Thursday, April 30, 2009

The Philippine Stock Market - April 30, 2009

Dow Jones Industrial Average (DJIA) Summary
Index Value: 8,185.73
Trade Time: April 29
Change: Up 168.78 (+2.11%)
Prev Close: 8,016.95
Open: 8,018.31
Day's Range: 8,017.91 - 8,257.57

WallStreet traded higher as investor confidence try to firm up and the DJIA ended well above the 8000 level.

The local equities market got a big boost and ended the month on a high note. The Philippine Stock Exchange Index (PSEi) opened higher, consolidated its gains and ended near its high above the 2100 level.

PSEi previous close - 2061.05 (April 29)

open: 2086.15 (+25.10)
high: 2106.85 (+45.80)
close: 2103.50 (+42.45 or +2.06%)

Value turnover: PhP 2.450 bn
Cross transactions: PhP 982 mn
Block Sales: 204,755 shs ETEL @ PhP 438.183 = PhP 89.720 mn
----------------237,335 shs SM @ PhP 236.69 = PhP 56.175 mn
----------------2,964,249,721 SMB shs =@ PhP 8.84 = PhP 26.206 bn

Advancers 67
Decliners 28
Unchanged 48

Sectoral Indices.
Financial +3.02%
Property +2.66%
Industrial +1.85%
Holdings +1.60%
Services +1.19%
M-O +0.38%

The Day's Top Gainers:
IRCB: PhP 0.90; +20.00%
EURO: PhP 1.98; +12.50%
HP: PhP 3.00; +9.09%

The Day's Biggest Decliners:
PAL: PhP 2.55; -15.00%
BSC: PhP 0.13; -13.33%
UNI: PhP 0.07; -12.50%

At mid-day:
Asian equities markets were mostly up.
The Philippine Peso was at PhP 48.418 vs US$ 1.00.


CLOSING PRICES OF SELECT STOCKS (as of April 30, 2009):
ABA: PhP 0.95
ALI: PhP 6.40
DGTL: PhP 1.08
EDC: PhP 3.60
EIBA: PHP 0.21
FLI: PhP 0.57
GEO: PhP 0.43
GOB: PhP 0.17
JOH: PhP 1.00
LOTO: PhP 9.30
MEG: PhP 0.70
MPI: PhP 3.25
MUSX: PhP 0.0825
PAX: PhP 0.80
PX: PhP 5.40
SPH: PhP 2.90
SUN: PhP 0.26
TA: PhP 0.87
UW: PhP 0.75
WEB: PhP 0.045

Wednesday, April 29, 2009

The Philippine Stock Market - April 29, 2009

Dow Jones Industrial Average (DJIA) Summary
Index Value: 8,016.95
Trade Time: April 28
Change: Down 8.05 (-0.10%)
Prev Close: 8,025.00
Open: 8,023.56
Day's Range: 7,938.98 - 8,091.66

WallStreet traded in a range at around the 8000 level. The DJIA was able to hold its ground with minimal losses despite reports that Citibank and Bank of America needed more capital.

The local equities market did not have any leads to follow and the Philippine Stock Exchange Index (PSEi) moved in a very narrow range. Trading volumes remained lethargic though select secondliner property stocks (MEG and FLI) enjoyed brisk trade.

PSEi previous close - 2063.50 (April 28)

open: 2059.52 (-3.98)
low: 2057,67 (-5.83)
high: 2070.74 (+7.24)
close: 2061.05 (-2.45 or -0.12%)

Value turnover: PhP 1.691 bn
Cross transactions: PhP 526 mn

Advancers 42
Decliners 33
Unchanged 49

Sectoral Indices.
Services -0.85%
M-O -0.11%
Financial +0.01%
Industrial +0.12%
Property +0.66%
Holdings +0.86%

The Day's Top Gainers:
IRC: PhP 0.65; +47.73%
ION: PhP 1.42; +42.00%
MFIN: PhP 1.72; +40.98%

The Day's Biggest Decliners:
OM: PhP 0.0080; -11.11%
BHI: PhP 0.11; -8.33%
BKD: PhP 1.02; -7.27%

At mid-day:
Asian equities markets were mostly up.
The Philippine Peso was at PhP 48.724 vs US$ 1.00.


CLOSING PRICES OF SELECT STOCKS (as of April 29, 2009):
ABA: PhP 0.96
ALI: PhP 6.10
DGTL: PhP 1.06
EDC: PhP 3.40
EIBA: PHP 0.21
FLI: PhP 0.54
GEO: PhP 0.43
GOB: PhP 0.17
JOH: PhP 1.00
LOTO: PhP 9.20
MEG: PhP 0.70
MPI: PhP 3.30
MUSX: PhP 0.085
PAX: PhP 0.79
PX: PhP 5.40
SPH: PhP 2.85
SUN: PhP 0.26
TA: PhP 0.87
UW: PhP 0.08
WEB: PhP 0.045

Tuesday, April 28, 2009

The Philippine Stock Market - April 28, 2009

Dow Jones Industrial Average (DJIA) Summary
Index Value: 8,025.00
Trade Time: Apri 27
Change: Down 51.29 (-0.64%)
Prev Close: 8,076.29
Open: 8,073.82
Day's Range: 7,987.16 - 8,122.56

WallStreet fell because of the Swine-flu scare but the DJIA closed off its low and ended still above the 8000 level.

The local equities market followed the lead and the Philipine Stock Exchange Index (PSEi) declined by 1.00% and closed near its low.

PSEi previous close - 2085.63 (April 27)

time----------down-----------PSEi
9:31----------8.08----------2077.55
9:33----------8.63

9:35----------5.38
9:42---------11.50
9:44---------13.10
9:53---------13.95
9:56---------14.39
10:01--------15.98
10:04--------16.22
10:06--------17.09

10:07--------14.12
10:15--------13.28
10:16--------15.99
10:19--------17.25
10:23--------17.36
10:26--------17.60

10:33--------17.60
10:38--------16.29
10:41--------18.61
10:42--------20.57
10:43--------22.19
10:51--------22.54
10:54--------25.20----------2060.33

11:03--------22.96
11:11--------20.29

11:25--------23.75
11:28--------24.49
11:35--------24.78
11:38--------25.12
11:42--------26.49
11:44--------27.02
11:56--------27.85---------2057.58 (day's low)
11:59--------25.28
12:01--------22.13---------2063.50 (-1.06%)
Market Close.

