The Philippine Stock Market - July 3, 2009

Dow Jones Industrial Average (DJIA) Summary
Index Value: 8,280.74
Trade Time: July 2
Change: Down 223.32 (-2.63%)
Prev Close: 8,504.06
Open: 8,503.00
Day's Range: 8,280.74 - 8,503.23

The DJIA plunged on disappointing jobs data and declined more than two and a half percent.
The local equities market traded with a downward bias because of the large drop in WallStreet. However, the Philippine Stock Exchange Index (PSEi) again managed to keep losses at a minimum.

PSEi previous close - 2438.04 (July 2)

time-----------down-----------PSEi
9:31---------15.10----------2422.94
9:32---------18.19
9:35---------21.12
9:39---------22.78
9:42---------24.01
9:45---------25.36----------2412.68 (day's low)

After the initial declines, the market slowly recovers and regains some of its losses.

The market moves in a narrow range in the next couple of hours.

9:54---------19.56
9:59---------18.63
10:06--------17.39
10:20--------19.27
10:29--------16.77
10:32--------16.49
10:40--------17.00
10:44--------16.35
10:54--------18.29
10:57--------19.12
11:01--------15.26
11:15--------16.62
11:17--------14.97
11:34--------15.57
11:39--------14.47
11:50--------15.16

The markets minimizes its losses in the last minutes of the session.

11:55--------11.76
11:58--------10.73
11:59---------4.99
12:01---------6.70----------2431.34 (-0.27%)
Market Close.

Value turnover: PhP 1.503 bn
Cross transactions: Ph 685 mn

Advancers 28
Decliners 54
Unchanged 59

Sectoral Indices:
M-O -1.28%
Services -0.69%
Financial -0.36%
Holdings -0.33%
Industrial +0.11%
Property +0.72%

The Day's Top Gainers:
OMW2: PhP 0.0042; +10.53%
UW: PhP 0.0975; +8.33%
MA: PhP 0.013; +8.33%

The Day's Biggest Decliners:
BHI: PhP 0.10; -16.67%
MIH: PhP 0.49; -15.52%
DFNN: PhP 7.30; -8.75%

At mid-day:
Asian equities markets were down.
The Philippine Peso was at PhP 48.237 vs US$ 1.00.


CLOSING PRICES OF SELECT STOCKS (as of July 03, 2009):
ABA: PhP 0.96
ALI: PhP 8.20
DGTL: PhP 1.32
EDC: PhP 3.85
EIBA: PHP 0.26
FLI: PhP 0.71
GEO: PhP 0.62
GOB: PhP 0.17
JOH: PhP 1.20
LOTO: PhP 10.00
MEG: PhP 0.96
MPI: PhP 5.80
MUSX: PhP 0.11
PAX: PhP 2.48
PX: PhP 7.10
SPH: PhP 2.80
SUN: PhP 0.40
TA: PhP 0.93
UW: PhP 0.0975
V: PhP 1.00
WEB: PhP 0.0525