The Dow Jones Industrial Average (DJIA) gained a modest 27.95 (+0.23%) points to end at 12,382.30.
High - 12394.98
Low - 12324.28
source: Bloomberg TV
News Items:
China Bourse hits record high
Chinese shares rose by 2.15% higher. The latest gains , which came only a month after the one-day crash in Shanghai which started a global equity meltdown. bring gains in the markets to more than 170% since january 2006.
The benchmark Shanhai Composite Index, which covers both A- and B- shares listed in the Shanghai Stock Exchange, jumped 68.61 points to 3,252.60 points, a new high. Turnover rose to 93.30 billion yuan 9$12 billion).
91-day Philippine Treasury bill hits record low
The rate of the three month (91day) T-bill averaged 2.86%, declining by 13.8 basis points from 2.998% during the auction on March 19.
The government awarded banks a rate of 3.509% for the six-month T-bill, while it rejected for the third time bids for the one-year debt instrument.
Bids for the one-year T-bill averaged 4.474%, a steep 65.4 basis-point climb from 3.82% it last fetched during the auction on Feb 19.
Peso falls on relaxed foreign exhange rules
The Philippine peso fell against the dollar, as banks played with the flexibility in trading provided by the central bank's relaxed currency rules. It closed at PhP 48.34, weaker by PhP0.06 from last Friday's close. Volume however was thin at $324.5. The peso traded within a 12-centavo range of PhP 48.23-48.35. It averaged PhP 48.294 from PhP 48.217
reference / source: BusinessWorld - April 3, 2007
News Article
Article form the Philippine Star. Quote from an interview regarding yeterday's market performance.
This also appears in the BusinessWorld.
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