

Dow Jones Industrial Average (DJIA) Summary
Index Value: 9,180.69
Trade Time: Oct 30
Change: Up 189.73 (+2.11%)
Prev Close: 8,990.96
Open: 9,004.66
Day's Range: 8,976.87 - 9,266.47

WallStreet moved in a "narrower" 290 point range as it tries to build a base at the 9000 level. It was still a roller coaster ride with several reversals of directions; with the last one coming in at the final half hour of trading which brought the DJIA higher by more than 2.0% from its previous close.

The local equities market rode on its momentum from it's strong advances the past couple of days. The rise in WallStreet also boosted investor sentiment and the Philippine Stock Exchange Index (PSEi) broke above the 1900 level as it has risen more than 4.0% for the third straight day.

PSEi previous close - 1864.93 (October 30)

time-------------up------------PSEi
9:31-----------42.60----------1907.53

The 1900 level is immediately breached.

9:32-----------38.17
9:33-----------42.00
9:34-----------53.51
9:35-----------64.87
9:35-----------72.99
9:39-----------76.96
9:40-----------77.81
9:41-----------80.34
9:42-----------84.28
9:44-----------85.64----------1950.57

9:48-----------80.40
9:50-----------86.60
9:54-----------89.66
9:55-----------91.33
9:56-----------93.52
9:57-----------95.43----------1960.36 (+5.11%)

After the steep opening advance, the market retraces.

9:58-----------91.80
10:01----------86.55
10:05----------84.71
10:08----------78.81

10:09----------80.63
10:11----------77.32
10:12----------75.52
10:13----------71.53
10:15----------70.20
10:16----------68.50
10:17----------66.33
10:18----------65.46
10:19----------64.51

10:24----------67.07
10:31----------64.48-----------1929.41

After taking a breather for the last half-hour; the market gets its second wind.

10:35----------67.35
10:38----------70.50
10:46----------72.98
10:47----------73.26
10:50----------74.38
10:54----------76.49
10:56----------76.72
10:57----------77.30
10:59----------79.13
11:04----------80.90
11:06----------85.58
11:11----------86.86
11:12----------90.80
11:14----------91.82
11:16----------93.57
11:19----------94.63
11:20----------95.80
11:21----------96.11
11:26----------96.24-----------1961.17 (+5.16%)

11:32----------92.82
11:35----------94.93
11:41----------94.01
11:44----------95.21
11:47----------95.10
11:49----------99.98-----------1964.91 (+5.36%) day's high

11:50----------97.36
11:52----------94.75
11:56----------96.25
11:57----------91.71
11:58----------90.52
11:59----------87.48
12:01----------86.16-----------1951.09 (+4.62%)
Market Close.

Value turnover: PhP 3.866 bn
Cross transactions: PhP 880 mn

Advancers 99
Decliners 16
Unchanged 32

Sectoral Indices.
Property +6.04%
M-O +4.40%
Industrial +4.32%
Holdings +4.15%
Financial +3.44%
Services +3.33%

The Day's Top Gainers:
FAF: PhP 0.45; +50.00%
ILIB: PhP 0.55; +37.50%
IRC: PhP 0.68; +36.00%

The Day's Biggest decliners:
PO: PhP 2.50; -23.08%
MFC: PhP 1,100; -12.00%
LIHC: PhP 5.00; -10.71%

At mid-day:
Asian equities markets were mostly up.
The Philippine Peso was at PhP 48.856 vs US$ 1.00.


BLOCK SALES:
TEL: 35,000 shs @ PhP 1940 = PhP 67.900 mn
-----22,280 shs @ PhP 2155 = PhP 48.013 mn
AC: 161,470 shs @ 287.50 = PhP 46.422 mn
JFC: 804,500 shs @ 41 = PhP 32.984 mn
BPI: 1,045,600 shs @ 41 = PhP 42.869 mn
-------628,000 shs @ 40.50 = PhP 25.434 mn
ALI: 6,400,000 shs @ 7.80 = PhP 49.92 mn
-----4,595,000 shs @ 7.90 = PhP 36.300 mn
EDC: 13,940,000 shs @ PhP 3.65 = PhP 50.881 mn
SECB: 504,700 shs @ 55.00 = PhP 27.758 mn

SMC: 339,349,120 shs @ PhP 80 = PhP 27.147 bn
SM Investments Corp. (SMIC) sold its shares in San Miguel Corp. (which is around 10.757% of SMC) to San Miguel Corporation Retirement plan at PhP 80 per share. The price of SMC at today's closing is at PhP 48.00.

The Philippine Stock Market - October 30, 2008

Dow Jones Industrial Average (DJIA) Summary
Index Value: 8,990.96
Trade Time: Oct 29
Change: Down 74.16 (-0.82%)
Prev Close: 9,065.12
Open: 9,062.33
Day's Range: 8,890.29 - 9,363.32

The DJIA moved near the 9000 level for most of the trading day and rallied in the afternoon session to rise higher by nearly 300 points. Another late sell-down however, brought the market lower and back in negative territory to end just under 9000.
The US Fed cut interest rates by 1/2 of a percentage point to 1.00%.

The Philippine Stock Market had a tentative start but soon investors gained more confidence to give the market a stronger push. The Philippine Stock Exchange Index (PSEi) even advanced more than the previous day (when the DJIA had its second highest point gain on record). The strong momentum had the PSEi close at its high.

PSEi previous close - 1780.64 (October 29)

time------------up-------------PSEi
9:31-----------9.96-----------1790.60

The market moved in a narrow range just below the 1800 level in the early part.

9:33---------13.69
9:35----------8.62
9:36---------15.00------------1795.64
9:37---------10.93
9:44----------9.98
9:45---------11.25
9:49---------13.22
9:56---------11.79
10:04--------13.30
10:06--------15.61------------1796.25

The market builds up buying momentum.

10:07--------17.49
10:08--------18.45
10:11--------22.43------------1803.07

The PSEi breaks above the 1800 level and the advance accelerates.

10:13--------23.30
10:14--------29.63
10:16--------32.05
10:17--------33.27
10:18--------33.85
10:20--------34.86
10:21--------38.00
10:23--------40.41------------1821.05

The PSEi breaks yesterday's high at 1820.21. The market continues to pile up its gains.

10:24-------43.52
10:26-------45.54
10:27-------48.58
10:29-------50.80
10:30-------51.76
10:33-------55.51-------------1836.16(+3.11%)

The market is higher by more than 3.0%.

10:37-------56.34
10:38-------57.65

10:41-------54.16
10:46-------58.31
10:47-------61.82

10:52-------59.90
11:06-------58.80
11:09-------56.98
11:12-------55.05

11:15-------58.10
11:18-------59.73
11:19-------61.39
11:25-------65.80
11:30-------66.35
11:31-------69.27
11:33-------69.32
11:34-------71.38------------1852.02 (+4.01%)

The PSEi moves above the 1850 level and is up more than 4.0%.

11:35-------72.86
11:37-------73.16
11:38-------74.14
11:39-------75.93
11:40-------77.27
11:41-------80.53
11:43-------80.99
11:56-------81.66
11:59-------82.10
12:01-------84.29----------1864.93 (+4.73%)
Marker Close.

Value turnover: PhP 2.517 bn
Cross transactions: PhP 724 mn

Advancers 88
Decliners 21
Unchanged 27

Sectoral Indices.
M-O +9.11%
Property +6.58%
Holdings +6.46%
Industrial +5.53%
Financial +4.57%
Services +1.47%

The Day's Top Gainers:
OMW2: PhP 0.0030; +50.00%
DIZ: PhP 1.90; +31.94%
CEI: PhP 0.031; +29.17%

The Day's Biggest Decliners:
IRC: PhP 0.50; -16.67%
ALHI: PhP 5.20; -11.86%
FEU: PhP 575.00; -11.54%

At mid-day:
Asian equities market were higher.
The Philippine Peso was at PhP 48.771 vs US$ 1.00.

The Philippine Stock Market - October 29, 2008

Dow Jones Industrial Average (DJIA) Summary
Index Value: 9,065.12
Trade Time: Oct 28
Change: Up 889.35 (+10.88%)
Prev Close: 8,175.77
Open: 8,178.72
Day's Range: 8174.73 - 9082.08

After already moving higher for most of the day; WallStreet launched a huge rally in the last couple of hours of trading to close above the 9000 level.

The local equities market also had a strong rally to test the 1800 level. The Philippine Stock Exchange Index (PSEi) opened steeply higher but gave back some of its gains on some immediate profit taking.

PSEi previous close - 1704.41 (October 28)

time------------up--------------PSEi
9:31----------51.81------------1756.22
9:32---------105.87-----------1810.28

The 1800 level is tested.

9:33---------110.75
9:36---------113.61
9:40---------115.80-----------1820.21 (day's high)

After rising 6.79% in just 10 minutes, some investors (who were brave enough to buy in the last couple of days) took the opportunity to take profits. Most chose to wait for a pullback before deciding to buy.

9:45---------111.84
9:50---------102.36
9:54----------93.29-----------1797.70

The market falls back below 1800 and moves sideways in the next half hour.

10:02---------95.04
10:10---------92.68
10:17---------95.04
10:22---------92.09
10:27---------91.98
10:28---------90.22

The market moves a little lower and again consolidates in the next half hour.

10:30---------86.38
10:35---------85.50
10:38---------83.29
10:41---------82.60
10:43---------86.80
10:46---------85.34
10:48---------83.76
10:49---------85.23-----------1789.64 (+5.00%)
10:55---------85.27

The market again moves to lower levels where it moved in a narrow range in the final hour of the trading session.

