The Philippine Stock Market - November 10, 2008

With the DJIA rebounding last Friday, the local equities market together with the other asian stockmarkets were higher. The Philippine Stock Exchange Index (PSEi) however, gave back most of its early gains.

PSEi previous close - 1921.34 (November 7)

time---------change-----------PSEi
9:31-------up 26.24---------1947.58
9:33----------28.88
9:36----------32.70
9:42----------36.15---------1957.49 (day's high)

After the initial rise, the PSEi retreats

9:50-------up 29.20
9:52----------26.52
9:59----------23.22
10:01---------22.24

10:05---------26.83
10;10---------22.72
10:12---------20.16
10:21---------19.37
10:24---------19.03
10:26---------18.37
10:28---------16.51
10:30---------13.22
10:36---------11.74
10:41---------10.41---------1931.75

10:43-------up 9.86
10:47----------8.12
10:48----------7.49
10:55----------6.51
10:57----------3.49
10:59----------0.91
11:00----------0.36--------1921.70

11:01----down 2.23---------1919.11 (day' low)
11:03---------1.78

The PSEi briefly moves into negative territory but manages to regain ground. It moves in a very narrow range in the next half-hour.

11:04------up 0.40
11:06---------2.60
11:08---------3.27
11:13---------0.72
11:14---------2.86
11:17---------1.20
11:18---------0.63
11:19---------2.52
11:23---------2.72---------1924.06 (+0.14%)

At this point:
Value turnover: PhP 541 mn
Cross transactions: PhP 126 mn

Advancers 26
Decliners 43
Unchanged 34

11:24-----up 2.91
11:31--------1.92
11:34--------3.58

The market moves a little higher.

11:35-----up 5.33
11:38--------3.88
11:42--------4.24
11:47--------5.70

The PSEi finishes strong.

11:54----up 6.10
11:56-------8.41----------1929.75
11:57------12.74
11:58------13.61
11:59------14.10
12:01------17.63----------1938.97 (+0.92%)
Market Close.

Value turnover: PhP 1.321 bn
Cross transactions: PhP 464 mn

Advancers 40
Decliners 39
Unchanged 40

Sectoral Indices.
Financial +1.85%
Property +1.85%
Services +0.78%
Industrial +0.13%
M-O -0.12%
Holdings -1.77%

The Day's Top Gainers:
I: PhP 5.00; +40.85%
CRC: PhP 3.90; +34.48%
MHC: PhP 0.165; +22.22%

The Day's Biggest Decliners:
BKD: PhP 1.12; -13.85%
GSMI: PhP 15.00; -11.76%
WPI: PhP 0.26; -10.34%

At mid-day:
Asian equities markets were mostly up. A couple were already lower after being up earlier.
The Philippine Peso PhP 48.513 vs US$ 1.00.