The Philippine Stock Market - August 24, 2009

The local equities market resumed trading after last Friday's break and played catch up with WallStreet's advances last week. It mounted a really strong rally right from opening bell and the Philippine Stock Echange Index (PSEi) rose more than 5% today.

PSEi previous close - 2720.18 (August 20)

time------------up-------------PSEi
9:31----------31.43----------2751.61
9:34----------34.12
9:35----------36.65
9:36----------37.22
9:38----------39.02
9:42----------39.40
9:43----------46.59
9:44----------48.91
9:46----------50.10
9:47----------51.23
9:49----------52.49
9:50----------50.47
9:52----------55.41
9:55----------71.26

TEL opens at PhP 2460 from its previous close of PhP 2405.

9:56---------72.26
10:00--------77.25---------2797.43

TEL at PhP 2495 (+3.74%). This accounts for a gain of 25.41 pts in the Index.

10:01-------85.62----------2805.80

The 2800 level is breached. The bulls continue its rampage.

10:05-------86.92
10:07-------89.75
10:14-------93.25
10:17-------93.49

10:23-------91.34
10:34-------91.81
10:37-------92.56
10:38-------93.89
10:39-------96.37
10:41-------97.74
10:43------100.26
10:46------101.20
10;47------102.72
10:48------103.25
10:49------104.20
10:51------104.41
10:52------106.33
10:53------111.41
10:57------113.35
10:58------113.2
10:59------118.37
11:01------122.67-----------2838.55

TEL at PhP 2515 (+4.57%). This accounts for a gain of 31.20 pts in the Index.

11:03------115.71
11:06------120.34
11:07------124.61
11:09------127.72
11:10------130.44
11:11------133.74
11:11------135.71
11:19------139.77
11:21------141.78
11:23------142.11
11:29------144.51
11:32------147.24-----------2867.42 (day's high)

The market consolidates its gains for the rest of the session.

11:36------146.98
11:38------140.61
11:39------137.98
11:42------136.74
11:45------134.24
11:46------132.50
11:48------128.70
11:51------123.94
11:53------120.41
11:57------122.31
12:01------139.00-----------2859.18 (+5.11%)
Market Close.

Value turnover: PhP 4.215 bn
Cross transactions: PhP 1.024 bn
Block Sale: 12,610,268 NI shs @ PhP 3.52 = PhP 44.441 mn

The immediate resistance is pegged at 2894.51 (the high last August 4, 2009).

Advancers 97
Decliners 18
Unchanged 46

Sectoral Indices were higher across-the-board:
Property +6.25%
Holdings +5.42%
Industrial +4.93%
Services +4.13%
Financial +4.03%
M-O +2.71%

The Day's Top Gainers:
APXB: PhP 3.00; +50.00%
SHNG: PhP 1.68; +18.31%
MEG: PhP 1.42; +14.52%

The Day's Biggest Decliners:
TDY: PhP 2.60; -18.75%
RCI: PhP 2.00; -9.09%
BLFI: PhP 1.20; -7.69%

At mid-day:
Asian equities markets were up.
The Philippine Peso was at PhP 48.311 vs US$ 1.00.



CLOSING PRICES OF SELECT STOCKS (as of August 24, 2009):
ABA: PhP 0.90
ALI: PhP 10.00
CYBR: PhP 0.71
DGTL: PhP 1.48
EDC: PhP 4.40
EIBA: PHP 0.26
GEO: PhP 0.77
GOB: PhP 0.17
JOH: PhP 2.02
LOTO: PhP 11.00
MPI: PhP 6.00
MUSX: PhP 0.125
PX: PhP 10.25
SFI: PhP 0.155
SPH: PhP 2.90
SUN: PhP 0.45
TA: PhP 1.02
UW: PhP 0.10