If the market drop continues, the immediate target is the April 15, 2009 low at 2015. Next Support level is seen at the Chart gap left open (April 2-3, 2009) at 1996.50-2008.64

Value turnover: PhP 1.598 bn
Cross transactions: PhP 831 mn

Advancers 27
Decliners 74
Unchanged 46

Sectoral Indices.
M-O -3.27%
Property -3.11%
Industrial -1.35%
Holdings -1.21%
Financial -0.54%
Services -0.08%

The Day's Top Gainers:
BHI: PhP 0.12; +20.00%
ION: PhP 1.00; +19.05%
SHNG: PhP 1.30; +8.33%

The Day's Biggest Decliners:
ALCO: PhP 0.18; -18.18%
LR: PhP 0.99; -17.50%
WPI: PhP 0.20; -16.67%

At mid-day:
Asian equities markets were mostly lower.
The Philippine Peso was at PhP 48.851 vs US$ 1.00.


CLOSING PRICES OF SELECT STOCKS (as of April 28, 2009):
ABA: PhP 0.96
ALI: PhP 6.20
DGTL: PhP 1.08
EDC: PhP 3.35
EIBA: PHP 0.21
FLI: PhP 0.49
GEO: PhP 0.42
GOB: PhP 0.17
JOH: PhP 1.00
LOTO: PhP 9.20
MEG: PhP 0.67
MPI: PhP 3.30
MUSX: PhP 0.0875
PAX: PhP 0.80
PX: PhP 5.40
SPH: PhP 2.85
SUN: PhP 0.20
TA: PhP 0.87
UW: PhP 0.07
WEB: PhP 0.045

Monday, April 27, 2009

The Philippine Stock Market - April 27, 2009

The local equities market opened higher as it followed the rise in WallStreet last Friday. The Philippine Stock Exchange Index (PSEi) touched a new six-month high very early in the trading session, but the market soon gave in to a correction. The decline continued and as the mood reversed, the PSEi closed near its low.

PSEi previous close - 2103.63 (April 24)

time---------change--------PSEi
9:31-------up 14.21-------2117.84
9:32----------18.27-------2121.90

The Oct.21, 2008 high of 2122.96 was tested. This proves to be the current resistance level.

9:34-------up 13.72
9:35----------11.15

9:43-------up 16.31
9:50----------13.19
9:57----------11.62
10:01---------10.11
10:10----------9.14
10:11----------8.28
10:12----------7.44
10:13----------6.90
10:15----------6.13
10:18----------1.16
10:19----------0.24

10:20-----down 1.01

The market moves into negative territory.

10:21-----down 5.31-------2098.32

The PSEi goes below the 2100 level.

10:22-----down 7.40
10:25----------7.82

10:33-----down 5.57
10:47----------7.71
10:50----------9.85
10:56---------10.29-------2093.34

11:02----down 8.08
11:07--------10.92
11:18--------11.76

11:25----down 7.46
11:31--------12.02
11:40--------13.73
11:44--------14.69
11:48--------15.71
11:49--------19.69-------2083.94 (Day's low)
11:56--------17.74
12:01--------18.00-------2085.63 (-0.86%)
Market Close.

Value turnover: PhP 1.824 bn
Cross transactions: PhP 302 mn
Block Sale: 44,000,000 RLC shs @ PhP 5.70 = PhP 228.80 mn

Advancers 28
Decliners 58
Unchanged 41

Sectoral Indices were lower across-the-board.
Industrial -2.56%
Property -1.04%
Holdings -0.66%
M-O -0.58%
Financial -0.37%
Services -0.23%

The Day's Top Gainers:
ROX: PhP 3.00; +25.0%
ION: PhP 0.84; +20.00%
CA: PhP 50.00; +11.11%

The Day's Biggest Decliners:
UW: PhP 0.08; -23.81%
SFI: PhP 0.15; -21.05%
SLI: PhP 0.61; -17.57%

At mid-day:
Asian equities markets were mixed.
The Philippine Peso was at PhP 48.445 vs US$ 1.00.


CLOSING PRICES OF SELECT STOCKS (as of April 27, 2009):
ABA: PhP 0.96
ALI: PhP 6.40
DGTL: PhP 1.08
EDC: PhP 3.40
EIBA: PHP 0.21
FLI: PhP 0.51
GEO: PhP 0.43
GOB: PhP 0.17
JOH: PhP 1.00
LOTO: PhP 9.20
MEG: PhP 0.68
MPI: PhP 3.30
MUSX: PhP 0.0875
PAX: PhP 0.79
PX: PhP 5.70
SPH: PhP 2.85
SUN: PhP 0.20
TA: PhP 0.87
UW: PhP 0.08
WEB: PhP 0.045

Friday, April 24, 2009

Trading in WallStreet - April 24, 2009

Dow Jones Industrial Average (DJIA) Summary
Index Value: 8,076.29
Trade Time: April 24
Change: Up 119.23 (+1.50%)
Prev Close: 7,957.06
Open: 7,957.45
Day's Range: 7,957.45 - 8,127.50

The Philippine Stock Market - April 24, 2009

Dow Jones Industrial Average (DJIA) Summary
Index Value: 7,957.06
Trade Time: April 23
Change: Up 70.49 (+0.89%)
Prev Close: 7,886.57
Open: 7,886.81
Day's Range: 7,804.21 - 7,979.44

WallStreet recovered its losses from the previous day and the DJIA again comes within range of the 8000 level.

The local equities market ends the week on a high note. The Philippine Stock Exchange Index (PSEi) closes near its high above the 2100 level.

PSEi previous close - 2068.30

time---------up-----------PSEi
9:31--------9.35--------2077.65
9:41-------18.34
9:42-------24.36

9:53-------20.37
9:58-------19.96

10:06------23.01
10:15------26.98
10:23------28.64
10:25------30.70
10:50------31.14
10:56------33.68
11:01------34.74--------2103.04

The PSEi tests the 2100 level and the market hovers around this level in the last hour of trading.

11:05------30.72
11:16------28.98

11:37------37.21
11:42------37.26-------2105.56 (day's high)

11:53------33.23
11:56------30.22
11:59------34.67
11:59------37.14
12:01------35.33-------2103.63 (+1.71%)
Market Close.

Value turnover: PhP 2.487 bn
Cross transactions: PhP 937 m

The market got a boost from MER as it the Energy Regulatory Board (EDC) approved its rate-translation under Performance-Based Regulation (PBR). From PhP 93.00 yesterday, It rose to PhP 104.00.
Property Stocks also enjoyed brisk trading and also buoyed up the market.

