The local equities market ended the first half of 2008 with a whimper. All bets were off for a window dressing as The Philippine Stock Exchange Index (PSEi) broke support levels last week and is currently looking for one. The market traded and ended flat today as investors try to search for market leads.
PSEi previous close - 2466.28 (June 27)
PSEi close - 2459.98 (-6.30 or -0.25%)
Value turnover: PhP 3.056 bn
Advancers 43
Decliners 46
Unchanged 46
Sectoral Indices:
Financial -0.70%
M-O -0.36%
Property -0.25%
Industrial -0.20%
Holdings - 0.02%
Services +0.06%
The Day's Top Gainers:
MJC: PhP 3.80; +49.02%
FAF: PhP 0.65; +27.45%
ETEL: PhP 295; +16.83%
The Day's Biggest Decliners:
DHC: PhP 10.25; -21.15%
ZHI: PhP 0.18; -20.00%
UNI: PhP 0.12; -17.24%
Monday, June 30, 2008
Sunday, June 29, 2008
Trading in WallStreet - June 27, 2008
Dow Jones Industrial Average (DJIA) Summary
Index Value: 11,346.51
Trade Time: Jun 27
Change: Down 106.91 (-0.93%)
Prev Close: 11,453.42
Open: 11,452.85
Day's Range: 11297.99 - 11485.25
The DJIA suffered another triple digit decline on back of record World Crude Prices. It was the worst week since Feb 10 for both the Nasdaq and the DJIA. WallStreet is now on the brink of a bear market.
Index Value: 11,346.51
Trade Time: Jun 27
Change: Down 106.91 (-0.93%)
Prev Close: 11,453.42
Open: 11,452.85
Day's Range: 11297.99 - 11485.25
The DJIA suffered another triple digit decline on back of record World Crude Prices. It was the worst week since Feb 10 for both the Nasdaq and the DJIA. WallStreet is now on the brink of a bear market.
Friday, June 27, 2008
The Philippine Stock Market - June 27, 2008
Dow Jones Industrial Average (DJIA) Summary
Index Value: 11,453.42
Trade Time: June 26
Change: Down 358.41 (-3.03%)
Prev Close: 11,811.83
Open: 11,808.57
Day's Range: 11453.42 - 11808.73
The DJIA opened lower and went into a downward spiral to close at its low. It is now less than 1% away from a bear market. It is now 19.14% off its October 2007 highs.
Oil Crude prices breached the $140 a barrel level and Gold surged the most in two years ($31.90) to above the $910 an ounce level overnight.
This huge drop in WEallStreet had investors hurrying to unload again. The Philippine Stock Exchange Index (PSEi) immediately broke below the 2500 level and established a new 21 month low.
PSEi previous close - 2521.61 (June 26)
time-----------down------------PSEi
9:31-----------40.06-----------2481.55
9:32-----------55.15-----------2466.46
The recent 21 month low of 2469 touched the other day (June 25) was also broken.
9:34-----------58.21
9:36-----------59.36
9:38-----------62.16
9:40-----------63.32----------2458.29 (new 21 mo. low)
9:42-----------61.37
9:49-----------56.92
9:51-----------52.63
9:54-----------50.64
9:55-----------46.32
10:04----------44.66
10:16----------44.37
10:22----------43.77-----------2477.84
The PSEi tries to stay near the 2470 level; the lower range of its support.
10:42----------46.37
10:55----------48.62
11:06----------44.79
11:19----------48.88
11:28----------51.28------------2470.33
11:42----------55.41
11:50----------58.79
11:54----------59.83
11:58----------54.59
12:01----------55.33-------------2466.28(-2.19%)
Market Close.
Value turnover: PhP 7.240 bn
Cross transactions: PhP 1.382 bn
Block sales:
GLO: 3,800,000 shs at PhP 1210 = PhP 4.598 bn
GPH: 2,797,500 shs at PhP 50 = PhP PhP 139 mn
Advancers 23
Decliners 96
Unchanged 36
Sectoral Indices.
