Dow Jones Industrial Average (DJIA) Summary
Index Value: 13,010.00
Trade Time: May 1
Change: Up 189.87 (+1.48%)
Prev Close: 12,820.13
Open: 12,818.34
Day's Range: 12793.10 - 13029.05
The DJIA again tested the 13000 level with a strong surge but this time it was able to hold on to its gains and close near its high.
The US economy (as measured by its Gross Domestic Product or GDP) expanded by 0.6% in the first quarter. It is technically not in recession now but is moving at a slow pace.
US Consumer Spending rose 0.4% in March.
At the Philippine Stock Exchange (PSE)
As the local equities market resumed its trading today (after the Labor day break); the Philippine Stock Exchange Index (PSEi) tried to mount an early rally to mirror WallStret's run-up. But the advance was shortlived as the bears again overpowered the bulls in the Philippine Stock Market; even as Asian markets were trying to post their steepest gains in two weeks.
PSEi previous close - 2749.77
open - 2751.14
high - 2761.20 (+11.43)
low - 2721.62 (-28.15)
close - 2722.95 down 26.82 or -0.98%
Value turnover; PHp 2.235 bn
Cross transactions: PhP 534 mn
Block Sale: PhP 349,232,400 (97,009,000 shares or 10.66% of ROX at PhP 3.60)
Advancers 36
Decliners 47
Unchanged 61
Sectoral Indices were down across-the-board
M-O -1.60%
Industrial -1.03%
Financial -0.87%
Services -0.83%
Holdings -0.74%
Property -0.32%
There were only 2 index issue gainers.
The Philippine peso was at PhP 42.309 vs $US 1.00 at noon.
The PSEi is currently testing the 2700-2733 levels as a support.
Investors are still locked in a wait-and-see attitude and most are still on a holiday mode from yesterday.
Top Gainers:
CAT: PhP 3.75; +47.06%
HI : PhP 1.90; +15.85%
FDC: PhP 3.15; +10.53%
Biggest Decliners:
PSB: PhP 41.00; -18.00%
DIZ: PhP 3.60 -10.00%
MA: PhP 0.014; -6.67%
Friday, May 2, 2008
Thursday, May 1, 2008
Trading in WallStreet - April 30, 2008
Dow Jones Industrial Average(DJIA) Summary
Index Value: 12,820.13
Trade Time: April 30
Change: -11.81 (-0.09%)
Prev Close: 12,831.94
Open: 12,831.45
Day's Range: 12808.98 - 13010.00
As expected; the Federal Reserve Board cut interest rates by 25 basis points to bring it down to 2.00% but some analysts say that it left its next moves unclear.
The rates has now been trimmed by 3.25% since September 2007.
Early in the afternoon trade; the DJIA had a strong rally and the 13,000 level was even tested. Until the last hour and a half of trading; the DJIA was still up by more than 100 points. But a late sell-off wiped out the gains by the closing bell and the US equities market closed in negative territory near its day's low.
The US economy as measured by its Gross National Product (GNP) expanded by 0.6% in the first quarter.
Oil Prices currently trades below the $115 a barrel level.
Index Value: 12,820.13
Trade Time: April 30
Change: -11.81 (-0.09%)
Prev Close: 12,831.94
Open: 12,831.45
Day's Range: 12808.98 - 13010.00
As expected; the Federal Reserve Board cut interest rates by 25 basis points to bring it down to 2.00% but some analysts say that it left its next moves unclear.
The rates has now been trimmed by 3.25% since September 2007.
Early in the afternoon trade; the DJIA had a strong rally and the 13,000 level was even tested. Until the last hour and a half of trading; the DJIA was still up by more than 100 points. But a late sell-off wiped out the gains by the closing bell and the US equities market closed in negative territory near its day's low.
The US economy as measured by its Gross National Product (GNP) expanded by 0.6% in the first quarter.
Oil Prices currently trades below the $115 a barrel level.
