The Philippine Stock Market - April 30 to May 02, 2007

Local equities has reverted into a range trading mode between the 3,200/3,220 to 3,300/3,335 level.

Monday - April 30, 2007
The DJIA was up by 14.44 popints and closed at 13,120.94. The market opened weak and the selling pressure to drive the index lower.

PSEi previous close 3318.38 (Apri 27, 2007)

time------------------down----------------PSEI
9:31------------------1.70
9:33------------------3.37
9:38------------------6.18
9:40------------------6.58
9:44------------------8.72
9:46-----------------10.45
9:49-----------------16.47
9:52-----------------17.19
9:53-----------------17.75
9:56-----------------18.35------------------3300.03

The 3300 level was tested as a support level. After the initial break, it tried to go back above

9:58-----------------18.48
10:04----------------20.02
10:10----------------23.56----------------3294.82
10:15----------------19.01----------------3299.37

After failing to hurdle the 3,300 level, the downtrend accelerated.

10:17----------------20.19
10:25----------------21.27
10:29----------------24.54
10:34----------------27.08
10:39----------------24.86
10:48----------------31.24
10:49----------------32.91
10:51----------------33.77
10:55----------------39.37
10:59----------------36.99
11:24----------------36.94
11:27----------------38.15
11:28----------------41.57
11:48----------------38.73
11:49----------------34.73
11:56----------------40.99
11:57----------------36.94
11:59----------------41.14
12:01----------------47.65----------------3270.73
Market Close.

Advancers 35
Decliners 68

Investors sold just before the Labor Day break as asian equity markets were down in the morning trade.


May 01, 2007

No Trading in the Philippine Stock Exchange.
The DJIA was down by 58.03 points to close at 13,062.91
PSEi previous close 3270.73



May 02, 2007

The DJIA rebounded and advanced by 73.23 points to close at 13,136.14. The local stock market also opened strong as the Labor Day rallies were generally peaceful.

PSEi previous close 3270.73 (April 30, 2007)

time -----------------up-----------------PSEi
9:31----------------3.24
9;32----------------4.39
9:33---------------13.79
9:34---------------15.70
9:35---------------22.18
9:36---------------25.81
9;39---------------26.02
9:40---------------29.59

The 3,300 level was immediately challenged within the first 10 minutes of trading.

9:41---------------32.98
9:43---------------33.62
9:46---------------34.78
9:47---------------36.63
10:02-------------37.43-------------------3308.46 (day's high)

Upon reaching the day's high within the first half hour, trading turned tentative.

10:13-------------30.49
10:14-------------28.87------------------3299.60

The 3,300 again failed to hold as a support level and the market gave up its gains as selling pressure again prevailed.

10:26-------------27.72
10:27-------------25.19
10:37-------------24.44
10:39-------------21.76
10:40------------20.10
10:42------------19.15
10:43------------16.47
10:47------------15.43
10:57------------12.78

Rallies were shortlived
10:59-----------17.75

Investors were quick on the draw to take any profits and added to the selling.
11:03-----------12.62
11:13-----------12.08
11:19-----------11.12
11:28-----------10.77
11:30-----------10.35
11:32------------8.52
11:35------------7.43
11:36------------5.81
11:37------------5.41
11:40------------4.46
11;42------------4.05
11:50------------0.19

The market ended flat.

11:59-----------4.58
12:01-----------1.26--------------------3271.99 (+0.04%)
Market Close.

Adavncers 52
Decliners 43

Value turnover PhP 3.994 bn
Cross transactions PhP 1.314 bn

Sectoral Indices
Industrial +1.35%
M-O +0.96%
Property +0.37%
Financial -0.49%
Holdings -0.49%
Services -0.19%