The Philippine Stock Market - December 1, 2009

Dow Jones Industrial Average (DJIA) Summary
Index Value: 10,344.84
Trade Time: Nov 30
Change: Up 34.92 (+0.34%)
Prev Close: 10,309.92
Open: 10,309.77
Day's Range: 10,263.29 - 10,364.34

With WallStreet closing higher overnight (which seemingly has already discounted the Dubai financial crisis); the local equities market opens up and goes on to reach a new 21-month high level. The Philippine Stock Exchange Index (PSEi) advanced by 1.74% and ended just under the 3100 level. Investors are now looking forward for a "Christmas " rally.

PSEi previous close - 3044.97 (Nov. 27)

open: 3051.45 (+6.48)
high / close: 3097.92 (+52.95 or +1.74%)

Advancers 72
Decliners 27
Unchanged 57

Value turnover: PhP 3.109 bn
Cross transactions: PhP 981.54 mn
Block Sale: 500,000,000 ISM shs @ PhP 0.060 = PhP 30.00 mn

Sectoral Indices were higher across-the-board:
M-O +4.30%
Property +3.63%
Industrial +2.02%
Services +1.04%
Financial +0.76%
Holdings +0.38%

The Day's Top Gainers:
JOH: PhP 3.00; +20.00%
ACR: PhP 1.46; +17.74%
VITA: PhP 0.42; +10.53%

The Day's Biggest Decliners:
CEU: PhP 8.50; -5.56%
ELI: PhP 0.43; -4.44%
AR: PhP 0.0044; -4.35%

At mid-day:
Asian equities markets were up.
The Philippine Peso was at PhP 47.038 vs US$ 1.00.


CLOSING PRICES OF SELECT STOCKS (as of December 1, 2009):
ABA: PhP 0.88
AGI: PhP 4.45
BHI: PhP 0.11
CYBR: PhP 0.56
DGTL: PhP 1.34
EDC: PhP 4.20
EIBA: PHP 0.26
GEO: PhP 0.85
GOB: PhP 0.17
JOH: PhP 3.00
MPI: PhP 2.80
MUSX: PhP 0.13
SFI: PhP 0.155
SPH: PhP 3.45
SUN: PhP 0.51
TA: PhP 1.16
UW: PhP 0.135