The Philippine Stock Market - June 3, 2009

Dow Jones Industrial Average (DJIA) Summary
Index Value: 8,740.87
Trade Time: June 2
Change: Up 19.43 (+0.22%)
Prev Close: 8,721.44
Open: 8,721.60
Day's Range: 8,693.72 - 8,787.13

WallStreet traded in within a hundred point range and ended with modest gains. The DJIA is near the Dec. 31, 2008 close of 8776.39 but still off its January 1, 2009 close at 9034.69.

The local equities market started slightly higher but soon gave way to a much needed correction. The Philippine Stock Exchange Index (PSEi) however closed near its low and may continue with its consolidation.

PSEi previous close - 2490.42 (June 2)

time---------change----------PSEi
9:31--------up 3.18--------2493.60
9:32-----------5.47--------2495.89 (day's high)
9:33-----------2.92

9:38----down 0.44
9:44-----------5.18
9:52-----------7.85
10:04----------8.40
10:20---------10.97

10:28---down 7.91
10:38---------12.45
10:47---------14.23
10:51---------16.59
11:14---------17.59
11:24---------20.09
11:38---------21.68
11:39---------23.01

11:44---down 21.96
11:46---------25.05
11:52---------27.94--------2462.48 (day's low)
11:55---------23.00
11:59---------22.61
12:01---------19.23--------2471.17 (-0.77%)
Market Close.

Value turnover: PhP 3.178 bn
Cross transactions: PhP 920 mn

Advancers 28
Decliners 73
Unchanged 61

Sectoral Indices.
Financial -2.39%
Holdings -1.73%
Property -0.97%
Services -0.28%
Industrial -0.22%
M-O +0.98%

The Day's Top Gainers:
CDC: PhP 1.80; +38.46%
SOC: PhP 1.66; +23.88%
ZHI: PhP 0.42; +23.53%

The Day's Biggest Decliners:
ALCO: PhP 0.20; -13.04%
WEB: PhP 0.048; -8.57%
JGS: PhP 5.10; -7.27%

At mid-day:
Asian equities markets were mostly higher.
The Philippine Peso was at PhP 47.284 vs US$ 1.00.

CLOSING PRICES OF SELECT STOCKS (as of May 25, 2009):
ABA: PhP 0.97
ALI: PhP 9.10
DGTL: PhP 1.38
EDC: PhP 3.90
EIBA: PHP 0.26
FLI: PhP 0.81
GEO: PhP 0.72
GOB: PhP 0.17
JOH: PhP 1.30
LOTO: PhP 10.25
MEG: PhP 1.10
MPI: PhP 5.70
MUSX: PhP 0.115
PAX: PhP 2.95
PX: PhP 6.40 ***
SPH: PhP 2.95
SUN: PhP 0.48
TA: PhP 1.06
UW: PhP 0.11
V: PhP 1.12
WEB: PhP 0.048

***Today is the ex-date for the 25% stock dividend of PX. (If you have 20,000 shs, you will get an additional 5,000 shs upon delivery of the dividend.) Yesterday's closing price was adjusted from PhP 7.90 to PhP 6.30.