The Philippine Stock Market - July 23, 2009

Dow Jones Industrial Average (DJIA) Summary
Index Value: 8,881.26
Trade Time: July 22
Change: Down 34.68 (-0.39%)
Prev Close: 8,915.94
Open: 8,912.39
Day's Range: 8,860.32 - 8,949.80

WallStreet closed a little lower after trading in a range around the 8900 level. The local equities market also corrected after the past day's gains, but limits its losses and closed with only a marginal decline. The Philippine Stock Exchange Index (PSEi) tests the 2600 level as a support.

PSEi previous close - 2612.38 (July 22)

time---------change----------PSEi
9:31-----down 0.54-------2811.84
9:34------------2.32
9:39------------5.65
9:44-----------10.84
9:46-----------13.16-------2599.22

The 2600 level gives way and the decline slightly accelerates.

9:51-----down 14.60
10:00----------17.40
10:11----------18.94
10:17----------20.96-------2591.42 (Day's low)
10:26----------18.44
10:30----------16.03
10:37----------13.54
10:41----------11.09-------2601.29

The market recovers and goes above the 2600 level again. The support holds for the rest of the trading session.

10:51----down 9.26
10:56----------4.56
11:02----------1.69
11:08----------0.08
11:10-------up 0.41

The PSEi tries to go into positive territory.

11:11-------up 3.18
11:19----down 0.72
11:21-------up 3.38
11:23----------3.96--------2616.34 (Day's high)
11:26----------0.61
11:34----down 3.14

The market stays in the red the rest of the way.

11:37----down 3.80
11:44---------5.07
11:46---------1.71
11:53---------4.71
11:56---------8.86
12:01---------0.38---------2612.00 (-0.014%)
Market Close.

Value turnover: PhP 3.322 bn
Cross transactions: PhP 1.092 bn

Advancers 69
Decliners 40
Unchanged 61

Sectoral Indices.
M-O -0.49%
Financial -0.44%
Holdings -0.37%
Services -0.03%
Property +0.51%
Industrial +0.77%

The Day's Top Gainers:
IMP: PhP 12.50; +38.89%
RCM: PhP 2.65; +25.00%
RFM: PhP 0.54; +22.73%

The Day's Biggest Decliners:
VITA: PhP 0.13; -18.75%
SPC: PhP 2.65; -8.62%
JOH: PhP 1.28; -8.57%

At mid-day:
Asian equities markets were up.
The Philippine Peso was at PhP 48.143 vs US$ 1.00.


CLOSING PRICES OF SELECT STOCKS (as of July 23, 2009):
ABA: PhP 0.95
ALI: PhP 8.90
DGTL: PhP 1.34
EDC: PhP 4.30
EIBA: PHP 0.26
FLI: PhP 0.79
GEO: PhP 0.73
GOB: PhP 0.17
JOH: PhP 1.28
LOTO: PhP 10.25
MEG: PhP 1.12
MPI: PhP 5.60
MUSX: PhP 0.115
PAX: PhP 2.80
PX: PhP 8.00
SPH: PhP 2.85
SUN: PhP 0.47
TA: PhP 1.00
UW: PhP 0.10
V: PhP 1.06
WEB: PhP 0.055