The Philippine Stock Market - June 26, 2009

Dow Jones Industrial Average (DJIA) Summary
Index Value: 8,472.40
Trade Time: June 25
Change: Up 172.54 (+2.08%)
Prev Close: 8,299.86
Open: 8,299.25
Day's Range: 8,259.43 - 8,490.46

The DJIA advanced by more than 2% and tested the 8500 level overnight.

The local equities market opened strong because of the added bullish sentiment from the big advance in WallStreet. The Philippine Stock Exchange Index (PSEi) tested the 2500 level early on, but it soon underwent a correction after the past day's huge gains.

PSEi previous close - 2467.56 (June 25)

time-----------up------------PSEi
9:31---------19.86---------2487.42
9:32---------21.45
9:33---------33.21---------2500.77

The 2500 level is tested.

9:34---------36.67
9:35---------40.93
9:36---------41.21---------2508.77 (day's high)

The market advances more than 1.6% in the first few minutes of trade. After this rapid advance, the market goes into a correction mode.

9:41---------38.18
9:45---------36.55
9:47---------33.99
9:50---------29.86---------2497.42

The PSEi goes below the 2500 level once again.

9:53---------28.84
9:58---------26.68
10:00--------24.43

10:04--------27.06
10:08--------23.71

10:12--------21.67
10:13--------18.84
10:15--------17.43

The market trades in a narrow range for the next hour or so.

10:26--------20.99
10:35--------21.68
10:39--------22.18
10:47--------19.11
10:47--------18.68
10:55--------21.65
10:57--------24.15----------2491.71
11:06--------19.98
11:13--------18.24
11:15--------18.44
11:15--------17.67
11:21--------20.02
11:25--------15.86
11:29--------18.47

The market trades in a lower range in the last half-hour of the session.

11:36--------15.97
11:37--------14.23
11:38--------13.17
11:42--------10.63
10:43--------10.13
11:44---------9.40
11:46--------13.93
11:52---------8.15
11:54--------15.01
11:57--------10.74
11:58---------9.83
11:59---------8.28
12:01---------9.88----------2477.44 (+0.40%)
Market Close.

Value turnover: PhP 3.025 bn
Cross transactions: PhP 1.472 bn
Block Sale: 2,683,000 shs GPH @ PhP 50.00 = PhP 134.150 mn

Sectoral Indices:
Holdings +0.96%
Property +0.61%
Industrial +0.58%
Services +0.52%
M-O -0.11%
Financial -0.51%

The Day's Top Gainers:
ARA: PhP 0.38; +18.75%
MB: PhP 0.46; +12.20%
CEI: PhP 0.038; +11.76%

The Day's Biggest Decliners:
MFIN: PhP 1.80; -10.00%
MED: PhP 0.15; -9.09%
OV: PhP 0.013; -7.14%

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 26, 2009):
ABA: PhP 0.96
ALI: PhP 8.60
DGTL: PhP 1.30
EDC: PhP 3.90
EIBA: PHP 0.26
FLI: PhP 0.75
GEO: PhP 0.62
GOB: PhP 0.17
JOH: PhP 1.20
LOTO: PhP 10.00
MEG: PhP 1.00
MPI: PhP 5.30
MUSX: PhP 0.115
PAX: PhP 2.50
PX: PhP 6.90
SPH: PhP 3.05
SUN: PhP 0.42
TA: PhP 0.96
UW: PhP 0.090
V: PhP 1.02
WEB: PhP 0.050