The Philippine Stock Market - June 2, 2009

Dow Jones Industrial Average (DJIA) Summary
Index Value: 8,721.44
Trade Time: June 1
Change: Up 221.11 (+2.60%)
Prev Close: 8,500.33
Open: 8,501.53
Day's Range: 8,501.29 - 8,760.70

WallStreet surged overnight to close near its high and up by more than 2 1/2%.
GM files for bankruptcy.

The local equities market got another additional boost from the big rise in the DJIA. The Philippine Stock Exchange Index (PSEi) was immediately higher and it tested the 2500 level.

PSEi previous close - 2458.65 (June 1)

time---------up-----------PSEi
9:31-------38.85--------2497.50
9:32-------41.03--------2499.68

The 2500 level is tested.

9:33-------47.79
9:35-------54.25
9:36-------54.88
9:37-------55.28
9:41-------55.46--------2514.11

The PSEi tries to hover around the 2500 level after reaching a new 8-month high.

9:47-------44.83
9:51-------39.91
9:58-------43.04
10:18------47.01
10:32------36.50--------2495.15

The market stays below the 2500 level for the rest of the session.

10:38------34.04
10:46------31.43
10:51------28.77
10:59------27.76
11:06------25.71
11:15------24.39
11:23------21.77-------2480.42
11:31------27.00
11:35------30.38
11:56------26.92
12:01------31.77------2490.42 (+1.29%)
Market Close.

Value turnover: PhP 3.679 bn
Cross transactions: PhP 857 mn

Advancers 81
Decliners 39
Unchanged 39

Sectoral Indices:
M-O +2.65%
Property +2.22%
Industrial +1.51%
Holdings +1.41%
Services +0.90%
Financial +0.73%

The Day's Top Gainers:
PAX: PhP 3.00; +20.97%
POPI: PhP 0.34; +13.33%
ZHI: PhP 0.34; +13.33%

The Day's Biggest Decliners:
ANI: PhP 20.00; -12.09%
MB: PhP 0.40; -9.09%
ALHI: PhP 6.10; -8.96%

At mid-day:
Asian equities markets were mostly higher.
The Philippine Peso was at PhP 47.157 vs US$ 1.00.

CLOSING PRICES OF SELECT STOCKS (as of June 2, 2009):
ABA: PhP 0.97
ALI: PhP 9.30
DGTL: PhP 1.40
EDC: PhP 3.80
EIBA: PHP 0.26
FLI: PhP 0.81
GEO: PhP 0.73
GOB: PhP 0.17
JOH: PhP 1.30
LOTO: PhP 10.25
MEG: PhP 1.10
MPI: PhP 5.90
MUSX: PhP 0.115
PAX: PhP 3.00
PX: PhP 7.90
SPH: PhP 2.95
SUN: PhP 0.51
TA: PhP 1.06
UW: PhP 0.115
V: PhP 1.18
WEB: PhP 0.0525