The Philippine Stock Market - November 25, 2008

Dow Jones Industrial Average (DJIA) Summary
Index Value: 8,443.39
Trade Time: Nov 24
Change: Up 396.97 (+4.93%)
Prev Close: 8,046.42
Open: 8,048.09
Day's Range: 8048.09 - 8599.02

WallStreet got a huge boost on the news of the bailout of Citigroup. It has now advanced almost 900 points in the past two trading sessions (Friday and Monday) as it got back its steep losses of around 870 points last Nov 19-20 (Wednesday and Thursday).

The local equities market again tracked the movement in WallStreet. The Philippine Stock Exchange Index (PSEi) however advanced more today than yesterday, as it tested the 1900 level after closing near its high and ending up by 108 points.

PSEi previous close - 1799.72 (November 24)

open - 1835.77 (+36.05)
high - 1911.84 (+112.12)
close - 1908.18 (+108.46 or + 6.03%)

Value turnover: PhP 1.905 bn
Cross transactions: PhP 615 mn
Block Sale: 20000 shs TEL @ PhP 2199.87 = PhP 43.997 mn

Advancers 77
Decliners 26
Unchanged 24

Sectoral Indices.
Services +6.17%
Financial +5.89%
Property +5.24%
Holdings +4.39%
Industrial +3.96%
M-O +3.85%

The Day's Top Gainers:
ION: PhP 0.40; +29.03%
MVC: PhP 0.38; +26.67%
ORE: PhP 0.50; +25.00%

The Day's Biggest Decliners:
ICTV: PhP 0.61; -39.00%
MED: PhP 0.185; -19.57%
MRC: PhP .125; -16.67%

At mid-day:
Asian equities markets were up.
The Philippine Peso was at PhP 49.609 vs US 1.00