The day's market - May 29, 2007

Article from an interview regarding the Philippine stockmarket performance and outlook.

From BusinessWorld - May 29 2007


PSEi previous close - 3443.56 (May 28, 2007)

With the US markets on holiday; the local equities market continued with its consolidation mode but with a slightly upward bias. It opened higher as the second and thirdliners enjoyed brisk trading.

time-----------up--------------PSEi
9:31-----------0.46
9:45----------13.36
10:00---------18.21------------3461.77 (day's high)

Within half an hour, the market touched it's days high. the market then just drifted sideways.

10:57---------1.62-------------3445.18

Another hour of trading and the market is almost back where it started as most of the gains were given up. The market moved within a narrow trading range the rest of the session.

11:31--------11.84
11:59--------6.44--------------3450.00
12:01--------9.06--------------3452.62 (+0.26%)
Market Close.

Advancers 66
Decliners 41

Value turnover PhP 4.496 bn
Cross transactios PhP 1.958bn
Blockn sales PhP 143 mn

Sectoral Indices
Services +1.56%
M-O +0.61%
Industrial -0.03%
Holdings -0.09%
Financial -0.58%
Property -1.41%

Closing prices of select stocks - May 29,2007
ABA - PhP 0.013
ALI - PhP 15.25
AR - PhP 0.014
DGTL - PhP 1.64
EIB - PhP 0.55
LOTO - PhP 16.50
MPI - PhP 4.35
NRCP - PhP 4.35
SUN - PhP 0.70
V - PhP 1.68
WEB - PhP 0.049