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