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.