Friday, July 31, 2009

The Philippine Stock Market - July 31, 2009

Dow Jones Industrial Average (DJIA) Summary
Index Value: 9,154.46
Trade Time: July 30
Change: Up 83.74 (+0.92%)
Prev Close: 9,070.72
Open: 9,072.84
Day's Range: 9,072.61 - 9,246.43

WallStreet opened strong and tested the 9200 level. The DJIA was up by more than 140 points at one point but gave back some of its gains to end up higher by less than 1%.

The advance in WallStreet gave the local equities market another boost. The Philippine Stock Exchange Index (PSEi) touched another new 13-month high but it also gave back some of its gains to close below the 2800 level.

PSEi previous close - 2764.98 (July 30)

time-----------up------------PSEi
9:31----------25.19--------2790.17
9:32----------28.46
9:33----------31.14
9:35----------40.82--------2805.80

The 2800 level is breached.

9:39----------50.17
9:43----------50.36
9:45----------57.10
9:46----------62.83
9:47----------66.00
9:48----------76.78

At this point, MER is at PhP 265.00 up +9.96% from its previous close of PhP 241.00. It accounts for an advance of 22.63 points in the PSEi.

9:50----------77.23---------2842.21 (HIGH)

The June 2,2008 high of 2839 is broken. This is the highest level the PSEi has reached since May 28, 2008 when it touched a high of 2868.

9:53----------70.87
9:54----------68.51
9:56----------65.96
10:00---------68.13

After the strong advance in the first half-hour of trading, the market corrects itself.

10:01---------62.65
10:08---------61.41
10:24---------60.45
10:25---------57.77
10:26---------56.35
10:29---------55.39
10:31---------52.79
10:35---------49.68
10:39---------44.86
10:41---------41.71
10:56---------43.12

At this point, MER is at PhP 248.00

11:03---------44.94
11:04---------47.16
11:06---------49.21
11:12---------44.96
11:26---------46.56
11:38---------48.17
11:48---------44.37
11:50---------43.38
11:52---------42.29
11:55---------41.89
11:57---------36.06---------2801.04

The market ends the month just below the 2800 level.

11:59---------31.81
12:1----------33.35---------2798.33 (+1.21%)
Market close.

Value turnover: PhP 4.639 bn
Cross transactions: PhP 1.151 bn
Block Sale: 134,340 TEL shs @ PhP 2497.94 = PhP 335.57 mn

MER closed at its day' low of PhP 229.00 (-4.98%)

Advancers 89
Decliners 33
Unchanged 45

Sectoral Indices:
Financial +2.75%
Property +2.11%
Services +1.92%
M-O +1.27%
Holdings +0.94%
Industrial -1.39%

The Day's Top Gainers:
MVC: PhP 0.66; +32.00%
MFC: PhP 1,010.00; +17.44%
BHI: PhP 0.135; +17.39%

The Day's Biggest Decliners:
CAT: PhP 2.95; -37.23%
PRMX: PhP 4.40; -16.98%
ALCO: PhP 0.21; -8.70%

At mid-day:
Asian equities markets were higher.
The Philippine Peso was at PhP 48.071 vs US$1.00.


CLOSING PRICES OF SELECT STOCKS (as of July 31, 2009):
ABA: PhP 0.92
ALI: PhP 9.10
DGTL: PhP 1.46
EDC: PhP 4.50
EIBA: PHP 0.26
GEO: PhP 0.71
GOB: PhP 0.17
JOH: PhP 1.40
LOTO: PhP 10.50
MPI: PhP 5.50
MUSX: PhP 0.13
PX: PhP 7.80
SFI: PhP 0.205
SPH: PhP 2.95
SUN: PhP 0.49
TA: PhP 1.00
UW: PhP 0.11
WEB: PhP 0.055

Thursday, July 30, 2009

The Philippine Stock Market - July 30, 2009

Dow Jones Industrial Average (DJIA) Summary
Index Value: 9,070.72
Trade Time: July 29
Change: Down 26.00 (-0.29%)
Prev Close: 9,096.72
Open: 9,092.34
Day's Range: 9,014.19 - 9,094.83

The local equities market plunged as Meralco (MER) shares fell steeply today. The Philippine Stock Exchange Index (PSEi) was down by almost a hundred points early on but limited its losses as MER also bounced back.

PSEi previous close - 2803.39 (July 29)

time---------down----------PSEi
9:31--------47.09--------2756.30

MER opens at PhP 200.00 down 32.20% from yesterday's close of PhP 295.00.

