Philippine Stock Market Summary - Sep 26, 2011

The PSEi dropped 164.74 points or 4.24% to 3,721.22. The benchmark index followed the rest of its Asian counterparts bringing its YTD losses to 11.42%.

Index losers outnumbered gainers 28 to 2. The only two gainers were URC (+1.35%), and JFC (+0.60%). On the flip side, all sub-indices fell across the board led by the Mining & Oil sector (-8.22%), and the Holding Firm sector (-4.61%). The biggest losers today were PX (-11.20%), SMDC (-10.14%), MEG (-8.43%), DMC (-8.42%), and SM (-8.16%).

Value turnover fell to Php5.28Bil from Php6.63Bil on Monday. Foreigners were net sellers as they liquidated Php852Mil worth of shares.


via www.citiseconline.com

Philippine Stock Market Summary - Sep 23, 2011

The PSEi lost 210.14 points or 5.13% to 3,885.96, its steepest one-day drop since
October 2008. Friday’s fall extended its weekly decline to 404.21 points or 9.42%,
the largest since November 2008.

For a second straight session, all 30 index constituents closed lower. All six sectors
fell at least 3.55%, with mining & oil shares (-9.87%) and property firms (-6.08%)
posting the biggest declines. The worst performers were SCC (-12.32%), URC
(-11.90%), BEL (-10.94%), and PX (-10.87%) which all fell over 10%. Other notable
decliners were MBT (-8.61%), RLC (-8.47%), and ALI (-8.21%).

Value turnover surged to Php6.63Bil from Thursday’s Php4.81Bil. Foreigners
continued to unload shares, liquidating Php267.64Mil worth of shares.

via www.citiseconline.com

New Trading Hours in Philippine Stock Market

 via http://www.pse.com.ph/

Please be guided by the following trading schedule:

Pre-Open 9:00 am

Continuous Trading 9:30 am

Pre-Close 12:47 pm

Run-Off/ Trading at last 12:50 pm

Close 1:00 pm

Please be reminded that trading hours will be extended until 1:00 P.M. starting on Monday, October 3, 2011.

Philippine Stock Market Summary - Sep 20, 2011

The PSEi dropped 88.17 points or 2.05% to 4,219.82 on Tuesday. The main-share index recorded its biggest one-day decline in six weeks following the downgrade of Italy’s credit rating.

The decline was broad-based, with all 30 index constituents ending the day in red. The sell-off was led by property shares (-3.52%), with SMPH (-6.30%), ALI (-3.16%), RLC (-2.88%), and SMDC (-2.65%) all posting steep losses. Other notable decliners were SM (-4.75%), DMC (-4.07%), and AGI (-2.87%). All six sectors lost over 1% on Tuesday.

Value turnover rose to Php3.82Bil from Php2.99Bil on Monday. Foreigners turned net sellers for the session, unloading Php506.79Mil worth of shares.


via www.citiseconline.com

Philippine Stock Market Summary Sep 21, 2011

The market extended its slump to a second day, with the PSEi losing 15.53 points or 0.37% to 4,201.14.

Index decliners led advancers 18 to 12. Among the biggest decliners were property shares SMDC (-3.08%), MEG (-1.62%) and ALI (-1.18%). SM (-2.07%) also fell, extending its losses to over 7% during the past 4 days. Other notable decliners were BDO (-1.79%), MER (-1.56%), and JGS (-1.26%). Meanwhile, DMC (+0.96%), PX (+0.84%), and SMC (+0.82%) bucked the overall trend to close higher. All sectors except the mining & oil sub-index (+0.54%) ended lower, led by holding firms (-0.87%) and property companies (-0.79%).

Value turnover fell to Php3.42Bil from Tuesday’s Php3.82Bil. Foreigners were net sellers for a second straight session, liquidating Php504.11Mil worth of shares.


via www.citiseconline.com

Banking Industry – Bank earnings grow 23.57% in 1H11

The Bangko Sentral ng Pilipinas reported that earnings of universal and commercial banks reached Php46.468Bil for the first half, 23.57% higher than the Php34.604Bil recorded from the same period last year. Despite the continued weakness in margins, net interest income rose 5.67% to Php95.994Bil; while non-interest income, which includes trading and FX gains and service fees, grew 16.7% to Php56.796Bil. Meanwhile, operating expense increased by 8.97% to Php96.044Bil. The first half result corresponds to an annualized return on equity of 13.3%, up from 11.77% in 1H10.


via www.citiseconline.com

Philippine Stock Market Summary Sep 19, 2011

 The PSEi rose on Monday, advancing 17.82 points or 0.42% to close at 4,307.99. The benchmark index managed to end in green despite most Asian indices falling.

Index gainers outnumbered decliners 18 to 9, while 3 issues closed flat. The industrial sector (+0.89%) recorded the biggest gain among all sub-indices, buoyed by MER (+2.75%), URC (+2.34%), FGEN (+2.26%), and AP (+2.00%). Other notable performers were ALI (+1.94%) and AEV (+1.91%). AEV advanced following reports that it has bought an additional 7.67Mil shares in Union Bank (UBP) last week. Meanwhile, BEL (-4.71%), SMDC (-2.58%), and PX (-2.81%) all fell sharply, dragging the property (-0.26%) and mining & oil sectors (-0.70%) down.

Value turnover dropped to Php2.99Bil from Php4.97Bil on Friday. Foreigners were net buyers during the session, accumulating Php226.37Mil worth of shares.


via www.citiseconline.com