11:02---------82.62
11:04---------79.94
11:09---------77.81
11:17---------77.63
11:21---------75.16
11:25---------73.63-----------1778.04

11:28---------76.74
11:45---------78.88
11:47---------81.84
11:54---------77.62
11:57---------75.20
11:59---------74.93
12:01---------76.23-----------1780.64 (+4.47%)
Market Close.

Value turnover: PhP 2.319 bn
Cross transactions: PhP 710 mn

Advancers 87
Decliners 27
Unchanged 41

Sectoral Indices advanced across-the-board.
M-O +5.89%
Services +5.70%
Industrial +3.66%
Holdings +3.63%
Property +3.15%
Financial +1.87%

The Day's Top Gainers:
UW: PhP 0.075; +50.0%
APXB: PhP 1.78; +48.33%
WPI: PhP 0.27; +28.51%

The Day's Biggest Decliners:
ILIB: PhP 0.40; -38.46%
MHC: PhP 0.0725; -19.44%
RLT: PhP 0.17; -15.00%

At mid-day:
Asian equities markets were up.
The Philippine Peso strengthened to PhP 48.938 vs US$ 1.00.

The Philippine Stock Market - October 28, 2008

Dow Jones Industrial Average (DJIA) Summary
Index Value: 8,175.77
Trade Time: Oct 27
Change: Down 203.18 (-2.42%)
Prev Close: 8,378.95
Open: 8,375.92
Day's Range: 8,143.59 - 8,599.10

The DJIA indeed opened lower (as the futures indicated - but not as low as the 8000 level) but immediately rallied to post a gain of more than 200 points by early afternoon. A sell-off in the last couple of hours of trading had the DJIA close near its low and lower by more than 200 points.
US Home Sales unexpectedly rose in September as prices drop.

The local equities market settled down after yesterday's record plunge. The Philippine Stock Exchange Index (PSEi) held its ground near the 1700 level.

PSEi previous close - 1713.83 (October 27)

time------------change-----------PSEi
9:31----------up 0.07----------1713.90
9:32--------down 0.16

9:49--------down 29.08---------1684.75 (day's low)

9:59-------------13.41---------1700.42

The PSEi goes above the 1700 level and holds for the rest of the trading session.

10:05-------down 0.18
10:06---------up 1.67----------1715.50

The market goes into positive territory.

10:34---------up 9.34
10:58-----------13.06----------1726.89 (day's high)
11:15------------0.55

The market gives back its slight gains and remains tentative.

11:17---------up 1.99
11:19-------down 0.16

11:33-------down 0.05
11:34---------up 0.28

11:36-------down 0.19
11:59-----------10.42
12:01------------9.42----------1704.41 (-0.55%)
Market Close.

Value turnover: PhP 1.960 bn
Cross transactions: PhP 414 mn
Block Sale: 30,000,000 shs EDC @ PhP 2.70 = PhP 81 mn

The market tries to settle down and find a base at the 1700 level. The support levels seen at 1680-1700 held for the day. Investors remain wary and uncertain.

Advancers 40
Decliners 62
Unchanged 29

Sectoral Indices.
M-O -1.72%
Services -1.54%
Financial -0.81%
Holdings -0.40%
Property +0.40%
Industrial +2.14%

The Day's Top Gainers:
MUSX: PhP 0.145; +45.00%
DFNN: PhP 5.20; +33.33%
MHC: PhP 0.090; +28.57%

The Day's Biggest Decliners:
APXB: PhP 1.20; -35.48%
WPI: PhP 0.21; -27.59%
UW: PhP 0.05; -23.08%

At mid-day:
Asian equities markets were mostly up after being down earlier.
The Philippine Peso was at PhP 49.484 vs US$ 1.00.

The Philippine Stock Market - October 27, 2008

Today will go down on record as a BLACK MONDAY in OCTOBER. The Philippine Stock Exchange Index (PSEi) fell a record 12.27% as it experienced a long continous decline. Investors scrambled to sell holdings on emotions (fear and panic) and on various economic concerns (volatility in the DJIA; lower company earnings; worldwide recession; inflation; job cuts; peso depreciation; fund redemptions etc).

PSEi previous close - 1953.49 (October 26)

time-----------down-------------PSEi
9:31----------20.62------------1932.87

The local equities market opened lower as it catches up with the drop in the other bourses last Friday. The PSEi falls further from the key 2000 level.

9:32----------22.38
9:34----------23.49------------1930.00
9:36----------42.49------------1911.00

The Oct. 25, 2005 low at 1917.98 is broken. The sell-down continues to cascade.

9:37----------44.41
9:38----------45.08
9:39----------45.93------------1907.96
9:40----------58.35------------1895.14

The 1900 level is broken. The decline continues to accelerate.

9:42----------61.09
9:43----------61.58
9:44----------61.88
9:46----------65.65
9:47----------72.20
9:49----------73.53
9:50----------75.61
9:51----------77.72
9:52----------79.37
9:53----------80.31-------------1873.18 (-4.11%)

9:44----------83.58
9:56----------89.61-------------1863.88 (-4.59%)

The September 12, 2005 low at 1866.08 is broken. The market continues to look for a support.

9:59----------90.13
10:00---------90.77
10:02---------93.70
10:03--------101.13-------------1852.36 (-5.18%)

10:04---------98.45
10:07--------102.06
10:08--------103.40
10:09--------106.62
10:10--------108.33-------------1845.16 (-5.55%)
10:11--------112.95
10:12--------114.42
10:13--------116.74-------------1836.75 (-5.98%)
10:14--------120.56
10:15--------121.60-------------1831.89 (-6.22%)

The decline temporarily halts in the next ten minutes.

10:18--------119.37
10:20--------113.47
10:22--------116.56
10:23--------117.22

10:26--------122.29-------------1831.20 (-6.26%)

The sell-off resumes.

10:27--------124.09
10:28--------127.25
10:29--------128.33
10:30--------131.80
10:31--------132.64
10:32--------134.67
10:33--------134.79
10:34--------136.40
10:35--------137.03--------------1816.46 (-7.01%)

10:36--------138.37
10:39--------138.79
10:40--------141.16
10:41--------142.31
10:42--------144.25
10:44--------145.94
10:46--------147.22
10:47--------148.03--------------1805.46 (-7.58%)

The July 4, 2005 low at 1805.49 is broken.

10:49--------148.75
10:50--------148.94
10:51--------149.15--------------1804.34 (-7.64%)

10:54--------145.27
10:58--------148.56
10:59--------152.80--------------1800.69 (-7.82%)

With still an hour to go and the PSEi down already nearly 8% and the 1800 level tested; investors agained turned panicky as the 10% threshhold decline is within sight. If this is reached, the market will be halted.

11:00--------161.81--------------1791.68

There was no more stopping the wild selldowns.

11:02--------162.71--------------1790.78
11:04--------165.02--------------1788.47 (-8.44%)

The Dec. 21, 2004 low at 2790 is broken.

11:06--------165.47
11:07--------167.30--------------1786.19 (-8.56%)
11:08--------167.88
11:09--------170.11
11:11--------170.58
11:12--------174.35
11:13--------176.74--------------1776.15 (-9.05%)
11:14--------181.60
11:15--------183.93
11:17--------187.64--------------1765.85 (-9.61%)
11:18--------188.48
11:19--------193.21
11:20--------194.91--------------1758.58 (-9.98%)

11:23--------196.03--------------1757.46 (-10.03%)

Trading in the Philippine Stock Exchange is halted. The 10% decline "circuit breaker" is reached. Trading is to resume in 15 minutes. This temporarily suspension was supposed to stymie the panic selling in the market.

At this point:
Value turnover: PhP 964 mn
Cross transactions: PhP 283 mn

Advacers 2
Decliners 112
Unchanged 12

11:38--------201.12-------------1752.37 (-10.30%)

The trading halt only pent up selling pressure. A new wave of selldowns even accelerates the drop.

11:39-------206.57
11:40-------208.14
11:41-------208.66
11:42-------210.77---------------1742.72 (-10.74%)

The November 16, 2004 low at 1743.60 is broken.

11:43-------212.49
11:44-------215.46---------------1738.03 (-11.03%)
11:45-------218.90
11:46-------220.28
11:48-------220.70
11:49-------222.74
11:53-------228.71---------------1724.78 (-11.71%)

The October 25, 2004 low at 1725 is broken.

11:34-------230.30
11:55-------234.49---------------1719.00 (-12.00%)
11:56-------235.20
11:57-------238.66
11:59-------241.01---------------1712.48 (-12.34%)

This is a new four-year low.

12:01-------239.66---------------1713.83 (-12.27%)

Value turnover: PhP 1.567 bn
Cross transactions: PhP 482 mn

Immediate supports:
1700.42 - (Sept 21, 2004 low)
1679.13 (Sept. 17, 2004 low)

Advancers 5
Decliners 123
Unchanged 13

Sectoral Indices all went into a free-fall.
Services -13.25%
Holdings -10.69%
Financial -10.52%
Property -9.76%
M-O -9.70%
Industrial -8.88%

The Day's ONLY Gainers:
JTH: PhP 1.90; +18.75%
MED: PhP 0.27; +8.00%
PNX: PhP 2.55; +6.25%
APO: PhP 1.36; +4.62%
ATI: PhP 2.95; +1.72%

The Day's Biggest Decliners:
EIBA: PhP 0.165; -38.89%
TDY: PhP 2.20; -37.14%
MUSX: PhP 0.10; -33.33%
MRC: PhP 0.155; -31.11%
CMT: PhP 0.30; -28.57%

At mid-day:
Asian equities markets were down.
The Philippine Peso was at PhP 49.313 vs US$ 1.00.

