The Philippine Stock Market - March 11, 2009

Dow Jones Industrial Average (DJIA)Summary
Index Value: 6,926.49
Trade Time: March 10
Change: Up 379.44 (+5.80%)
Prev Close: 6,547.05
Open: 6,547.01
Day's Range: 6,546.61 - 6,926.49

WallStreet had a strong rebound and the DJIA closed at its high just below the 7000 level.

The local equites market opened strong. The Philippine Stock Exchange Index (PSEi) tests the 1900 level.

PSEi previous close - 1873.22 (March 10)

time-----------up------------PSEi
9:31----------28.49---------1901.71

The 1900 level is immediately challenged.

9:37----------34.85
9:46----------45.78
9:50----------50.72---------1923.94 (day's low)

10:01---------44.64
10:08---------40.93
10:19---------35.60

10:22---------40.06
10:27---------36.30

10:43---------38.84
11:15---------33.67
11:34---------27.60---------1900.82

The 1900 level is once again tested.

11:38---------25.95---------1899.17
11:48---------24.06
11:52---------21.77
11:59---------20.86---------1894.08
12:01---------28.20---------1901.42 (+1.51%)
Market Close.

Value turnover: PhP 2.457 bn
Cross transactions: Ph 661 mn
Block Sales: 70,000,000 shs PX @ PhP 5.80 = PhP 406 mn

Advancers 43
Decliners 33
Unchanged 42

Sectoral Indices:
M-O +2.84%
Financial +2.61%
Services +1.75%
Property +0.66%
Holdings +0.56%
Industrial +0.20%

The Day's Top Gainers:
ORE: PhP 0.40; +14.29%
PAX: PhP 0.49; +13.95%
SCC: PhP 24.75; +11.24%

The Day's Biggest Decliners:
ABB: PhP 3.70; -39.34%
ALCO: PhP 0.18; -21.74%
MHC: PhP 0.155; -13.89%

At mid-day:
Asian equities markets were mostly up.
The Philippine Peso was at PhP 48.197 vs US$ 1.00.