The Philippine Stock Market - January 15, 2009

Dow Jones Industrial Average (DJIA) Summary
Index Value: 8,200.14
Trade Time: Jan 14
Change: Down 248.42 (-2.94%)
Prev Close: 8,448.56
Open: 8,446.01
Day's Range: 8140.72 - 8446.25

WallStreet immediately fell on the opening bell as renewed worries on the banking stocks (and the Financials sector in general) unnerved investors. The DJIA closed lower by almost 3% as dissappointing earnings and poor retail sales figures dragged down sentiment further. The DJIA is now down almost 9% since last week (Jan. 7).

The local equities market also opened immediately down. By the close of the trading day, the Philippine Stock Exchange Index (PSEi) dropped by 1.5%. The key 2000 index level remains a target resistance.

PSEi previous close - 1984.92 (January 14)

open / high: 1965.22 (-19.70)
low: 1939.86 (-45.06)
close: 1954.97 (-29.95 or -1.51%)

Advancers 17
Decliners 70
Unchanged 30

Value turnover: PhP 1.144 bn
Cross transactions: PhP 427 mn

Sectoral Indices:
Holdings -2.53%
Industrial -2.15%
M-O -2.14%
Financial -1.35%
Services -0.97%
Property -0.68%

The Day's Top Gainers:
MVC: PhP 0.65; +10.17%
LND: PhP 0.25; +8.70%
MB: PhP 0.47; +6.82%

The Day's Biggest Decliners:
CEU: PhP 5.50; -16.67%
SGI: PhP 0.30; -14.29%
VITA: PhP 0.15; -11.76%

At mid-day:
Asian equities markets were down.
The Philippine Peso was at PhP 47.390 vs US$ 1.00.