PSEi previous close - 3217.07 (April 13, 2007)
The Philippine Stock Market opened flat (3217.79) as investors just came out of the weekend break and the index tried to find a solid footing at the 3,200 - 3,220 support level. Investor sentiment got a good boost as the peso traded below the PhP 48 to $ 1.00 level and all asian equity markets were higher in the morning trade.
With the 3,200 level proving its strength early on and was seen to be holding firmly, the market slowly but surely advanced throughout the trading day. Also, with the economic and financial factors that recently came out being factored in and the bullish sentiment intact, the local equities market unleashed a strong finishing kick to close at its intraday high at 3,267.86 (up by 50.79 points or +1.58%).
Support is at 3,200 and immediate target resistance is the 3,300 level.
Advancers 64
Decliners 26
Value turnover PhP 3.66 billion
Gold Prices are now trading above the $680 / ounce level. The M-O (Mining-Oil) sector led the day's advance.
Sectoral Indices
M-O +4.27%
Holdings +3.53%
Property +2.36%
Financial +0.73%
Industrial +0.47%
Services +0.36%
Index Issues
Top Gainers
1. PX +10.87%
2. AC +7.14%
3. MEG +4.17%
4. ICT +3.64%
5. LCB +3.03%
Only Decliners
1. BEL -4.23%
2.SCC -1.96%
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