The Philippine Stock Market - July 10, 2009

Dow Jones Industrial Average (DJIA) Summary
Index Value: 8,183.17
Trade Time: July 9
Change: Up 4.76 (+0.06%)
Prev Close: 8,178.41
Open: 8,179.01
Day's Range: 8,145.31 - 8,228.67

The local equities market closes the week much like the previous days; as it moves in a narrow range with light to moderate value turnover. The Philippine Stock Exchange Index (PSEi) traded slightly higher today and is now just below the 2500 level.

RP May 09 Exports down 27% year-on-year but up 10% month-on-month.
The Bangko Sentral ng Pilipinas (BSP) lowers interest rates to a record low 4.00%. It is the 6th policy rate cut (for a total of 200 basis points) since December 2008.

PSEi previous close - 2473.85 (July 9)

open - 2479.78 (+5.93)
low - 2478.38 (+4.53)
high - 2489.32 (+15.47)
close - 2487.22 (+ 13.37 or +0.54%)

Value turnover: PhP 2.232 bn
Cross transactions: PhP 1.132 bn

Advancers 51
Decliners 45
Unchanged 56

Sectoral Indices.
Industrial +1.04%
Services +0.77%$
M-O +0.65%
Property +0.44%
Holdings +0.25%
Financial -0.44%

The Day's Top Gainers:
WPI: PhP 0.35; +34.62%
ORE: PhP 0.80; +25.00%
SLI: PhP 0.80; +23.08%

The Day's Biggest Decliners:
LIB: PhP 2.70; -11.48%
I: PhP 3.85; -9.41%
CA: PhP 50.00; -9.09%

At mid-day:
Asian equities markets were mixed.
The Philippine Peso was at PhP 48.146 vs US$ 1.00.


CLOSING PRICES OF SELECT STOCKS (as of July 10, 2009):
ABA: PhP 1.00
ALI: PhP 8.40
DGTL: PhP 1.30
EDC: PhP 3.90
EIBA: PHP 0.26
FLI: PhP 0.72
GEO: PhP 0.62
GOB: PhP 0.17
JOH: PhP 1.20
LOTO: PhP 10.25
MEG: PhP 1.00
MPI: PhP 5.70
MUSX: PhP 0.105
PAX: PhP 2.44
PX: PhP 7.50
SPH: PhP 2.44
SUN: PhP 0.46
TA: PhP 0.96
UW: PhP 0.0975
V: PhP 1.02
WEB: PhP 0.0525