The Philippine Stock Market - August 10, 2009

The local equities market opened higher and immediately zoomed past the 2800 level as it played catch up with the rise in the DJIA last Friday. After the correction late last week, the Philippine Stock Exchange (PSEi) closed at a level near its day's high.

PSEi previous close - 2782.98 (August 7)

time------------up-------------PSEi
9:31------------5.58----------2788.56
9:32----------57.80----------2840.78

The PSEi just swept past the 2800 level.

9:33----------61.61
9:34----------66.24
9:37----------68.64---------2851.62 (Day's high)

After the initial surge, the market consolidates its gains for the rest of the session.

9:43----------62.73
9:45----------60.70
9:48----------56.90
9:56----------62.94
10:09---------58.16
10:11---------54.86
10:29---------51.69
10:33---------45.24--------2828.22
10:51---------47.15
10:56---------50.50
11:02---------54.57
11:04---------57.05
11:09---------58.15
11:15---------58.85
11:20---------60.07
11:30---------61.45
11:41---------63.81
11:49---------59.87
12:01---------67.60-------2850.58 (+2.43%)
Market Close.

Value turnover: PhP 10.230 bn
Cross transactions: PhP 987 mn
Block Sales: 778.636 mn PLTL shs @ PhP 8.50 = PhP 6.618 bn

Advancers 83
Decliners 32
Unchanged 49

Sectoral Indices were higher across-the-board:
M-O +7.39%
Industrial +4.91%
Holdings +1.62%
Property +1.35%
Services +1.33%
Financial +0.91%

The Day's Top Gainers:
PAX: PhP 3.65; +35.19%
FEd: PhP 6.10; +17.31%
RLT: PhP 0.43; +16.22%

The Day's Biggest Decliners:
SFI: PhP 0.175; -10.26%
PRIM: PhP 0.70; -0.26%
HI: PhP 2.20; -6.78%

At mid-day:
Asian equities markets were up.
The Philippine Peso was at PhP 47.722 vs US$ 1.00.


CLOSING PRICES OF SELECT STOCKS (as of August 10, 2009):
ABA: PhP 0.90
ALI: PhP 9.50
CYBR: PhP 0.70
DGTL: PhP 1.44
EDC: PhP 4.75
EIBA: PHP 0.26
GEO: PhP 0.74
GOB: PhP 0.17
JOH: PhP 1.60
LOTO: PhP 10.50
MPI: PhP 5.60
MUSX: PhP 0.125
PX: PhP 9.90
SFI: PhP 0.175
SPH: PhP 2.95
SUN: PhP 0.47
TA: PhP 1.02
UW: PhP 0.11