Advancers 62
Decliners 31
Unchanged 40

Sectoral Indices:
Industrial +3.51%
Property +2.84%
Holdings +1.88%
Services +0.76%
Financial +0.41%
M-O -0.17%

The Day's Top Gainers:
VVT: PhP 6.00; +50.00%
KPH: PhP 1.92; +26.32%
CMT: PhP 0.39; +14.71%

The Day's Biggest Decliners:
MVC: PhP 0.40; -33.33%
IRC: PhP 0.48; -29.41%
MED: PhP 0.14; -12.50%

At mid-day:
Asian equities markets were mostly up.
The Philippine Peso was at PhP 48.569 vs US$ 1.00.


CLOSING PRICES OF SELECT STOCKS (as of April 24, 2009):
ABA: PhP 0.97
ALI: PhP 6.40
DGTL: PhP 1.10
EDC: PhP 3.50
EIBA: PHP 0.225
FLI: PhP 0.50
GEO: PhP 0.44
GOB: PhP 0.17
JOH: PhP 1.00
LOTO: PhP 9.50
MEG: PhP 0.67
MPI: PhP 3.35
MUSX: PhP 0.09
PAX: PhP 0.80
PX: PhP 5.80
SPH: PhP 2.85
SUN: PhP 0.20
TA: PhP 0.87
UW: PhP 0.105
WEB: PhP 0.045

Thursday, April 23, 2009

The Philippine Stock Market - April 23, 2009

Dow Jones Industrial Average (DJIA) Summary
Index Value: 7,886.57
Trade Time: April 22
Change: Down 82.99 (-1.04%)
Prev Close: 7,969.56
Open: 7,964.78
Day's Range: 7,868.01 - 8,044.83

With WallStreet declining and the DJIA closing near its low, the local equities market traded with a downward bias. The Philippine Stock Exchange Index (PSEi) moved within a narrow range.

The 1st Quarter Philippine Budget Deficit is at PhP 119.70 bn. The January to March shortfall is already 60% of the PhP 199.20 bn ceiling set for 2009. For March, the deficit reached PhP 52.6 bn; 186% higher than the same period last year.

The revenue for the 1st Qtr reached PhP 235.4 bn; 7.2% lower than last year. Infrastructure Spending rose by 73.5%.


PSEi previous close - 2073.31 (April 22)

open: 2070.31 (-3.00)
high: 2074.61 (+1.30)
low: 2058,19 (-15.12)
close: 2068.30 (-5.01 or -0.24%)

Value turnover: PhP 1.504 bn
Cross transactions: PhP 764 mn

Advancers 28
Decliners 54
Unchanged 50

Sectoral Indices:
M-O -1.36%
Industrial -1.09%
Financial -0.79%
Proeprty +0.06%
Holdings +0.07%
Services +0.24%

The Day's Top Gainers:
PWR: PhP 0.17; +47.83%
JTH: PhP 1.50; +25.00%
PIP: PhP 1.08; +13.68%

The Day's Biggest Decliners:
MRC: PhP 0.15; -21.05%
BKD: PhP 1.02; -15.00%
CHTR: PhP 20.00; -9.09%

At mid-day:
Asian equities markets were mostly up.
The Philippine Peso was at PhP 48.884 vs US$ 1.00.



CLOSING PRICES OF SELECT STOCKS (as of April 23, 2009):
ABA: PhP 0.97
ALI: PhP 6.20
DGTL: PhP 1.06
EDC: PhP 3.45
EIBA: PHP 0.225
FLI: PhP 0.46
GEO: PhP 0.44
GOB: PhP 0.17
JOH: PhP 1.00
LOTO: PhP 9.50
MEG: PhP 0.63
MPI: PhP 3.25
MUSX: PhP 0.09
PAX: PhP 0.79
PX: PhP 5.80
SPH: PhP 2.75
SUN: PhP 0.20
TA: PhP 0.87
UW: PhP 0.105
WEB: PhP 0.044

Wednesday, April 22, 2009

The Philippine Stock Market - April 22, 2009

Dow Jones Industrial Average (DJIA) Summary
Index Value: 7,969.56
Trade Time: April 21
Change: Up 127.83 (+1.63%)
Prev Close: 7,841.73
Open: 7,841.73
Day's Range: 7,791.95 - 7,979.20

WallStreet bounced back after the previous day's drop and a weak opening, as the US Secretary of Treasury says that most US banks have adequate capital. The DJIA closed near its high and is once again just below the 8000 level.

The local equities market got a boost as it traded with an upward bias. After the initial rise. the Philippine Stock Exchange Index (PSEi) consolidated its gains and closed near its high

PSEi previous close - 2049.40 (April 21)

time---------up----------PSEi
9:31--------7.54--------2056.94
9:34-------11.51
9:40-------14.71
9:41-------17.59
9:42-------19.60
10:01------20.98--------2070.38

The market moves sideways for the rest of the trading session.

10;12------17.79
10:28------20.74
10:34------23.82
10:59------23.22
11:05------24.26--------2073.66
11:16------20.94
11:34------22.04
11:50------23.15
11:54------26.04--------2075.44 (day's high)

11:57------21.54
11:58------19.39
11:59------24.01
12:01------23.91-------2073.31 (+1.16%)
Market Close.

Value turnover: PhP 1.743 bn
Cross transactions: PhP 627 mn

Advancers 70
Decliners 33
Unchanged 33

Sectoral Indices.
Holdings +3.08%
Property +2.18%
Financial +1.45%
Industrial +1.23%
M-O +1.06%
Services -0.08%

The Day's Top Gainers:
JTH: PhP 1.20; +33.33%
FJP: PhP 1.00; +31.58%
RCM: PhP 1.40; +25.00%

The Day's Biggest Decliners:
MHC: PhP 0.21; -14.29%
UW: PhP 0.10; -13.04%
MED: PhP 0.16; -11.11%

At mid-day:
Asian equities markets were mostly lower.
The Philippine Peso was at PhP 48.493 vs US$ 1.00.



CLOSING PRICES OF SELECT STOCKS (as of April 22, 2009):
ABA: PhP 0.97
ALI: PhP 6.20
DGTL: PhP 1.06
EDC: PhP 3.55
EIBA: PHP 0.225
FLI: PhP 0.47
GEO: PhP 0.44
GOB: PhP 0.17
JOH: PhP 1.00
LOTO: PhP 9.50
MEG: PhP 0.65
MPI: PhP 3.30
MUSX: PhP 0.09
PAX: PhP 0.81
PX: PhP 5.90
SPH: PhP 2.75
SUN: PhP 0.20
TA: PhP 0.87
UW: PhP 0.10
WEB: PhP 0.045

Tuesday, April 21, 2009

The Philippine Stock Market - April 21, 2009

WallStreet plunged overnight by nearly 300 points. The Dow Jones Industrial Average (DJIA) fell by 289.60 points to end at 7841.73; after going above 8100 last Friday, (its highest level since Feb. 10, 2009).

