The Philippine Stock Market - May 26, 2009

WallStreet was closed for a Holiday. With no lead to folow, the local equities market started higher as momentum from yesterday spilled over. The trend however soon reversed and the Philippine Stock Exchange Index (PSEi) tests the 2300 support level.

PSEi previous close - 2334.62 (May 25)

time----------change----------PSEi
9:31--------up 12.61--------2347.23
9:33-----------13.39--------2348.01 (day's high)
9:50------------3.80

The market changes direction.

9:52----down 0.95
9:56-----------3.48
9:57-----------4.01

10:00----down 1.35
10:06----------5.99
10:09----------6.78
10:12----------8.48
10:17----------9.76
10:22---------14.35
10:25---------17.86
10:32---------24.80
10:41---------27.90
10:47---------30.32
10:54---------32.04
10:59---------34.23--------2300.39

The 2300 level is tested.

11:11----down 30.09
11:15---------35.08
11:19---------35.41--------2299.21 (day's low)

11:24----down 29.47
11:41---------28.26
11:45---------25.43
11:50---------21.06--------2313.56
12:01---------24.95--------2309.68 (-1.07%)
Market Close.

Value turnover: PhP 2.259 bn
Cross transactions: PhP 796 mn

Advancers 23
Decliners 87
Unchanged 55

Sectoral Indices.
Financial -2.37%
Property -2.36%
M-O -1.01%
Services -0.82%
Holdings -0.81%
Industrial +0.07%

The Day's Top Gainers:
PWR: PhP 0.36; +33.33%
SFI: PhP 0.22; +22.22%
ICTV: PhP 1.30; +8.33%

The Day's Biggest Decliners:
MUSX: PhP 0.12; -11.11%
PERC: PhP 6.00; -10.45%
APC: PhP 0.37; -9.76%

At mid-day:
Asian equities markets were mostly lower.
The Philippine Peso was at PhP 47.289 vs US$ 1.00.


CLOSING PRICES OF SELECT STOCKS (as of May 26, 2009):
ABA: PhP 0.96
ALI: PhP 8.20
DGTL: PhP 1.20
EDC: PhP 3.75
EIBA: PHP 0.26
FLI: PhP 0.70
GEO: PhP 0.66
GOB: PhP 0.17
JOH: PhP 1.20
LOTO: PhP 10.25
MEG: PhP 0.91
MPI: PhP 4.80
MUSX: PhP 0.12
PAX: PhP 2.85
PX: PhP 7.30
SPH: PhP 2.85
SUN: PhP 0.49
TA: PhP 0.99
UW: PhP 0.105
V: PhP 1.06
WEB: PhP 0.044