Philippine Markets: 25 July 2011

25 July 2011 

USD/PhP:          42.39        - 0.01                PSEi:             4480.50                        + 2.14 
USD/JPY:           78.24                        PFINC:                   1015.39                        + 1.18 
EUR/USD:         1.4348                        BDO:                  61.95                        - 0.55 
GBP/USD:         1.6284                        BPI:                  59.45                        + 0.15 
PDSTF3M:         2.7442                        MBT:               77.00                        + 0.45 
Prices as of  4:00pm                        Source: Bloomberg, Reuters 


Stocks slightly up ahead of Aquino’s SONA 
By: Doris C. Dumlao 
Philippine Daily Inquirer 

MANILA, Philippines—The local stocks index was marginally up on Monday ahead of President Aquino’s second State-of-the-Nation-Address.
The main-share Philippine Stock Exchange index added 2.14 points or 0.048 percent to finish at 4,480.50.

Trading was mixed across counters.  The financial, holding firms and property counters firmed up while the industrial, services and mining/oil counters traded in the red.

Value turnover was thin at P4.3 billion as financial markets awaited what the President had to say during the SONA Monday afternoon.

Despite the slight index gain, there were 75 advancers which were edged out by 80 decliners while 39 stocks were unchanged.


BDO UNIBANK, INC.

Jonathan Ravelas
Chief Market Strategist
(632) 858-3145

Rhys Cruz
Junior Researcher
(632) 858-3001