The local equities market followed the declines after going above the 2100 level yesterday. The Philippine Stock Exchange Index (PSEi) last reached this level on October 22, 2008.

PSEi previous close - 2086.72 (April 20)


time----------down------------PSEi
9:31---------24.38-----------2062.04

The PSEi has left a chart gap open at 2064-2077, last April 16-17. This would remain open as today's drop at the start of the trading session also leaves another gap.

9:35---------27.59
9:36---------30.29

9:41---------25.67
9:45---------30.67
9:52---------35.68
9:55---------39.50
9:59---------42.78----------2043.94

The PSEi tries to close a second chart gap at 2031-2043 left open last April 15-16.

10:02-------44.87
10:15-------44.70
10:22-------46.65-----------2040.07

10:35-------43.35
10:45-------47.67
10:47-------49.06
10:52-------49.71
10:55-------50.35----------2036.37 (day's low)

11:00-------44.50
11:06-------41.18

11:30-------44.11
11:45-------39.15
11:57-------37.68
12:01-------37.32----------2049.40 (-1.79%)
Market Close.

Value turnover: PhP 1.611 bn
Cross transactions: PhP 471 mn

Advancers 11
Decliners 85
Unchanged 33

Sectoral Indices fell across-the-board:
Financial -3.11%
M-O -2.70%
Holdings -2.22%
Industrial -1.70%
Property -1.65%
Services -0.83%

There was no index issue gainer.

The Day's Top Gainers:
DFNN: PhP 7.30; +10.61%
CRC: PhP 3.70; +10.34%
SMDC: PhP 2.80; +9.80%

The Day's Biggest Decliners:
SUN: PhP 0.20; -25.93%
PRC: PhP 2.30; -17.86%
VITA: PhP 0.125; -16.67%

At mid-day:
Asian equities markets were lower.
The Philippine Peso was at PhP 48.352 vs US$ 1.00.


CLOSING PRICES OF SELECT STOCKS (as of April 21, 2009):
ABA: PhP 0.96
ALI: PhP 6.00
DGTL: PhP 1.02
EDC: PhP 3.45
EIBA: PHP 0.22
FLI: PhP 0.45
GEO: PhP 0.45
GOB: PhP 0.17
JOH: PhP 1.00
LOTO: PhP 9.20
MEG: PhP 0.65
MPI: PhP 3.25
MUSX: PhP 0.0875
PAX: PhP 0.82
PX: PhP 5.80
SPH: PhP 2.80
SUN: PhP 0.20
TA: PhP 0.90
UW: PhP 0.115
WEB: PhP 0.044

Monday, April 20, 2009

The Philippine Stock Market - April 20, 2009

The local equities market was flat today and traded in a narrow 20-point range. The Philippine Stock Exchange Index (PSEi) again tested the 2100 level.

PSEi previous close - 2094.13 (April 17)

open: 2094.66 (+0.53)
high: 2103.56 (+9.43)
low: 2083.20 (-10.93)
close: 2086.72 (-7.41 or -0.35%)

Value turnover: PhP 1.780 bn
Cross transactions: PhP 616 mn

Advancers 39
Decliners 59
Unchanged 38

Sectoral Indices:
Financial -2.02%
M-O -1.10%
Property -0.22%
Industrial -0.17%
Holdings +0.40%
Services +0.46%

The Day's Top Gainers:
ARA: PhP 0.27; +38.46%
DFNN: PhP 6.60; +29.41%
SFI: PhP 0.19; +26.67%
UW: PhP 0.115; +21.05%

The Day's Biggest Decliners:
PWR: PhP 0.115; -39.47%
CHTR: PhP 22.00; -18.52%
MFC: PhP 220.00; -17.33%
DIZ: PhP 2.00; -9.09%

At mid-day:
Asian equities markets were mostly higher.
The Philippine Peso was at PhP 48.061 vs US$ 1.00



CLOSING PRICES OF SELECT STOCKS (as of April 20, 2009):
ABA: PhP 0.96
ALI: PhP 6.10
DGTL: PhP 1.06
EDC: PhP 3.50
EIBA: PHP 0.22
FLI: PhP 0.46
GEO: PhP 0.46
GOB: PhP 0.17
JOH: PhP 1.00
LOTO: PhP 9.30
MEG: PhP 0.70
MPI: PhP 3.40
MUSX: PhP 0.0925
PAX: PhP 0.85
PX: PhP 5.90
SPH: PhP 3.00
SUN: PhP 0.27
TA: PhP 0.90
UW: PhP 0.115
WEB: PhP 0.045

Friday, April 17, 2009

Trading in WallStreet - April 17, 2009

Dow Jones Industrial Average (DJIA) Summary
Index Value: 8,131.33
Trade Time: April 17
Change: Up 5.90 (+0.07%)
Prev Close: 8,125.43
Open: 8,125.43
Day's Range: 8,086.88 - 8,190.66

The Philippine Stock Market - April 17, 2009

Dow Jones Industrial Average (DJIA) Summary
Index Value: 8,125.43
Trade Time: April 16
Change: Up 95.81 (+1.19%)
Prev Close: 8,029.62
Open: 8,029.14
Day's Range: 7,962.71 - 8,168.12

WallStreet held above the 8000 level and again rose more than 1.00%.
The local equities market also continued its advance. As the Bangko Sentral ng Pilipinas (BSP) cut interest rates by 25 basis points, investors took notice of the Property Stocks. The Philippine Stock Exchange Index (PSEi) is currently testing the 2100 level.

PSEi previous close - 2064.66 (April 16)

time----------up-----------PSEi
9:31--------16.61--------2081.27
9:36--------17.45

9:39--------13.88
9:49--------14.91
9:51--------25.51
9:52--------31.00

10:05-------30.06
10:09-------31.72
10:20-------33.05
10:25-------33.78
10:30-------34.89

10:44-------31.99
10:56-------33.78
11:08-------34.88
11:13-------36.00--------2100.06 (day's high)

The 2100 level is tested.

11:36-------31.42
11:51-------34.50
11:57-------31.13
11:58-------30.23
12:01-------29.47--------2094.13 (+1.43%)
Market Close.

