The Philippine Stock Market - August 17, 2009

The local equities market followed last Friday's decline in WallStreet. The Philippine Stock Exchange Index (PSEi) broke below the 2800 level and fell by almost 3.0% today.

PSEi previous close - 2850.01 (August 14)

time----------down------------PSEi
9:31---------13.65-----------2836.36
9:34---------30.11
9:38---------41.25
9:44---------50.25-----------2799.76

The support at the 2800 level gives way and the decline accelerates.

9:47---------56.00
9:51---------64.93
9:54---------71.78
9:56---------74.20
10:01--------78.64
10:06--------80.55
10:16--------81.58
10:22--------85.92
10:43--------88.84
10:55--------89.40-----------2760.61 (Day's low)
11:00--------85.34

The market moves in a narrow range in the last hour of the trading session.

11:03--------82.22
11:10--------80.66
11:15--------86.04
11:31--------81.96
11:57--------84.55
12:01--------78.83----------2771.18 (-2.77%)
Market Close.

Value turnover: PhP 2.801 bn
Cross transactions: PhP 624 mn
Block Sale: 1,904,294 MER shs @ PhP 230.00 = PhP 438.25 mn

Advancers 16
Decliners 114
Unchanged 24

There was no index issue gainer.

Sectoral Indices were lower across-the-board:
M-O -3.52%
Industrial -3.14%
Property -3.02% +0.43%
Services -2.98%
Holdings -2.31%
Financial -1.82%

The Day's Top Gainers:
PRIM: PhP 0.71; +14.52%
MFC: PhP 1,100.00; +10.00%
IRC: PhP 0.53; +6.00%

The Day's Biggest Decliners:
EURO: PhP 1.30; -27.78%
JOH: PhP 1.60; -11.11%
MPI: PhP 6.00; -9.09%


CLOSING PRICES OF SELECT STOCKS (as of August 17, 2009):
ABA: PhP 0.92
ALI: PhP 9.40
CYBR: PhP 0.70
DGTL: PhP 1.40
EDC: PhP 4.35
EIBA: PHP 0.26
GEO: PhP 0.76
GOB: PhP 0.17
JOH: PhP 1.60
LOTO: PhP 11.25
MPI: PhP 6.00
MUSX: PhP 0.12
PX: PhP 10.00
SFI: PhP 0.155
SPH: PhP 2.85
SUN: PhP 0.47
TA: PhP 1.02
UW: PhP 0.115