The Philippine Stock Market - June 18, 2009

Dow Jones Industrial Average (DJIA) Summary
Index Value: 8,497.18
Trade Time: June 17
Change: Down 7.49 (-0.09%)
Prev Close: 8,504.67
Open: 8,504.36
Day's Range: 8,461.29 - 8,563.01

Just like the trading in WallStreet; the Philippine Stock Market had an erratic day as it moved in a narrow range The Philippine Stock Exchange Index (PSEi) had a roller coaster ride in and out of positive territory. It ended lower for the third straight day, but with minimal losses this time.

PSEi previous close - 2441.75 (June 17)

time-----------change------------PSEi
9:31--------down 2.19----------2439.56
9:32-------------0.35
9:35-------------0.20

After the slight initial decline, the market rallies and tries to recover from the previous day's drops.

9:39---------up 2.03
9:40------------4.61
9:42------------6.02
9:43------------9.02
9:44------------9.27
9:45-----------10.21
9:46-----------11.30
9:47-----------15.17
9:48-----------15.48
9:49-----------15.94
9:50-----------16.97
9:53-----------20.90
9:54-----------20.73
9:55-----------21.66
9:58-----------24.64
9:59-----------25.05
10:00----------25.66
10:03----------26.92------------2468.67 (day's high)
10:06----------18.85
10:11----------19.19

The rally was shortlived, and the market retreats once again and gives back its gains.

10:12-------up 15.72
10:13----------13.57
10:14----------13.08
10:15----------11.41
10:11----------10.94
10:17----------10.00
10:18-----------7.22
10:20-----------7.19
10:21-----------6.56
10:23-----------5.14
10:25-----------4.91
10:26-----------4.58
10:27-----------3.33
10:28-----------2.90
10:30-----------1.42

The market tries to stay in positive territory for around the next hour.

10:33--------up 0.29
10:35-----down 0.37
10:37--------up 1.67
10:42-----down 0.87
10:43--------up 0.40
10:46-----down 1.33
10:47----------1.65
10:48----------2.67
10:49----------3.33
10:51----------4.54
10:55----------0.60
11:02-------up 1.63
11:03----------5.15
11:08----------7.50------------2449.25
11:10----------5.82
11:12----------6.39
11:20----------0.17
11:23-----down 3.73
11:25----------5.37

The PSEi stays in the red for the rest of the trading session.

11:27-----down 7.48
11:28---------11.20
11:30---------12.41
11:32---------13.43

11:38----down 11.30
11:41---------14.37------------2427.38 (day's low)
11:49---------10.69
11:51---------13.31
11:57----------6.64
11:59----------4.92
12:01----------7.49------------2434.26 (-0.31%)
Market Close.

Value turnover: PhP 2.430 bn
Cross transactions: PhP 701 mn

Advancers 43
Decliners 53
Unchanged 53

Sectoral Indices were mixed.
Services -1.60%
Holdings -0.86%
Property -0.14%
Financial +0.36%
Industrial +1.44%
M-O +1.70%

The Day's Top Gainers:
BCB: PhP 14.00; +47.37%
PECB: PhP 12.00; +17.07%
ETON: PhP 2.55; +9.91%

The Day's Biggest Decliners:
ICTV: PhP 1.10; -26.67%
ORE: PhP 0.45; -25.00%
SFI: PhP 0.18; -18.18%

At mid-day:
Asian equities markets were lower.
The Philippine Peso was at PhP 48.447 vs US$ 1.00.


CLOSING PRICES OF SELECT STOCKS (as of June 18, 2009):
ABA: PhP 0.96
ALI: PhP 8.40
DGTL: PhP 1.38
EDC: PhP 3.85
EIBA: PHP 0.26
FLI: PhP 0.73
GEO: PhP 0.62
GOB: PhP 0.17
JOH: PhP 1.22
LOTO: PhP 9.70
MEG: PhP 1.04
MPI: PhP 5.60
MUSX: PhP 0.12
PAX: PhP 2.34
PX: PhP 6.50
SPH: PhP 3.00
SUN: PhP 0.44
TA: PhP 1.00
UW: PhP 0.0925
V: PhP 1.02
WEB: PhP 0.047