The Philippine Stock Market - January 28, 2009

Dow Jones Industrial Average (DJIA) Summary
Index Value: 8,174.73
Trade Time: Jan 27
Change: Up 58.70 (+0.72%)
Prev Close: 8,116.03
Open: 8,117.39
Day's Range: 8,083.14 - 8,225.79

WallStreet continues to post slight to moderate gains the past days even if bad news about lay-offs, poor earnings and all-time low consumer confidence have been filtering to the market. The DJIA has so far held above the 8000 level.

The local equities market continue to consolidate with low volumes. The Philippine Stock Exchange Index (PSEi) moved within a narrow 20-point range.

PSEi previous close - 1880.81 (January 27)

open: 1883.77 (+2.96)
high: 1886.45 (+5.64)
low: 1866.83 (-13.98)
close: 1869.56 (-11.25 or -0.60%)

Value turnover: PhP 993 mn
Cross transactions: PhP 454 mn

Advancers 30
Decliners 50
Unchanged 48

Sectoral Indices.
Services -1.05%
M-O -0.61%
Industrial -0.54%
Property -0.37%
Holdings -0.16%
Financial +0.26%

The Day's Only Index Issue Gainers:
VLL: PhP 1.02; +2.00%
MBT: PhP 24.25; +1.04%

The Day's Top Gainers:
FED: PhP 4.50; +50.00%
PO: PhP 3.00; +15.38%
FAF: PhP 0.50; +11.11%

The Day's Biggest Decliners:
ABB: PhP 6.10; -39.00%
MRC: PhP 0.125; -16.67%
MED: PhP 0.17; -12.82%

At mid-day:
Some asian equities markets remain closed but most of the ones that were open were higher.
The Philippine Peso was at PhP 46.948 vs US$ 1.00.