The Philippine Stock Market - June 24, 2009

The DJIA closed lower by 16.10 pts to close at 8322.91.

The local equites market had a listless start. However, after a while, it mounted a rally, after declining the past days. The Philippine Stock Exchange Index (PSEi) closed near its high was able to top the 2400 level.

PSEi previous close - 2370.06 (June 23)

time--------change----------PSEi
9:31----down 3.89 ---------2366.18 (Day's low)
9:33---------2.30
9:35------up 1.98
9:38---------2.27
9:39---------2.46
9:42----down 0.82
9:45---------0.67
9:48---------0.15
9:50------up 0.04
9:53----down 0.15
9:54---------2.17
9:56------up 2.11
10:00--------4.20

After trading directionless in a very narrow range for the first half-hour of the session, the marget gains strength and gathers momentum to take back its losses from the previous days.

10:01-----up 4.69
10:02--------5.59
10:03--------7.90
10:04--------8.40
10:05-------10.38
10:07-------13.68
10:08-------14.61
10:09-------15.38
10;13-------18.83
10:15-------19.31
10:16-------22.53
10:17-------23.31
10:19-------25.04
10:22-------25.73
10:23-------26.05
10:27-------26.25
10:30-------26.92
10:37-------27.33
10:38-------29.50
10:40-------32.10--------2402.66

The 2400 level is breached and the market continues its rise.

10:41----up 32.58
10:43-------35.55
10:43-------38.19
10:44-------39.21
10:46-------41.07
10:47-------44.41--------2414.47

The market consolidates its gains for the rest of the trading day.

10:50-------42.23
10:53-------40.98
11:01-------42.22
11:04-------43.17
11:05-------45.44
11:06-------45.77
11:11-------45.82---------2415.88
11:12-------43.79
11:15-------44.57
11:16-------44.88
11:21-------43.85
11:32-------43.53
11:37-------44.17
11:39-------41.25
11:42-------39.99
11;45-------42.93
11:47-------46.58---------2416.64 (Day's high)
11:52-------42.82
11:55-------39.25
11:57-------43.17
11:59-------37.65---------2407.71
12:01-------45.77---------2415.83 (+1.93%)
Market Close.

Value turnover: PhP 2.153 bn
Cross transactions: PhP 953 mn
Block Sale: 75,000 shs ETEL @ PhP 437.481 = PhP 32.811 mn

Advancers 99
Decliners 14
Unchanged 39

Sectoral Indices were higher acroos-the-board.
M-O +4.44%
Industrial +4.20%
Property +2.40%
Holdings +1.92%
Financial +1.33%
Services +0.49%

The Day's Top Gainers:
PAX: PhP 2.22; +20.65%
IRCB: PhP 0.60; +20.00%
UW: PhP 0.095; +18.75%

The Day's Biggest Decliners:
PHES: PhP 0.25; -28.57%
UPM: PhP 0.0065; -7.14%
OM: PhP 0.0080; -5.88%

At mid-day:
Asian equities markets were mostly up.
The Philippine Peso was at PhP 48.274 vs US$ 1.00.


CLOSING PRICES OF SELECT STOCKS (as of June 24, 2009):
ABA: PhP 0.96
ALI: PhP 8.40
DGTL: PhP 1.30
EDC: PhP 3.80
EIBA: PHP 0.26
FLI: PhP 0.73
GEO: PhP 0.59
GOB: PhP 0.17
JOH: PhP 1.20
LOTO: PhP 9.60
MEG: PhP 0.97
MPI: PhP 5.10
MUSX: PhP 0.115
PAX: PhP 2.22
PX: PhP 6.70
SPH: PhP 2.95
SUN: PhP 0.36
TA: PhP 0.95
UW: PhP 0.095
V: PhP 1.00
WEB: PhP 0.050