The Philippine Stock Market - July 14, 2009

Dow Jones Industrial Average (DJIA) Summary
Index Value: 8,331.68
Trade Time: July 13
Change: Up 185.16 (+2.27%)
Prev Close: 8,146.52
Open: 8,146.82
Day's Range: 8,130.42 - 8,331.68

The local equities market opened higher because of the big rise overnight in WallStreet. It immediately tested the 2500 level. But the market continue its sideways drift and the Philippine Stock Exchange Index (PSEi) ended only with slight gains.

PSEi previous close - 2483.39 (July 13)

time---------up----------PSEi
9:31-------20.43-------2503.83
9:34-------22.41
9:36-------28.33
9:45-------30.40-------2513.79 (Day's high)
9:53-------24.73
9:56-------19.96
9:57-------18.07-------2501.46
9:58-------15.53-------2498.92

The PSEi goes back below the 2500 level and momentum has been stymied.

10:08------11.68
10:12-------8.80
10:14-------6.70
10:18-------5.43

10:25-------7.58
10:39-------4.47
10:40-------3.17
10:43-------1.58
10:44-------0.21------2483.60 (Day's low)

10:50-------4.78
10:55-------2.46
11:01-------5.59
11:02-------6.27
11:04-------9.38

The market moves in a narrow range in the final hour of trading.

11:05-----10.16
11:14-----10.30
11:28-----10.86
11:32-----11.73
11:54-----10.53
11:57------8.18
11:58-----11.52
11:59-----15.80
12:01------8.81--------2492.30 (+0.36%)
Market Close.

Value turnover: PhP 2.640 bn
Cross transactions: PhP 1.026 bn
Block Sales: 223,000,000 shs MER @ PhP 90 = PhP 20.07 bn

The MER Block Sales involved the shares acquired by PLTL from the Lopez Group.
The mining stocks brought some activity into the market today. Hopefully, this could spillover into the second-tier stocks.

Advancers 64
Decliners 35
Unchanged 52

Sectoral Indices.
M-O +6.62%
Holdings +1.13%
Property +0.60%
Financial +0.56%
Services +0.54%
Industrial -1.22%

The Day's Top Gainers:
MA: PhP 0.017; +30.77%
LC: PhP 0.225; +28.57%
MAB: PhP 0.018; +28.57%
LCB: PhP 0.225; +25.00%
DIZ: PhP 0.225; +20.00%

The Day's Biggest Decliners:
MII: PhP 1.30; -27.78%
VVT: PhP 4.10; -25.45%
ATNB: PhP 4.50; -6.25%
PRIM: PhP 0.76; -6.17%
SFI: PhP 0.17; -5.56%

At mid-day:
Asian equities markets were up.
The Philippine Peso was at PhP 48.313 vs US$ 1.00.


CLOSING PRICES OF SELECT STOCKS (as of July 14, 2009):
ABA: PhP 0.99
ALI: PhP 8.40
DGTL: PhP 1.36
EDC: PhP 3.80
EIBA: PHP 0.26
FLI: PhP 0.73
GEO: PhP 0.65
GOB: PhP 0.17
JOH: PhP 1.20
LOTO: PhP 10.00
MEG: PhP 1.02
MPI: PhP 5.70
MUSX: PhP 0.105
PAX: PhP 2.42
PX: PhP 7.70
SPH: PhP 2.75
SUN: PhP 0.48
TA: PhP 0.97
UW: PhP 0.0975
V: PhP 1.02
WEB: PhP 0.055