The Philippine Stock Market - February 20, 2009

Dow Jones Industrial Average (DJIA) Summary
Index Value: 7,465.95
Trade Time: Feb 19
Change: Down 89.68 (-1.19%)
Prev Close: 7,555.63
Open: 7,555.23
Day's Range: 7,447.55 - 7,614.97

The Nov 21, 2008 low is being tested and investors are shaky if this will hold as a support or a breakdown will ensue.

The local equities market heads lower ahead of the weekend. The Philippine Stock Exchange Index (PSEi) ends still below the 1900 level.

PSEi previous close - 1899.80 (February 19)

time-----------down------------PSEi
9:31----------8.64-----------1891.16
10:00---------9.95
10:33--------14.82
11:22--------16.20
11:35--------19.52
11:52--------20.61-----------1879.19 (day's low)
12:01--------18.36-----------1881.44 (-0.97%)
Market Close.

Value turnover: PhP 1.820 bn
Cross transactions: PhP 575 mn
Block Sale: 7,000,000 shs ATNB @ PhP 5.60 = PhP 39.2 mn

Advancers 26
Decliners 62
Unchanged 34

Sectoral Indices.
Financial -1.38%
Property -1.25%
Industrial -1.09%
Holdings -0.79%
Services -0.79%
M-O -0.46%

The Day's Top Gainers:
FAF: PhP 0.52; +15.56%
ZHI: PhP 0.24; +6.67%
FED: PhP 0.24; +5.88%

The Day's Biggest Decliners:
ACR: PhP 0.205; -26.79%
APXB: PhP 3.55; -12.35%
AX: PhP 3.60; -11.11%

At mid-day:
Asian equities markets were down.
The Philippine Peso continues to weaken to PhP 48.121 vs US$ 1.00.