The Philippine Stock Market - November 14, 2008

Dow Jones Industrial Average (DJIA) Summary
Index Value: 8,835.25
Trade Time: Nov 13
Change: Up 552.59 (+6.67%)
Prev Close: 8,282.66
Open: 8,281.14
Day's Range: 7965.42 - 8876.59

WallStreet was weak in the early part of the trading day and even broke below the 8000 level. However, a strong recovery in the afternoon session had the DJIA close near its high. The rebound was a swing of around 900 points.

The local equities market responded positively to this huge rise in WallStreet. The Philippine Stock Exchange Index (PSEi) rose more than 3.0% for the day.

PSEi previous close - 1918.97 (November 13)

time----------up-----------PSEi
9:31--------51.98--------1970.95
9:35--------55.74
9:37--------58.96
9:39--------59.74
9:46--------60.00
9:47--------62.46
9:48--------63.44
9:50--------64.88
9:53--------66.55-------1985.52

After the market's early rise, the PSEi moved in a narrow range for the rest of the trading session.

9:57--------63.18
10:04-------59.60
10:09-------59.17
10:14-------58.39-------1977.36
10:16-------63.25
10:22-------65.86
10:28-------63.73
10:31-------67.35
10:44-------70.74
10:45-------71.29-------1990.26 (day's high)

The market lacked the momentum to test the 2000 level.

10:48-------69.85
10:51-------68.23
10:52-------66.79
10:54-------64.38
10:56-------63.99

11:00-------65.50
11:01-------67.23--------1986.20 (+3.50%)
11:03-------68.31
11:16-------66.33
11:25-------69.65
11:37-------67.68
11:40-------66.00
11:46-------63.75
11:48-------62.49
11:49-------61.33
11:54-------59.27
11:57-------58.19
11:58-------57.93--------1976.90
12:01-------59.08--------1978.05 (+3.08%)
Market Close.

Value turnover: PhP 1.373 bn
Cross transactions: PhP 451 mn
Block Sale: 10000 shs TEL @ 2106.55 = PhP 21.065 mn

Advancers 49
Decliners 26
Unchanged 47

Sectoral Indices.
Services +5.37%
Property +2.04%
Holdings +1.59%
Industrial +1.56%
Financial +0.06%
M-O -1.02%

The Day's Top Gainers:
BKD: PhP 1.26; +12.50%
APM: PhP 0.0060; +9.09%
IS: PhP 0.045; +7.14%

The Day's Biggest Decliners:
BCB: PhP 10.00; -28.57%
UNI: PhP 0.10; -23.08%
ORE: PhP 0.41; -10.87%

At mid-day:
Asian equities markets were higher.
The Philippine Peso was at PhP 49.306 vs US$ 1.00.