The day's market - April 4, 2007

The Philippine stock market got a shot in the arm from the overnight gains in WallStreet. The US DJIA zoomed up by 128 (+1.03%) points on back of the unexpected rise in pending home sales.
Asian markets also got a boost as they were all up in the morning session, and were again led by Hong Kong (up by more than 100 points) and Japan (up nearly 300 points).
The Philippine Peso was stronger and traded at around the PhP 48.14 to $ 1.00

PSEi previous close 3248.00

time-------------up------------PSEi
9:30------------16.71
9:50------------37.44
10:04-----------27.59
10:16-----------37.66
10:23-----------31.99
10:32-----------35.23
10;49-----------33.80
11:06-----------29.57
11;12-----------32.42
11:18-----------43.42
11:25-----------45.54
11:38-----------36.78
11:50-----------37.58
11:55-----------43.95
11:56-----------45.58
11:58-----------46.62
11:59-----------49.91
12:01-----------46.23---------3294.23 (+1.42%)
Market Close.

Gainers 83
Decliners 16

Value turnover PhP 5.358 billion

Sectoral Indices
Property +3.37%
Holdings +1.97%
M-O +1.47%
Industrial +1.45%
Financial +1.00%
Services +0.23%

Top Gainers
JTH--------Php 17.50 +48.94%
ASIA-------PhP 13.00 +18.18%
ABAB------PhP 0.018 +12.50%

Largest Decliners
UW--------PhP 0.20 -6.98%
LSC--------PhP 1.18 -6.35%
SFI--------PhP 0.39 -4.88%

Biggest Volumes
ALI-------PhP 742 mn------PhP 17.50 +4.47%
MBT------PhP 393 mn------PhP 63.50 +2.41%
TEL------PhP 393 mn-------PhP 2560.00 -0.19%

The PSEi closed the shortened trading week on a strong note and is poised to challenge the 3,300 level and close the close the gap at 3,324. Liquidity in the market, good financial/fiscal figures and strong company earnings lifted the local equities market this Holy Week.

**It has been a little more than a month since the global equities selldown which was triggered by the one-day 9% drop in China; and most markets have already recovered the losses.

Trading in the Philippine Stock Exchange (PSE) will resume on April 10, 2007 (tuesday).