9:32--------34.21

MER at PhP 240.00

9:33--------42.33
9:34--------56.30
9:35--------68.68
9:36--------75.51
9:37--------80.69
9:39--------91.88-------2711.51 (Day's low)

MER touched a low of PhP 190.00

9:42--------89.86
9:46--------70.88
9:47--------56.63-------2746.76

9:50--------60.77
9:52--------65.47
10:00-------70.27
10:05-------74.48-------2728.91

10:10-------68.62
10:12-------61.08

10:13-------67.04
10:14-------62.99
10:16-------58.13
10:17-------55.94
10:21-------52.30
10:22-------51.48
10:23-------46.86
10:25-------33.63
10:26-------31.60
10:27-------25.66--------2777.73

MER at PhP 262.50.

10:30-------39.04
10:33-------30.52
10:35-------27.03
10:41-------24.83--------2778.56

10:53-------30.11
11:00-------32.36
11:07-------34.14
11:12-------37.35
11:15-------42.53
11:28-------43.66
11:30-------35.86
11:33-------33.86
11:38-------36.35
11:45-------38.41
11:49-------39.72
11:53-------41.53
11:54-------42.57
11:56-------43.84
11:59-------36.23
12:01-------38.41-------2764.98 (-1.37%)
Market Close.

Value turnover: PhP 3.921 bn
Cross transactions: PhP 1.431 bn
Block Sales: 4,062,391 ETEL shs @ PhP 432.31 = PhP 1.756 bn
----------------122,140 TEL shs @ PhP 2439 = PhP 279.90 mn

Advancers 41
Decliners 78
Unchanged 45

MER closed at PhP 241.00 (-18.31%). It accounts for a decline of 50.88 points in the PSEi.

Sectoral Indices:
Industrial -7.27%
M-O -1.63%
Property -0.79%
Holdings -0.57%
Financial +0.27%
Services +2.52%

The Day's Top Gainers:
CYBR: PhP 0.79; +29.51%
MII: PhP 2.80; +25.00%
POPI: PhP 0.60; +22.45%

The Day's Biggest Decliners:
PRIM: PhP 0.80; -19.19%
MER: PhP 241.00; -18.31%
PO: PhP 3.30; -17.50%

At mid-day:
Asian equities markets were mostly lower.
The Philippine Peso was at PhP 48.134 vs US$ 1.00.


CLOSING PRICES OF SELECT STOCKS (as of July 28, 2009):
ABA: PhP 0.96
ALI: PhP 9.10
DGTL: PhP 1.40
EDC: PhP 4.50
EIBA: PHP 0.26
FLI: PhP 0.90
GEO: PhP 0.70
GOB: PhP 0.17
JOH: PhP 1.40
LOTO: PhP 10.25
MPI: PhP 5.60
MUSX: PhP 0.13
PX: PhP 7.70
SFI: PhP 0.20
SPH: PhP 2.95
SUN: PhP 0.47
TA: PhP 0.98
UW: PhP 0.10
WEB: PhP 0.055

Wednesday, July 29, 2009

The Philippine Stock Market - July 29, 2009

Dow Jones Industrial Average (DJIA) Summary
Index Value: 9,096.72
Trade Time: July 28
Change: Down 11.79 (-0.13%)
Prev Close: 9,108.51
Open: 9,106.92
Day's Range: 9,007.47 - 9,124.91

The DJIA tests the 9000 support level but limits its losses to close just slightly under 9100.

The local equities market continues its winning streak. The Philippine Stock Exchange Index (PSEi) breaches the 2800 level and reaches a new 13-month high.

PSEi previous close - 2768.76 (Juy 28)

time----------up-----------PSEi
9:31---------8.94--------2777.70
9:32--------13.65--------2782.41

The PSEi goes above the August 11, 2008 high of 2778.13.

9:33--------15.20

At this point, MER is at PhP 297.50; up by 9.17% from its previous close of PhP 272.50. It accounts for a rise of 21.19 points in the PSEi.

9:34--------17.75
9:35--------18.95
9:38--------22.25
9:39--------23.02
9:40--------23.06--------2791.82

9:45--------18.28
9:48--------16.75

9:49--------20.65
9:51--------21.91
9:52--------22.11
9:56--------23.83
9:59--------25.85
10:00-------26.10
10:02-------28.92
10:06-------29.64
10:08-------31.38--------2800.14

The 2800 level is breached and the market continues its advance.

