The Philippine Stock Market - May 18, 2009

The local equities market(after establishing a new seven-month high last Friday) retreated today, together with the other asian markets. The Philippine Stock Exchange Index (PSEi) fell below the 2300 level.

PSEi previous close - 2308.70 (May 15)

time--------down----------PSEi
9:31--------3.26---------2305.44
9:43-------12.64
9:46-------17.17
9:50-------19.21
9:52-------22.40
9:55-------22.63---------2286.07

The PSEi moves sideways in the next hour.

10:01------17.51
10:04------16.14
10:12------15.51
10:29------18.01
10:37------17.74
10:41------18.94
10:47------16.99
10:49------19.93
10:58------20.79

The market heads lower in the last hour of trading.

11:01------23.05
11:07------23.45
11:10------24.70
11:12------25.91
11:14------26.50
11:15------29.30
11:16------30.92
11:19------31.91
11:24------32.01
11:25------34.12
11:28------35.25

11:37------33.38
11:38------35.68
11:39------36.70---------2272.00 (day's low)

11:46------33.43
11:52------28.96
11:55------28.58
11:56------30.32
11:59------30.53
12:01------29.22--------2279.37 (-1.27%)
Market Close.

Value turnover: PhP 2.250 bn
Cross transactions: PhP 645 mn
Block Sale: 10,000 shs TEL @ PhP 2261.87 = PhP 22.618 mn

Advancers 38
Decliners 73
Unchanged 38

Sectoral Indices:
Services -2.41%
Holdings -1.65%
M-O -1.39%
Industrial -1.12%
Financial -0.21%
Property -0.02%

The Day's Top Gainers:
PHES: PhP 0.20; +25.00%
FJPS: PhP 1.04; +22.35%
LAND: PhP 2.00; +19.05%

The Day' Biggest Decliners:
FPI: PhP 0.10; -33.33%
ZHI: PhP 0.24; -14.29%
DMC: PhP 6.00; -13.04%

At mid-day:
Asian equities markets were mostly down.
The Philippine Peso was at PhP 47.740 vs US$ 1.00.


CLOSING PRICES OF SELECT STOCKS (as of May 18, 2009):
ABA: PhP 0.96
ALI: PhP 7.50
DGTL: PhP 1.30
EDC: PhP 3.80
EIBA: PHP 0.26
FLI: PhP 0.64
GEO: PhP 0.57
GOB: PhP 0.17
JOH: PhP 1.00
LOTO: PhP 9.80
MEG: PhP 0.88
MPI: PhP 3.80
MUSX: PhP 0.11
PAX: PhP 1.28
PX: PhP 6.70
SPH: PhP 3.05
SUN: PhP 0.30
TA: PhP 0.95
UW: PhP 0.090
WEB: PhP 0.044