Value turnover: PhP 3.811 bn
Cross transactions: PhP 1.638 bn
Block Sales:PhP 2,700,000 shs BDO @ PhP 28.50 = PhP 76.95 mn

Advancers 99
Decliners 16
Unchanged 30

Sectoral Indices:
Property +4.09%
Financial +2.99%
M-O +2.20%
Industrial +2.06%
Holdings +1.99%
Services -0.30%

The Day's Top Gainers:
UNI: PhP 0.08; +33.33%
OMW2: PhP 0.0055; +30.95%
OPM: PhP 0.012; +20.00%

The Day's Biggest Decliners:
WIN: PhP 0.13; -7.14%
BSC: PhP 0.125; -3.85%
PCOR: PhP 5.70; -3.39%

At mid-day:
Asian equities markets were mostly higher.
The Philippine Peso was at PhP 47.731 vs US$ 1.00.


CLOSING PRICES OF SELECT STOCKS (as of April 17, 2009):
ABA: PhP 0.97
ALI: PhP 6.20
DGTL: PhP 1.06
EDC: PhP 3.60
EIBA: PHP 0.22
FLI: PhP 0.47
GEO: PhP 0.46
GOB: PhP 0.17
JOH: PhP 1.00
LOTO: PhP 9.30
MEG: PhP 0.68
MPI: PhP 3.40
MUSX: PhP 0.0925
PAX: PhP 0.90
PX: PhP 5.90
SPH: PhP 2.90
SUN: PhP 0.27
TA: PhP 0.90
UW: PhP 0.095
WEB: PhP 0.045

Thursday, April 16, 2009

The Philippine Stock Market - April 16, 2009

The Dow Jones Industrial Average (DJIA) advanced 109.44 pts (+1.38%) overnight to end at 8029.62.
The big rise in WallStreet spilled over the local equities market which immediately opened higher. The Philippine Stock Exchange Index (PSEi)was able to hold on to its gains throughout the session and closed near its high.

PSEi previous close - 2022.49 (April 15)

time----------up-----------PSEi
9:31---------21.43-------2034.92
9:35---------39.58-------2062.07

After the initial surge, the market pulls back a little.

9:55---------36.85
10:02--------34.28
10:13--------31.62
10:19--------28.95
10:22--------27.47
10:27--------24.84
10:36--------23.58
10:44--------22.67-------2045.16

The market consolidates its gains for the next hour or so.

10:50--------29.79
10:52--------32.30
10:54--------27.43
11:10--------30.82
11:18--------26.15
11:24--------29.38
11:33--------31.18
11;40--------33.13
11:48--------32.09

A strong finishing kick had the market end near its high.

11:54--------34.56
11:55--------37.49
11:59--------42.32-------2064.81 (day's high)
12:01--------42.17-------2064.66 (+2.09%)
Market Close.

Value turnover: PhP 2.639 bn
Cross tranactions: PhP 854 mn
Block Sales: 100,660 shs AC @ PhP 212.00
----------------485,000 shs AC @ PhP 213.00
---------------------------------------PhP 124.644 mn

Advancers 85
Decliners 24
Unchanged 29

Sectoral Indices advanced across-the-board.
Financial +4.79%
Property +2.88%
Holdings +2.18%
Industrial +2.02%
M-O +1.79%
Services +0.66%

The Day's Top Gainers:
UW: PhP 0.095; +35.71%
FPI: PhP 0.10; +25.00%
MED: PhP 0.18; +20.00%

The Day's Biggest Decliners:
PRIM: PhP 0.20; -39.39%
ANS: PhP 2.38; -20.67%
IRCB: PhP 0.60; -20.00%

At mid-day:
Asian equities markets were mostly up.
The Philippine Peso was at PhP 47.658 vs US$ 1.00.


CLOSING PRICES OF SELECT STOCKS (as of April 16, 2009):
ABA: PhP 0.94
ALI: PhP 6.00
DGTL: PhP 1.06
EDC: PhP 3.55
EIBA: PHP 0.22
FLI: PhP 0.43
GEO: PhP 0.47
GOB: PhP 0.17
JOH: PhP 1.00
LOTO: PhP 9.20
MEG: PhP 0.64
MPI: PhP 3.30
MUSX: PhP 0.0925
PAX: PhP 0.90
PX: PhP 5.80
SPH: PhP 2.70
SUN: PhP 0.26
TA: PhP 0.86
UW: PhP 0.095
WEB: PhP 0.045

Wednesday, April 15, 2009

The Philippine Stock Market - April 15, 2009

Dow Jones Industrial Average (DJIA) Summary
Index Value: 7,920.18
Trade Time: Apr 14
Change: Down 137.63 (-1.71%)
Prev Close: 8,057.81
Open: 8,057.41
Day's Range: 7,902.26 - 8,057.41

WallStreet fell on news that US Retail Sales for March fell unexpectedly as jobs evaporate.

*****The DJIA is still within striking distance of the 8000 level. A technical analyst sees that the current US rally still has legs to continue; as charts indicate that the S&P (now at 840) just broke above its 80 day moving average (m.a.) and may target its 100 day m.a. at around 1000. Another analyst sees the S&P at 1100 by year-end. The current rally though is still a bear-market rally and we may still see pullbacks.

The local equities market again traded lower. The big drop in the DJIA had the Philippine Stock Exchange Index (PSEi) test the 2000 level.

******The PSEi was among the leaders in the asean region as it rose more than 6% in the 1st quarter of 2009. Investor confidence can be sustained if the key 2000 level proves to be a strong support.

PSEi previous close - 2037.09 (April 14)

time----------down-----------PSEi
9:31----------5.95---------2031.14
9:37----------9.09
9:43---------13.05
9:57---------15.98
10:12--------19.14---------2017.95

10:18--------13.50
10:35--------10.69
10:41--------15.09

10:43--------11.50
10:46--------12.75
10:58--------14.30
11:03--------15.66
11:23--------16.71
11:30--------18.28
11:44--------18.79
11:46--------20.22
11:52--------21.86--------2015.23 (day's low)
12:01--------14.60--------2022.49 (-0.72%)
Market Close.

Value turnover: PhP 1.926 bn
Cross transactions: PhP 780 mn

Advancers 50
Decliners 32
Unchanged 51

The 2000 level is still holding and the broader market was even higher; as Advancers outnumbered Decliners for the day.

Sectoral Indices:
Services -1.66%
Industrial -1.64%
M-O -0.55%
Financial -0.17%
Holdings +0.69%
Property +1.99%

The Day's Top Gainers:
BCB: PhP 4.50; +38.10%
AAA: PhP 0.18; +20.00%
VUL: PhP 0.78; +11.43%

The Day's Biggest Decliners:
SCC: PhP 24.00; -18.64% (ex-date for cash div of PhP 6.00)
OMW2: PhP 0.0050; -16.67%
ICTV: PhP 1.00; -16.67%
OM: PHP 0.01; -9.09%

At mid-day:
Asian equities markets were mostly down.
The Philippine Peso was at PhP 47.856 vs US$ 1.00.