The Biggest PSEi Movers:
TEL: PhP 1850; -89.13 pts
BPI: PhP 36.00; -17.54 pts
BDO: PhP 22.50; -17.04 pts
AC: PhP 200.00; -14.95 pts
EDC: PhP 2.50; -11.82 pts

The Biggest PSEi Decliners:
BDO: PhP 22.50; -23.73%
URC: PhP 4.60; -16.30%
MBT: PhP 19.75; -15.96%
MEG: PhP 0.64; -15.79%
GLO: PhP 725.00; -15.70%


Investors are expected to trail trading in WallStreet. As of 5:00 pm Manila time; the DJIA Futures (as tracked in the internet) is down by almost 300 pts or 3.5% with the DJIA just below 8000.

If the 8000 level is broken at tonight's trading; the DJIA's recent low at 7882.51 reached last October 10, 2008 might be tested and support is seen at 7520.63 (March 7, 2003 low).

Trading in WallStreet - October 24, 2008

Dow Jones Industrial Average (DJIA)
Index Value: 8,378.95
Trade Time: Oct 24
Change: Down 312.30 (-3.59%)
Prev Close: 8,691.25
Open: 8,683.21
Day's Range: 8187.48 - 8683.21

At one point, the DJIA was down by more than 500 points and below the 8200 level.

The Philippine Stock Market - October 24, 2008

Dow Jones Industrial Average (DJIA)
Index Value: 8,691.25
Trade Time: Oct 23
Change: Up 172.04 (+2.02%)
Prev Close: 8,519.21
Open: 8,519.77
Day's Range: 8243.55 - 8795.99

It was another roller coaster ride in WallStreet wherein the DJIA moved in a wide range of more than 550 points.
The DJIA was up more than 270 points by mid-morning.
By mid-afternoon; it was then down by more than 270 points.
A big rally going into the last hour had the DJIA end up higher by 2.00%.

The local equities market failed to hold above the key 2000 level and suffered a selldown ahead of the weekend. The Philippine Stock Exchange Index (PSEi) is at its lowest levels in around three years.

PSEi previous close - 1995.92 (October 23)

time-----------change-----------PSEi
9:31----------up 8.47----------2004.39
9:32-------------9.64----------2005.56 (day's high)
9:34-------------3.86----------1999.78

The PSEi falls below the key 2000 index level and sparks a sell-off.

9:35---------up 2.48
9:36------down 0.45

The market moves into negative territory and the decline accelerates.

9:37-----down 1.91
9:40-----------7.90
9:41-----------9.20----------1986.72

9:45-----down 6.87
9:51-----------8.90
9:52----------10.18
9:58----------11.01
10:00---------13.04
10:01---------13.90
10:02---------15.00---------1980.92

10:05----down 17.50
10:06---------19.68
10:07---------22.18
10:10---------25.74---------1970.18

10:12----down 26.31
10:14---------28.32
10:16---------29.58
10:17---------29.88
10:18---------31.19
10:20---------31.43
10:21---------32.26
10:22---------32.70
10:23---------33.02----------1962.90

The market consolidates in the next half-hour.

10:30----down 31.02
10:31---------30.98
10:37---------33.90---------1962.02

10:41----down 30.91
10:51---------31.68
10:53---------34.51
10:59---------36.33---------1959.59

The market reaches its lowest levels since November 2, 2005. It moves in a narrow range in the last hour of the trading session.

11:01----down 37.98---------1957.94
11:03---------40.91
11:12---------39.90
11:18---------38.54
11:21---------39.38
11:23---------38.48
11:25---------39.29
11:28---------40.64
11:29---------42.99
11:35---------44.48--------1951.44

11:37----down 43.60
11:42---------40.98
11:43---------43.38
11:45---------45.31
11:49---------45.34
11:52---------46.54
11:53---------47.37
11:55---------47.67
11:56---------48.55--------1947.37 (day's low)
11:59---------44.57
12:01---------42.42--------1953.49 (-2.13%)
Market Close.

Value turnover: PhP 1.951 bn
Cross transactions: PhP 619 mn
Block Sale: 97,000 shs TEL @ PhP 2400 = PhP 232.8 mn

Advancers 23
Decliners 92
Unchanged 24

Sectoral Indices fell across-the-board.
M-O -6.77%
Holdings -3.00%
Industrial -2.26%
Property -1.94%
Services -1.42%
Financial -1.33%

ONLY Index Gainer:
AEV: PhP 5.40; +1.89%

The Day's Top Gainers:
IRCB: PhP 0.65; +35.42%
DIZ: PhP 1.90; +26.67%
DFNN: PhP 5.40; +25.58%

The Day's Biggest Decliners:
MII: PhP 2.00; -33.33%
PNX: PhP 2.40; -29.41%
WIN: PhP 0.12; -27.27%

At mid-day:
Asian equities markets were down.
The Philippine Peso was at PhP 48.877 vs US$ 1.00.

The Philippine Stock Market - October 23, 2008

Dow Jones Industrial Average (DJIA) Summary
Index Value: 8,519.21
Trade Time: Oct 22
Change: Down 514.45 (-5.69%)
Prev Close: 9,033.66
Open: 9,027.84
Day's Range: 8335.30 - 9027.84

The DJIA steadily declined on continuing economic worries. It was down by around 700 points by late afternoon, but a rally in the last half hour managed to clip losses (but it still ended down by a whopping 500 points).

The big drop in WallStreet once again unnerved investors in the local equities market and sparked another sell-off. The Philippine Stock Exchange Index (PSEi) tested the key 2000 level.

PSEi previous close - 2093.01 (October 22)

time----------down-------------PSEi
9:31---------62.58-----------2030.43
9:32---------64.92
9:33---------77.29
9:34---------78.33
9:35---------82.46
9:36---------85.20
9:37---------89.34-----------2003.67

The 2000 level is tested.

9:39---------97.00-----------1996.01
9:41--------100.94
9:42--------104.59-----------1988.42

The market is down 5.00% at this point.

9:45--------104.90
9:46--------105.24
9:47--------107.01
9:50--------107.97----------1985.04 (day's low)

The market tries to bounce back in the next hour.

9:53--------103.12
9:56---------97.22
10:04--------96.59
10:05--------95.74
10:06--------93.69
10:13--------92.20----------2000.81

10:15--------89.08
10:19--------89.36
10:21--------88.15
10:23--------84.93
10:24--------84.36
10:27--------82.20
10:28--------81.75
10:31--------80.54
10:33--------78.79
10:38--------77.85----------2015.16

10:50--------82.97

The market again starts to retreat.

11:00--------91.27---------2001.74
11:02--------93.40---------1999.61

The PSEi moves in a narrow range just below 2000 for the rest of the trading session.

11:14--------93.43
11:16--------95.72
11:20--------97.62
11:24--------98.04
11:27--------98.18
11:29--------98.28
11:30--------98.63
11:35-------100.76
11:36-------101.07
11:37-------102.38---------1990.63

11:39--------97.89---------1995.12
11:41-------102.87
11:43-------103.77
11:44-------104.35
11:45-------106.53---------1986.48

11:46-------102.55
11:50-------101.33
11:51--------99.83
11:54--------98.84
11:57-------104.41
11:58-------102.51
11:59--------99.45
12:01--------97.09--------1995.92 (-4.64%)
Market Close.

Value turnover: PhP 3.112 bn
Cross transactions: PhP 1.647 bn

Advancers 3
Decliners 117
Unchanged 13

Sectoral Indices.
M-O -12.67%
Property -5.73%
Holdings -4.83%
Services - 4.62%
INdustrial -3.91%
Financial -3.47%

The Day's ONLY Gainers:
PNX: PhP 3.40; +7.94%
PRMX: PhP 3.80; +2.70%
FPH: PhP 15.00; +1.69%

The Day's Biggest Decliners: (Each lost at least a quarter of their previous price.)
ION: PhP 0.50; -37.50%
OMW2: PhP 0.0028; -26.32%
DFNN: PhP 4.30; -25.86%
RCM: PhP 1.12; -25.33%
MHC: PhP 0.09; -25.00%
DIZ: PhP 1.50; -25.00%

At mid-day:
Asian equities markets were expectedly down.
The Philippine Peso weakened further to PhP 48.985 vs US$ 1.00.

The Philippine Stock Market - October 22, 2008

Dow Jones Industrial Average (DJIA) Summary
Index Value: 9,033.66
Trade Time: Oct 21
Change: Down 231.77 (-2.50%)
Prev Close: 9,265.43
Open: 9,262.80
Day's Range: 9,004.27 - 9,284.55

It was another erratic trading day in WallStreet. The DJIA had a steep drop by mid-day which it then wiped out by the mid-afternoon. It still however ended lower (just above the 9000 level); as another sell-off in the final hour ensued.

The local equities market also took its cue from WallStreet as it gave back some of its gains from the previous day. The Philippine Stock Exchange Index (PSEi) limited its losses but ended below the 2100 level.

PSEi previous close - 2116.74 (Oct 21)

PSEi-----------down------------PSEi
9:31-----------6.59----------2110.15
9:32----------29.15----------2087.59

The PSEi breaks below the 2100 level once again.

9:33---------31.34
9:35---------35.90
9:36---------37.65
9:39---------38.11
9:46---------39.26
9:48---------39.62
9:50---------40.76
9:53---------41.76
9:54---------42.64
9:59---------43.90
10:02--------44.04-----------2072.70 (day's low)

The PSEi moves in a very narrow range in the next 45 minutes.

10:19--------41.44
10:21--------40.69
10:32--------40.57
10:33--------39.35
10:39--------40.65
10:41--------39.45
10:45--------41.51

The market tries to regain some of it losses in the next hour.

