The Philippine Stock Market - August 18, 2009

Dow Jones Industrial Average (DJIA) Summary
Index Value: 9,135.34
Trade Time: August 17
Change: Down 186.06 (-2.00%)
Prev Close: 9,321.40
Open: 9,313.85
Day's Range: 9,116.52 - 9,313.85

WallStreet fell on worries about the pace of economic recovery and the recent rise in the DJIA.

The local equities market immediately fell because of the 2.00% overnight drop in the DJIA. The Philippine Stock Exchange Index (PSEi) tests the 2700 level but recovered half of its losses by the close of the trading session.

PSEi previous close - 2771.18 (August 17)

time------------down-------------PSEi
9:31------------51.32-----------2719.86
9:35------------57.96
9:45------------60.62
10:10-----------64.68
10:12-----------71.50-----------2699.68

The PSEi goes below the 2700 level.

10:23-----------72.05
10:29-----------73.59
10:35-----------75.95
10:38-----------77.80
10:43-----------78.05-----------2693.13 (Day's low)

10:46-----------71.89
10:49-----------68.88-----------2702.30

The market goes back above the 2700 level and starts to recover and regain some of its losses.

10:52-----------67.43
10:53-----------63.20
10:54-----------60.95
10:55-----------58.53

11:04-----------54.23
11:05-----------52.35
11:07-----------50.99
11:09-----------49.58

11:11-----------47.40
11:12-----------44.78
11:13-----------43.72
11:16-----------38.13

After rebounding in spurts, the market trades in a narrow range for the rest of the session.

11:28-----------41.20
11:37-----------39.75
11:47-----------39.36
11:54-----------38.09
11:57-----------37.97
12:01-----------39.63----------2731.55 (-1.43%)
Market Close.

Value turnover: PhP 3.203 bn
Cross tansactions: PhP 814 mn

Advancers 33
Decliners 72
Unchanged 55

Sectoral Indices.
M-O -1.91%
Services -1.90%
Financial -1.09%
Industrial -1.08%
Property -0.78%
Holdings +0.05%

The Day's Top Gainers:
EURO: PhP 1.70; +30.77%
BPC: PhP 3.55; +20.34%
JOH: PhP 1.80; +12.50%

The Day's Biggest Decliners:
PBC: PhP 33.00; -13.16%
PO: PhP 3.00; -10.45%
MFC: PhP 1,000.00; -9.09%

At mid-day:
Asian equities markets were down.
The Philippine Peso was at PhP 48.313 vs US$ 1.00.


CLOSING PRICES OF SELECT STOCKS (as of August 18, 2009):
ABA: PhP 0.91
ALI: PhP 9.40
CYBR: PhP 0.71
DGTL: PhP 1.40
EDC: PhP 4.30
EIBA: PHP 0.26
GEO: PhP 0.76
GOB: PhP 0.17
JOH: PhP 1.80
LOTO: PhP 10.50
MPI: PhP 5.80
MUSX: PhP 0.12
PX: PhP 9.80
SFI: PhP 0.155
SPH: PhP 2.85
SUN: PhP 0.47
TA: PhP 1.00
UW: PhP 0.11
WEB: PhP 0.060