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