The days' market - February 20, 2007

The market again suddenly spiked amidst a corrective phase when investors jumped into the equities bandwagon as interest rates fell to record lows. The peso also continues to strengthen and is currently testing the PhP 48.00 to the dollar level.

PSEi previous close 3329.03 (February 19, 2007)

time---------------up / down-----------------PSEi
9:31---------------up 18.16----------------3347.19
9:35---------------up 17.55----------------3346.58
9:36---------------up 14.08----------------3343.11
9:39---------------------PhP 48.078 to $ 1.00
9:50---------------up 19.45----------------3348.48
10:00--------------up 12.81----------------3341.84

The market was initially tentative with the strength of the opening and tried to retreat. But investors regained confidence as the strong rise in the secondliners buoyed up sentiment. The peso also continued to improve.


10:13--------------up 20.73----------------3349.76
10:21-------------------Php 48.067 to $ 1.00
10:25--------------up 27.21----------------3356.24
10:51--------------up 30.34----------------3359.37
11:07-------------------PhP 48.064 to $1.00
11:15--------------up 39.12-----------------3368.15
11:36--------------up 45.58-----------------3374.61
11:42--------------up 47.22-----------------3376.25
-------------------------PhP 48.064 to $ 1.00
12:01--------------up 46.28-----------------3375.31
Market Close.

The market ended near its high and within sight of the 3,400 level once again.



All sectors were again higher across-the-board.
Property +2.16%
Holdings +2.41%
Industrial +1.72%
Financial +0.87%
Services + 0.77%
M-O +0.74%

Gainers 107
Decliners 31

Value turnover PhP 4.14 billion

The day's top gainers
1)MAHB +50.00%
2)MAH +48.72%
3)ZHI +43.24%

For INDEX ISSUES
Top Gainers
1) BEL +8.45%
2) JGS +8.00%
3) BPC +6.02%
4) ABS +6.00%
Only Decliners
1) DMC - 1.35%
2) SECB -0.58%