The Philippine Stock Market - November 13, 2008

Dow Jones Industrial Average (DJIA) Summary
Index Value: 8,282.66
Trade Time: Nov 12
Change: Down 411.30 (-4.73%)
Prev Close: 8,693.96
Open: 8,684.52
Day's Range: 8265.29 - 8684.60

It was another down day in WallStreet and the DJIA closed near its low. The big drop had the local equities market fall together with the other asian stock markets. The Philippine Stock Exchange Index (PSEi) however continue to show resiliency as it limited its losses.

PSEi previous close - 1948.72 (November 12)

time----------down----------PSEi
9:31---------16.91---------1931.81
9:32---------18.85
9:33---------28.92
9:36---------32.99
9:37---------33.13
9:39---------36.36
9:40---------37.45--------1911.27 (day's high)

After the initial decline, the PSEi moves in a narrow range for the rest of the session.

9:42---------30.24
9:50---------30.00
9:53---------28.24
10:04--------31.07
10:07--------32.19
10:09--------30.73
10:14--------30.41
10:24--------27.77
10:40--------32.69
10:45--------35.95---------1912.77
10:53--------32.45
11:01--------29.76
11:06--------28.29
11:12--------30.78
11:19--------33.65
11:23--------35.11
11:31--------32.77
11:32--------29.42
11:36--------26.28
11:42--------30.97
11:59--------35.83
12:01--------29.75---------1918.97 (-1.53%)
Market Close.

Value turnover: PhP 1.432 bn
Cross transactions: PhP 465 mn

The Huge Block sale of CRC was made today at PhP 2.47.

Advancers 11
Decliners 73
Unchanged 45

Sectoral Indices.
Property -2.48%
M-O -2.25%
Holdings -2.09%
Financial -1.86%
Industrial -1.46%
Services -0.66%

The Day's Top Gainers:
PCKH: PhP 10.00; +42.86%
MUSX: PP 0.17; +13.33%
OM: PhP 0.0070; +7.69%

The Day's Biggest Decliners:
MPI: PhP 2.34; -16.43%
DIZ: PhP 1.60; -15.79%
FAF: PhP 0.41; -14.58%

At mid-day:
Asian equites markets were lower.
The Philippine Peso was at PhP 49.377 vs US$ 1.00.