The Philippine Stock Market - November 20, 2008

Dow Jones Industrial Average (DJIA) Summary
Index Value: 7,997.28
Trade Time: Nov 19
Change: Down 427.47 (-5.07%)
Prev Close: 8,424.75
Open: 8,420.69
Day's Range: 7987.08 - 8504.64
52wk Range: 7,773.71 - 13,850.90

WallStreet suffers another huge drop on continuing concerns of the ailing automotive industry which could cost up to 3 million jobs. Ths Big 3 manufacturers are seeking a bailout plan for te industry. The DJIA broke below the 8000 level and closed near its low.

The big loss in WallSTreet again unnerves asian stock markets and the local equities market immediately opened lower. The Philippine Stock Exchange Index (PSEi) was not able to recover and once again fell below the 1900 level.

PSEi previous close - 1908.18 (November 19)

open 1860.52 (-47.66)
low 1833.69 (-74.49)
close 1842.33 (-65.85 or -3.45%)

Value turnover: PhP 1.384 bn
Cross transactions: PhP 303 mn
Block Sales: 2,780,500 PSE shs @ PhP 120 = PhP 333.660 mn
-------------10,000 TEL shs @ 2287.85 = PhP 38.893 mn

Advancers 12
Decliners 95
Unchanged 22

There was no index issue gainer.

Sectoral Indices.
M-O -4.73%
Industrial -3.97%
Property -3.80%
Services -3.51%
Holdings -2.81%
Financial -2.67%

The Day's Top Gainers:
DFN: PhP 500; +25.00%
ACR: PhP 0.31; +10.71%
HP: PhP 2.30; +9.52%

The Day's Biggest Decliners:
SUN: PhP 0.14; -36.36%
OMW2: PhP 0.0022; -26.67%
MVC: PhP 0.30; -25.00%

At mid-day:
Asian equities markets were down.
The Philippine Peso was at PhP 49.982 vs US$ 1.00.