10:12-------35.50
10:19-------38.68

10:22-------35.69
10:33-------39.98
10:39-------41.05
10:44-------42.80

10:46-------37.82
10:49-------43.49
10:50-------44.33
10:51-------45.28
10:53-------46.72
10:55-------48.21

10:58-------45.53
11:00-------49.70
11:02-------50.83

11:06-------45.31
11:16-------51.29--------2820.05 (Day's high)

This is the highest level since June 2, 2008 when the PSEi touched 2839.29.

11:22-------43.75
11:27-------42.63
11:29-------41.32
11:30-------38.82
11:35-------35.93
11:36-------34.48
11:40-------32.53
11:43-------28.84--------2797.60

The 2800 level is tested.

11:47-------27.56
11:57-------26.05--------2794.81
11:59-------30.48
12:01-------34.63--------2803.39 (+1.25%)
Market Close.

Value turnover: PhP 7.759 bn
Cross transactions: PhP 4.569 bn
Block Sale: 3,100,000 DHC shs @ PhP 8.00 = PhP 24.80 mn

Advancers 68
Decliners 38
Unchanged 61

MER closed at PhP 295.00 (+8.26%)
MER accounts for a rise of 21.20 points in the PSEi.

Sectoral Indices.
Industrial +2.80%
Property +2.32%
Holdings +1.67%
Services +0.42%
Financial -0.21%
M-O -1.26%

The Days Top Gainers:
CYBR: PhP 0.61; +19.61%
ISM: PhP 0.026; +18.18%
EEI: PhP 2.14; +12.63%

The Day's Biggest Decliners:
LAND: PhP 1.28; -20.00%
ICTV: PhP 1.2; -13.85%
BC: PhP 7.90; -11.24%


CLOSING PRICES OF SELECT STOCKS (as of July 29, 2009):
ABA: PhP 0.92
ALI: PhP 9.20
DGTL: PhP 1.36
EDC: PhP 4.50
EIBA: PHP 0.26
FLI: PhP 0.90
GEO: PhP 0.74
GOB: PhP 0.17
JOH: PhP 1.40
LOTO: PhP 10.25
MPI: PhP 5.70
MUSX: PhP 0.13
PX: PhP 7.70
SFI: PhP 0.20
SPH: PhP 3.05
SUN: PhP 0.50
TA: PhP 0.98
UW: PhP 0.105
WEB: PhP 0.055

Tuesday, July 28, 2009

The Philippine Stock Market - July 28, 2009

Dow Jones Industrial Average (DJIA) Summary
Index Value: 9,108.51
Trade Time: July 27
Change: Up 15.27 (+0.17%)
Prev Close: 9,093.24
Open: 9,093.09
Day's Range: 9,034.52 - 9,123.40

WallStreet closed a little higher as it traded within the 9000-9100 level for most of the time.

The local equities market continues its rise as the advance in Meralco shares props up the market. The Philippine Stock Exchange Index (PSEi) tries to establish new 10-month highs.

PSEi previous close - 2732.62 (July 27)

time-----------up------------PSEi
9:31---------13.70--------2746.32
9:32---------19.73
9:36---------20.42
9:37---------25.33
9:39---------26.94
9:40---------29.51--------2762.13
9:43---------23.01

After a jackrabbit start, the market retreats. Some investors are in the profit taking mode as the Relative Strength Index (RSI) was already at 81.40 yesterday. This indicates that the market is at overbought levels.

9:58---------21.32
9:59---------19.66
10:01--------16.11
10:04--------14.11
10:06--------13.16
10:08--------10.03
10:13---------9.45
10:14---------8.15
10;19---------8.00
10:20---------7.36
10:25---------6.11
10:34---------3.96
10:37---------2.77--------2735.39

The market gives back most of its early gains. But then, the market rebounds strongly.

10:40--------5.08
10:41--------6.14
10:46-------13.85
10:50-------16.27
10:53-------18.07
10:55-------22.78
10:56-------25.67
10:57-------28.45
10:58-------30.81
11:00-------33.54
11:04-------33.62
11:05-------34.09---------2766.71

At this point, Meralco (MER) is at PhP 272.50 (+21.11%) from PhP 225 yesterday.
MER accounts for a rise of 44.76 points in the PSEi.

11:08-------26.97
11:10-------25.97

At this point, MER is at PhP 262.50 (+16.67%).
MER accounts for a rise of 35.33 points in the PSEi.

