The Philippine Stock Market - November 27, 2008

Dow Jones Industrial Average (DJIA) Summary
Index Value: 8,726.61
Trade Time: Nov 26
Change: Up 247.14 (+2.91%)
Prev Close: 8,479.47
Open: 8,464.49
Day's Range: 8311.17 - 8726.61

WallStreet climbed higher by almost 3% as the DJIA closed at its high ahead of the Thanksgiving break. It has now risen more than a thousand points in the last four trading sessions.

The local equities market continues its advance as sentiment in WallStreet spilled over. The Philippine Stock Exchange Index (PSEi) immediately opened higher and consolidated for the rest of the trading day as it tries to build a base at the 1900-1950 level.

The Philippine Economy expands to a 4.6% year on year growth in the 3rd Qtr of 2008. (The US on the other hand fell 0.5% in the same period).

PSEi previous close - 1932.91 (November 26)

open - 1970.82 (+37.91)
high - 1986.59 (+53.58)
close - 1967.01 (+34.10 or + 1.76%)

Value turnover: PhP 2.107 bn
Cross transactions: PhP 787 mn

Advancers 66
Decliners 21
Unchanged 43

Sectoral Indices.
Property +3.84%
Industrial +2.78%
Holdings +2.01%
M-O +1.25%
Financial +1.07%
Services +0.70%

The Day's Top Gainers:
FAF: PhP 0.38; +15.15%
ASIA: PhP 4.80; +14.29%
PA: PhP 0.085; +13.33%

The Day's Biggest Decliners:
LND: PhP 0.20; -13.04%
VITA: PhP 0.185; -11.90%
CYBR: PhP 0.21; -6.67%

At mid-day:
Asian equities markets were up with the exception of Thailand.
The Philippine Peso was at PhP 48.891 vs US$ 1.00.