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.