The Philippine Stock Market - February 11, 2009

Dow Jones Industrial Average (DJIA) Summary
Index Value: 7,888.88
Trade Time: Feb 10
Change: Down 381.99 (-4.62%)
Prev Close: 8,270.87
Open: 8,269.36
Day's Range: 7,848.74 - 8,269.44

WallStreet drops steeply as details of the economic stimulus plan are still unclear. The DJIA broke well below the 8000 level.

The local equities market also was down from the opening bell. Philippine Exports also showed a decline of 40% in December. The Philippine Stock Exchange Index (PSEi) however managed to recover about half of its losses by the end of the trading day.

PSEi previous close - 1917.57 (February 10)

time----------down------------PSEi
9:31-----------18.01---------1899.56

The 1900 level was immediately broken.

9:36-----------21.34
9:40-----------24.76
9:45-----------40.19

PLDT opened its trading at PhP 2110, a big drop from its previous close of PhP 2210.

9:55-----------43.79
10:00----------43.94---------1873.63 (day's low)
10:19----------41.36
10:29----------37.08
10:45----------32.12
10:54----------28.69

11:02----------26.73
11:05----------24.32
11:20----------21.65

11:37----------24.30
11:4-----------21.26
12:01----------19.82----------1897.75 (-1.03%)
Market Close.

Value turnover: PhP 2.082 bn
Cross transactions: PhP 1.039 bn
Block Sale: 5,000,000 shs ALI @ PhP 6.40 = PhP 32mn

Advancers 25
Decliners 48
Unchanged 59

Sectoral Indices.
Services -1.96%
Property -1.22%
Financial -0.57%
M-O -0.20%
Industrial -0.19%
Holdings -0.06%

The Day's Top Gainers:
FMIC: PhP 32.50; +16.07%
MII: PhP 2.00; +11.11%
ANS: PhP 2.40; +9.09%

The Day's Biggest Decliners:
CPV: PhP 1.02; -19.05%
MAC: PhP 3.10; -11.43%
APM: PhP 0.0055; -8.33%

At mid-day:
Asian equities markets were down.
The Philippine Peso was at PhP 47.032 vs US$ 1.00.