Wednesday, April 30, 2008
The day's market - April 30, 2008
Dow Jones Industrial Average(DJIA)Summary
Index Value: 12,831.94
Trade Time: April 29
Change: Down 39.81 (-0.31%)
Prev Close: 12,871.75
Open: 12,870.37
Day's Range: 12804.66 - 12889.83
The DJIA traded in a narrow range with a downward bias ahead of the US Federal Reserve Board meeting. It is widely expected that the Fed would cut its rates by 25 basis points and bring US interest rates down further to 2.00%.
Upon the opening bell; the local equities market tried to continue its advance with the residual momentum from yesterday's rally. But again, the rise was cut short by immediate profit taking as investors opted to stay liquid ahead of tomorrow's holiday (May 1 - Labor Day). By the last half hour of trading; the Philippine Stock Exchange Index (PSEi) was even in negative territory already.
The Philippine Stock Market will resume trading on Friday, May 2.
PSEi previous close - 2754.29
open - 2769.63
high - 2783.29 (+28.91)
low - 2745.54 (-8.75)
close - 2749.77 (-4.52 or -0.16%)
Advancers 46
Decliners 53
Value turnover: phP 2.745 bn
Cross transactions: PhP 1.122 bn
The Philippine Peso was at PhP 42.203 vs US$ 1.00 at mid-day.
Index Value: 12,831.94
Trade Time: April 29
Change: Down 39.81 (-0.31%)
Prev Close: 12,871.75
Open: 12,870.37
Day's Range: 12804.66 - 12889.83
The DJIA traded in a narrow range with a downward bias ahead of the US Federal Reserve Board meeting. It is widely expected that the Fed would cut its rates by 25 basis points and bring US interest rates down further to 2.00%.
Upon the opening bell; the local equities market tried to continue its advance with the residual momentum from yesterday's rally. But again, the rise was cut short by immediate profit taking as investors opted to stay liquid ahead of tomorrow's holiday (May 1 - Labor Day). By the last half hour of trading; the Philippine Stock Exchange Index (PSEi) was even in negative territory already.
The Philippine Stock Market will resume trading on Friday, May 2.
PSEi previous close - 2754.29
open - 2769.63
high - 2783.29 (+28.91)
low - 2745.54 (-8.75)
close - 2749.77 (-4.52 or -0.16%)
Advancers 46
Decliners 53
Value turnover: phP 2.745 bn
Cross transactions: PhP 1.122 bn
The Philippine Peso was at PhP 42.203 vs US$ 1.00 at mid-day.
Tuesday, April 29, 2008
The day's market - April 29, 2008
Dow Jones Industrial Average (DJIA)Summary
Index Value: 12,871.75
Trade Time: April 28
Change: Down 20.11 (-0.16%)
Prev Close: 12,891.86
Open: 12,890.72
Day's Range: 12857.50 - 12938.76
Comments on the Philippine StockMarket:
BusinessWorld - April 29, 2008
The local equities market rebounded as it tests a possible support at the 2733 level. It tried to mount a strong rally, but momentum (and investor confidence) has yet to build up. The Philippine Stock Exchange Index (PSEi) retreats from its high to give back almost half of its early gains.
PSEi previous close - 2739.44 (April 28,2008)
open - 2742.32
high - 2769.18 (+26.86)
low - 2739.44 (-2.88)
close - 2754.29 (+14.85 or +0.54%)
Value turnover: PhP 1.942 bn
Cross transactions: PhP 885 mn
Advancers 35
Decliners 52
Sectoral Indices:
Holdings +1.14%
Industrial +0.66%
Services +0.39%
M-O +0.25%
Financial +0.05%
Property -0.02%
The Philippine Peso was at PhP 42.187 vs US$ 1.00 by midday.
Index Value: 12,871.75
Trade Time: April 28
Change: Down 20.11 (-0.16%)
Prev Close: 12,891.86
Open: 12,890.72
Day's Range: 12857.50 - 12938.76
Comments on the Philippine StockMarket:
BusinessWorld - April 29, 2008The local equities market rebounded as it tests a possible support at the 2733 level. It tried to mount a strong rally, but momentum (and investor confidence) has yet to build up. The Philippine Stock Exchange Index (PSEi) retreats from its high to give back almost half of its early gains.