CLOSING PRICES OF SELECT STOCKS (as of April 15, 2009):
ABA: PhP 0.93
ALI: PhP 5.80
DGTL: PhP 1.04
EDC: PhP 3.30
EIBA: PHP 0.22
FLI: PhP 0.40
GEO: PhP 0.46
GOB: PhP 0.17
JOH: PhP 1.00
LOTO: PhP 9.10
MEG: PhP 0.61
MPI: PhP 3.25
MUSX: PhP 0.09
PAX: PhP 0.89
PX: PhP 5.80
SPH: PhP 2.70
SUN: PhP 0.26
TA: PhP 0.85
UW: PhP 0.07
WEB: PhP 0.046





From part of an article in the Internet: DOW JONES and the S&P

Indexes are not interchangeable. Identical moves by component stocks can produce different results in two indexes -- even if they track the same market or market segment -- depending on how those stocks are measured and weighted. An investor who doesn't bother to understand these methodological differences is setting himself up for an unpleasant surprise sooner or later.

The Dow is, in effect, a concentrated portfolio. The S&P 500 is much broader, though not nearly as broad as some other benchmarks such as the Dow Jones U.S. Total Stock Market Index, which includes every listed stock in the United States. Both approaches are valid in that they achieve industry diversification, but sometimes the concentrated style will do better than the broad method, and sometimes vice versa. Choosing one or the other is a matter of personal preference, but don't expect to come out on top all the time.

Be aware of the smaller-stock factor in the S&P 500. This index, like the Dow, is commonly thought of as being composed of "big" companies (notwithstanding what has happened to some of those stocks lately). But the S&P 500 contains (as of March 31) 272 stocks classified as midcaps or small-caps by Dow Jones Indexes, with market caps ranging down below $500 million. So, even though the big stocks dominate the S&P 500's movements, the smaller stocks can act as headwinds (as in 2008) or tailwinds to impede or enhance overall performance.

John Prestbo is editor and executive director of Dow Jones Indexes, a unit of Dow Jones & Co., Inc., publisher of MarketWatch. Scott Lang contributed research to this report.

Tuesday, April 14, 2009

The Philippine Stock Market - April 14, 2009

Dow Jones Industrial Average (DJIA) Summary
Index Value: 8,057.81
Trade Time: April 13
Change: Down 25.57 (-0.32%)
Prev Close: 8,083.38
Open: 8,082.02
Day's Range: 7,963.75 - 8,113.41

WallStreet traded within a 150-point range at the 8000 level. After being down by around 120 points at one point, the DJIA recovered to limit its losses.

The local equities market traded with a downward bias. The Philippine Stock Exchange Index (PSEi) traded in a narrow range and ended with minimal losses.

PSEi previous close - 2043.20 (April 14)

time---------down----------PSEi
9:31---------0.63---------2042.57
9:37---------2.35
9:39---------7.88
9:44---------9.17
9:53--------15.08
9:55--------18.07---------2025.13

10:06-------16.15
10:12-------18.06
10:14-------18.88---------2024.32 (day's low)

The market slowly recovers.

10:21-------14.01
10:31-------13.92
10:38-------13.33
10:43-------11.95
10:46-------10.41
11:03-------10:19
11:09--------7.24
11:10--------4.99
11:24--------4.91
11:27--------4.75
11:33--------3.46--------2039.74

The PSEi moves sideways in the last part of the trading session.

11:40--------7.14
11:53--------8.69
11:56--------6.01
12:01--------6.11-------2037.09 (-0.30%)
Market Close.

Value turnover: PhP 1.857 bn
Cross transactions: PhP 822 mn

Advancers 52
Decliners 36
Unchanged 39

Sectoral Indices:
Services -1.18%
Industrial -0.61%
Property +0.22%
Holdings +0.86%
Financial +1.05%
M-O +1.52%

The Day's Top Gainers:
BCB: PhP 10.50; +50.00%
ANS: PhP 3.00; +25.00
ICTV: PhP 1.20; +20.00%

The Day's Biggest Decliners:
UW: PhP 0.07; -12.50%
DFNN: PhP 4.25; -9.57%
UPM: PhP 0.0050; -9.09%

At mid-day:
Asian equities markets were mostly up.
The Philippine Peso was at PhP 47.787 vs US$ 1.00.


CLOSING PRICES OF SELECT STOCKS (as of April 14, 2009):
ABA: PhP 0.92
ALI: PhP 5.60
DGTL: PhP 1.04
EDC: PhP 3.55
EIBA: PHP 0.22
FLI: PhP 0.40
GEO: PhP 0.44
GOB: PhP 0.17
JOH: PhP 1.00
LOTO: PhP 9.10
MEG: PhP 0.59
MPI: PhP 3.30
MUSX: PhP 0.09
PAX: PhP 0.89
PX: PhP 5.80
SPH: PhP 2.70
SUN: PhP 0.26
TA: PhP 0.85
UW: PhP 0.07
WEB: PhP 0.046

Monday, April 13, 2009

The Philippine Stock Market - April 13, 2009

The local equities market started strong to catch up with last surge in WallStreet. The Philippine Stock Exchange Index (PSEi) even tested the 2100 level. A sudden reversal after the initial advance however; had investors scrambling to sell down and this brought about a needed correction. The market ended near it's low.

PSei previous close - 2072.81 (April 8)

time--------change-----------PSEi
9:31------up 10.22---------2083.03
9:33---------12.03
9:36---------18.82
9:37---------21.82
9:43---------23.72
9:46---------24.92--------2097.73 (day's high)
9:51---------19.67
10:02--------12.20
10:10---------9.07

Selling pressure has engulfed the market and the PSEi heads lower.

10:21----down 3.05
10:35---------6.89
10:38---------9.98
10:47--------11.83
10:50--------15.32
10:51--------17.11-------2055.70

11:01---down 13.53
11:13--------17.49
11:20--------18.77
11:21--------24.66
11:25--------29.56
11:34--------31.22

11:45---down 29.98
11:51--------31.93
11:53--------33.14-------2039.67 (day's low)
12:01--------29.61-------2043.20 (-1.43%)
Market Close.

