The Philippine Stock Market - December 12, 2008

Dow Jones Industrial Average (DJIA) Summary
Index Value: 8,565.09
Trade Time: Dec 11
Change: Down 196.33 (-2.24%)
Prev Close: 8,761.42
Open: 8,750.13
Day's Range: 8512.76 - 8809.45

WallStreet drops nearly 200 points and the local equites market follows the trend. A sell-off in the last half hour of trading had the Philippine Stock Exchange Index (PSEi) break below the 1900 level and close at its low. The Dow Futures was down by around 300 points.

PSEi previous close - 1933.12 (December 11)

open: 1930.52 (-2.60)
close/low: 1893.74 (-39.38 or -2.04%)

Value turnover: PhP 1.817 bn
Cross transactions: PhP 745 mn

Advancers 18
Decliners 69
Unchanged 29

Sectoral Indices
Financial -4.92%
Holdings -3.70%
Property -3.22%
Industrial -1.97%
M-O -1.26%
Services -0.32%

The Day's Top Gainers:
PAL: PhP 3.00; +42.86%
APM: PhP 0.0060; +9.09%
OPM: PhP 0.0085; +6.25%

The Day's Biggest Decliners:
MFIN: PhP 2.00; -27.27%
LSC: PhP 1.06; -18.46%
ETEL: PhP 350.00; -17.65%

At mid-day:
Asian equities markets were down.
The Philippine Peso was at PhP 47.830 vs US$ 1.00.