The Philippine Stock Market - January 6, 2009

Dow Jones Industrial Average (DJIA) Summary
Index Value: 8,952.89
Trade Time: Jan 5
Change: Down 81.80 (-0.91%)
Prev Close: 9,034.69
Open: 9,027.13
Day's Range: 8892.36 - 9034.37

The Philippine Stock Market corrected from yesterday's big advance. The Philipiine Stock Exchange Index (PSEi) traded in a narrow range and stayed within sight of the key 2000 level.

PSEi previous close - 1974.69 (January 5)

time----------change----------PSEi
9:31--------up 1.36----------1976.05

9:32------down 4.17
9:35-----------1.99

9:36--------up 0.90
9:37-----------2.23
9:41----------10.26----------1984.95 (day's high)
9:58-----------4.53
10:03----------2.92
10:17----------4.27
10:37----------8.62
10:39----------9.06
10:42----------4.52
11:03----------0.32----------1975.01

11:11-----down 0.48

The market moves back into negative territory and stays there until the end of the trading session.

11:15-----down 4.61
11:27----------6.64
11:31----------7.76
11:56----------8.48---------1966.21 (day's low)
11:59----------6.71
12:01----------5.11---------1969.58 (-0.26%)
Market Close.

Advancers 51
Decliners 33
Unchanged 37

Value turnover: PhP 1.696 bn
Cross transactions: PhP 559 mn
Block Sales: 1,680,000 shs PBC @ 33.00 = PhP 55.466 mn
---------------100,000,000 shs TUNA @ PhP 1.60 = PhP 160 mn
---------------499,000 shs BDO @ 33.00 = PhP 16.467 mn

Sectoral Indices:
Financial -0.85%
Services -0.57%
Holdings -0.43%
Property -0.29%
Industrial +1.23%
M-O + 2.57%

The Day's Top Gainers:
EIBA: PhP 0.17; +21.43%
UPM: PhP 0.0036; +20.00%
MRC: PhP 0.12; +20.00%

The Day's Biggest Decliners:
MAC: PhP 3.45; -8.00%
IS: PhP 0.039; -7.14%
AMC: PhP 3.70; -6.33%

At mid-day:
Asian equities markets were mostly a little up.
The Philippine Peso was stronger at PhP 47.095 vs US$ 1.00.