11:22-------32.20
11:26-------34.14
11:28-------36.34
11:29-------37.43
11:34-------36.24
11:40-------34.85
11:45-------30.92
11:51-------35.14
11:55-------40.45
11:59-------43.04---------2775.66 (day's high)
12:01-------36.14---------2768.76 (+1.32%)
Market Close.

Value turnover: PhP 4.188 bn
Cross transactions: PhP 1.363 bn
Block Sale: 769,100 shs MER @ PhP 250.00 = PhP 192.275 mn

MER close at PhP 272.50 (+21.11%).
MER accounts for a rise of 44.76 points in the PSEi. If not for this, the market would have been down today.

Industrial +6.73%
Services +0.84%
Financial -1.75%
M-O -1.58%
Holdings -1.19%
Property -0.63%

The Day's Top Gainers:
ICTV: PhP 1.30; +30.00%
PHES: PhP 0.215; +26.47%
MER: PhP 272.50; +21.11%

The Day's Biggest Decliners:
JTH: PhP 1.60; -11.11%
SLI: PhP 0.81; -10.00%
OV: PhP 0.013; -7.14%


CLOSING PRICES OF SELECT STOCKS (as of July 28, 2009):
ABA: PhP 0.93
ALI: PhP 9.20
DGTL: PhP 1.34
EDC: PhP 4.60
EIBA: PHP 0.26
FLI: PhP 0.85
GEO: PhP 0.74
GOB: PhP 0.17
JOH: PhP 1.40
LOTO: PhP 10.25
MPI: PhP 5.80
MUSX: PhP 0.125
PX: PhP 7.90
SFI: PhP 0.205***
SPH: PhP 3.05
SUN: PhP 0.47
TA: PhP 0.99
UW: PhP 0.105
WEB: PhP 0.055

*** SFI Volume turnover for the last 3 days of last week:
July 22 - PhP 28.80 mn shs
July 23 - 92.64 mn
July 24 - 138.19 mn

Total volume turnover for the three days was 259.63 mn shs or 28.46% of the total outstanding shs (912.09 mn) or 32.34% of the total listed shs (802.62 mn).

Previous Volume turnover:
2007 - 125.65 mn shs
2008 - 10.77 mn

Monday, July 27, 2009

The Philippine Stock Market - July 27, 2009

The local equities market continues its bullish ways. The Philippine Stock Exchange Index (PSEi) reaches a new 10-month high.

PSEi previous close - 2676.57 (July 24)

time------------up------------PSEi
9:31----------10.14---------2686.71
9:33----------15.50
9:35----------17.34
9:38----------22.89
9:41----------25.72---------2702.29

The 2700 level is now breached. The advance accelerates further.

9:42----------29.25
9:47----------33.06
9:51----------37.33
9:53----------41.89
9:54----------46.73
9:57----------48.18

10:03---------44.89
10:04---------49.12
10:13---------54.73

10:17---------51.66
10:24---------56.49
10:25---------57.27---------2733.74 (Day's high)

10:36---------54.69
10:49---------53.52
10:50---------50.06

The market pulls back a bit.

10:53---------49.75
11:01---------49.68
11:10---------48.70
11:16---------46.97
11:22---------44.39
11:24---------43.38
11:31---------41.74
11:33---------40.81
11:35---------39.11
11:37---------36.01
11:38---------35.24
11:39---------34.65
11:40---------32.08
11:41---------31.91--------2708.38
11:45---------35.59

The market again closes strong in the final 15 minutes of trade.

11:46---------36.78
11:47---------38.48
11:51---------40.60
11:54---------40.89
11:58---------43.68
12:01---------56.15--------2732.62 (+2.10%)
Market Close.

Value turnover: PhP 3.909 bn
Cross transactions: PhP 977 mn

The PSEi is at its highest levels since Sept. 9, 2008. The next target resistance is at 2778.13 (August 11, 2008 high).

Advancers 78
Decliners 44
Unchanged 53

Sectoral Indices advanced across-the-board.
Industrial +3.51%
Financial +2.66%
Property +2.64%
Holdings +2.37%
M-O +0.17%
Services +0.13%

The Day's Top Gainers:
MII: PhP 2.24; +49.33%
PRIM: PhP 0.99; +39.44%
VLL: PhP 2.50; +28.87%

The Day's Biggest Decliners:
FJPB: PhP 1.22; -39.00%
MVC: PhP 0.44; -37.14%
PHES: PhP 0.17; -24.44%

At mid-day:
Asian Equities markets were mostly higher.
The Philippine Peso was at PhP 48.028 vs US$ 1.00.


