The Philippine Stock Market - September 3, 2009

The DJIA continued its decline and closed lower overnight by 29.93 points to end at 9280.67.

The local equities market was also in the red and tested once again the 2800 level. The Philippine Stock Exchange Index (PSEi) however got back most of its losses.

PSEi previous close - 2808.21 (September 2)

time------------down------------PSEi
9:31-----------3.56-----------2804.65
9:35-----------2.81
9:37-----------4.18
9:40-----------5.49
9:45-----------6.89
9:47-----------7.83-----------2800.38

The 2800 level is tested.

9:48-----------8.97-----------2799.24

Once it is broken, the decline immediately accelerates.

9:49----------15.42
9:50----------16.37
9:52----------17.31
9:53----------18.16
9:55----------19.03
9:56----------21.97
9:57----------23.16
9:58----------23.90
9:59----------29.08
10:01---------31.11----------2777.10

10:11---------26.67
10:18---------29.19
10:19---------30.60
10:20---------32.76
10:23---------34.15----------2774.06 (Day's low)

10:25---------30.71
10:31---------28.58
10:32---------32.92
10:55---------24.84
11:02---------23.68

The market rebounds from its low.

11:04---------20.62
11:22---------20.20
11:29---------20.61

The last half-hour of trading has the PSEi recovering most of its earlier losses.

11:37---------18.21
11:42---------14.20
11:54---------12.77
11:58---------10.06
12:01----------4.90-----------2803.31 (-0.17%)
Market Close.

Value turnover: PhP 2.772 bn
Cross transactions: PhP 799mn

Advancers 58
Decliners 51
Unchanged 60

Sectoral Indices:
Financial -0.91%
Services -0.48%
Property -0.003%
Industrial +0.30%
Holdings +0.39%
M-O +1.54%

The Day's Top Gainers:
MIHB: PhP 0.76; +35.71%
OPM: PhP 0.018; +20.00%
ETON: PhP 2.70; +18.42%

The Day's Biggest Decliners:
FJP: PhP 1.08; -40.00%
IRC: PhP 0.55; -26.67%
VITA: PhP 0.14; -15.15%

At mid-day:
Asian equities markets were mostly higher.
The Philippine Peso was at PhP 48.831 vs US$ 1.00.


CLOSING PRICES OF SELECT STOCKS (as of September 2, 2009):
ABA: PhP 0.95
AGI: PhP 4.70
ALI: PhP 10.50
CYBR: PhP 0.70
DGTL: PhP 1.46
EDC: PhP 4.60
EIBA: PHP 0.26
GEO: PhP 0.88
GOB: PhP 0.17
JOH: PhP 2.00
LOTO: PhP 10.75
MPI: PhP 5.70
MUSX: PhP 0.125
PX: PhP 10.25
SFI: PhP 0.155
SPH: PhP 3.05
SUN: PhP 0.51
TA: PhP 1.00
UW: PhP 0.11