The Philippine Stock Market - March 18, 2009

Dow Jones Industrial Average (DJIA) Summary
Index Value: 7,395.70
Trade Time: Mar 17
Change: 178.73 (2.48%)
Prev Close: 7,216.97
Open: 7,218.00
Day's Range: 7,172.05 - 7,396.81

The local equites market traded with a positive bias as WallStreet had huge gains and The DJIA closed near its high. The Philippine Stock Exchange Index (PSEi) advanced moderately as the selloff in TEL seems to have tapered off and bargain hunters stepped in (together with the company Share Buyback Program).

PSEi previous close - 1759.33 (March 17)

time---------up----------PSEi
9:31--------21.92-------1781.25
9:37--------26.78-------1786.11 (day's high)
9:45--------21.88

10:15-------25.07
10:25-------17.29
11:09-------17.07
11:27-------15.41
11:31-------14.94
11:37-------14.04
11:44-------12.10

11:47-------16.73
11:51-------13.25
11:57-------12.13
12:01-------10.95------1770.28 (+0.62%)
Market Close.

Value turnover: PhP 2.105 bn
Cross transactions: PhP 934 mn
Block Sale: 25,000 shs TE @ PhP 1906.56 = PhP 47.664 mn

Advancers 45
Decliners 37
Unchanged 39

Sectoral Indices.
Property +1.34%
Services +0.89%
Industrial +0.34%
Holdings +0.13%
M-O +0.10%
Financial +0.07%

The Day's Tp Gainers:
ETON: PhP 1.80; +50.00%
LR: PhP 0.90; +23.29%
PAX: PhP 0.54; +12.50%

The Day's Biggest Decliners:
PBC: PhP 25.00; -10.71%
LSC: PhP 1.00; -9.09%
FLI: PhP 0.33; -5.71%

At mid-day:
Asian equities markets were mostly higher.
The Philippine Peso was at PhP 48.459 vs US$ 1.00.