The market was tentative after the past two day's steep drop succeeding the two day strong advance earlier this week. The DJIA was also flat at 12, 808.63 (up 4.79 points) but moved within a wide range between the 12,730 to 12,830 levels during its trading.
PSEi previous close - 3238.06 (April 19, 2007)
time-------------change---------------PSEi
9:32-------------down 2.07
9:34---------------up 0.36
9:37-------------down 0.82
9:41---------------up 0.75
9:44-------------down 0.31
9:45---------------up 6.61
9:51------------------2.94
10:02----------------9.40
10:17----------------5.82
10:25----------------3.65
10:33----------------7.04
10:54----------------8.18
11:00----------------8.68
An hour to go before trading closes, the market seemed to have stabilized enough and investors began to take positions in the market.
11:03---------------11.71
11:19---------------13.38
11:20---------------15.05
11:24---------------13.70
11:31---------------12.92
11:35---------------14.89
11:38---------------15.42
11:41---------------17.34
11:44---------------14.67
A mild buying binge is observed but is shortlived
11:46---------------18.61
11:47---------------25.40
11:48---------------26.57
11:49---------------28.69
11:55---------------29.21-------------3267.27
The PSEi briefly touched the 3267 level (the previous day's support target which was overshot) and is now a minor resistance.
11:57---------------26.75
11:58---------------24.80
11:59---------------21.91
12:01---------------16.70------------3254.76
Market Close.
Advancers 74
Decliners 34
Value turnover PhP 2.274 bn
Cross and Block transactions PhP 740 mn
Sectoral Indices
Financial +0.90%
Services +0.84%
M-O +0.68%
Industrials +0.38%
Holdings -0.37%
Property -0.06%
Market is still in a wide consolidation between the 3,200 to 3,300 levels and would be looking for new leads to set the trend for next week's trading.
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