The Philippine Stock Market - January 14, 2009

Dow Jones Industrial Average (DJIA) Summary
Index Value: 8,448.56
Trade Time: Jan 13
Change: Down 25.41 (-0.30%)
Prev Close: 8,473.97
Open: 8,474.61
Day's Range: 8,376.88 - 8,522.08

With WallStreet unable to mount an anticipated rebound, the local equities market continued to consolidate. The Philippine Stock Exchange Index (PSEi) again traded in a narrow range just below the key 2000 index level.

PSEi previous close - 1996.04 (January 13)

open: 1995.12 (-0.92)
high: 1998.59 (+2.55)
low: 1980.57 (-15.47)
close: 1984.92 (-11.12 or -0.56%)

Advancers 18
Decliners 70
Unchanged 36

Value turnover: PhP 1.105 bn
Cross transactions: PhP 527 mn

Sectoral Indices:
M-O -3.43%
Property -1.93%
Industrial -0.82%
Financial -0.40%
Holdings -0.18%
Services +0.17%

The Day's Top Gainers:
BKD: PhP 1.29; +16.36%
PWR: PhP 0.22; +15.79%
PEP: PhP 0.83; +12.16%

The Day's Biggest Decliners:
CAC: PhP 1.68; -37.78%
OPMB: PhP 0.0085; -10.53%
LIHC: PhP 3.60; -8.86%

At mid-day:
Asian equities markets were mostly up.
ThePhilippine Peso was at PhP 41.187 vs US$ 1.00.


*******The Philippines' exports earnings fell 11.9% to $ 3.494bn las Nov (2008), the lowest level in 34 months as the global economic crisis affected orders.