The stock market greets the Year of the Pig (2007)

The market tried to rally on the first day of trading in the New Lunar Year.
It opened strong and stayed on higher ground on the first half of trading but succumbed to some more selling pressure to continue its correction / consolidation from last Friday.


The day's market - February 19, 2007

PSEi Previous close 3333.56 (February 16, 2007 - friday)

----------------up / down------------PSEi
9:31------------up 18.54-------------3352.10
9:34------------up 23.14-------------3356.70

PLDT (TEL) opened at PhP 2640 but by 9:35, trade was at PhP2600 per share.

9:35------------up 7.90--------------3341.46
9:36------------up 13.88-------------3347.44
9:37----------------------PhP 48.076 to $ 1.00
9:50------------up 8.22--------------3341.78
10:05--------------------PhP 48.074 to $ 1.00
10:07-----------up 5.77--------------3339.33

The market tries to stage another run up.

10:24----------up 16.35--------------3349.91
10:25----------up 21.15--------------3354.71

The 3350 level seems to be the immediate resistance.

10:33----------up 13.85--------------3347.41
10:34---------------------PhP 48.076 to $1.00
10:40----------up 7.47---------------3341.03
10:43----------up 5.07---------------3338.63

The market now dips into negative territory.

10:58----------down 2.91-------------3330.65
11:01----------down 4.60-------------3328.96
11:07----------down 10.26------------3325.95
11:13----------down 12.78------------3320.78
11:27----------down 8.28-------------3325.28
11:33----------down 13.23------------3320.33
11:35----------down 15.00------------3318.56
11:50----------down 10.02------------3323.54
11:59----------down 8.83-------------3324.73
12:01----------down 4.53-------------3329.03
Market Close.


The day's top gainers:
1) BAL +49.40%
2) ATRK +25.81%
3) ASIA + 22.0%

The day's biggest losers:
1) GOB -7.69%
2) ICTV - 6.82%
3) OPMB -6.67%

The market was clearly uncertain as the sectoral indices ended mixed.
Industrial +0.80%
M-O +0.59%
Property +0.13%
Services -0.23%
Holdings -0.26%
Financial -0.71%