The Philippine Stock Market - February 02, 2009

The local equities market remained uneventful as investors are cautious. The Philippine Stock Exchange Index (PSEi) moved in a very narrow range.

PSEi previous close - 1825.09 (January 30)

time-----------change------------PSEi
9:31----------up 15.66---------1840.75 (day's high)

The market immediately opens sharply as TEL opens at PhP 2135 (from a previous close of PhP 2080) with a single trade.

9:32--------down 2.68----------1822.41 (day's low)

TEL next trades at PhP 2080 and the market touched its day's low. The market then turned lethargic.

9:33-------down 0.79
9:35---------up 4.94
10:26-----------1.60
10:47-----------2.31
11:07-----------6.10
11:32-----------7.32
11:47-----------3.41
12:01-----------8.48----------1833.57 (+0.46%)
Market Close.

Value turnover: PhP 834 mn

Advancers 38
Decliners 25
Unchanged 41

Sectoral Indices.
Property +1.99%
Services +0.80%
M-O +0.52%
Industrial +0.20%
Holdings -0.50%
Financial -0.76%

The Day's Top Gainers:
FED: PhP 7.00; +12.90%
ATNB: PhP 5.30; +12.77%
EIBA: PhP 0.155; +10.71%

The Day's Biggest Decliners:
CRC: PhP 1.60; -37.25%
FPI: PhP 0.10; -25.93%
VITA: PhP 0.145; -14.71%

At mid-day:
Asian equities markets were mostly down.
The Philippine Peso was at PhP 47.598 vs US$ 1.00.