Holdings -3.06%
Property -2.77%
Financial -2.61%
Industrial -1.89%
Services -1.02%
M-O +0.51%
At mid-day:
Asian markets were down.
The Philippine peso was at PhP 44.739 vs US$ 1.00.
Index Value: 11,453.42
Trade Time: June 26
Change: Down 358.41 (-3.03%)
Prev Close: 11,811.83
Open: 11,808.57
Day's Range: 11453.42 - 11808.73
The DJIA opened lower and went into a downward spiral to close at its low. It is now less than 1% away from a bear market. It is now 19.14% off its October 2007 highs.
Oil Crude prices breached the $140 a barrel level and Gold surged the most in two years ($31.90) to above the $910 an ounce level overnight.
This huge drop in WEallStreet had investors hurrying to unload again. The Philippine Stock Exchange Index (PSEi) immediately broke below the 2500 level and established a new 21 month low.
PSEi previous close - 2521.61 (June 26)
time-----------down------------PSEi
9:31-----------40.06-----------2481.55
9:32-----------55.15-----------2466.46
The recent 21 month low of 2469 touched the other day (June 25) was also broken.
9:34-----------58.21
9:36-----------59.36
9:38-----------62.16
9:40-----------63.32----------2458.29 (new 21 mo. low)
9:42-----------61.37
9:49-----------56.92
9:51-----------52.63
9:54-----------50.64
9:55-----------46.32
10:04----------44.66
10:16----------44.37
10:22----------43.77-----------2477.84
The PSEi tries to stay near the 2470 level; the lower range of its support.
10:42----------46.37
10:55----------48.62
11:06----------44.79
11:19----------48.88
11:28----------51.28------------2470.33
11:42----------55.41
11:50----------58.79
11:54----------59.83
11:58----------54.59
12:01----------55.33-------------2466.28(-2.19%)
Market Close.
Value turnover: PhP 7.240 bn
Cross transactions: PhP 1.382 bn
Block sales:
GLO: 3,800,000 shs at PhP 1210 = PhP 4.598 bn
GPH: 2,797,500 shs at PhP 50 = PhP PhP 139 mn
Advancers 23
Decliners 96
Unchanged 36
Sectoral Indices.
Holdings -3.06%
Property -2.77%
Financial -2.61%
Industrial -1.89%
Services -1.02%
M-O +0.51%
At mid-day:
Asian markets were down.
The Philippine peso was at PhP 44.739 vs US$ 1.00.
Thursday, June 26, 2008
The Philippine Stock Market - June 26, 2008
Dow Jones Industrial Average (DJIA) Summary
Index Value: 11,811.83
Trade Time: June 25
Change: Up 4.40 (+0.04%)
Prev Close: 11,807.43
Open: 11,805.31
Day's Range: 11789.36 - 11924.19
The DJIA again traded in a wide range but closed little changed. The 11800 level is holding so far.
US Federal Interest rates were held steady and unchanged.
The local equities market continued on its strong momentum from yesterday's strong close. It opened higher and the Philippine Stock Exchange Index (PSEi) was up more than 30 points at one point. Investors were however quick in taking profits and the market gave back most of its gains.
PSEi previous close - 2510.80 (June 25)
high - 2543.69 (+32.89)
close - 2521.61 (+10.81 or +0.43%)
Value turnover: PhP 2.256 bn
Cross transactions: PhP 1.047 bn
Block Sale: 1,274,600 shs of SCC @ PhP 52 = PhP 66 mn
Advancers 57
Decliners 38
Unchanged 56
The 2470-2500 level must hold as a support level so the market can expect a bit of window-dressing on Monday as the first-half of 2008 draws to a close.
Sectoral Indices.
Industrial +1.14%
Holdings +0.59%
Financial +0.56%
Services +0.30%
M-O +0.05%
Property -0.92%
The Day's Top Gainers:
RFM: PhP 0.48; +17.07%
PWR: PhP 0.245; +16.67%
MER: phP 43.00; +11.68%
The Day's Biggest Decliners:
PECB: PhP 7.50; -30.23%
FAF: PhP 0.51; -21.54%
FDC: PhP 2.34; -17.89%
At mid-day:
Asian equities markets were mostly up.
