The Philippine Stock Market - June 11, 2009

Dow Jones Industrial Average (DJIA) Summary
Index Value: 8,739.02
Trade Time: June 10
Change: Down 24.04 (-0.27%)
Prev Close: 8,763.06
Open: 8,763.66
Day's Range: 8,639.95 - 8,834.93

The local equities market continues its surge to new 8-month highs. The Philippine Stock Exchange Index (PSEi) closes at its high and is now just a shade below the 2600 level.

PSEi previous close - 2530.72 (June 10)

time-----------change----------PSEi
9:31-------down 0.28---------2530.44 (day's low)
9:32---------up 0.28
9:33------------1.68

After a slow start, the market rapidly advances and sustains its gains throughout the session.

9:34--------up 5.93
9:35-----------6.39
9:41----------13.29
9:53----------15.06
9:54----------19.52
9:55----------22.36

9:59----------18.79
10:05---------25.15
10:07---------26.11
10:08---------27.34
10:14---------27.41
10:16---------28.07

1027----------24.33
10:33---------27.90
10:35---------28.50
10:37---------29.86
10:41---------30.64

10:49---------25.91
10:54---------31.42
10:58---------33.25
11:04---------36.90
11:12---------37.69
11:14---------38.15---------2568.87

At this point, PLDT (TEL) accounts for a gain of 38.25 pts in the PSEi. TEL is at PhP 2490 (+5.73%) from PhP 2355 yesterday. Without this advance, the market would even be in negative territory.

11:17---------35.52
11:20---------38.67
11:21---------39.85
11:23---------41.25
11:24---------44.57

The market even finishes stronger as Meralco also surges in the last part of the trading day.

11:26---------39.65
11:35---------42.32
11:44---------44.86
11:47---------47.04
11:51---------48.99
11:52---------51.70
11:53---------52.59
11:55---------54.12
11:56---------58.62
11:57---------60.69
11:58---------66.35
12:01---------68.08----------2598.80 (+2.69%)
Market Close.

Value turnover: PhP 3.627 bn
Cross transactions: PhP 1.203 bn

TEL accounts for 35.42 pts of the advance in the PSEi.
TEL closes at PhP 2495 (+5.94%) from its close of PhP 2355 yesterday.
MER accounts for 13.19 pts of the advance in the PSEi.
TEL closes at PhP 145 (+10.69%) from its close of PhP 131 yesterday.

The chart gap at the 2564-2544 levels left open last Oct.3-6, 2008 is filled. Today's close is the highest level since then.

Advancers 53
Decliners 62
Unchanged 46

Sectoral Indices.
Services +4.16%
Industrial +4.10%
Holdings +1.00%
Financial +0.58%
M-O -0.06%
Property -0.52%

The Day's Top Gainers:
PHES: PhP 0.35; +40.00%
TDY: PhP 3.25; +30.00%
PMPC: PhP 7.00; +16.67%

The Day's Biggest Decliners:
IS: PhP 0.07; -12.50%
TOL: PhP 9.00; -10.00%
AR: PhP 0.0050; -9.09%

At mid-day:
Asian equities markets were mostly up.
The Philippine Peso was at PhP 47.681 vs US$ 1.00.


CLOSING PRICES OF SELECT STOCKS (as of June 11, 2009):
ABA: PhP 0.94
ALI: PhP 9.10
DGTL: PhP 1.36
EDC: PhP 4.10
EIBA: PHP 0.26
FLI: PhP 0.82
GEO: PhP 0.69
GOB: PhP 0.17
JOH: PhP 1.40
LOTO: PhP 10.25
MEG: PhP 1.16
MPI: PhP 6.10
MUSX: PhP 0.13
PAX: PhP 2.70
PX: PhP 6.80
SPH: PhP 2.90
SUN: PhP 0.48
TA: PhP 1.10
UW: PhP 0.10
V: PhP 1.12
WEB: PhP 0.049