The Philippine Stock Market - November 28, 2008

With WallStreet closed for Thanksgiving and giving no leads, and after having gone up more than 200 points (or more than 11% already) earlier this week, the local equities market closed flat ahead of the long weekend. The Philippine Stock Exchange Index (PSEi) traded within a very narrow 13 point range.

PSEi previous close - 1967.01 (November 27)

open: 1966.91 (-0.10)
low: 1962.87 (-4.14)
high: 1975.53 (+8.52)
close: 1971.57 (+4.56 or +0.23%)

Value turnover: 1.311 bn
Cross transactions: 379 mn

Block Sales: 389,335,295 shs PX @ PhP 7.92
----------------389,310,396 shs PX @ PhP 7.92
--------------------------------Total PhP 6.166 bn
The First Pacific Group completes its buying of 20% (treasury shares) of Philex Mining (PX).

Advancers 45
Decliners 36
Unchanged 50

Sectoral Indices.
M-O +6.16%
Property +0.44%
Services +0.11%
Holdings +0.06%
Financial -0.09%
Industrial -1.02%

The Day's Top Gainers:
FAF: PhP 0.50; +31.58%
ASIA: PhP 5.60; +16.67%
APX: PhP 1.30; +16.07%

The Day's Biggest Decliners:
APO: PhP 0.70; -23.91%
FED: PhP 2.50; -19.35%
DIZ: PhP 1.30; -15.58%

At mid-day:
Asian equities markets were mixed.
The Philippine Peso was at PhP 48.780 vs US$ 1.00.

PSE Memorandum 2008-0555
There will be no Trading on December 1, 2008 (Monday) in observance of Bonifacio Day per Proclamation No. 1463 issued on February 18, 2008.

*****Gasoline prices were cut by as much as PhP 5.00 per liter.