The day's market - April 25, 2007

From an interview regarding yesterday's market performance and outlook in today's trading.

BusinessWorld - April 25, 2007

Today, local equities traded within the upper limit of the trading range.

PSEI previous close - 3291.93 (April 24, 2007)

time-------------------change-------------------PSEI
9:30----------------down 2.27
9:31------------------up 0.55
9:36---------------------9.90-----------------3301.83

The 3,300 was immediately challenged.

9:38-------------------11.28
9:39-------------------12.96
9:42-------------------14.63
9:46-------------------15.54
9:47-------------------18.79
9:50-------------------19.29
9:51-------------------20.46
10:01-----------------21.58
10:08-----------------22.22------------------3314.15 (day's high)

Even if the market was up, decliners outnumbered gainers and the early gains were hard pressed to be sustained

10:23----------------12.25
10:27----------------11.25
10:43----------------10.46
10:44-----------------9.04------------------3300.97

The 3,300 level is still a shaky support.

11:02-----------------7.60-------------------3299.53
11:07-----------------6.88
11:10-----------------3.76
11:17-----------------2.30
11:24-----------------0.06

The market showed its uncertainty.

11:30-----------------4.88
11:31-----------------6.15
11:40-----------------1.87

Buying in the last minutes of trading buoyed up the index.

11:50-----------------7.50
12;01----------------17.50--------------3309.43 (+0.53%)
Market Close.


Advancers 45
Decliners 66

Value turnover PhP 3.266 bn
Cross transactions PhP 1.120 bn



The market may continue to take its lead from the movement in the Dow Jones in WallStreet. It rose 34.54 points last night to close at 12,953.94. A strong break of the key 13,000 level may pull up the Philippine stock market also nearer to its record high levels.