The Philippine Stock Market - December 2, 2008

Dow Jones Industrial Average (DJIA)
Index Value: 8,149.09
Trade Time: Dec 1
Change: Down 679.95 (-7.70%)
Prev Close: 8,829.04
Open: 8,826.89
Day's Range: 8141.36 - 8827.05

WallStreet started the month of December with a huge correction from last week's gains. It closed near its low at just above the 8100 level.

The local equities market resumed trading after the long weekend weighed down by a heavy sell down in WallStreet. The Philippine Stock Exchange Index (PSEi) also corrected and gave back almost half of its gains the previous week. It too, closed near its low and was below the 1900 level.

PSEi previous close 1971.57 (November 28)

open: 1918.06 (-53.51)
low: 1875.23 (-96.34)
close: 1879.87 (-91.70 or -4.65%)

Value turnover: PhP 1.032 bn
Cross transactions: PhP 292 mn

Advancers 17
Decliners 86
Unchanged 21

The Day's Only Index Gainer:
ICT: PhOP 15.75; +1.61%

The Day's Top Gainers:
OMW2: PhP 0.0040; +81.82%
ROX: PhP 3.00; +30.43%
PWR: PhP 0.16; +23.08%

The Day's Biggest Decliners:
CRC: PhP 2.90; -25.64%
ORE: PhP 0.51; -23.88%
APO: PhP 0.60; -14.29%

At mid-day:
Asian equities markets were lower
The Philippine Peso was at PhP 49.464 vs US$ 1.00.