The Philippine Stock Market - May 20, 2009

Dow Jones Industrial Average (DJIA) Summary
Index Value: 8,474.85
Trade Time: May 19
Change: Down 29.23 (-0.34%)
Prev Close: 8,504.08
Open: 8,502.48
Day's Range: 8,463.54 - 8,538.01

WallStreet traded sideways as it moved in and out of positive territory. The DJIA however closed near its low just below the 8500 level.

The local equities market in the meantime moved with an upward bias. The Philippine Stock Exchange Index (PSEi) is trying to build a base above the 2300 level.

PSEi previous close - 2309.58 (May 19)

time-----------up-----------PSEi
9:31----------5.30---------2314.88
9:40----------8.39
9:45---------11.76
9:47---------14.70
9:52---------21.29
9:55---------26.72---------2336.30

The market moves sideways for the rest of the trading session

10:01--------23.13
10:14--------24.92
10:28--------21.72
10:32--------20.36
10:35--------24.86
10:47--------19.83
10:52--------22.58
11:03--------23.04
11:22--------25.31
11:41--------22.14
11:49--------25.29
11:52--------26.92
11:53--------28.01
11:55--------29.24--------2338.82 (day's high)
11:58--------26.72
12:01--------24.18--------2333.76 (+1.05%)
Market Close.

Value turnover: PhP 3.663 bn
Cross transactions: PhP 809 mn
Block Sale: 100,000,000 shs SPH @ PhP 7.40 = PhP 740 mn

Advancers 96
Decliners 19
Unchanged 44

Sectoral Indices.
Holdings +3.94%
Property +3.39%
Financial +1.44%
M-O +1.03%
Industrial +0.84%
Services -0.80%

The Day's Top Gainers:
TOL: PhP 7.00; +40.00%
PAX: PhP 1.70; +32.81%
SLI: PhP 0.85; +26.87%

The Day's Biggest Decliners:
SF: PhP 0.18; -10.00%
PHES: PhP 0.18; -10.00%
UPM: PhP 0.0070; -6.67%

At mid-day:
Asian equities markets were mostly higher.
The Pilippine Peso was at PhP 47.375 vs US$ 1.00.

CLOSING PRICES OF SELECT STOCKS (as of May 20, 2009):
ABA: PhP 0.96
ALI: PhP 7.80
DGTL: PhP 1.30
EDC: PhP 3.90
EIBA: PHP 0.26
FLI: PhP 0.76
GEO: PhP 0.67
GOB: PhP 0.17
JOH: PhP 1.00
LOTO: PhP 9.90
MEG: PhP 0.97
MPI: PhP 5.10
MUSX: PhP 0.115
PAX: PhP 1.70
PX: PhP 6.50
SPH: PhP 3.25
SUN: PhP 0.32
TA: PhP 0.96
UW: PhP 0.11
WEB: PhP 0.043