The Philippine Stock Market - July 16, 2009

Dow Jones Industrial Average (DJIA) Summary
Index Value: 8,616.21
Trade Time: July 15
Change: Up 256.72 (+3.07%)
Prev Close: 8,359.49
Open: 8,363.95
Day's Range: 8,363.95 - 8,628.23

The DJIA had a strong rally and broke above the 8500 level convincingly.

The more than 3% advance in WallStreet had the local equities market immediately open higher. The Philippine Stock Exchange Index (PSEi) however, then just traded in a narrow range after the initial spurt.

PSEi previous close - 2515.95 (July 15)

time-----------up------------PSEi
9:31----------30.18--------2546.13
9:32----------33.93
9:33----------34.20
9:34----------39.87
9:37----------41.00
9:40----------41.62--------2557.57

9:49----------35.28
9:52----------33.21

9:56----------39.64
10:01---------42.87
10:05---------43.02
10:15---------44.15---------2560.10 (Day's high)

The market moves in a narrow range for the rest of the session.

10:23---------35.96
10:31---------39.37
10:42---------35.45
11:03---------39.04
11:06---------42.72
11:14---------35.36
11:35---------33.43
11:47---------39.42
11:49---------38.58
11:57---------43.57
12:01---------38.01---------2553.96 (+1.51%)
Market Close.

Value turnover: PhP 3.720 bn
Cross transactions: PhP 1.308 bn

Advancers 76
Decliners 25
Unchanged 65

Sectoral Indices.
Property +2.58%
Industrial +2.22%
Holdings +2.15%
Financial + 1.49%
M-O +0.62%
Services +0.06%

The Day's Top Gainers:
TOL: PhP 7.00; +34.62%
MHC: PhP 0.36; +16.13%
PO: PhP 3.60; +12.50%

The Day's Biggest Decliners:
FED: PhP 6.00; -33.33%
SUN: PhP 0.44; -8.33%
T: PhP 3.00; -6.25%

At mid-day:
Asian equities markets were higher.
The Philippine Peso was at PhP 47.991 vs US$ 1.00.

OFW remittances rose 3.7% in May (higher than the 2-3% expected rise) to reach a record PhP 1.48 bn.


CLOSING PRICES OF SELECT STOCKS (as of July 16, 2009):
ABA: PhP 0.96
ALI: PhP 8.70
DGTL: PhP 1.36
EDC: PhP 4.10
EIBA: PHP 0.26
FLI: PhP 0.79
GEO: PhP 0.65
GOB: PhP 0.17
JOH: PhP 1.20
LOTO: PhP 10.00
MEG: PhP 1.10
MPI: PhP 5.70
MUSX: PhP 0.11
PAX: PhP 2.50
PX: PhP 7.80
SPH: PhP 2.85
SUN: PhP 0.44
TA: PhP 0.98
UW: PhP 0.10
V: PhP 1.08
WEB: PhP 0.055