CLOSING PRICES OF SELECT STOCKS (as of July 27, 2009):
ABA: PhP 0.94
ALI: PhP 9.20
DGTL: PhP 1.34
EDC: PhP 4.60
EIBA: PHP 0.26
FLI: PhP 0.85
GEO: PhP 0.75
GOB: PhP 0.17
JOH: PhP 1.40
LOTO: PhP 10.50
MEG: PhP 1.20
MPI: PhP 5.30
MUSX: PhP 0.12
PAX: PhP 2.85
PX: PhP 8.00
SPH: PhP 2.95
SUN: PhP 0.46
TA: PhP 1.00
UW: PhP 0.105
V: PhP 1.06
WEB: PhP 0.0525

Saturday, July 25, 2009

Trading in WallStreet - July 24, 2009

Dow Jones Industrial Average (DJIA) Summary
Index Value: 9,093.24
Trade Time: July 24
Change: Up 23.95 (+0.26%)
Prev Close: 9,069.29
Open: 9,066.11
Day's Range: 9,007.39 - 9,100.88

The DJIA traded within the 9000-9100 level and closed near its high.


On the local front, the State Of the Nation Address (SONA) will be given by Pres. Gloria Macapagal Arroyo (PGMA) on Monday.

Friday, July 24, 2009

The Philippine Stock Market - July 24, 2009

Dow Jones Industrial Average (DJIA) Summary
Index Value: 9,069.29
Trade Time: July 23
Change: Up 188.03 (+2.12%)
Prev Close: 8,881.26
Open: 8,882.31
Day's Range: 8,866.44 - 9,096.72

WallStreet mounts another huge rally to close at a new high since January. The DJIA ends well above the 9000 level.

The local equities market got a big boost from WallStreet and other Asian equities markets. The Philippine Stock Exchange Index (PSEi) closes a chart gap at the 2672-2667 levels left open since September 11-12, 2008 and is at its highest levels since then.

PSEi previous close - 2612.00 (July 23)

time------------up--------------PSEi
9:31----------23.07-----------2633.07

The market easily breaks through the 2626-2627 immediate resistance level.

9:32----------34.58
9:37----------37.00
9:39----------42.66
9:56----------43.24
9:58----------45.32----------2657.32

The market consolidates its gains for the next hour and a half.

10:07---------42.68
10:13---------39.17
10:27---------42.33
10:34---------37.62
10:59---------42.75
11:21---------43.34
11:28---------46.78
11:31---------48.72

The market shows a strong finishing kick in the last 30 minutes of trading for the week.

11:36---------51.26
11:37---------54.91
11:41---------56.22

11:42---------51.99
11:46---------57.43
11:52---------60.36
11:55---------62.33
11:59---------64.98---------2676.98 (Day's high)
12:01---------64.47---------2676.47 (+2.47%)
Market Close.

Value turnover: PhP 4.530 bn
Cross transactions: PhP 1.484 bn
Block Sales: 100,000 shs AC @ PhP 280 = PhP 28.00 mn
----------------65,000,000 PEP @ PhP 0.70 = PhP 45.50 mn

Advancers 86
Decliners 27
Unchanged 58

There was no index issue decliner.

Sectoral Indices rallied across-the-board.
Property +3.65%
Industrial +3.08%
Holdings +2.58%
Finacail +1.84%
Services +1.72%
M-O +0.54%

The Day's Top Gainers:
LIHC: PhP 10.00; +17.65%
OM: PhP 0.0090; +12.50%
BEL: PhP 1.08; +11.34%

The Day's Biggest Decliners:
PRC: PhP 2.42; -8.68%
CDC: PhP 1.50; -6.25%
APXB: PhP 3.00; -6.25%

At mid-day:
Asian equities market were mostly up.
The Philippine Peso was at PhP 48.121 vs US$ 1.00.


CLOSING PRICES OF SELECT STOCKS (as of July 24, 2009):
ABA: PhP 0.95
ALI: PhP 9.20
DGTL: PhP 1.36
EDC: PhP 4.55
EIBA: PHP 0.26
FLI: PhP 0.82
GEO: PhP 0.74
GOB: PhP 0.17
JOH: PhP 1.40
LOTO: PhP 10.50
MEG: PhP 1.16
MPI: PhP 5.60
MUSX: PhP 0.115
PAX: PhP 2.75
PX: PhP 8.00
SPH: PhP 2.85
SUN: PhP 0.49
TA: PhP 1.00
UW: PhP 0.105
V: PhP 1.08
WEB: PhP 0.055