The Philippine Stock Market - November 24, 2008

The big advance in WallStreet boosts investor sentiment and the local equities market rises to go against the trend in the other asian stock markets. The Philippine Stock Exchange Index (PSEi) tests the 1800 level.

PSEi previous close - 1765.90 (November 21)

time---------up----------PSEi
9:31-------45.25-------1811.15

The PSEi immediately goes above the 1800 level.

9:34-------48.08
9:38-------48.28-------1814.18 (day's high)
9:45-------45.63
9:47-------41.28
9:47-------39.87
9:59-------40.99
10:18------37.47
10:20------34.80-------1800.70

The PSEi goes under the 1800 level once again and the market trades in a narrow range for the rest of the trading session.

10:28------30.40
10:35------29.73

10:43------30.91
10:52------27.62
10:55------25.79-------1791.69
11:00------29.18
11:11------29.85
11:22------27.48
11:33------30.11
11:37------32.37
11:42------32.53
11:48------33.71
11:51------34.99------1800.89
11:55------33.01
11:58------32.38
11:59------29.53
12:01------33.83------1799.72 (+1.92%)
Market Close.

Value turnover: PhP 1.151 bn
Cross transactions: PhP 355 mn

Advancers 49
Decliners 43
Unchanged 29

Sectoral Indices.
M-O +3.02%
Servces +3.01%
Property +1.67%
Holdings +0.54%
Financial +0.28%
Industrial +0.09%

The Day's Top Gainers:
BCB: PhP 9.50; +46.15%
WEB: PhP 0.027; +22.73%
BRN: PhP 3.00; +9.09%

The Day's Biggest Decliners:
ASIA: PhP 4.10; -19.61%
ACR: PhP 0.26; -16.13%
SGI: PhP 0.40; -11.11%

At mid-day:
Asian equities markets were down.
The Philippine Peso was at PhP 49.849 vs US$ 1.00.