Value turnover: PhP 2.641 bn
Cross transactions: PhP 899 mn

Advancers 43
Decliners 43
Unchanged 41

Sectoral Indices.
Industrial -4.31%
Property -1.80%
Holdings -0.58%
Services +0.12%
Financial +0.35%
M-O +0.93%

The Day's Top Gainers:
PSE: PhP 295; +28.26%
POPI: PhP 0.19; +26.67%
MFC: PhP 750.00; +25.00%

The Day's Biggest Decliners:
EDC: PhP 3.80; -14.61%
WIN: PhP 0.12; -14.29%
MHC: PhP 0.16; -11.11%

At mid-day:
Asian equites markets were mostly up.
The Philippine Peso was at PhP 47.840 vs US$ 1.00.



CLOSING PRICES OF SELECT STOCKS (as of April 13, 2009):
ABA: PhP 0.92
ALI: PhP 5.70
DGTL: PhP 1.06
EIBA: PHP 0.215
FLI: PhP 0.41
GEO: PhP 0.43
GOB: PhP 0.17
JOH: PhP 1.00
LOTO: PhP 9.30
MEG: PhP 0.59
MPI: PhP 3.30
MUSX: PhP 0.0925
PAX: PhP 0.86
PX: PhP 5.80
SPH: PhP 2.80
SUN: PhP 0.26
TA: PhP 0.86
UW: PhP 0.08
WEB: PhP 0.045

Friday, April 10, 2009

Trading in WallStreet - April 9, 2009

Dow Jones Industrial Average (DJIA) Summary
Index Value: 8,083.38
Trade Time: April 9
Change: Up 246.27 (+3.14%)
Prev Close: 7,837.11
Open: 7,839.89
Day's Range: 7,839.89 - 8,087.28

WallStreet had a strong advance as banking stocks rallied on news that Wells Fargo expects a record quarterly profit ($3 bn). The DJIA broke well above the 8000 level.

Thursday, April 9, 2009

Trading in WallStreet - April 8, 2009

Dow Jones Industrial Average (DJIA) Summary
Index Value: 7,837.11
Trade Time: April 8
Change: Up 47.55 (+0.61%)
Prev Close: 7,789.56
Open: 7,788.68
Day's Range: 7,750.85 - 7,887.52

Wednesday, April 8, 2009

The Philippine Stock Market - April 8, 2009

Dow Jones Industrial Average (DJIA) Summary
Index Value: 7,789.56
Trade Time: April 7
Change: Down 186.29 (-2.34%)
Prev Close: 7,975.85
Open: 7,968.92
Day's Range: 7,762.08 - 7,969.08

WallStreet retreated overnight and traded below the 8000 level.

Trading in the Philippine Stock Exchange (PSE) was delayed due to a technical glitch. Instead of opening at 9:30 am, the session started at 10 am.
The Philippine Stock Exchane Index (PSEi) ended the abbreviated trading week higher by more than 1.0%.

PSEi previous close - 2051.69 (April 6)

open: 2053.04 (+1.35)

The local equites market moved in a narrow range in the first hour and a half of trading. The trading range was only between the day's low of 2046.04 (-5.65) and up to 2056.68 (+4.99) until 11:30 am.
The market then firmed up and a strong finishing kick had the market end at its high.

close: 2072.81 (+21.12 or 1.03%)

Value turnover: PhP 2.880 bn
Cross transactions: PhP 1.823 bn

Advancers 58
Decliners 22
Unchanged 50

Sectoral Indices.
M-O +3.28%
Services +1.64%
Financial +1.21
Industrial +1.17%
Property +0.25%
Holdings -0.56%

The Day's Top Gainers:
MA: PhP 0.01; +17.65%
MII: PhP 1.40; +16.67%
APO: PhP 1.16; +16.00%

The Day's Biggest Decliners:
VITA: PhP 0.125; -16.67%
MRC: PhP 0.15; -9.09%
URC: PhP 6.00; -6.25%

At mid-day:
Asian equities markets were down.
The Philippine Peso was at PhP 48.009 vs US$ 1.00.


CLOSING PRICES OF SELECT STOCKS (as of April 8, 2009):
ABA: PhP 0.91
ALI: PhP 5.90
DGTL: PhP 1.06
EIBA: PHP 0.215
FLI: PhP 0.40
GEO: PhP 0.42
GOB: PhP 0.17
JOH: PhP 1.00
LOTO: PhP 9.30
MEG: PhP 0.62
MPI: PhP 3.30
MUSX: PhP 0.09
PAX: PhP 0.92
PX: PhP 5.80
SPH: PhP 2.50
SUN: PhP 0.26
TA: PhP 0.86
UW: PhP 0.08
WEB: PhP 0.046



TRADING IN THE PSE RESUMES ON MONDAY, APRIL 13.

Tuesday, April 7, 2009

The Philippine Stock Market - April 7, 2009

Dow Jones Industrial Average(DJIA) Summary
Index Value: 7,975.85
Trade Time: April 6
Change: Down 41.74 (-0.52%)
Prev Close: 8,017.59
Open: 8,016.16
Day's Range: 7,862.20 - 8,016.16

WallStreet opened lower and the DJIA was down more than 150 points by mid-session. It however recovered in the latter half of the trading day and was able to limit its losses to keep near the 8000 level.
The local equities market came back strong as it resumed trading after the long weekend. The Philippine Stock Exchange Index (PSEi) managed to advance more than 1.0% even if asian markets were down.

PSEi previous close - 2028.59 (April 3)

time---------up------------PSEi
9:31--------5.62----------2034.21
9:32-------11.11
9:37-------14.96
9:43-------19.60----------2048.19

The PSEi tests its March 27 recent high.

9:49-------25.47----------2054.06

10:00------18.35----------2046.94
10:05------20.31
10:14------24.79
10:25------28.62
10:36------29.51
10:55------31.30---------2059.89 (the day's high)

The market hovers just above the 2050 level in the final hour of trading.

11:10------28.07
11:20------23.48

11:44------28.32
11:48------22.92
11:54------22.89---------2051.48

11:57------24.58
11:59------26.79
12:01------23.10---------2051.69 (+1.14%)
Market Close.

Value turnover: PhP 2.769 bn
Cross transactions: PhP 1.274 bn

Advancers 75
Decliners 26
Unchanged 37

Sectoral Indices:
Financial +3.16%
M-O +2.14%
Industrial +1.44%
Holdings +1.40%
Property +1.17%
Services -0.04%

The Day's Top Gainers:
ALCO: PhP 0.225; +32.35%
MHC: PhP 0.18; +20.00%
VITA: PhP 0.15; +20.00%

The Day's Biggest Decliners:
LR: PhP 0.86; -10.42%
TA: PhP 0.82; -6.82%
SOC: PhP 1.12; -6.67%

At mid-day:
Asian equities markets were down.
The Philippine Peos was at PhP 47.900 vs US$ 1.00.



