The day's market - March 9, 2007

The local equities market not only managed to hold the 3,000 index level but it even surged to test the next resistance at 3,100.
With the DJIA advancing modestly by 68.25 points, investors regained confidence to jump in the market.

The decision of the Bangko Sentral ng Pilipinas to freeze the overnight borrowing (7.5%) and lending (9.75%) rates and keep its tiered interest rate scheme intact (for the 4th month) assured the financial markets of ample liquidity in the system.

PSEi previous close 3028.37 (March 8, 2007)

time---------up--------PSEi
9:30--------21.54
9:42--------37.57 (PLDT opened at PhP 2350 from a previous close of PhP 2300)
10:07 ------76.12-----3104.49 (PLDT trading at PhP 2385)
10:52--------------------------------PhP 48.510 to $ 1.00
11:01-------83.73------3112.10 (the day's high)
11:37---------------------------------PhP 48.511 to $ 1.00
11:38-------71.63------3100.00
12:01-------71.45------3099.82 (up by 2.36% for the day)
Market Close.

All sectors were up.
M-O +5.42%
Property +2.96%
Services +2.29%
Industrial +2.02%
Financial +1.93%
Holdings +1.18%

Week-on-week
PSEi
March 2 : 3140.34
March 9: 3099.82
% change: -1.29%

The week's top gainers:
AGI +60.56%
JOH +20.00%
LR +20.00%

The week's biggest losers:
EIBR -28.00%
LAND -26.19%
MHI -25.77%