The Philippine Stock Market - February 10, 2009

Dow Jones Industrial Average (DJIA)
Index Value: 8,270.87
Trade Time: Feb 9
Change: Down 9.72 (-0.12%)
Prev Close: 8,280.59
Open: 8,281.38
Day's Range: 8196.24 - 8315.07

The DJIA closed little changed after moving in and out of negative territory and within a 120-point trading range.
The local equities market on the other hand was up upon the opening bell but then immediately went on a steadiy decline. The continous drop never allowed the Philippine Stock Exchange Index (PSEi) to recover intra-day and it even closed near its low.

PSEi previous close - 1951.46 (February 9)

open / high: 1951.85 (+0.39)
low: 1916.69 (-34.77)
close: 1917.57 (-33.89 or -1.74%)

Value turnover: PhP 1.820 bn
Cross transactions: PhP 1.033 bn

Advancers 25
Decliners 54
Unchanged 43

Sectoral Indices.
Property -2.37%
Holdings -2.31%
Services -2.12%
Financial -1.40%
M-O -0.89%
Industrial +0.53%

The Day's Top Gainers:
MII: PhP 1.80; +50.00%
PMPC: PhP 6.00; +42.86%
WPI: PhP 0.22; +18.92%

The Day's Biggest Decliners:
ABA: PhP 0.40; -33.33%
VUL: PhP 0.65; -18.75%
FMIC: PhP 28.00; -15.15%

At mid-day:
Asian equities markets were mixed.
The Philippine Peso was at PhP 47.108 vs US$ 1.00.