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