10:51--------39.65
10:54--------38.67
10:59--------36.96

11:03--------36.96
11:04--------34.91
11:05--------34.57
11:11--------32.24
11:13--------30.16
11:14--------28.26
11:23--------26.98
11:26--------24.92
11:31--------24.19
11:37--------23.75
11:45--------22.87
11:47--------21.57-----------2095.18

The PSEi moves sideways in the final minutes.

11:50--------23.27
11:52--------24.89
11:53--------25.57
11:56--------24.57
11:58--------22.88
11:59--------20.98
12:01--------23.73-----------2093.31 (-1.12%)
Market Close.

Value turnover: PhP 1.988 bn
Cross transactions: PhP 723 mn
Blosk Sale: 87,020,152 shs CRC @ PhP2.22 = PhP 193.597 mn

Advancers 24
Decliners 65
Unchanged 34

Sectoral Indices.
M-O -2.25%
Services -1.76%
Financial -1.26%
Property -1.18%
Holdings -0.44%
Industrial +0.01%

The Day's Top Gainers:
FEU: PhP 720.00; +14.29%
FPH: PhP 14.75; +13.46%
APO: PhP 1.52; +8.57%

The Day's Biggest Decliners:
WPI: PhP 0.32; -17.95%
ORE: PhP 0.50; -16.67%
CDC: PhP 1.26; -16.00%

At mid-day:
Asian equities markets were down.
The Philippine Peso was at PhP 48.594 vs US 1.00

The Philippine Stock Market - October 21, 2008

Dow Jones Industrial Average (DJIA)
Index Value: 9,265.43
Trade Time: Oct 20
Change: Up 413.21 (+4.67%)
Prev Close: 8,852.22
Open: 8,852.30
Day's Range: 8852.22 - 9266.63

The large rise in WallStreet had the local equities market also advancing. The Philippine Stock Exchange Index (PSEi) rebounded from the past day's declines.

PSEi previous close - 2062.88 (Oct 20)

time------------up--------------PSEi
9:31-----------23.05----------2085.93
9:32-----------26.68
9:33-----------27.00
9:34-----------27.64
9:35-----------29.48
9:37-----------29.66
9:38-----------32.94
9:39-----------44.62----------2107.50

The PSEi broke above the 2100 level. The market held on to its gains to stay above this level for the rest of the session.

9:40-----------45.94
9:41-----------48.40----------2111.28

9:42-----------45.52
9:45-----------47.65
9:46-----------48.27
9:47-----------50.26
9:48-----------55.08
9:49-----------56.45
9:54-----------56.67
9:55-----------56.92
9:57-----------58.14----------2121.02

10:00----------54.29
10:01----------53.51
10:04----------52.19
10:05----------50.09
10:06----------49.84----------2112.72

10:09----------56.95
10:11----------58.61
10:12----------60.08----------2122.96 (the day's high)

10:13----------57.88
10:16----------56.85
10:21----------55.96
10:22----------52.76
10:26----------51.95
10:28----------48.89
10:29----------45.76
10:30----------45.33
10:34----------44.18
10:35----------43.99----------2106.87

10:39----------46.06
10:43----------45.42
10:49----------46.88
10:52----------48.79
10:57----------49.12
11:01----------50.86---------2113.74

11:06----------47.26
11:09----------45.51
11:22----------46.59
11:23----------45.78---------2108.66

11:25----------47.21
11:26----------48.48
11:29----------49.76
11:41----------50.54
11:43----------51.65
11:44----------52.01
11:51----------56.00
11:53----------56.08---------2118.96

11:54----------53.91
11:55----------52.74
11:58----------52.21
12:01----------53.86---------2116.74 (+2.61%)
Market Close.

Value turnover: PhP 1.826 bn
Cross transactions: PhP 500 mn

Investors are still wary of volatility in WallStreet. Some take the opportunity to take profits in these sudden market surges; after buying the past days when the market was dropping. Most are still in the sidelines, waiting and just watching.

Advancers 63
Decliners 28
Unchanged 38

Sectoral Indices.
Services +3.14%
Industrial +2.78%
Financial +1.83%
Property +1.74%
M-O +1.42%
Holdings +0.68%

The Day's Top Gainers:
LIHC: PhP 6.90; +21.05%
OPM: PhP 0.013; +18.18%
OPMB: PhP 0.015; +15.38%

The Day's Biggest Decliners:
IP: PhP 1.20; -21.05%
MHC: PhP 0.12; -20.00%
BCB: PhP 14.00; -11.11%

At mid-day:
Asian equities markets were mostly up.
The Philippine Peso was at PhP 48.116 vs US$ 1.00.

The Philippine Stock Market - October 20, 2008

The local equities market was weak today. With no good news to perk up the market, the Philippine Stock Exchange Index (PSEi) drifted lower to two-year low levels.

PSEi previous close - 2098.26 (Oct 17)

time----------down-----------PSEi
9:31---------4.23----------2094.03
9:32---------7.50----------2090.76

The PSEi touches the low end of the June 29-30, 2006 chart gap at the 2090-2137 levels.

9:35--------8.26
9:49-------13.36
10:20------17.65
10:29------24.10
10:40------28.35
10:53------32.34
11:05------36.69
11:12------40.49
11:22------43.69-----------2054.58 (day's low)

The PSEi moves in a narrow range for the remainder of the trading session.

11:25------40.18
11:32------39.85
11:43------42.32
11:46------39.79
11:53------42.27
11:57------36.84
11:58------34.64
11:59------33.74----------2064.52
12:01------35.38----------2062.88 (-1.69%)
Market Close.

Value turnover: PhP 1.918 bn
Cross transactions: PhP 698 mn

Advancers 22
Decliners 66
Unchanged 34

Sectoral Indices were lower across-the-board.
M-O -3.81%
Property -3.08%
Financial -1.79%
Services -1.44%
Holdings -1.43%
INdustrial -0.88%

The Day's Top Gainers:
CAC: PhP 2.26; +10.78%
VUL: PhP 0.72; +10.77%
UPM: PhP 0.0055; +10.00%

The Day's Biggest Decliners:
APM: PhP 0.0070; -12.50%
IP: PhP 1.52; -11.63%
OM: PhP 0.0080; -11.11%

At mid-day:
Asian equities markets were mixed.
The Philippine Peso was at PhP 48.133 vs US$ 1.00.

Trading in WallStreet - October 17, 2008

Dow Jones Industrial Average (DJIA) Summary
Index Value: 8,852.22
Trade Time: Oct 17
Change: Down 127.04 (-1.41%)
Prev Close: 8,979.26
Open: 8,975.35
Day's Range: 8718.25 - 9281.12

After opening steeply lower and being down more than 260 points very early; the DJIA slowly advanced to hurdle the 9000 level.
By mid-afternoon the DJIA was up by 300 points or a swing of more than 560 points.
Another late session sell-off brings the DJIA below the 9000 level and end with a triple digit loss.

WallStreet continue to experience wild volatility. Warren Buffett's statement that "Now is the time to Buy US equities" was offset by very weak housing stats.

The Philippine Stock Market - October 17, 2008

Dow Jones Industrial Average (DJIA)
Index Value: 8,979.26
Trade Time: Oct 16
Change: Up 401.35 (+4.68%)
Prev Close: 8,577.91
Open: 8,577.04
Day's Range: 8197.67 - 9013.27

WallStreet continues to experience extreme volatility. The DJIA was down late in the morning session by around 380 points.
A late afternoon rally had the DJIA close near its high or a turnaround of about 800 points.

The local equities market opened higher on back of the big rise in WallStreet. The Philippine Stock Exchange Index (PSEi) however gave back its gains and even ended in negative territory and near its low. The wild swings in the DJIA keeps investors jittery and most opted to liquidate holdings ahead of the weekend.

PSEi previous close - 2122.37 (Oct 16)

time----------change---------PSEi
9:31-------up 29.82---------2152.20
9:32----------32.11
9:33----------37.12
9:34----------54.41---------2176.78 (day's high)

The market tries to hold on to its gains in the next 10 minutes.

9:36------up 52.34
9:37----------50.11
9:38----------49.13
9:40----------52.16
9:41----------48.02
9:42----------47.60
9:44----------50.32
9:45----------51.12

The PSEi starts to drift lower.

9:48-----up 49.61
9:49---------47.05
9:52---------46.49
9:55---------45.67
9:56---------43.80
9:57---------40.43---------2162.80

The 2161 level still does not hold as a support. Selling pressure increases.

10:01-----up 37.22---------2159.59
10:02---------36.57
10:04---------34.55
10:05---------29.05
10:06---------26.90
10:07---------23.13
10:08---------22.57
10:10---------21.50
10:11---------18.12
10:12---------17.48
10:13---------17.17
10:15---------16.15
10:17---------15.55
10:18---------15.13
10:20---------14.16
10:27---------12.64
10:30---------12.22
10:34----------9.30
10:35----------8.87--------2131.24

10:39---------12.84
10:45---------13.11
10:50---------11.01
10:52----------8.42

10:57---------10.84
11:01----------6.53
11:02----------5.32
11:03----------2.72
11:04----------2.53--------2124.90

The market moves into the RED as investors continued to unload shares. The decline again accelerates.

11:05---down 1.76----------2120.61
11:06---------3.95
11:07---------5.17
11:09---------5.97
11:10---------6.12
11:11---------8.21
11:13--------10.68
11:15--------15.16---------2107.21

11:19--------13.87
11:21--------12.81
11:22--------12.09

11:23--------15.21
11:24--------16.43
11:28--------17.58
11:29--------17.89
11:30--------18.80
11:33--------19.10
11:38--------19.24---------2103.13

11:40--------17.46
11:41--------16.56
11:44--------17.51
11:45--------18.30
11:47--------17.00
11:48--------20.30
11:49--------23.27---------2099.10

The 2100 level is tested once again.

