The Philippine Stock Market - December 23, 2008

Dow Jones Industrial Average (DJIA) Summary
Index Value: 8,519.69
Trade Time: Dec 22
Change: Down 59.42 (-0.69%)
Prev Close: 8,579.11
Open: 8,573.37
Day's Range: 8372.02 - 8601.41

The local equities market had a modest uptick after yesterday's decline. The Philippine Stock Exchange Index (PSEi) closed near its high but with volume turnovet at less than PhP 1 bn.

PSEi previous close - 1840.94 (December 22)

time----------up-----------PSEi
9:31--------0.0-----------1840.94 (low)

The opening was marred by a halt in trading for a few minutes.

9:55-------15.77
9:57-------17.86
9:59--------8.27
11:00-------5.91
11:41-------7.38
11:53------19.68
11:58------22.66
11:59------24.99---------1865.93 (day's high)
12:01------21.25---------1862.19 (+1.15%)
Market Close.

Value turnover: PhP 864 mn
Cross transactions: PhP 382 mn
Block Sales: 20,500 shs TEL @ PhP 2000 = PhP 41 mn
----------------79,840,000 shs MMI @ 0.30 = PhP 30.339 mn
----------------3,750,000,010 shs PCOR @ PhP 6.85 = PhP 25.687 bn

Advancers 44
Decliners 47
Unchanged 39

Sectoral Indices:
Services +3.33%
Property +0.93%
Financial +0.60%
M-O -0.50%
Holdings -0.63%
Industrial -1.46%

The Day's Top Gainers:
ICTV: PhP 1.28; +43.82%
MED: PhP 0.15; +30.43%
ORE: PhP 0.44; +29.41%

The Day's Biggest Decliners:
DIZ: PhP 1.20; -14.29%
LND: PHP 0.22; -12.00%
EDC: PhP 1.86; -8.82%

At mid-day:
Asian equities markets were down.
The Philippine Peso was at PhP 47.530 vs US$ 1.00.