The Philippine Stock Market - November 11, 2008

Dow Jones Industrial Average (DJIA) Summary
Index Value: 8,870.54
Trade Time: Nov 10
Change: Down 73.27 (-0.82%)
Prev Close: 8,943.81
Open: 8,946.60
Day's Range: 8760.46 - 9159.58

WallStreet was down and so were the asian stock markets. The Philippine Stock Exchange Index (PSEi) also started weak. It however erased its losses and ended with slight gains.

PSEi previous close - 1938.97

open - 1935.69
low - 1920.07 (-18.90)
high - 1952.95 (+13.98)
close - 1948.22 (+9.25 or 0.48%)

Value turnover: 1.435 bn
Cross transactions: PhP 492 mn
Block Sale: 10000 shs TEL @ 2034.50 = PhP 20.345 mn

The market is currently consolidating below the 1900-2000 level.

Sectoral Indices.
Services +2.77%
Industrial +0.51%
M-O -0.40%
Holdings -0.46%
Financial -0.97%
Property -1.05%

The Day's Top Gainers:
GSMI: PhP 16.50; +10.00%
CEU: PhP 7.00; +9.37%
SLF: PhP 1100.00; +8.91%

The Day's Biggest Decliners:
PCKH: PhP 7.00; -29.29%
ATNB: PhP 4.00; -19.19%
T: PhP 2.55; -10.53%

At mid-day:
Asian equities markets were lower.
The Philippine Peso was at PhP 48.790 vs US$ 1.00.