11:52---down 26.15---------2096.22
11:54--------21.56
11:55--------23.86
11:57--------25.20
11:58--------27.37
11:59--------27.61---------2094.76 (day's low)
12:01--------24.11---------2098.26 (-1.14%)
Market Close.

Value turnover: PhP 2.523 bn
Cross transactions: PhP 1.033 bn

Advancers 24
Decliners 83
Unchanged 32

Sectoral Indices.
Property -4.36%
Holdings -2.80%
M-O -1.42%
Industrial -1.38%
Services -0.41%
Financial +0.21%

The Day's Top Gainers:
SLI: PhP 0.63; +21.15%
MED: PhP 0.32; +14.29%
RLT: PhP 0.22; +10.00%

The Day's Biggest Decliners:
PRIM: PhP 0.30; -36.17%
ICTV: PhP 1.00; -32.43%
JTH: PhP 1.60; -20.00%

At mid-day:
Asian markets were mostly down; though some were up earlier.
The Philippine Peso was at PhP 47.972 vs US$ 1.00.

The Philippine Stock Market - October 16, 2008

Dow Jones Industrial Average (DJIA) Summary
Index Value: 8,577.91
Trade Time: Oct 15
Change: Down 733.08 (-7.87%)
Prev Close: 9,310.99
Open: 9,301.91
Day's Range: 8530.12 - 9308.76

US Retail sales fell 1.2% in September.
Credit card defaults rising.

The DJIA had its second biggest point decline on continuing recession fears. The DJIA opened lower and continued its decline to close near its low.

The local equities market together with the other asian markets followed WallStreet's lead. The Philippine Stock Exchange Index (PSEi) immediately fell steeply. It was not able to recover and also closed near its low.

PSEi previous close - 2238.41 (October 15)

time------------down------------PSEi
9:31-----------64.82-----------2173.59
9:32-----------66.97
9:33-----------70.12
9:34-----------74.09-----------2164.32

The supposedly support at 2161 is immediately tested....

9:35----------112.53-----------2125.88

.....and broken.

9:38----------118.42
9:39----------119.08
9:46----------120.50
9:50----------121.82
9:53----------122.52-----------2115.89 (day's low)

9:55----------118.65
9:57----------109.97
10:00---------102.06
10:03---------101.28-----------2137.13

10:17---------106.95
10:19---------108.81
10:23---------104.50
10:31---------107.02
10:43---------106.83
10:50---------105.09
10:57---------106.13
10:59---------104.86-----------2133.55

11:08---------108.11
11:14---------112.22
11:20---------106.74
11:35---------109.90
11:45---------112.41

11:46---------110.55
11:48---------108.16
11:50---------107.94
11:54---------113.86
11:56---------114.85
11:57---------118.61------------2119.80
11:59---------115.75
12:01---------116.04------------2122.37 (-5.18%)
Market Close.

Value turnover: PhP 1.980 bn
Cross transactions: PhP 824 mn

Advancers 5
Decliners 119
Unchanged 18

There was no index issue gainer.

Sectoral Indices fell across the board.
M-O -6.16%
Property -6.07%
Holdings -5.21%
Industrial -5.19%
Services -5.12%
Financial -3.57%

The Day's ONLY Gainers:
FEU: PhP 630.00; +5.00%
VITA: PhP 0.30; +3.45%
BKD: PhP 1.32; +1.54%
CAC: PhP 1.96; +1.03%
MFC: PhP 1250.00; +0.40%

The Day's Biggest Decliners:
OPMB: PhP 0.013; -18.75%
OMW2: PhP 0.0042; -16.00%
ASIA: PhP 4.80; -15.79%
UPM: PhP 0.0055; -15.38%
LIHC: PhP 5.10; -15.00%

At mid-day:
Asian equities market were falling.
The Philippine Peso fell and was at PhP 48.026 vs US$ 1.00.

The Philippine Stock Market - October 15, 2008

Dow Jones Industrial Average (DJIA) Summary
Index Value: 9,310.99
Trade Time: Oct 14
Change: Down 76.62 (-0.82%)
Prev Close: 9,387.61
Open: 9,388.97
Day's Range: 9085.43 - 9794.37

The DJIA moved within a range of more than 700 points.
It opened strong and was up early on by more than 400 points.
It then pulled back and traded sideways in mid-session.
A sell-off in the early afternoon session had it losing more than 300 points going into the last hour.
A late rally had the DJIA limit its losses.

The volatility and wild swings in WallStreet still leaves investors with a whole lot of uncertainty. The Philippine Stock Exchange Index (PSEi) traded in a narrow range and followed the correction in the DJIA from the previous day's strong advances in the equities markets.

PSEi previous close - 2273.65 (Oct 14)

time---------down------------PSEi
9:31--------10.15----------2263.50
9:33--------12.83
9:34--------19.92
9:35--------23.89
9:36--------25.78
9:40--------27.79
9:41--------29.66
9:45--------30.17
9:46--------32.81
9:47--------33.76
9:50--------38.07
9:53--------39.45
9:59--------39.49----------2234.16 (day's low)

After the declines in the first half-hour of trading, the PSEi moves sideways for the rest of the trading session.

10:05-------34.76
10:10-------33.03
10:12-------35.04
10:14-------33.74
10:16-------32.60
10:20-------32.23
10:23-------31.00
10:30-------30.41
10:32-------29.08-----------2244.57

10:39-------31.28
10:45-------30.04
10:50-------30.04
10:51-------29.85
10:56-------28.90
11:00-------27.09
11:03-------26.94
11:04-------26.71-----------2246.95

11:08-------28.11
11:14-------29.73
11:15-------30.30

11:20-------28.24
11:21-------26.48-----------2247.17

11:26-------31.75
11:32-------34.15
11:35-------35.71-----------2237.94

11:46-------33.21
11:49-------35.09
11:51-------35.57
11:53-------33.24
11:56-------34.00
12:01-------35.24-----------2238.41 (-1.55%)
Market Close.

Value turnover: PhP 2.372 bn
Cross transactons: PhP 783 mn

Advancers 20
Decliners 64
Unchanged 45

Chart Gaps:
2161 - 2254 left open Oct 13 - 14
----------Target Support: 2161
2420 - 2347 left open Oct 7 - 8
----------Target Resistance: 2347


Sectoral Indices:
M-O -3.99%
Property -1.95%
Industrial -1.94%
Services -1.88%
Holdings -1.53%
Financial +0.03%

The Day's Top Gainers:
CDC: PhP 1.50; +20.97%
ABA: PhP 0.0060; +9.09%
SHNG: PhP 1.26; +8.62%

The Day's Biggest Decliners:
RLT: PhP 0.20; -31.03%
OV: PhP 0.016; -20.00%
ORE: PhP 0.70; -17.65%

At mid-day:
Asian equities markets were down.
The Philippine Peso was at PhP 47.457 vs US$ 1.00.

The Philippine Stock Market - October 14, 2008

Dow Jones Industrial Average (DJIA) Summary
Index Value: 9,387.61
Trade Time: Oct 13
Change: Up 936.42 (+11.08%)
Prev Close: 8,451.19
Open: 8,462.42
Day's Range: 8462.18 - 9427.99

WallStreet opened higher; continued to advance strongly and never looked back. The DJIA tries to regain last week's deep losses and was up by almost a thousand points at one point. It closed near its high and ended more than 11% higher from last Friday.

The humongous rally had the local equities market also open steeply higher. The Philippine Stock Exchange Index (PSEi) almost touched the 2300 level and more importantly also kept most of its gains intact. The Philippine Stock Market advanced more than 7% for the day.

PSEi previous close - 2118.75 (October 13)

time------------up-------------PSEi
9:31----------158.11---------2276.86
9:32----------160.85
9:34----------162.37
9:35----------164.41
9:36----------172.66
9:38----------173.81--------2292.56 (the day's high)
9:41----------168.09
9:43----------161.16
9:45----------160.27
9:46----------159.53
9:47----------155.46
9:49----------148.96
9:50----------140.89
9:56----------138.01
10:05---------135.37--------2254.12

After the initial strong run-up; the PSEi stayed above the 2250 level and traded sideways for the rest of the trading session.

10:09---------144.13
10:13---------145.58
10;15---------146.27
10:18---------148.05

10:19---------143.98
10:20---------148.08
10:26---------150.34--------2269.09

10:28---------147.46
10:32---------146.64
10:33---------144.09
10:35---------143.42
10:37---------145.08
10:39---------146.47
10:42---------142.56
10:49---------141.24
10:54---------142.52
10:56---------143.84
11:02---------139.25--------2258.00

11:07---------142.53
11:17---------145.44
11:22---------146.89
11:23---------148.19
11:27---------147.17
11:35---------148.42
11:40---------144.79
11:42---------148.34
11:48---------151.67--------2270.42
11:50---------151.44
11:58---------146.56
12:01---------154.90--------2273.65 (+7.31%)
Market Close.

Value turnover: PhP 3.615 bn
Cross transactions: PhP 917 mn

The huge run-up was an opportunity for investors who bought yesterday and last week to take immediate profit. Some buyers also put orders on hold as prices have suddenly zoomed up. Investors are still wary of volatility and a sudden pullback. Trading in WallStreet would be closely monitored for huge movements.

Advancers 101
Decliners 16
Unchanged 26

Sectoral Indices.
Industrial +8.04%
Services +7.15%
Property +5.88%
Holdings +5.81%
M-O +4.31%
Financial +2.93%

The Day's Top Gainers:
MRC: PhP 0.225; +50.00%
UNI: PhP 0.12; +50.00%
JFC: PhP 46.00; +17.95%

FEU: PhP 600.00; -20.53%
MFC: PhP 1250.00; -10.39%
I: PhP 4.40; -10.20%

At mid-day:
Asian equities markets were up.
The Philippine Peso was at PhP 47.020 vs US$ 1.00.