The Peso was at PhP 44.465 vs US$ 1.00.
Index Value: 11,811.83
Trade Time: June 25
Change: Up 4.40 (+0.04%)
Prev Close: 11,807.43
Open: 11,805.31
Day's Range: 11789.36 - 11924.19
The DJIA again traded in a wide range but closed little changed. The 11800 level is holding so far.
US Federal Interest rates were held steady and unchanged.
The local equities market continued on its strong momentum from yesterday's strong close. It opened higher and the Philippine Stock Exchange Index (PSEi) was up more than 30 points at one point. Investors were however quick in taking profits and the market gave back most of its gains.
PSEi previous close - 2510.80 (June 25)
high - 2543.69 (+32.89)
close - 2521.61 (+10.81 or +0.43%)
Value turnover: PhP 2.256 bn
Cross transactions: PhP 1.047 bn
Block Sale: 1,274,600 shs of SCC @ PhP 52 = PhP 66 mn
Advancers 57
Decliners 38
Unchanged 56
The 2470-2500 level must hold as a support level so the market can expect a bit of window-dressing on Monday as the first-half of 2008 draws to a close.
Sectoral Indices.
Industrial +1.14%
Holdings +0.59%
Financial +0.56%
Services +0.30%
M-O +0.05%
Property -0.92%
The Day's Top Gainers:
RFM: PhP 0.48; +17.07%
PWR: PhP 0.245; +16.67%
MER: phP 43.00; +11.68%
The Day's Biggest Decliners:
PECB: PhP 7.50; -30.23%
FAF: PhP 0.51; -21.54%
FDC: PhP 2.34; -17.89%
At mid-day:
Asian equities markets were mostly up.
The Peso was at PhP 44.465 vs US$ 1.00.
Wednesday, June 25, 2008
The Philippine Stock Market - June 25, 2008
Dow Jones Industrial Average (DJIA)Summary
Index Value: 11,807.43
Trade Time: June 25
Change: Down 34.93 (-0.29%)
Prev Close: 11,842.36
Open: 11,842.36
Day's Range: 11725.52 - 11904.32
It was a volatile day in WallStreet. The DJIA was down in early trade and tested the 11700 level as a support. By mid-trade it recovered and was even up to breach the 11900 level. It then slowly declined in the last two hours of trading to close in negative territory and just above the 2800 level.
The local equities market started weak but after a relativey listless trading in the first 20 minutes, it slowly and steadily advanced. The Philippine Stock Exchange Index (PSEi) had a strong finish and it ended at its high above the 2500 level.
PSEi previous close - 2474.87 (June 24)
open - 2469.11 (-5.76) day's low
close - 2510.80 (+35.93 or +1.45%) day's high
Value turnover: PhP 2.225 bn
Cross transactions: PhP 1.149 bn
Advancers 63
Decliners 25
Unchanged 51
Sectoral Indices.
M-O +2.20%
Property +1.98%
Services +1.34%
Industrial +1.31%
Financial +1.26%
Holdings -0.04%
The Day's Top Gainers:
MFIN: PhP 5.70; +50.00%
LND: PhP 0.40; +14.29%
LIHC: PhP 10.25; +11.41%
The Day's Biggest Decliners:
ETON: PhP 2.10; -12.50%
SLI: PhP 0.80; -9.09%
MPI: PhP 3.20; -8.57%
At mid-day:
Asian markets were mixed.
The Philippine Peso was at PhP 44.536 vs US$ 1.00.
Index Value: 11,807.43
Trade Time: June 25
Change: Down 34.93 (-0.29%)
Prev Close: 11,842.36
Open: 11,842.36
Day's Range: 11725.52 - 11904.32
It was a volatile day in WallStreet. The DJIA was down in early trade and tested the 11700 level as a support. By mid-trade it recovered and was even up to breach the 11900 level. It then slowly declined in the last two hours of trading to close in negative territory and just above the 2800 level.
The local equities market started weak but after a relativey listless trading in the first 20 minutes, it slowly and steadily advanced. The Philippine Stock Exchange Index (PSEi) had a strong finish and it ended at its high above the 2500 level.