PSEi previous close - 2739.44 (April 28,2008)
open - 2742.32
high - 2769.18 (+26.86)
low - 2739.44 (-2.88)
close - 2754.29 (+14.85 or +0.54%)
Value turnover: PhP 1.942 bn
Cross transactions: PhP 885 mn
Advancers 35
Decliners 52
Sectoral Indices:
Holdings +1.14%
Industrial +0.66%
Services +0.39%
M-O +0.25%
Financial +0.05%
Property -0.02%
The Philippine Peso was at PhP 42.187 vs US$ 1.00 by midday.
Monday, April 28, 2008
The Philippine Stock Market touches a new 17 month low
The local equities market continues its declines as a new support level is yet to be found. Investor sentiment remains negative. Buyers are staying away and sellers are then forced to unload at lower prices bringing the market to lower levels.
PSEi previous close - 2777.93
open - 2777.17
high - 2778.65 (+0.72)
low - 2738.59 (-39.34)
close - 2739.44 (-38.49 or - 1.39%)
The Philippine Stock Exchange Index (PSEi) is at its lowest level since Nov. 29, 2006.
Value turnover: PhP 2.403 bn
Cross transactions: PhP 1.570 bn
Advancers 15
Decliners 81
Sectoral Indices fell across-the-board.
PSEi previous close - 2777.93
open - 2777.17
high - 2778.65 (+0.72)
low - 2738.59 (-39.34)
close - 2739.44 (-38.49 or - 1.39%)
The Philippine Stock Exchange Index (PSEi) is at its lowest level since Nov. 29, 2006.
Value turnover: PhP 2.403 bn
Cross transactions: PhP 1.570 bn
Advancers 15
Decliners 81
Sectoral Indices fell across-the-board.
Saturday, April 26, 2008
Trading in WallStreet - April 25, 2008
DOW JONES INDUSTRIAL AVERAGE (DJIA) Summary
Index Value: 12,891.86
Trade Time: April 25
Change: Up 42.91 (+0.33%)
Prev Close: 12,848.95
Open: 12,848.38
Day's Range: 12742.78 - 12909.20
Index Value: 12,891.86
Trade Time: April 25
Change: Up 42.91 (+0.33%)
Prev Close: 12,848.95
Open: 12,848.38
Day's Range: 12742.78 - 12909.20
Friday, April 25, 2008
The day's market - April 25, 2008
DOW JONES INDUSTRIAL AVERAGE (DJIA)
Index Value: 12,848.95
Trade Time: April 24
Change: Up 85.73 (+0.67%)
Prev Close: 12,763.22
Open: 12,764.68
Day's Range: 12706.63 - 12942.26
Yesterday's technical rebound in the Philippine Stock Market was shortlived. The market's declines accelerated on renewed inflation and budget deficit worries on the local front.
PSEi previous close - 2844.02 (April 24, 2008)
The Philippine Stock Exchange Index (PSEi)closed at its low at 2777.93 (-66.09 pts or -2.32%). It is now near this year's low of 2773. The next support may be seen at 2733, a 17 month low.
Advancers 24
Decliners 77
Among index issues; there was only 1 advancer.
All sectors were in the red.
The Philippine peso was above the PhP 42 level against the US dollar.
Value turnover: PhP 1.851 bn
Cross transactions: PhP 745 mn
Index Value: 12,848.95
Trade Time: April 24
Change: Up 85.73 (+0.67%)
Prev Close: 12,763.22
Open: 12,764.68
Day's Range: 12706.63 - 12942.26
Yesterday's technical rebound in the Philippine Stock Market was shortlived. The market's declines accelerated on renewed inflation and budget deficit worries on the local front.
PSEi previous close - 2844.02 (April 24, 2008)
The Philippine Stock Exchange Index (PSEi)closed at its low at 2777.93 (-66.09 pts or -2.32%). It is now near this year's low of 2773. The next support may be seen at 2733, a 17 month low.
Advancers 24
Decliners 77
Among index issues; there was only 1 advancer.
All sectors were in the red.
The Philippine peso was above the PhP 42 level against the US dollar.
Value turnover: PhP 1.851 bn
Cross transactions: PhP 745 mn
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