The Philippine Stock Market - July 27, 2009

The local equities market continues its bullish ways. The Philippine Stock Exchange Index (PSEi) reaches a new 10-month high.

PSEi previous close - 2676.57 (July 24)

time------------up------------PSEi
9:31----------10.14---------2686.71
9:33----------15.50
9:35----------17.34
9:38----------22.89
9:41----------25.72---------2702.29

The 2700 level is now breached. The advance accelerates further.

9:42----------29.25
9:47----------33.06
9:51----------37.33
9:53----------41.89
9:54----------46.73
9:57----------48.18

10:03---------44.89
10:04---------49.12
10:13---------54.73

10:17---------51.66
10:24---------56.49
10:25---------57.27---------2733.74 (Day's high)

10:36---------54.69
10:49---------53.52
10:50---------50.06

The market pulls back a bit.

10:53---------49.75
11:01---------49.68
11:10---------48.70
11:16---------46.97
11:22---------44.39
11:24---------43.38
11:31---------41.74
11:33---------40.81
11:35---------39.11
11:37---------36.01
11:38---------35.24
11:39---------34.65
11:40---------32.08
11:41---------31.91--------2708.38
11:45---------35.59

The market again closes strong in the final 15 minutes of trade.

11:46---------36.78
11:47---------38.48
11:51---------40.60
11:54---------40.89
11:58---------43.68
12:01---------56.15--------2732.62 (+2.10%)
Market Close.

Value turnover: PhP 3.909 bn
Cross transactions: PhP 977 mn

The PSEi is at its highest levels since Sept. 9, 2008. The next target resistance is at 2778.13 (August 11, 2008 high).

Advancers 78
Decliners 44
Unchanged 53

Sectoral Indices advanced across-the-board.
Industrial +3.51%
Financial +2.66%
Property +2.64%
Holdings +2.37%
M-O +0.17%
Services +0.13%

The Day's Top Gainers:
MII: PhP 2.24; +49.33%
PRIM: PhP 0.99; +39.44%
VLL: PhP 2.50; +28.87%

The Day's Biggest Decliners:
FJPB: PhP 1.22; -39.00%
MVC: PhP 0.44; -37.14%
PHES: PhP 0.17; -24.44%

At mid-day:
Asian Equities markets were mostly higher.
The Philippine Peso was at PhP 48.028 vs US$ 1.00.


CLOSING PRICES OF SELECT STOCKS (as of July 27, 2009):
ABA: PhP 0.94
ALI: PhP 9.20
DGTL: PhP 1.34
EDC: PhP 4.60
EIBA: PHP 0.26
FLI: PhP 0.85
GEO: PhP 0.75
GOB: PhP 0.17
JOH: PhP 1.40
LOTO: PhP 10.50
MEG: PhP 1.20
MPI: PhP 5.30
MUSX: PhP 0.12
PAX: PhP 2.85
PX: PhP 8.00
SPH: PhP 2.95
SUN: PhP 0.46
TA: PhP 1.00
UW: PhP 0.105
V: PhP 1.06
WEB: PhP 0.0525