The Philippine Stock Market - December 9, 2008

Dow Jones Industrial Average (DJIA)
Index Value: 8,934.18
Trade Time: Dec 8
Change: Up 298.76 (+3.46%)
Prev Close: 8,635.42
Open: 8,637.65
Day's Range: 8,637.49 - 9,026.41

The DJIA continues its strong rebound/advance. After touching a low of 8118.50 just the previous trading day (Friday - December 5), it reached a high of 9026.41 before ending just below 9000.

The local equities market was also up with the rise in WallStreet. The Philippine Stock Exchange Index (PSEi) partially close the chart gap at the 1962-1918 levels left open last Nov 28-Dec 3.

PSEi previous close - 1908.68

open: 1931.48 (+22.80)
high: 1952.62 (+43.94)
close: 1935.07 (+26.39 or +1.38%)

Value turnover: PhP 1.902 bn
Cross transactions: PhP 881 mn

Advancers 53
Decliners 31
Unchanged 43

Sectoral Indices.
Holdings +2.26%
M-O +2.08%
Property +1.95%
Industrial +1.80%
Services +0.78%
Financial +0.59%

The Day's Top Gainers:
RFM: PhP 0.27; +35.00%
PIP: PhP 0.79; +19.70%
PCOR: PhP 5.70; +18.75%

The Day's Biggest Decliners:
FAF: PhP 0.40; -20.00%
IS: PhP 0.037; -13.95%
HLCM: PhP 1.86; -11.43%

Asian equities markets were mostly up.
The Philippine Peso was at PhP 48.400 vs US$ 1.00.