The Philippine Stock Market - December 16, 2008

Dow Jones Industrial Average (DJIA) Summary
Index Value: 8,564.53
Trade Time: Dec 15
Change: Down 65.15 (-0.75%)
Prev Close: 8,629.68
Open: 8,628.81
Day's Range: 8469.03 - 8676.28

The local equities market tracked the decline in WallStreet. The Philippine Stock Exchange Index (PSEi) fell below the 1900 level.

PSEi previous close - 1913.26 (December 15)

time-----------down--------------PSEi
9:31------------0.30------------1912.96
9:43------------7.71
9:46-----------10.59
9:53-----------11.68
9:56-----------12.81-----------1900.45
10:02----------17.18-----------1896.08

The PSEi breaks below the 1900 level.

10:05---------14.86
10:07---------15.28
10:09---------14.86
10:15---------17.91-----------1895.35

After failing to bounce back and hurdle the 1900 level, the decline accelerates.

10:17---------18.33
10:21---------19.35
10:25---------21.06
10:29---------21.88
10:35---------26.18
10:38---------26.92
10:41---------27.44
10:46---------31.62
10:48---------35.91
10:54---------38.98-----------1874.28 (day's low)
11:01---------31.88
11:04---------29.96
11:13---------29.93
11:22---------26.04
11:26---------22.97
11:40---------26.61
11:51---------24.15
11:59---------22.87
12:01---------23.94------------1889.32 (-1.25%)
Market Close.

Value turnover: PhP 1.712 bn
Cross transactions: PhP 789 mn
------------------------this includes 170,000 shs of TEL @ PhP 2105 (PhP 357 mn)
Block Sale: 200,000 shs CHIB @ PhP 375 = PhP 75,000,000

Advancers 34
Decliners 43
Unchanged 36

Sectoral Indices.
Services -3.10%
M-O -1.53%
Property -0.47%
Financial -0.47%
Industrial +0.73%
Holdings +0.91%

The Day's Top Gainers:
UW: PhP 0.095; +46.15%
MED: PhP 0.155; +24.00%
MHC: PhP 0.16; +14.29%

The Day's Biggest Decliners:
FJP: Php 1.02; -36.25%
EIBA: PhP 0.15; -16.67%
BKD: PhP 1.06; -11.67%

At mid-day:
Asian equities markets were mixed.
The Philippine Peso was at PhP 47.395 vs US$ 1.00.