The Philippine Stock Market - December 24, 2008

Dow Jones Industrial Average (DJIA)
Index Value: 8,419.49
Trade Time: Dec 23
Change: Down 100.28 (-1.18%)
Prev Close: 8,519.77
Open: 8,518.65
Day's Range: 8391.30 - 8604.12

The local equities market ended the last trading day of 2008 with a whimper. The strong window dressing that was hoped for did not materialize (but was only observed in several smaller cap issues). The Philippine Stock Exchange Index (PSEi) moved from negative to positive territory but within a narrow 26 point range and with a value turnover of just a shade under PhP 1 bn.

PSEi previous close - 1862.19 (December 23)

open: 1858.54 (-3.65)
low: 1850.47 (-11.72)
high: 1876.44 (+14.25)
close: 1872.85 (+10.66 or +0.57%)

Value turnover: PhP 999 mn
Cross transactions: PhP 320 mn
Block Sale: 30,303,000 shs SPH @ PhP 3.30 = PhP 99,999,900

Advancers 62
Decliners 38
Unchanged 41

Sectoral Indices.
Financial +1.81%
INdustrial +0.85%
Holdings +0.82%
Property +0.22%
Services +0.20%
M-O +0.10%

The Day's Top Gainers:
PEP: PhP 0.72; +26.32%
UW: PhP 0.12; +26.32%
ABA: PhP 0.63; +26.00%

The Day's Biggest Decliners:
EIBA: PhP 0.15; -16.67%
MRC: PhP 0.10; -16.67%
CEI: PhP 0.029; -12.12%

At mid-day:
Asian equities markets were mixed.
The Philippine Peso was at PhP 47.685 vs US$ 1.00.



PSEi
Dec. 24 2008 (end 2008): 1872.85

Dec. 27, 2007 (end 2007): 3621.60
% change since then: -48.28%

Oct. 8, 2007 (all-time high): 3896.74
% change since then: -51.94%


DJIA
Dec. 23, 2008: 8419.49

Dec. 31, 2007 (end 2007): 13264.80
% change since then: -36.53%

Oct. 11, 2007 (all-time high): 14198.10
% change since then: -40.70%