The Philippine Stock Market - June 1, 2009

The local equities market started the month of June on a bullish note as the rise in WallStreet last Friday also fueled the continue in its advance. The Philippine Stock Exchange Index (PSEi) closed near its high and set new 7-month highs. It is now within striking distance of the 2500 level.

PSEi previous close - 2389.31 (May 29)


time---------up----------PSEi
9:31-------15.31-------2404.61
9:36-------18.16
9:37-------25.33
9:45-------31.04-------2420.35

The chart gap at the 2420-2347 levels now closed. The market continues its strong advance.

9:48-------34.51
9:57-------35.64
10:10------36.97
10:12------43.65
10:17------45.62
10:29------48.91
10:39------52.58
10:44------58.89------2448.20

10:49------53.78
10:51------51.69
10:54------50.76

11:02------55.95
11:09------56.27
11:17------56.55
11:23------57.96
11:26------60.26
11:37------60.58
11:39------65.80
11:46------66.73
11:47------68.44
11:49------70.52------2459.83 (day's high)
12:01------69.34------2458.65 (+2.90%)
Market Close.

The immediate target is to close another chart gap at the 2494-2445 levels left open last Oct. 3-7, 2008.

Value turnover: PhP 3.865 bn
Cross transactions: PhP 1.328 bn

Advancers 85
Decliners 43
Unchanged 42

Sectoral Indices were higher across-the-board.
Property +5.85%
M-O +4.42%
Financial +4.40%
Holdings +1.61%
Industrial +1.45%
Services +1.35%

The Day's Top Gainers:
PRIM: hP 0.28; +40.00%
VITA: PhP 0.155; +19.23%
PA: PhP 0.0825; +13.79%

The Day's Biggest Decliners:
CDC: PhP 1.30; -18.75%
BCB: PhP 9.0; -18.18%
DHC: PhP 8.50; -13.27%

At mid-day:
Asian equites markets were up.
The Philippine Peso was at PhP 47.226 vs US$ 1.00.

CLOSING PRICES OF SELECT STOCKS (as of June 01, 2009):
ABA: PhP 0.98
ALI: PhP 9.20
DGTL: PhP 1.36
EDC: PhP 3.70
EIBA: PHP 0.26
FLI: PhP 0.77
GEO: PhP 0.74
GOB: PhP 0.17
JOH: PhP 1.30
LOTO: PhP 10.25
MEG: PhP 1.08
MPI: PhP 6.40
MUSX: PhP 0.115
PAX: PhP 2.48
PX: PhP 7.60
SPH: PhP 2.90
SUN: PhP 0.53
TA: PhP 1.06
UW: PhP 0.105
V: PhP 1.12
WEB: PhP 0.050