PSEi previous close - 2474.87 (June 24)
open - 2469.11 (-5.76) day's low
close - 2510.80 (+35.93 or +1.45%) day's high
Value turnover: PhP 2.225 bn
Cross transactions: PhP 1.149 bn
Advancers 63
Decliners 25
Unchanged 51
Sectoral Indices.
M-O +2.20%
Property +1.98%
Services +1.34%
Industrial +1.31%
Financial +1.26%
Holdings -0.04%
The Day's Top Gainers:
MFIN: PhP 5.70; +50.00%
LND: PhP 0.40; +14.29%
LIHC: PhP 10.25; +11.41%
The Day's Biggest Decliners:
ETON: PhP 2.10; -12.50%
SLI: PhP 0.80; -9.09%
MPI: PhP 3.20; -8.57%
At mid-day:
Asian markets were mixed.
The Philippine Peso was at PhP 44.536 vs US$ 1.00.
Tuesday, June 24, 2008
The Philippine Stock Market - June 24, 2008
Dow Jones Industrial Average (DJIA) Summary
Index Value: 11,842.36
Trade Time: June 23
Change: Down 0.33 (0.00%)
Prev Close: 11,842.69
Open: 11,843.83
Day's Range: 11814.60 - 11886.25
The DJIA traded in a narrow range below the 12900 level and ended little changed.
The local equities market tried to consolidate at the 2500 level. The bias however turned negative and the Philippine Stock Exchange Index (PSEi) touched new 21 month-low levels.
PSEi previous close - 2499.38
open - 2493.38
high - 2505.27 (+5.89)
low - 2473.07 (-26.31)
close - 2474.87 (-24.51 or -0.98%)
The near term support is at the 2434 - 2450 level which is the lower end of the range of the Sept 18, 2006 (21-month) low.
Value turnover: PhP 1.735 bn
Cross transactions: PhP 884 mn
Advancers 30
Decliners 77
Unchanged 79
Sectoral Indices.
Industrial +0.50%
Property +0.49%
Holdings -1.26%
Financial -1.39%
M-O -1.51%
Services -1.68%
The Day's Top Gainers:
BHI: PhP 0.135; +17.39%
LIHC: PhP 9.20; +16.46%
CRC: PhP 4.35; +12.99%
The Day's Biggest Decliners:
DHC: PhP 10.00; -32.20%
AAA: PhP 0.20; -25.93%
KEP: PhP 1.40; -17.65%
At mid-day:
Asian markets were mostly down.
The Philippine Peso was at PhP 44.679 vs US$ 1.00.
Index Value: 11,842.36
Trade Time: June 23
Change: Down 0.33 (0.00%)
Prev Close: 11,842.69
Open: 11,843.83
Day's Range: 11814.60 - 11886.25
The DJIA traded in a narrow range below the 12900 level and ended little changed.
The local equities market tried to consolidate at the 2500 level. The bias however turned negative and the Philippine Stock Exchange Index (PSEi) touched new 21 month-low levels.
PSEi previous close - 2499.38
open - 2493.38
high - 2505.27 (+5.89)
low - 2473.07 (-26.31)
close - 2474.87 (-24.51 or -0.98%)
The near term support is at the 2434 - 2450 level which is the lower end of the range of the Sept 18, 2006 (21-month) low.
Value turnover: PhP 1.735 bn
Cross transactions: PhP 884 mn
Advancers 30
Decliners 77
Unchanged 79
Sectoral Indices.
Industrial +0.50%
Property +0.49%
Holdings -1.26%
Financial -1.39%
M-O -1.51%
Services -1.68%
The Day's Top Gainers:
BHI: PhP 0.135; +17.39%
LIHC: PhP 9.20; +16.46%
CRC: PhP 4.35; +12.99%
The Day's Biggest Decliners:
DHC: PhP 10.00; -32.20%
AAA: PhP 0.20; -25.93%
KEP: PhP 1.40; -17.65%
At mid-day:
Asian markets were mostly down.
The Philippine Peso was at PhP 44.679 vs US$ 1.00.