CLOSING PRICES OF SELECT STOCKS (as of April 7, 2009):
ABA: PhP 0.91
ALI: PhP 6.00
DGTL: PhP 1.06
EIBA: PHP 0.22
FLI: PhP 0.42
GEO: PhP 0.41
GOB: PhP 0.17
JOH: PhP 1.00
LOTO: PhP 9.30
MEG: PhP 0.61
MPI: PhP 3.10
MUSX: PhP 0.09
PAX: PhP 0.89
PX: PhP 5.60
SPH: PhP 2.50
SUN: PhP 0.25
TA: PhP 0.82
UW: PhP 0.08
WEB: PhP 0.046

Saturday, April 4, 2009

Trading in WallStreet - April 3, 2009

Dow Jones Industrial Average (DJIA) Summary
Index Value: 8,017.59
Trade Time: April 3
Change: Up 39.51 (+0.50%)
Prev Close: 7,978.08
Open: 7,980.63
Day's Range: 7,897.24 - 8,019.50

Despite the US losing more than 600,000 jobs for the third month and unemployment at its highest in 25 years (8.5%), the DJIA was able to end slightly higher and above the 8000 level.
WallStreet ends with its best 4-week run since 1933. From March 12, when the DJIA closed at 6930.40, it has now risen 1087.19 points (15.69%).
The G-20 pledges more than $1.1 trillion to fight worldwide recession.

Friday, April 3, 2009

The Philippine Stock Market - April 3, 2009

Dow Jones Industrial Average (DJIA) Summary
Index Value: 7,978.08
Trade Time: April 2
Change: Up 216.48 (+2.79%)
Prev Close: 7,761.60
Open: 7,763.99
Day's Range: 7,763.99 - 8,075.73

WallStreet again had a huge advance overnight and the DJIA tests the 8000 level which it last breached on February 10, 2009.
The local equities market opened higher on back of the gains in WallStreet. The Philippine Stock Exchange Index (PSEi) was able to hold on to its gains ahead of the extended weekend and the coming Holy Week.

PSEi previous close - 1982.88 (April 2)

open: 2009.68 (+26.80)
high: 2029.83 (+46.95)
close: 2028.59 (+2.31%)

The immediate resistance is at 2048.60 (March 27 high). Next week, trading will only be on Tuesday and Wednesday (April 7-8).

Value turnover: PhP 2.876 bn
Cross transactions: PhP 976 mn

Advancers 82
Decliners 20
Unchanged 30

Sectoral Indices.
Property +4.17%
Financial +3.53%
Holdings +2.68%
Industrial +2.31%
Services +0.98%
M-O -1.23%

The Day's Top Gainers:
LR: PhP 0.96; +14.29%
UW: PhP 0.08; +14.29%
CPV: PhP 1.70; +13.33%

The Day's Biggest Decliners:
FPI: PhP 0.08; -20.00%
MED: PhP 0.15; -14.29%
ORE: PhP 0.36; -12.20%

At mid-day:
Asian equities markets were mixed.
The Philippine Peso was at PhP 48.008 vs US$ 1.00.

Thursday, April 2, 2009

The Philippine Stock Market - April 2, 2009

Dow Jones Industrial Average(DJIA) Summary
Index Value: 7,761.60
Trade Time: April 1
Change: Up 152.68 (+2.01%)
Prev Close: 7,608.92
Open: 7,606.13
Day's Range: 7,483.87 - 7,789.00

The local equities market advanced today as WallStreet climbed 2.00% higher overnight. The Philippine Stock Exchange Index (PSEi) hovered just below the 2000 level.

PSEi previous close - 1967.28 (April 1)

open: 1993.31 (+26.03)
high: 1996.50 (+29.22)
low: 1977.55 (+10.27)
close: 1982.88 (+15.60 or +0.79%)

Value turnover: PhP 2.312 bn
Cross transactions: PhP 1.353 bn

Advancers 71
Decliners 22
Unchanged 47

Sectoral Indices.
Financial +2.37%
Holdings +1.10%
Industrial +0.77%
Property +0.48%
M-O +0.23%
Services -0.14%

The Day's Top Gainers:
MVC: PhP 0.60; +20.00%
HLCM: PhP 2.50; +10.62%
MRC: PhP 0.175; +9.37%

The Day's Biggest Decliners:
SLI: PhP 0.60; -31.82%
MHC: PhP 0.155; -29.55%
MED: PhP 0.175; -7.89%

At mid-day:
Asian equities markets were higher.
The Philippine Peso was at PhP 48.137 vs US$ 1.00.

Wednesday, April 1, 2009

The Philippine Stock Market - April 1, 2009

DOW JONES INDUSTRIAL AVERAGE (DJIA) Summary
Index Value: 7,608.92
Trade Time: March 31
Change: Up 86.90 (+1.16%)
Prev Close: 7,522.02
Open: 7,523.77
Day's Range: 7,523.45 - 7,725.36

The local equities market continues its correction on the first day of the month, despite of the bounce in WallStreet. The Philippine Stock Exchange Index (PSEi) starts higher and ends near its low.

PSEi previous close - 1986.22 (March 31, 2009)

time---------change---------PSEi
9:31-------up 1.73---------1987.95
9:32----------2.83---------1989.05 (day's high)

9:36---down 1.95
9:38----------7.29
9:49---------14.01
9:55---------19.24---------1966.98

10:06---down 16.04
10:15--------13.81
10:23--------12.87

10:30---down 16.41
10:50--------16.69
11:18--------16.11
11:26--------17.85
11:32--------18.90
11:46--------17.28
11:51--------15.80
11:57--------18.55
11:59--------20.62--------1965.59 (day's low)
12:01--------18.94--------1967.28 (-0.95%)
Market Close.

Value turnover: PhP 2.196 bn
Cross transactions: PhP 1.009 bn
Block Sale: 12400 shs TEL @ PhP 2150.41 = PhP 26.665 mn

Advancers 31
Decliners 60
Unchanged 40

Sectoral Indices were lower across-the-board.
Holdings -1.88%
M-O -1.80%
Financial -1.55%
Services -0.81%
Property -0.75%
Industrial -0.13%

The Day's Top Gainers:
SLI: PhP 0.88; +25.71%
CMT: PhP 0.34; +13.33%
OMW2: PhP 0.004; +11.11%

The Day's Biggest Decliners:
MVC: PhP 0.50; -16.67%
T: PhP 2.40; -11.11%
PAX: PhP 0.84; -9.68%

At mid-day:
Asian equities markets were mostly up.
The Philippine Peso was at PhP 48.344 vs US$ 1.00.