The Philippine stockmarket once again rose on back of the advance in US markets overnight. The Dow Jones Industrial Average (DJIA) was up by 61.93 points to close at 12,288.10. With WallStreet seen to be stabilizing at the moment, and with most asian markets higher in the morning trading session, the days' gains in the local equities market were now sustained . Second and thirdliner stocks enjoyed brisk trading and buoyed up investor sentiment.
PSEI previous close 3039.38 (March 20, 2007)
time -------------up
9:30-----------14.89
9:43-----------24.89
10:01----------40.50
10:18----------46.21
11:01----------42.28
11:16----------45.72
11;54----------43.95
12:01----------51.09 (+1.68%)
Market Close.
The PSEi closed at 3,090.47, its day high. Momentum is seen to carry the market in testing the 3,100 resistance level.
Value turnover was flat at PhP 2.461 and punters continue to focus on small cap stocks.
Gainers 90
Decliners 23
Sectoral Indices were higher across-the-board.
Services +3.30%
Industrial +1.16%
M-O +1.08%
property +1.07%
Holdings +0.69%
Financial +0.60%
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