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