The Philippine Stock Market - October 13, 2008

The local equities market opened higher as it rebounded from last Friday's steep drops. Bargain hunting was observed but most investors remained jittery as the market pared back its gains towards the close. The Philippine Stock Exchange Index (PSEi)ended with moderate gains above the 2100 level.

PSEi previous close - 2097.80 (October 10)

time-----------up-------------PSEi
9:31----------38.39---------2136.19
9:32----------44.37
9:34----------45.36

9:34----------44.30
9:38----------55.02
9:39----------56.61
9:41----------57.81
9:42----------59.98
9:43----------60.18
9:44----------61.77
9:46----------64.03---------2161.83 (day's high)

After an initial spurt; the market starts to shed off its gains.

9:48-----------59.48--------2157.28
9:59-----------57.61
10:07----------55.37
10:08----------54.95
10:14----------52.42
10:17----------51.54
10:21----------50.68
10:23----------49.70
10:26----------47.46--------2145.26

10:27----------54.14--------2151.94
10:31----------51.89
10:43----------51.48
10:56----------50.04
10:57----------49.36
11:00----------46.99
11:04----------46.81
11:05----------44.69--------2142.49

11:06----------48.19--------2145.99
11:11----------44.94
11:13----------43.62
11:15----------42.64
11:17----------39.78
11:22----------39.12
11:24----------38.72
11:26----------37.94
11:27----------36.06
11:28----------35.45
11:29----------32.92
11:31----------31.43
11:34----------30.76
11:42----------29.31
11:43----------27.57
11:44----------26.94--------2124.74

11:45----------28.30
11:47----------25.91
11:49----------24.43
11:52----------22.79
11:53----------21.68--------2119.48

11:55----------22.36
11:56----------23.52
11:57----------24.12
11:59----------20.17--------2117.97 (day's low)
12:01----------20.95--------2118.75 (+1.00%)
Market Close.

Value turnover: PhP 2.285 bn
Cross transactions: PhP 972 mn
Block Sale: 70000 shs TEL @ PhP 2192.95 = PhP 153.506 mn

Advancers 65
Decliners 40
Unchanged 32

Sectoral Indices rebounded across-the-board.
Property +3.22%
Industrial +1.29%
Financial +1.06%
M-O +0.61%
Services +0.22%
Holdings +0.15%

The Day's Top Gainers:
I : PhP 4.90; +36.11%
ORE: PhP 0.85; +30.77%
MPI: PhP 3.35; +24.07%

The Day's Biggest Decliners:
OPMB: PhP 0.016; -15.79%
OPMN: PhP 0.016; -11.11%
APX: PhP 1.70; -10.53%

At mid-day:
Asian equities markets were mixed.
The Philippine Peso was at PhP 47.429 vs US$ 1.00.

Investors are keenly watching WallStreet as it tries to look for directions. At 6 pm, Manila time, the DOW Futures is up more than 360 points (+4.30%).

Trading in WallStreet - October 10, 2008

Dow Jones Industrial Average(DJIA) Summary
Index Value: 8,451.19
Trade Time: Oct 10
Change: Down 128.00 (-1.49%)
Prev Close: 8,579.19
Open: 8,568.67
Day's Range: 7882.51 - 8901.28

It was the most volatile trading session ever in WallStreet. A real roller-coaster ride!

The DJIA declined steeply just a few minutes after the opening bell and was down almost 700 points to break well below the 8000 level.
It then recovered in just over an hour to wipe out most of its losses.
In then went into another decline; and for most of the mid-session, it traded deep in negative territory. It tried to stay above the 8000 level.
In the last hour, the DJIA mounted another huge rally. At one point, it went up by 150 points in just about 20 seconds. The dizzying run-up had the market up more than 300 points in the last half hour of trading.
Another late-session sell-off then had the DJIA give back its gains and end with another triple digit-loss.

If the DJIA was able to keep its gains; it could have been a key reversal day. But with its ability to recover from such a deep decline and a closing of more than 500 points off its low, it keeps investors hopes of even a technical rebound alive.

The DJIA moved within a 1000 point trading range (the largest in its history). From its day's low, it moved 12.9% higher to reach its day's high.

WallStreet had a record volume of more than 10bn shares traded.

The DJIA fell from last week's close of 10325.38 to 8451.19 last night. The decline of 1874.19 points (-18.15%) this week is probably also the worst.

From its all-time high of 14198.10 (exactly one year ago today - Oct 11, 2007); the DJIA touched a low of 7882.51 last night or a retracement of 6315.59 points (-44.48%).

The Philippine Stock Market - October 10, 2008

Dow Jones Industrial Average(DJIA) Summary
Index Value: 8,579.19
Trade Time: Oct 9
Change: Down 678.91 (-7.33%)
Prev Close: 9,258.10
Open: 9,261.69
Day's Range: 8579.19 - 9448.14

After trying to stay above the 9,000 level for most of the trading day (wherein the DJIA was up more than 180 points), a late selloff had the DJIA break below this level and once again panicked investors. After the smoked cleared, the DJIA ended at its low (a new two-year low) and has turned around more than 860 points during the trading session.

The ban on short selling of financial stocks ends.

New York Metal & Oil Report
Gold - down $19.80 to $881.35/$881.85
US Oil - down $2.36 to $86.59

The local equities market was again jolted by the volatility in WallStreet. The Philippine Stock Exchange Index (PSEi) lost almost 200 points and probably suffered the worst percentage loss (-8.33%) at the close.

PSEi previous close - 2288.44 (Oct 9)

time----------down-------------PSEi
9:31---------17.71------------2270.73
9:32--------121.45----------2166.99 (-5.31%)

TEL opened at PhP 2275 from a previous close of PhP 2455.

9:33--------122.30
9:34--------126.48
9:35--------130.71
9:36--------132.77----------2155.67

9:42--------122.27
9:46--------113.69
9:48--------111.25

10:00-------124.55
10:08-------130.06
10:18-------133.36
10:25-------133.70
10:32-------137.04----------2151.40
10:35-------138.79----------2149.65

The July 17, 2006 low of 2151 is broken.

10:39-------141.79
10:42-------145.02
10:43-------150.70----------2137.74

The PSEi starts to close the chart gap at the 2090-2137 levels left open since June 29-30, 2006.

10:45--------156.30
10:46--------157.12
10:47--------159.07
10:48--------160.65
10:49--------163.03
10:50--------168.16
10:51--------171.23
10:52--------174.18
10:53--------174.71
10:54--------175.27
10:56--------177.77
10:57--------179.11----------2109.33

11:01--------170.70
11:02--------167.05
11:07--------163.50----------2124.94

11:12--------170.52
11:16--------171.73
11:19--------172.06
11:29--------172.86
11:29--------175.41
11:31--------177.84
11:32--------178.59
11:34--------181.10
11:35--------185.05----------2103.39

11:44--------179.68
11:52--------182.27
11:53--------186.40
11:55--------187.64
11:56--------188.85
1:57---------190.99---------2099.59

The 2100 level was broken.

11:59--------192.23---------2096.21 (the day's low)
12:01--------190.64---------2097.80 (-8.33%)
Market Close.

Value turnover: PhP 2.998 bn
Cross transactions: PhP 1.032 bn

There was no index issue that advanced. TEL closed at PhP 2245 (-8.55%) and being a market heavy-weight, it accounted for a decline of 60.24 points in the PSEi.

The Day's Biggest Index Issue Decliners:
LCB -18.52%
LC -14.81%
MEG -13.33%
MWC -12.07%
URC -12.00%

Advancers 7
Decliners 135
Unchanged 12

Sectoral Indices.
Property -9.57%
Industrial -8.62%
M-O -8.39%
Services -8.02%
Holdings -6.67%
Financial -5.79%

The Day's Top Gainers:
CAC: PhP 1.90; +7.95%
SLF: PhP 1295.00; +7.92%
ALHI: PhP 6.70; +6.35%

The Day's Biggest Decliners:
PECB: PhP 6.00; -40.00%
ORE: PhP 0.65; -35.00%
MRC: PhP 0.15; -31.82%

At mid-day:
Asian equites markets were dropping.
The Philippine Peso was at PhP 47.711 vs US$ 1.00.


One year after the all-time highs:
From its Oct. 11, 2007 high of 14198.10; the DJIA closed yesterday (Oct. 9) at 8579.19 (-39.57%).
From its Oct. 8, 2007 high of 3896.74, the PSEi closed today (Oct 10) at 2097.80 (-46.16%).

The steep drop the past week brings the market to attractive levels to start buying in. BUY when there's blood on the streets. There is definitely blood a sea of RED in WallStreet and in the local equities market.
There are many stocks ripe for a technical rebound though there are still issues that may unnerve investors.

The Philippine Stock Market - October 09, 2008

Dow Jones Industrial Average(DJIA) Summary
Index Value: 9,258.10
Trade Time: Oct 8
Change: Down 189.01 (-2.00%)
Prev Close: 9,447.11
Open: 9,437.23
Day's Range: 9,194.78 - 9,628.07

Volatility continue to rule in WallStreet. After the US Federal Reserve and other Central Banks cut rates; the DJIA opened steeply lower but immediately zoomed up setting up a wild roller coaster ride for the session. The day's trading range was more than 400 points.

New York Metal $ Oil Report
Gold - up $22.15 to $901.15/$901.65
US Oil - down $1.11 to $88.95

The local equities market also traded with a lot of uncertainty but within a narrower range. The Philippine Stock Exchange Index (PSEi) ended lower as investors continue to adopt a wait-and-see attitude.

