The Philippine Stock Market - January 29, 2009

Dow Jones Industrial Average (DJIA) Summary
Index Value: 8,375.45
Trade Time: Jan 28
Change: Up 200.72 (+2.46%)
Prev Close: 8,174.73
Open: 8,175.93
Day's Range: 8,175.93 - 8,405.87

The local equities market opened strong on back of the 2.5% advance in WallStreet. The Philippine Stock Exchange Index (PSEi) touched its high within the first 15 minutes of trade but heavy selling on several key issues abruptly cut the rally. The market then headed lower and even ended near its low.

PSEi previous close - 1869.56 (January 28)

open: 1880.64 (+11.09)
high: 1890.91 (+21.35)
low: 1856.64 (-12.92)
close: 1860.69 (-8.87 or -0.47%)

Value turnover: PhP 1.072 bn
Cross transactions: PhP 466 mn

Advancers 25
Decliners 52
Unchanged 43

Sectoral Indices.
Property -2.46%
M-O -1.00%
Industrial -0.72%
Holdings -0.67%
Financial -0.31%
Services +0.39%

The Day's Top Gainers:
FED: PhP 6.70; +48.89%
SPC: PhP 2.50; +13.64%
APM: PhP 0.0060; +9.09%

The Day's Biggest Decliners:
PMPC: PhP 4.20; -40.00%
PRIM: PhP 0.30; -16.67%
HLCM: PhP 2.00; -13.04%

At mid-day:
Most asian equities markets (led by the HongKong HangSeng Index which was up by around 700 points) were higher.
The Philippine Peso was at PhP 47.033 vs US$ 1.00.