The Philippine Stock Market - August 6, 2009

Dow Jones Industrial Average (DJIA) Summary
Index Value: 9,280.97
Trade Time: August 5
Change: Down 39.22 (-0.42%)
Prev Close: 9,320.19
Open: 9,315.36
Day's Range: 9,206.45 - 9,318.08

WallStreet retreats a bit and the DJIA closes below the 9300 level.

The Philippine Stock Echange resumes trading operations today and the local equities market finally succumbs to a much needed correction. The Philippine Stock Exchange Index (PSEi) opened only slightly lower and was even in positive territory very early in the session. The market however, soon retreated and the drop acclerated throughout the session. It touched its low with only about 15 minutes of trading left before bouncing back up a bit just before the close.

The Philippine Inflation figure for July 2009 came out at 0.2%; a 22-year low.

PSEi previous close - 2886.96 (August 4)

open: 2883.00 (-3.96)
high: 2887.61 (+0.75)
low: 2826.74 (-60.22)
close 2841.21 (-45.75 or -1.58%)

Value turnover: PhP 3.595 bn
Cross transactions: PhP 1.159 bn
Block Sales: 15000 TEL shs @ PhP 2619.89
---------------20000 TEL shs @ PhP 2590.73
---------------Total----------------PhP 91.112 mn

Advancers 39
Decliners 66
Unchanged 58

Services -3.47%
Holdings -2.54%
Property -0.91%
Industrial +0.34%
Financial +0.47%
M-O +0.61%

The Day's Top Gainers:
UPM: PhP 0.011 +29.41%
HP: PhP 3.55; +16.39%
MAB: PhP 0.029; +16.00%

The Day's Biggest Decliners:
PHES: PhP 0.15; -21.05%
BCB: PhP 8.00' -15.79%
APM: PhP 0.0075; -11.76%

At mid-day:
Asian equities markets were mostly higher.
The Philippine Peso was at the PhP 47.776 vs US$ 1.00.


CLOSING PRICES OF SELECT STOCKS (as of August 6, 2009):
ABA: PhP 0.93
ALI: PhP 9.40
DGTL: PhP 1.50
EDC: PhP 4.75
EIBA: PHP 0.26
GEO: PhP 0.75
GOB: PhP 0.17
JOH: PhP 1.50
LOTO: PhP 10.25
MPI: PhP 5.50
MUSX: PhP 0.13
PX: PhP 7.90
SFI: PhP 0.20
SPH: PhP 3.05
SUN: PhP 0.47
TA: PhP 1.00
UW: PhP 0.105
WEB: PhP 0.060