The Philippine Stock Market - July 20, 2009

The local equities market resumed its trading operations after its suspension last Friday , and played catch up with its asian neighbors. The Philippine Stock Exchange Index (PSEi) is now testing the 2600 level.

PSEi previous close - 2553.96 (July 16)

time---------up----------PSEi
9:31-------8.58--------2562.54
9:32------27.52
9:33------32.94
9:34------35.53
9:35------39.79--------2593.75 (Day's high)
9:40------35.35
9:49------36.81
9:50------37.45
9:54------34.86
9:55------37.00--------2590.96
10:05-----31.48
10:08-----29.46
10:13-----28.57
10:16-----25.33

10:23-----29.58
10:29-----31.04
10:37-----25.71
10:41-----24.58
10:46-----27.12
10:50-----25.59
10:58-----28.92
11:03-----30.06
11:18-----26.29
11:25-----23.32--------2577.28
11:35-----26.96
11:43-----26.34
11:54-----29.02
11:59-----26.73
12:01-----33.95--------2587.91 (+1.33%)
Market Close.

Value turnover: PhP 3.541 bn
Cross transactions: PhP 1.291 bn
Block Sale: 69860 CHIB shs @ PhP 320 = PhP 22.355 mn

If the 2600 immediate resistance is breached, the next target is the 2626.21 (June 15, 2009 high) - 2627.48 (Sept 29, 2008 high) levels.

Advancers 78
Decliners 31
Unchanged 53

Sectoral Indices:
Property +2.73%
Industrial +1.88%
Holdings +1.71%
Financial +0.71%
Services +0.58%
M-O +0.07%

The Day's Top Gainers:
PHES: PhP 0.225; +50.00%
MB: PhP 0.52; +18.18%
RCI: PhP 2.00; +17.65%
JOH: PhP 1.40; +16.67%

The Day's Biggest Decliners:
WPI: PhP 0.29; -17.14%
SFI: PhP 0.18; -14.29%
EVER: PhP 0.09; -10.00%
LC: PhP 0.225; -6.25%

At mid-day:
Asian equities markets were higher.
The Philippine Peso was at phP 47.933 vs US$ 1.00.


CLOSING PRICES OF SELECT STOCKS (as of July 20, 2009):
ABA: PhP 0.97
ALI: PhP 9.00
DGTL: PhP 1.34
EDC: PhP 4.15
EIBA: PHP 0.26
FLI: PhP 0.80
GEO: PhP 0.67
GOB: PhP 0.17
JOH: PhP 1.40
LOTO: PhP 10.25
MEG: PhP 1.10
MPI: PhP 5.50
MUSX: PhP 0.115
PAX: PhP 2.50
PX: PhP 7.90
SPH: PhP 2.90
SUN: PhP 0.47
TA: PhP 0.98
UW: PhP 0.10
V: PhP 1.06
WEB: PhP 0.055