PSEi previous close - 2307.74 (Oct 8)

time------------change--------------PSEi
9:31--------down 10.19----------2297.55

The 2300 level was immediately broken.

9:32-------down 8.31-----------2299.43
9:33-------------17.44
9:34-------------22.78-----------2284.96

The July 3, 2008 low of 2289 was broken and the market moves to a new two-year low.

9:34-------down 24.18
9:35--------------25.32----------2282.42 (new 2 year low)

9:38--------------24.63
9:40--------------19.66
9:41--------------16.48
9:42--------------12.70
9:43--------------10.64
9:44---------------7.89
9:47---------------5.09----------2302.65

The PSEi tries to move above the 2300 level.

9:48-------down 4.31
9:49-----------up 1.66

The market goes into positive territory.

9:50-----------up 3.34
9:51---------------4.52
9:53---------------5.73
9:56---------------7.32---------2315.06 (day's high)

10:01-----------up 5.50
10:05--------------4.59
10:07--------------2.64
10:11--------------1.86---------2309.60

The market struggles to keep its marginal gains.

10:13---------up 4.48
10:15-------------1.70
10:16-------------3.34
10:19-------------1.29
10:20-------------0.88
10:24-------------0.48
10:25-------------0.13

10:27------down 2.93

The market again declines and stays in the RED for the rest of the trading session.

10:30-----down 3.98
10:33-------------4.40
10:35-------------7.04-------------2300.70
10:36-------------8.06-------------2299.68

The PSEi again goes lower than the 2300 level.

10:37-----down 10.11
10:40------------10.15
10:51------------12.64
10:52------------13.32

10:59-----down 12.37
11:04------------10.72
11:05-------------9.85-------------2297.89

11:07-----down 13.18
11:08------------13.79
11:10------------14.00
11:12------------15.18
11:13------------15.87
11:15------------17.61
11:28------------17.78
11:32------------18.89
11:35------------19.75
11:36------------20.02------------2287.68

11:42-----down 16.02
11:45------------18.63
11:48------------16.54
11:52------------19.03
11:53------------15.22
11:58------------18.59
12:01------------19.20------------2288.44 (-0.84%)
Market Close.

Value turnover: PhP 2.236 bn
Cross transactions: PhP 1.080 bn
Block Sales: 87,020,152 shs CRC @ PhP 2.98 = PhP 259.62 mn
----------------23620 shs TEL @ PhP 2505.77 = PhP 59.18 mn

Advancers 28
Decliners 66
Unchanged 50

The Day's Top Gainers:
CMT: PhP 0.60; +20.00%
MFC: PhP 1395.00; +11.16%
HI: PhP 1.40; +7.69%

The Day's Biggest Decliners:
IRCB: PhP 0.48; -40.00%
UNI: PhP 0.08; -30.43%
FED: PhP 3.50; -12.50%

At mid-day:
Asian equities markets were up.
The Philippine Peso was at PhP 47.617 vs US$ 1.00.


EQUITY INDEX declines the past 3 days (Oct 6-8)
Index (Country)--------As of Oct. 3-------As of Oct 8-----% down
JCI (Indonesia)----------1832.51------------1451.67---------13.44%
HangSeng (HK)---------17682.40-----------15431.73-------12.72%
Nikkei (Japan)----------10938.14------------9203.32--------15.86%
PSEi (Phil)---------------2566.21-------------2307.74--------10.07%
DJIA (US)---------------10325.38-------------9258.10--------11.52%
SSE (China)-------------2293.78--------------2092.22---------8.78%

The Philippine Stock Market - October 08, 2008

Dow Jones Industrial Average(DJIA) Summary
Index Value: 9,447.11
Trade Time: Oct 7
Change: Down 508.39 (-5.11%)
Prev Close: 9,955.50
Open: 9,955.42
Day's Range: 9436.67 - 10124.03

WallStreet initially tried to mount a rally to go above the 10,000 level early in the trading day. It was up by around 160 points at one point. However, panic selling again overwhelmed the market and the DJIA plunged to a 5 year low.

New York Metal & Oil Report
Gold - up $10.60 to $879/$879.50
US Oil - up $2.25 to $90.06

The local equities market also fell steeply as investor confidence continue to be shaken. The Philippine Stock Exchange Index (PSEi) tests the 2300 level.


PSEi previous close - 2424.19 (Oct 7)

time------------down---------------PSEi
9:31------------78.59-------------2345.60
9:32------------81.08-------------2343.11

The September 18 low of 2342 is immediately tested.

9:34-------------84.24
9:36-------------86.64------------2337.55

9:41-------------81.97
9:45-------------80.15
9:49-------------78.99

9:50-------------82.19
9:57-------------78.12
10:02------------76.35------------2347.84

10:18------------82.18
10:20------------85.22

10:32------------81.53
10:34------------86.37
10:35------------89.10------------2335.09

The PSEi goes well below the 2342 support and the decline deepens.

10:38-----------90.55
10:39-----------91.17
10:43-----------92.98
10:48-----------93.31
10:53-----------96.96
10:54-----------97.19
10:59-----------98.18
11:07----------101.18
11:18----------101.21--------------2322.98

11:22-----------98.33
11:26----------100.02

11:37-----------97.27
11:43----------100.68
11:47----------102.67
11:46----------106.17
11:50----------108.50
11:51----------110.61

11:53----------107.75
11:56----------111.63
11:58----------115.40
11:59----------117.59-------------2306.60 (day's low)
12:01----------116.45-------------2307.74 (-4.80%)
Market Close.

Value turnover: PhP 2.342 bn
Cross transactions: PhP 691 mn
Block Sale: 465,810 shs CHIB @ PhP 450 = PhP 209.614 mn

Advancers 14
Decliners 113
Unchanged 21

Sectoral Indices again fell across-the-board.
Industrial -6.43%
Financial -4.58%
Property -4.54%
Services -4.31%
Holdings -3.96%
M-O -1.83%

The Day's Top Gainers:
OPM: PhP 0.021; +16.67%
ROX: PhP 2.55; +10.87%
OPMB: PhP 0.021; +10.53%

The Day's Biggest Decliners:
ILI: PhP 0.57; -36.67%
IRC: PhP 0.50; -30.56%
PWR: PhP 0.14; -26.32%

At mid-day:
Asian equities markets were down.
The Philippine Peso was weaker at PhP 47.617 vs US$ 1.00.

In the news at this hour:
The US Federal Reserve Board orders an emergency rate cut by 0.5% that lowers interest rates from 2.0% to %1.5. The move comes ahead of its scheduled meeting on Oct. 29.
In Europe, the bank of England cuts its rates by a half a point to 4.5% while the European Central Bank (ECB) sliced its rate to 3.75%.

The Philippine Stock Market - October 07, 2008

Dow Jones Industrial Average(DJIA) Summary
Index Value: 9,955.50
Trade Time: Oct 6
Change: Down 369.88 (-3.58%)
Prev Close: 10,325.38
Open: 10,322.52
Day's Range: 9525.32 - 10322.76

The turmoil in Europe added to the fears in WallStreet as the DJIA opened lower and sparked a new round of selling. When the 10,000 level was broken, the decline accelerated to near panic proportions and the DJIA was down by 800 points at one point and was at levels last seen five years ago. A late rally however enabled the market to regain some of its losses and close just below 10,000.

New York Metal & Oil Report:
Gold - up $38.50 to $868.40/$868.90
US Oil - down $6.07 to $ 87.81 (near 8 month low levels)

The local equities market also fell to another spate of selling orders as the declines in world equiites markets renewed worries among investors. The Philippine Stock Exchange Index (PSEi) immediately opened sharply lower and was unable to recover.
Philippine Inflation was at 11.9% in September.

PSEi previous close - 2499.53 (Oct 6)

time-------------down-------------PSEi
9:31------------65.09-----------2434.44
9:32------------67.03
9:33------------71.87
9:43------------73.69-----------2425.84

The PSEi atempts to close the chart gap at 2401-2426 left open since September 18-19.

9:48------------69.66
9:50------------66.35
9:57------------64.53
9:58------------63.28
9:59------------60.62
10:00-----------57.34
10:01-----------55.91
10:07-----------55.10-----------2444.43

10:17-----------59.19
10:23-----------62.85-----------2436.68

10:51-----------58.77
11:00-----------56.88
11:07-----------55.29-----------2441.24

11:11-----------58.29
11:18-----------59.88
11:21-----------60.29
11:25-----------61.32
11:28-----------62.81
11:29-----------67.22
11:30-----------68.39
11:33-----------71.58
11:44-----------73.66-----------2425.10
11:45-----------76.12
11:46-----------76.71
11:48-----------78.47
11:51-----------78.53
11:52-----------79.13
11:53-----------79.32-----------2420.21 (day's low)
11:56-----------77.94
11:59-----------78.71
12:01-----------75.34-----------2424.19 (-3.01%)
Market Close.

Value turnover: PhP 2.307 bn
Cross transactions: PhP 901 mn
Block Sale: 13140 shs TEL @ PhP 2676.5897 = PhP 35.170 mn

Advancers 10
Decliners 108
Unchanged 28

Sectoral Indices were down across-the-board.
Property -4.19%
Financial -4.07%
Holdings -3.90%
Industrial -3.53%
M-O -2.30%
Services -1.96%

The Day's Top Gainers:
PCKH: PhP 9.90; +41.43%
KPM: PhP 2.70; +10.00%
SMDC: PhP 2.34; +4.46%

The Day's Biggest Decliners:
MED: PhP 0.27; -35.71%
ARA: PhP 0.25; -34.21%
MHC: PhP 0.15; -25.00%

At mid-day:
Most asian markets were down though some were already higher from earlier declines.
The Philippine Peso was at PhP 47.701 vs US$ 1.00.

