The Philippine Stock Market - August 7, 2009

Dow Jones Industrial Average(DJIA) Summary
Index Value: 9,256.26
Trade Time: August 6
Change: Down 24.71 (-0.27%)
Prev Close: 9,280.97
Open: 9,277.19
Day's Range: 9,208.80 - 9,325.11

The local equities market continues its correction. The Philippine Stock Exchange Index (PSEi) immediately opened lower, broke below the 2800 level and then closed near its low.

PSEi previous close - 2841.21 (August 6)

time------------down--------------PSEi
9:31----------17.57-------------2823.64
9:32----------29.46
9:48----------31.32
9:53----------35.74
10:00---------38.25-------------2803.00

The support at 2800 is tested.

10:03---------34.38
10:05---------33.20
10:07---------30.28-------------2810.93
10:24---------34.67
10:39---------37.08
10:46---------38.28
10:50---------40.34
10:59---------42.47-------------2798.74

The 2800 level falls through and the market heads lower.

11:16---------43.69
11:23---------47.01
11:31---------50.57
11:36---------52.04
11:41---------56.08
11:43---------60.94
11:58---------61.20------------2780.01 (Day's low)
12:01---------58.23------------2782.98 (-2.05%)
Market Close.

Value turnover: PhP 2.849 bn
Cross transactions: PhP 787 mn

Advancers 40
Decliners 80
Unchanged 46

Sectoral Indices:
Services -3.18%
Holdings -2.40%
Industrial -2.37%
Financial -1.87%
Property -0.13%
M-O +6.73%

The Day's Top Gainers:
BCB: PhP 9.60; +20.00%
MII: PhP 3.25; +16.07%
PO: PhP 4.00; +14.29%

The Day's Biggest Decliners:
VVT: PhP 3.40; -17.07%
AR: PhP 0.0050; -9.09%
PWR: PhP 0.31; -6.06%

At mid-day:
Asian equites markets were mostly lower.
The Philippine Peso was at PhP 47.812 vs US$ 1.00.


CLOSING PRICES OF SELECT STOCKS (as of August 7, 2009):
ABA: PhP 0.91
ALI: PhP 9.50
CYBR: PhP 0.69
DGTL: PhP 1.48
EDC: PhP 4.65
EIBA: PHP 0.26
GEO: PhP 0.74
GOB: PhP 0.17
JOH: PhP 1.54
LOTO: PhP 10.25
MPI: PhP 5.50
MUSX: PhP 0.125
PX: PhP 9.00
SFI: PhP 0.195
SPH: PhP 3.00
SUN: PhP 0.48
TA: PhP 1.02
UW: PhP 0.11
WEB: PhP 0.060