The Philippine Stock Market - January 8, 2009

Dow Jones Industrial Average (DJIA) Summary
Index Value: 8,769.70
Trade Time: Jan 7
Change: Down 245.40 (-2.72%)
Prev Close: 9,015.10
Open: 8,996.94
Day's Range: 8,719.92 - 8,996.94

The local equities market immediately dropped on back of the big decline overnight in WallStreet. The Philippine Stock Exchange Index (PSEi) fell below the 2000 level and gave back yesterday's gains.

PSEi previous close - 2003.89 (January 7)

time----------down-----------PSEi
9:31----------27.67---------1968.38 (day's high)
9:45----------35.51
9:56----------38.78
10:05---------40.91
10:23---------41.67
10:30---------45.07---------1958.82 (day's low)
10:35---------39.07
10:50---------38.48
11:02---------37.07
11:09---------35.17
11:11---------33.49---------1970.40
11:35---------35.34
11:52---------34.55
11:55---------33.50
11:58---------31.70
11:59---------28.27---------1975.62
12:01---------33.17---------1970.72 (-1.66%)
Market Close.

Advancers 24
Decliners 68
Unchanged 30

There was no index gainer for the day.

Value turnover: PhP 1.181 bn
Cross transactions: PhP 487 mn
Block Sales: 2,852,400 shs BDO @ PhP 33.00 = PhP 94.129 mn
---------------100,000 shs SM @ PhP 206.00 = PhP 20.600 mn

Sectoral Indices.
Holdings -2.97%
Financial -2.20%
Industrial -2.19%
Property -1.96%
M-O -1.76%
Services -0.40%

The Day's Top Gainers:
SUN: PhP 0.20; +33.33%
ATNB: PhP 6.50; +31.31%
T: PhP 3.30; +22.22%

The Day's Biggest Decliners:
EIBR: PhP 0.15; -34.78%
ICTV: PhP 1.22; -12.86%
CMT: PhP 0.29; -12.22%

At mid-day:
Asian equities markets were down.
The Philippine Peso was at PhP 46.797 vs US$ 1.00.



********The Philippines' Gross International Reserve (GIR) was at $US 37.1 bn at the end of 2008. It was up from US$ 36.8 bn in November 2008 and from US$ 33.8 bn at the end of 2007. Target was at US$ 36 bn.