The Philippine Stock Market - July 28, 2009

Dow Jones Industrial Average (DJIA) Summary
Index Value: 9,108.51
Trade Time: July 27
Change: Up 15.27 (+0.17%)
Prev Close: 9,093.24
Open: 9,093.09
Day's Range: 9,034.52 - 9,123.40

WallStreet closed a little higher as it traded within the 9000-9100 level for most of the time.

The local equities market continues its rise as the advance in Meralco shares props up the market. The Philippine Stock Exchange Index (PSEi) tries to establish new 10-month highs.

PSEi previous close - 2732.62 (July 27)

time-----------up------------PSEi
9:31---------13.70--------2746.32
9:32---------19.73
9:36---------20.42
9:37---------25.33
9:39---------26.94
9:40---------29.51--------2762.13
9:43---------23.01

After a jackrabbit start, the market retreats. Some investors are in the profit taking mode as the Relative Strength Index (RSI) was already at 81.40 yesterday. This indicates that the market is at overbought levels.

9:58---------21.32
9:59---------19.66
10:01--------16.11
10:04--------14.11
10:06--------13.16
10:08--------10.03
10:13---------9.45
10:14---------8.15
10;19---------8.00
10:20---------7.36
10:25---------6.11
10:34---------3.96
10:37---------2.77--------2735.39

The market gives back most of its early gains. But then, the market rebounds strongly.

10:40--------5.08
10:41--------6.14
10:46-------13.85
10:50-------16.27
10:53-------18.07
10:55-------22.78
10:56-------25.67
10:57-------28.45
10:58-------30.81
11:00-------33.54
11:04-------33.62
11:05-------34.09---------2766.71

At this point, Meralco (MER) is at PhP 272.50 (+21.11%) from PhP 225 yesterday.
MER accounts for a rise of 44.76 points in the PSEi.

11:08-------26.97
11:10-------25.97

At this point, MER is at PhP 262.50 (+16.67%).
MER accounts for a rise of 35.33 points in the PSEi.

11:22-------32.20
11:26-------34.14
11:28-------36.34
11:29-------37.43
11:34-------36.24
11:40-------34.85
11:45-------30.92
11:51-------35.14
11:55-------40.45
11:59-------43.04---------2775.66 (day's high)
12:01-------36.14---------2768.76 (+1.32%)
Market Close.

Value turnover: PhP 4.188 bn
Cross transactions: PhP 1.363 bn
Block Sale: 769,100 shs MER @ PhP 250.00 = PhP 192.275 mn

MER close at PhP 272.50 (+21.11%).
MER accounts for a rise of 44.76 points in the PSEi. If not for this, the market would have been down today.

Industrial +6.73%
Services +0.84%
Financial -1.75%
M-O -1.58%
Holdings -1.19%
Property -0.63%

The Day's Top Gainers:
ICTV: PhP 1.30; +30.00%
PHES: PhP 0.215; +26.47%
MER: PhP 272.50; +21.11%

The Day's Biggest Decliners:
JTH: PhP 1.60; -11.11%
SLI: PhP 0.81; -10.00%
OV: PhP 0.013; -7.14%


CLOSING PRICES OF SELECT STOCKS (as of July 28, 2009):
ABA: PhP 0.93
ALI: PhP 9.20
DGTL: PhP 1.34
EDC: PhP 4.60
EIBA: PHP 0.26
FLI: PhP 0.85
GEO: PhP 0.74
GOB: PhP 0.17
JOH: PhP 1.40
LOTO: PhP 10.25
MPI: PhP 5.80
MUSX: PhP 0.125
PX: PhP 7.90
SFI: PhP 0.205***
SPH: PhP 3.05
SUN: PhP 0.47
TA: PhP 0.99
UW: PhP 0.105
WEB: PhP 0.055

*** SFI Volume turnover for the last 3 days of last week:
July 22 - PhP 28.80 mn shs
July 23 - 92.64 mn
July 24 - 138.19 mn

Total volume turnover for the three days was 259.63 mn shs or 28.46% of the total outstanding shs (912.09 mn) or 32.34% of the total listed shs (802.62 mn).

Previous Volume turnover:
2007 - 125.65 mn shs
2008 - 10.77 mn