The Philippine Stock Market - February 24, 2009

Dow Jones Industrial Average (DJIA)
Index Value: 7,114.78
Trade Time: Feb 23
Change: Down 250.89 (-3.41%)
Prev Close: 7,365.67
Open: 7,365.99
Day's Range: 7,105.94 - 7,441.02

WallStreet continues its drop from last Thursday and has now fallen around 440 points or 5.8% since then. The DJIA also fell below the Oct. 10, 2002 low of 7197.40. It is currently trading at levels last seen on Oct. 31, 1997 when it touched a low of 6933.

The local equites market was weighed down by the continues declines in WallStreet. The Philippine Stock Exchange (PSEi) did not fall as steeply but closed lower by more than 1.0%.

PSEi previous close - 1891.04 (February 23)

open: 1878.98 (-11.06)
low: 1865.33 (-25.71)
close: 1869.59 (-21.45 or -1.13%)

Value turnover: PhP 1.172 bn
Cross transactions: PhP 317 mn

Advancers 29
Decliners 44
Unchanged 42

Sectoral Indices:
Industrial -1.69%
Holdings -1.55%
Property -1.51%
Services -1.09%
Financial +0.22%
M-O +0.30%

The Day's Top Gainers:
EIBA: PhP 0.25; +25.00%
EIBB: PhP 0.25; +25.00%
AR: PhP 0.0036; +12.50%

The Day's Biggest Decliners:
MER: PhP 79.00; -10.73%
ATNB: PhP 4.30; -8.51%
LIHC: PhP 2.08; -7.96%

At mid-day:
Asian equites markets were almost all down.
The Philippine Peso was at PhP 48.233 vs PhP US$ 1.00.