The Philippine Stock Market - May 27, 2009

Dow Jones Industrial Average (DJIA) Summary
Index Value: 8,473.49
Trade Time: May 26
Change: Up 196.17 (+2.37%)
Prev Close: 8,277.32
Open: 8,275.33
Day's Range: 8,226.90 - 8,495.71

The DJIA advanced on data that Consumer Confidence level is at its highest in 8 months. It tested the 8500 level.

The local equites market immediately opens higher because of the boost in confidence it got from the huge advance in WallStreet. The Philippine Stock Exchange Index (PSEi) touches a new 7-month high.

PSEi previous close - 2309.68 (May 26)

time---------up---------PSEi
9:31-------25.18------2334.86
9:33-------29.31
9:35-------30.11
9:40-------32.95
9:42-------33.98------2343.66

10:09------29.19
10:14------27.57
10:16------26.95-----2336.63

10:35------36.39
10:38------37.37

10:56------33.87
11:01------38.45
11:07------38.50

11:13------34.15
11:22------41.45
11:25------42.88-----2352.56

The PSEi topped its high last May 21 at 2352.38.

11:26------43.82
11:27------43.87

11:39------42.07
11:48------46.17

11:54------43.90
11:55------47.45
11:56------50.53
11:58------50.77-----2360.45 (new 7-month high)
12:01------46.70-----2356.38 (+2.02%)
Market Close.

Value turnover: PhP 2.291 bn
Cross transactions: PhP 807 mn

Target remains to be the closure of the chart gap at 2420.21-2347.84 levels; left open since Oct 7-8, 2008.

Sectoral Indices were higher across-the-board.
M-O +4.11%
Holdings +3.81%
Financial +2.17%
Property +1.95%
Services +1.50%
Industrial +0.92%

The Day's Top Gainers:
IRCB: PhP 0.79; +36.21%
LCB: PhP 0.19; +26.67%
MA: PhP 0.016; +23.08%

The Day's Biggest Decliners:
PWR: PhP 0.29; -19.44%
PAX: PhP 2.60; -8.77%
ORE: PhP 0.55; -6.78%

At mid-day:
Asian equities markets were up.
The Philippine Peso was at PhP 47.267 vs US$ 1.00.


CLOSING PRICES OF SELECT STOCKS (as of May 27, 2009):
ABA: PhP 0.96
ALI: PhP 8.30
DGTL: PhP 1.26
EDC: PhP 3.85
EIBA: PHP 0.26
FLI: PhP 0.71
GEO: PhP 0.66
GOB: PhP 0.17
JOH: PhP 1.20
LOTO: PhP 10.25
MEG: PhP 0.93
MPI: PhP 4.70
MUSX: PhP 0.125
PAX: PhP 2.60
PX: PhP 7.30
SPH: PhP 2.85
SUN: PhP 0.48
TA: PhP 1.00
UW: PhP 0.105
V: PhP 1.16
WEB: PhP 0.046