The Philippine Stock Market - May 04, 2009

Trading in WallStreet:
Thursday (April 30) - DJIA down by 17.61 pts to close at 8168.12
Friday (May 01) - DJIA up by 44.29 pts to close at 8212.41

The local equities market resumed trading after the extended Labor Day Weekend. The Philippine Stock Exchnage Index (PSEi) touches new six-month high levels.

PSEi previous close - 2103.50 (April 30)

open: 2127.98 (+24.48)
high: 2151.18 (+47.68)
close: 2137.62 (+34.12 or +1.62%)

The immediate resistance is the Oct. 17, 2008 high at 2176 and the immediate objective is closing the chart gap at the 2234-2173 levels left open last Oct. 15-16, 2008.

Value turnover: PhP 2.258 bn
Cross transactions: PhP 739 mn
Block Sale: 8,798,000 shs SMDC @ PhP 2.62 = PhP 23.024 mn

Advancers 63
Decliners 30
Unchanged 42

Sectoral Indices:
Financial +3.87%
Holdings +2.57%
M-O +2.13%
Industrial +1.88%
Services +0.14%
Property -0.47%

The Day's Top Gainers:
MED: PhP 0.165; +26.92%
DFNN: PhP 7.50; +15.38%
JTH: PhP 1.70; +13.33%

The Day's Biggest Decliner:
ATS: PhP 1.26; -21.25%
EURO: PhP 1.74; -12.12%
ETON: PhP 1.80; -10.00%

At mid-day:
Asian equities markets were up.
The Philippine Peso was at PhP 48.143 vs US$ 1.00.


CLOSING PRICES OF SELECT STOCKS (as of May 04, 2009):
ABA: PhP 0.96
ALI: PhP 6.20
DGTL: PhP 1.06
EDC: PhP 3.75
EIBA: PHP 0.23
FLI: PhP 0.57
GEO: PhP 0.46
GOB: PhP 0.17
JOH: PhP 1.00
LOTO: PhP 9.60
MEG: PhP 0.71
MPI: PhP 3.25
MUSX: PhP 0.0825
PAX: PhP 0.82
PX: PhP 5.50
SPH: PhP 2.85
SUN: PhP 0.26
TA: PhP 0.88
UW: PhP 0.0775
WEB: PhP 0.045