The Philippine Stock Market - October 06, 2008

The Philippine Stock Market together with the other asian equities markets traded lower as the financial crisis deepens in Europe. The Philippine Stock Exchange Index (PSEi) closed near its low just below 2500.

PSEi previous close - 2566.21 (Oct 3)

time------------down------------PSEi
9:31-----------22.09-----------2544.12
9:33-----------25.31
9:35-----------26.79
9:36-----------30.19
9:41-----------31.78
9:46-----------33.28
9:53-----------41.24
9:57-----------41.66
10:02----------41.87
10:07----------42.83
10:10----------46.38
10:13----------47.72-----------2518.49

10:14----------43.42
10:15----------40.56
10:16----------39.12
10:17----------37.01
10:18----------35.58
10:31----------35.51-----------2530.70

10:40----------38.03
10:42----------41.66
10:47----------42.71
10:54----------43.66
11:00----------46.14
11:02----------48.48
11:04----------51.17
11:07----------52.76
11:13----------54.46
11:16----------57.34-----------2508.87

11:24----------53.33
11:25----------55.24
11:31----------57.70
11:32----------60.59
11:33----------61.82-----------2504.39

11:36----------59.44
11:41----------63.18
11:42----------63.35

The 2500 level is tested.

11:45----------66.26-----------2499.95
11:48----------68.02
11:49----------68.43
11:51----------70.04-----------2496.17

11:53----------66.08
11:55----------68.85
11:56----------70.84
11:59----------71.72-----------2494.49 (day's low)
12:01----------66.68-----------2499.53 (-2.60%)
Market Close.

Value turnover: PhP 2.054 bn
Cross transactions: PhP 1.160 bn
Block Sales: 10000 TEL @ PhP 2688.6775 = PhP 26.866mn
---------------25000 TEL @ PhP 2708.0504 = PhP 67.701 mn

Advancers 8
Decliners 87
Unchanged 29

Sectoral Indices.
Holdings -4.01%
Industrial -3.28%
Property -2.82%
Financial -2.48%
M-O -1.70%
Services -1.07%

The Day's Top Gainers:
MA: PhP 0.011; +10.00%
BCB: PhP 17.00; +6.25%
ATI: PhP 3.15; +3.28%

The Day's Biggest Decliners:
PCKH: PhP 7.00; -29.29%
KPM: PhP 2.00; -20.00%
LND: PhP 0.31; -11.43%

At mid-day:
Asian markets were down.
The Philippine Peso was at PhP 47.382 vs US$ 1.00.

Trading in WallStreet - October 03, 2008

Dow Jones Industrial Average(DJIA) Summary
Index Value: 10,325.38
Trade Time: Oct 3
Change: Down 157.47 (-1.50%)
Prev Close: 10,482.85
Open: 10,483.96
Day's Range: 10310.25 - 10796.26

It was another volatile session in WallStreet. The DJIA moved within a wide 480 point range. After an initial rise wherein the it was up by more than 300 points at one point; the DJIA drops steeply in the afternoon session (and closed near its low) on economic concerns despite approval of the bailout plan.

The Philippine Stock Market - October 03, 2008

Dow Jones Industrial Average(DJIA) Summary
Index Value: 10,482.85
Trade Time: Oct 2
Change: Down 348.22 (-3.22%)
Prev Close: 10,831.07
Open: 10,825.54
Day's Range: 10439.52 - 10825.54

WallStreet opened lower and steadily declined to close near its low. Data on falling US factory orders and rising unemployment claims added worries on the US economy even as investors and analysts await the approval by Congress of the financial bailout plan.

New York Metal & Oil Report
Gold - down $44.50 to $839/839.50
US Oil - down $4.56 to $93.97

The local equities market was dragged down by the negative sentiment brought about by the more than 3% drop in the DJIA. The Philippine Stock Exchange Index (PSEi) however, limited its drop once again as the Philippine Stock Market continue to show resiliency.


PSEi previous close - 2612.89 (Oct. 2)

time------------down-------------PSEi
9:31-----------13.84------------2599.05

The market falls below the 2600 level immediately.

9:32-----------20.67
9:33-----------29.95
9:34-----------30.34
9:35-----------32.32
9:36-----------35.18
9:38-----------37.89

The PSEi continues its slow decline.

9:43----------40.79
9:44----------41.34
9:48----------43.35
9:50----------44.92
9:57----------44.92
9:58----------45.71
9:59----------45.90
10:03---------46.82
10:10---------48.11-------------2564.78 (day's low)

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

10:22---------45.75
10:36---------45.29
10:43---------45.62
10:46---------45.15
10:50---------45.97
10:57---------46.77
11:00---------45.18
11:03---------46.35
11:05---------44.82
11:08---------43.94
11:12---------43.52
11:16---------42.60
11:20---------42.41
11:21---------41.71
11:24---------41.66
11:26---------39.97
11:34---------44.24
11:39---------40.56
11:43---------39.29-------------2573.60
11:52---------41.66
11:56---------46.37-------------2566.52
11:57---------41.90
11:58---------44.32
12:01---------46.68-------------2566.21 (-1.79%)
Market Close.

Value turnover: PhP 2.290 bn
Cross transactions: PhP 1.121 bn
Block Sales: 28,000,000 shs AGI @ 3.90 = PhP 109.20 mn

Advancers 16
Decliners 58
Unchanged 51

Sectoral Indices.
M-O -3.00%
Holdings -2.81%
Industrial -2.14%
Property -1.89%
Financial -1.43%
Services -1.09%

The Day's Top Gainers:
APR: PhP 2.95; +18.00%
LND: PhP 0.35; +12.90%
REG: PhP 1.50; +7.14%

The Day's Biggest Decliners:
UW: PhP 0.095; -17.39%
AGI: PhP 3.50; -10.26%
MA: PhP 0.011; -9.09%

At mid-day:
Asian equities markets were down.
The Philippine Peso was at PhP 47.176 vs US$ 1.00.

The Philippine Stock Market - October 02, 2008

Dow Jones Industrial Average(DJIA) Summary
Index Value: 10,831.07
Trade Time: Oct 1
Change: Down 19.59 (-0.18%)
Prev Close: 10,850.66
Open: 10,847.40
Day's Range: 10631.95 - 10882.52

WallStreet continues to be volatile. After being down more than 200 points earlier in the day, the DJIA recovers and was even on the upside at one point. It ends with limited losses.

The US Senate approves the bailout package (with a vote of 74 to 25) and urges the house to support the bill on Friday. Some changes include tax breaks and a temporary increase in deposit insurance from $100,000 to $250,000.

The ban on short-selling of financial stocks which is supposed to end today is extended until Oct 17.

The local equities market resumed trading from the one-ay holiday break on a positive note. The Philippine Stock Exchange Index (PSEi) advanced strongly and once again tested the resistance at 2630.

PSEi previous close - 2569.65 (Sept 30)

time-------------up---------------PSEi
9:31------------4.85-------------2574.50
9:32------------7.66
9:33-----------11.23
9:34-----------14.42
9:35-----------24.08
9:36-----------29.17
9:38-----------33.76-------------2603.41

The PSEi breaks the 2600 level and the market continues its advance.

9:39-----------35.72
9:39-----------37.96
9:41-----------40.41
9:43-----------45.57
9:44-----------49.26
9:46-----------51.73
9:47-----------56.39------------2626.04 (day's high)

The market still meets a stiff resistance at 2630 and the PSEi pulls back.

9:51-----------51.23
9:53-----------48.20
10:07----------50.25

10:15----------52.37
10:23----------47.70
10:25----------46.43
10:38----------45.72
10:44----------45.08
10:56----------44.55
11:02----------44.10
11:03----------41.90------------2611.55

11:07----------46.21
11:14----------42.65
11:18----------41.34
11:19----------39.66------------2609.31

11:35----------40.07
11:39----------38.95
11:43----------38.64
11:47----------37.49
11:51----------36.08
11:55----------35.88------------2605.53
11:58----------42.88
12:01----------43.24------------2612.89 (+1.68%)
Market Close.

Value turnover: PhP 2.983 bn
Cross transactions: PhP 1.371 bn
Block Sales: 8000 TEL @ PhP 2632.7683 = PhP 21.062 mn
---------------10319 TEL @ PhP 2745.9454 = PhP 28.335 mn

Advancers 55
Decliners 27
Unchanged 49

Sectoral Indices.
Holdings +2.58%
Financial +1.91%
Services +1.51%
Property +1.41%
Industrial +1.07%
M-O +0.03%

The Day's Top Gainers:
AGI: PhP 3.90; +13.04%
BHI: PhP 0.12; +9.09%
ABA: PhP 0.0070; +7.69%

The Day's Biggest Decliners:
LND: PhP 0.31; -11.43%
KEP: PhP 1.00; -10.71%
MAB: PhP 0.011; -8.33%

At mid-day:
Asian equities markets were mostly down.
The Philippine Peso was at PhP 46.920 vs US$ 1.00.

Trading in WallStreet - September 30, 2008

Dow Jones Industrial Average(DJIA)
Index Value: 10,850.66
Trade Time: Sept 30
Change: Up 485.21 (+4.68%)
Prev Close: 10,365.45
Open: 10,371.58
Day's Range: 10371.42 - 10868.90

WallStreet steadily advanced to recoup more than half of Monday's huge drop (which some say wiped out $1 trillion in market prices) on bailout revival hopes.
Overnight Libor rates advance most to record at 6.87% as banks further tightened lending.