The Philippine Stock Market - June 4, 2009

Dow Jones Industrial Average (DJIA) Summary
Index Value: 8,675.28
Trade Time: June 3
Change: Down 65.59 (-0.75%)
Prev Close: 8,740.87
Open: 8,740.07
Day's Range: 8,598.38 - 8,740.39

WallStreet retreated after the previous day's strong advance.
The FED Chair stated that the US economy will recover late this year. It will not be a robust recovery, but a slow recovery. He also warns of the increasing debt stock.

Together with the asian bourses, the local equities market opened lower as it consolidated in the early going. The Philippine Stock Exchange Index (PSEi) however recovered its early losses and posted a gain of nearly 1% as it ended at its high.

PSEi previous close - 2471.19 (June 3)

time----------change-----------PSEi
9:31--------down 2.03--------2469.16
9:33---------------6.00
9:35---------------9.86

9:38--------down 5.22
9:42---------------6.88
9:54---------------7.75
10:05-------------10.94

10:24------down 7.73
10:28------------10.44
10:35------------11.89--------2459.30 (day's low)

10:38------down 8.88
10:41-----------5.44
10:43-----------3.56
10:49-----------0.64

The market makes a strong recovery.

10:51-------up 0.09
10:54----------0.93
10:59----------4.56
11:03----------5.72
11:11----------9.14
11:16---------12.58
11:21---------14.28
11:35---------16.27
11:48---------16.95
11:54---------17.86
11:56---------18.40
12:01---------23.05-----------2494.24 (+0.93%)
Market Close.

Value turnover: PhP 3.119 bn
Cross transactions: PhP 825 mn

Advancers 52
Decliners 49
Unchanged 55

Sectoral Indices.
Industrial +2.15%
M-O +1.66%
Fianancial +1.26%
Services +0.84%
Property +0.55%
Holdings -1.04%

The Day's Top Gainers:
PECB: PhP 10.25; +28.13%
PO: PhP 3.20; +14.29%
ATS: PhP 1.38; +13.11%

The Day's Biggest Decliners:
ALCO: PhP 0.15; -25.00%
ECP: PhP 1.60; -18.37%
LSC: PhP 1.08; -10.00%

At mid-day:
Asian equities markets were mostly down.
The Philippine Peso was at PhP 47.356 vs US$ 1.00.

CLOSING PRICES OF SELECT STOCKS (as of June 4, 2009):
ABA: PhP 0.97
ALI: PhP 9.40
DGTL: PhP 1.34
EDC: PhP 4.00
EIBA: PHP 0.26
FLI: PhP 0.81
GEO: PhP 0.73
GOB: PhP 0.17
JOH: PhP 1.30
LOTO: PhP 10.00
MEG: PhP 1.10
MPI: PhP 6.00
MUSX: PhP 0.12
PAX: PhP 2.95
PX: PhP 6.70
SPH: PhP 2.90
SUN: PhP 0.50
TA: PhP 1.04
UW: PhP 0.115
V: PhP 1.14
WEB: PhP 0.050