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.