The Philippine Stock Market - November 27, 2009

WallSreet was closed for the Thanksgiving Holiday.

European stocks were down the most in 7 months as Dubai World seeks to delay payment of its $59 bn loans. Dubai World is an investment company that manages and supervises a portfolio of businesses and projects for the Dubai Government.
Because of this new threat to the financial systems and the uncertainty of its extent; the local equities markets immediately fell steeply. The Philippine Stock Exchange Index (PSEi) however was able to recover some of its losses. Investors await the reaction in WallStreet tonight and on Monday. (The Philippine Stock Market will resume trading on Tuesday.)

PSEi previous close - 3089.82 (Nov. 26)

open: 3023.92 (-65.90)
high: 3021.02 (-68.80)
close: 3044.97 (-44.85 or -1.45%)

Advancers 29
Decliners 80
Unchanged 64

Value turnover: PhP 2.642 bn
Cross transactions: PhP 708 mn
Block Sales: 745,351,648 SMC shs @ PhP 75.00 = PhP 55.898 bn
----------------111,808,266 SMCB shs @ PhP 75.00 = PhP 8.385 bn

Sectoral Indices fell across-the-board:
M-O -5.32%
Property -3.43%
Services -1.01%
Financial -0.92%
Industrial -0.85%
Holdings -0.29%

The Day's Top Gainers:
ROX: PhP 3.35; +17.54%
HP: PhP 2.90; +7.41%
PTC: PhP 55.00; +5.77%

The Day's Biggest Decliners:
PO: PhP 2.50; -30.56%
OMW2: PhP 0.0030; -16.67%
UW: PhP 0.125; -10.71%

At mid-day:
Asian equities markets were down.
The Philippine Peso was at PhP 47.084 vs US$ 1.00.


CLOSING PRICES OF SELECT STOCKS (as of November 27, 2009):
ABA: PhP 0.88
AGI: PhP 4.25
BHI: PhP 0.105
CYBR: PhP 0.56
DGTL: PhP 1.34
EDC: PhP 4.05
EIBA: PHP 0.26
GEO: PhP 0.83
GOB: PhP 0.17
JOH: PhP 2.50
MPI: PhP 2.70
MUSX: PhP 0.13
SFI: PhP 0.155
SPH: PhP 3.45
SUN: PhP 0.51
TA: PhP 1.16
UW: PhP 0.125