The Philippine Stock Market - November 06, 2008

Dow Jones Industrial Average (DJIA) Summary
Index Value: 9,139.27
Trade Time: Nov 5
Change: Down 486.01 (-5.05%)
Prev Close: 9,625.28
Open: 9,616.60
Day's Range: 9111.47 - 9616.60

WallStreet opened lower and continued its decline throughout the session and closed near its low.

The local equities market immediately followed the decline in the DJIA. The Philippine Stock Exchange Index (PSEi) fell below the key 2000 level after holding the past two days.

PSEi previous close - 2006.21 (November 5)

time---------down---------PSEi
9:31--------71.50-------1934.71
9:55--------81.68-------1924.53 (-4.07%)
10:13-------83.06-------1923.15 (day's low)
10:20-------80.58
10:29-------74.75
10:45-------68.02
11:00-------62.73-------1943.48 (-3.13%)
11:21-------58.24-------1947.97
11:38-------61.39
11:50-------65.06
11:55-------62.24
11:58-------59.25
11:59-------61.56
12:01-------64.59------1941.62 (-3.22%)
Market Close.

Value turnover: PhP 2.394 bn
Cross transactions: PhP 586 mn
Block Sale: 678,583,000 shs FDC @ PhP 1.00 = PhP 678.583 mn

Advancers: 9
Decliners: 84
Unchanged: 42

Sectoral Indices were all lower.
M-O -3.98%
Services -3.91%
Industrial -3.38%
Holdings -2.56%
Financial -2.14%
Property -1.81%

There was no index issue gainer.

The Day's Top Gainers:
VITA: PhP 0.24; +14.29%
MHC: PhP 0.135; +12.50%
LR: PhP 1.50; +11.94%

The Day's Biggest Decliners:
OMW2: PhP 0.0030; -40.00%
UPM: PhP 0.0040; -27.27%
IRC: PhP 0.50; -26.47%

At mid-day:
Asian equites markets were down.
The Philippine Peso was at PhP 48.484 vs US$ 1.00.

* Inflation for October was at 11.2%.