The Philippine Stock Market - March 12, 2009

Dow Jones Industrial Average (DJIA) Summary
Index Value: 6,930.40
Trade Time: March 11
Change: Up 3.91 (+0.06%)
Prev Close: 6,926.49
Open: 6,923.13
Day's Range: 6,867.55 - 7,015.06

WallStreet closed little changed after a roller-coaster ride.

The local equites market traded with a negative bias. The Philippine Stock Exchange Index (PSEi) fell below the 1900 level once again and closed near its low.

PSEi previous close - 1901.42

time----------change----------PSEi
9:31--------down 0.24--------1901.18
9:32----------up 1.67
9:34-------------3.73
9:37-------------0.75
9:38-------------5.76--------1907.18 (day's high)
9:44-------------0.88
9:45--------down 2.75

The market heads lower into negative territory.

9:57--------down 4.77
10:04------------7.24
10:15------------9.42--------1892.00

10:23-------down 5.02
10:27------------2.05
10:33------------0.28--------1901.14

The PSEi tries to scale the 1900 level.

10:35---------up 1.32--------1902.50
10:38-------down 4.09--------1897.33

The market again falls and fails to hold at the 1900 level. The decline increases.

10:43-------down 7.88
10:52-----------13.94
11:10-----------20.51
11:17-----------22.45

11:27------down 17.02
11:43-----------20.48
11:46-----------23.70
11:54-----------24.55--------1876.87 (day's low)
12:01-----------21.75--------1879.67 (-1.14%)
Market Close.

Value turnover: PhP 1.244 bn
Cross transactions: PhP 356 mn

Advancers 25
Decliners 51
Unchanged 47

Sectoral Indices.
Property -3.23%
Financial -1.77%
Industrial -0.98%
Holdings -0.91%
Services -0.37%
M-O +1.24%

The Day's Top Gainers:
PEP: PhP 0.69; +11.29%
LND: PhP 0.175; +9.37%
FEU: PhP 760.00; +8.57%

The Day's Biggest Decliners:
ETON: PhP 1.20; -33.33%
APM: PhP 0.0060; -14.29%
ORE: PhP 0.36; -10.00%

At mid-day:
Asian equities markets were mostly down.
The Philippine Peso was at PhP 48.356 vs US$ 1.00.