The Philippine Stock Market - June 30, 2009

Dow Jones Industrial Average (DJIA) Summary
Index Value: 8,529.38
Trade Time: June 29
Change: Up 90.99 (+1.08%)
Prev Close: 8,438.39
Open: 8,440.13
Day's Range: 8,429.09 - 8,533.23

The local equities market ended the 1st Half of 2009 with a whimper. It did open higher because of the advance of almost a hundred points in WallStreet and the rise in asian markets. The Philippine Stock Exchange Index (PSEi) however, soon found itself in negative territory as the mood reversed, and it gave back its early gains. It even closed near its low and is now looking for a support level.

PSEi previous close - 2468.05 (June 29)

time---------change-----------PSEi
9:31--------up 8.57---------2476.62
9:32----------10.37
9:35----------11.59
9:38----------12.29
9:40----------12.78
9:41----------14.06---------2482.11
9:46----------12.67
9:52----------11.82
9:54-----------9.03
9:55-----------7.98
9:57-----------6.28
9:58-----------4.14
10:00----------3.91
10:04----------0.56

The PSEi has given back its early gains and sentiment has gone the opposite direction.

10:06-----down 1.18
10:07------------4.94
10:08------------7.71
10:09------------8.79
10:10------------9.84
10:12-----------10.16
10:13-----------10.70
10:15-----------11.36
10:16-----------14.88
10:21-----------15.81
10:22-----------17.70
10:23-----------20.11
10:24-----------22.04
10:25-----------23.23-------2444.82

10:35-----down 20.65
10:44------------23.55
10:46------------24.11
10:47------------24.68
10:48------------25.86
10:49------------26.05
10:51------------26.33
10:58------------26.39
10:59------------26.59
11:03------------30.23-------2437.82

The market moves in a narrow range for the last half-hour of the trading day.

11:07-----down 27.06
11:26------------27.88
11:34------------27.63
11:36------------26.09
11:42------------26.30
11:51------------29.63
11:54------------31.18
11:56------------27.63
11:58------------31.86-------2436.19 (day's low)
12:01------------30.06-------2437.99 (-1.22%)
Market Close.

Value turnover: PhP 2.427 bn
Cross transactions: PhP 928 mn

Advancers 31
Decliners 61
Unchanged 50

Sectoral Indices were lower across-the-board.
Holdings -2.70%
Property -2.01%
Industrial -1.18%
Financial -1.02%
M-O -0.30%
Services -0.24%

The Day's Top Gainers:
CDC: PhP 1.68; +40.00%
IRCB: PhP 0.71; +18.33%
FAF: PhP 0.60; +15.38%

The Day's Biggest Decliners:
ASIA: PhP 5.10; -8.93%
FLI: PhP 0.69; -5.48%
MIC: PhP 2.80; -5.08%

At mid-day:
Asian equities markets were up.
The Philippine Peso was at PhP 48.177 vs US$ 1.00


CLOSING PRICES OF SELECT STOCKS (as of June 30, 2009):
ABA: PhP 0.96
ALI: PhP 8.10
DGTL: PhP 1.34
EDC: PhP 3.95
EIBA: PHP 0.26
FLI: PhP 0.69
GEO: PhP 0.62
GOB: PhP 0.17
JOH: PhP 1.20
LOTO: PhP 9.80
MEG: PhP 0.98
MPI: PhP 5.10
MUSX: PhP 0.115
PAX: PhP 2.42
PX: PhP 7.00
SPH: PhP 3.10
SUN: PhP 0.42
TA: PhP 0.96
UW: PhP 0.095
V: PhP 1.00
WEB: PhP 0.0525