The Philippine Stock Market - March 02, 2009

The local equities market remains in the doldrums The Philippine Stock Exchange (PSEi) tried to open higher but soon fell into negative territory. It then slowly declined and closed near its low. Net of the day's cross transactions, the net value turnover was just over PhP 600 mn.

PSEi previous close - 1872.22 (February 27)

time-----------change----------PSEi
9:31----------up 5.26---------1877.49 (day's high)

9:39-------down 2.87
9:57------------6.49
10:06-----------7.69
10:37----------11.12

10:53-----down 6.94
11:30----------5.58

11:43----down 11.67
11:49---------14.60
11:56---------15.82
11:58---------17.39----------1854.83 (day's low)
12:01---------15.39----------1856.43 (-0.84%)
Market Close.

Value turnover: PhP 1.390 bn
Cross transactions: PhP 754 mn

Sectoral Indices:
Financial -2.95%
Property -2.76%
M-O -1.50%
Holdings -0.34%
Industrial -0.15%
Services +0.19%

The Day's Top Gainers:
ETON: PhP 1.80; +20.00%
UW: PhP 0.070; +16.67%
FMIC: PhP 33.50; +15.52%

The Day's Biggest Decliners:
ROX: PhP 2.00; -16.67%
WIN: hP 0.14; -12.50%
SLF: PhP 710.00; -10.13%

At mid-day:
Asian equities markets were down.
The Philippine Peso was at PhP 49.056 vs US$ 1.00.