Monday, June 23, 2008
The Philippine Stock Market - June 23, 2008
The drop in the DJIA last friday immediately had investors on a selling mode. The Philippine Stock Exchange Index (PSEi) opened lower and continued its decline to test the 2500 level.
PSEi previous close - 2578.57
time------------down------------PSEi
9:31-----------12.03-----------2566.54
9:34-----------20.57
9:49-----------37.91
10:16----------44.28
10:23----------50.91------------2527.66
The decline brings the PSEi towards the 2510 support level which is the June 12, 2008 low.
10:30----------64.40------------2514.17
10:49----------68.00------------2510.57
The 2510 level is tested. The market tries to consolidate.
10:53-----------68.86
11:18-----------69.63------------2508.94
11:29-----------66.13------------2512.44
11:36-----------68.70------------2509.87
The 2510 level does not hold and the PSEi even declines further.
11:37-----------70.68
11:38-----------72.39
11:40-----------73.59
11:41-----------74.18
11:42-----------76.86
11:43-----------78.15-------------2500.42
The 2500 level is also breached.
11:44-----------80.25
11:47-----------86.25
11:51-----------88.31-------------2490.26 (lowest level since Oct 2006)
11:55-----------88.09
11:58-----------85.43
11:59-----------79.80
12:01-----------79.17-------------2499.38 (-3.07%)
Market Close.
Value turnover: PhP 1.937 bn
Cross transactions: PhP 638 mn
Advancers 12
Decliners 94
Unchanged 32
Sectoral Indices fell across-the-board.
Financial -3.30%
Holdings -3.13%
Property -3.06%
Industrial -3.06%
M-O -2.02%
Services -1.86%
The Day's Top Gainers:
MFIN: PhP 3.80; +26.67%
ATS: PhP 1.12; +12.00%
ISM: PhP 0.026; +8.33%
The Day's Biggest Decliners:
PWR: PhP 0.21; -30.00%
SGI: PhP 0.50; -16.67%
LIHC: PhP 7.90; -14.13%
At mid-day:
Asian market were down.
The Philippine Peso was at PhP 44.484 vs US$ 1.00.
PSEi previous close - 2578.57
time------------down------------PSEi
9:31-----------12.03-----------2566.54
9:34-----------20.57
9:49-----------37.91
10:16----------44.28
10:23----------50.91------------2527.66
The decline brings the PSEi towards the 2510 support level which is the June 12, 2008 low.
10:30----------64.40------------2514.17
10:49----------68.00------------2510.57
The 2510 level is tested. The market tries to consolidate.
10:53-----------68.86
11:18-----------69.63------------2508.94
11:29-----------66.13------------2512.44
11:36-----------68.70------------2509.87
The 2510 level does not hold and the PSEi even declines further.
11:37-----------70.68
11:38-----------72.39
11:40-----------73.59
11:41-----------74.18
11:42-----------76.86
11:43-----------78.15-------------2500.42
The 2500 level is also breached.
11:44-----------80.25
11:47-----------86.25
11:51-----------88.31-------------2490.26 (lowest level since Oct 2006)
11:55-----------88.09
11:58-----------85.43
11:59-----------79.80
12:01-----------79.17-------------2499.38 (-3.07%)
Market Close.
Value turnover: PhP 1.937 bn
Cross transactions: PhP 638 mn
Advancers 12
Decliners 94
Unchanged 32
Sectoral Indices fell across-the-board.
Financial -3.30%
Holdings -3.13%
Property -3.06%
Industrial -3.06%
M-O -2.02%
Services -1.86%
The Day's Top Gainers:
MFIN: PhP 3.80; +26.67%
ATS: PhP 1.12; +12.00%
ISM: PhP 0.026; +8.33%
The Day's Biggest Decliners:
PWR: PhP 0.21; -30.00%
SGI: PhP 0.50; -16.67%
LIHC: PhP 7.90; -14.13%
At mid-day:
Asian market were down.
The Philippine Peso was at PhP 44.484 vs US$ 1.00.
Subscribe to:
Posts (Atom)
