--------------------------Dec. 29------------June 29 --------% change
---------------------------2006---------------2007
PSEi---------------------2982.54------------3665.23-------+22.88%
All-Shares---------------1860.34-------------2361.15-------+26.92%
Financial------------------822.85--------------992.06-------+20.57%
Industrial----------------3940.47-------------5148.42-------+30.65%
Holdings------------------1731.27-------------2194.41-------+26.75%
Property------------------1261.67-------------1788.37-------+41.74%
Services-------------------1491.02-------------1601.78-------+7.42%
M-O-----------------------4527.68------------6503.23-------+43.63%
Phil Peso(vs $US)---------49.03----------------46.25-------(-5.67%)
Dow Jones---------------12463.20-----------13422.28--------+7.58%
Nikkei (Japan)-----------17225.83-----------18138.36--------+5.29%
HangSeng(HK)-----------19964.72-----------21772.73--------+9.05%
JCI (Indonesia)-----------1805.52-------------2135.93-------+18.48%
KLSE(Malaysia)-----------1096.24-------------1354.58-------+23.56%
SET(Thailand)-------------679.84--------------776.79--------+14.26%
Market matters:
The Bangko Sentral ng Pilipinas (BSP) says Inflation for June higher on back of rising tuition fees and oil prices.
The Philippine government will resume the offering of Treasury bills in order to reign in the widening budget gap deficit because of lower collections in the Bureau of Internal Revenue (BIR) and Bureau of Customs in the first half of the year.
Saturday, June 30, 2007
Friday, June 29, 2007
The day's market - June 29, 2007
The US Dow Jones Industrial Average closed flat. It was down by just 5.45 points to end at 13422.28. Lack of strong and convincing leads had trading in the Philippine stock market relatively uneventful. Momentum from yesterday's advance; and investor expectations of a window dressing, just carried the market to post modest gains.
time-------------up---------------PSEi
9:31------------7.13------------3652.13
9:32------------4.06
9:34------------9.87
9:35-----------10.99-----------3655.99
The PSEi just consolidates near the 3650 level.
9:38------------7.37
9:39------------2.66-----------3647.66
The market manages to hold on to its gains and it continues to trade with a positive bias.
9:44------------5.78
9:46------------7.33
9:49-----------10.48
9:50-----------14.45-----------3659.45
10:01---------12.79
10:02---------14.35
10:03---------16.67
10:08---------17.44------------3662.44
10:32---------13.44
10:39----------9.03------------3654.03
There was no real momentum build up to establish a strong trend. It just drifted sideways.
10:45---------10.45
11:14---------14.02
11:28---------13.78
11:32---------12.10
11:36---------11.51
11:42----------8.87
11:49---------15.24
A modest finishing kick had the market end at its high.
12:01---------20.23-----------3665.23 (+0.56%)
Market Close.
The expected first-half end window dressing was disappointing. It somehow leaves unclear directions for next weeks' trade. Any huge movement in foreign markets and new developments in the local business front over the weekend will have to be awaited and keenly watched.
Advancers 63
Decliners 57
Value turnover PhP 5.965 bn
Cross sales PhP 2.178 bn
Sectoral Indices.
Industrial +2.44%
Property +1.04%
Financial +0.72%
M-O +0.58%
Holdings +0.16%
Services -0.16%
Closing prices of select stocks - June 29, 2007
ABA - PhP 0.013
ALI - PhP 17.50
DGTL - PhP 1.58
EIB - PhP 0.55
GO - PhP 0.35
GOB - PhP 0.35
LOTO - PhP 15.50
MPI - PhP 4.45
NRCP - PhP 4.35
SUN - PhP 1.00
V - PhP 1.78
WEB - PhP 0.0625
time-------------up---------------PSEi
9:31------------7.13------------3652.13
9:32------------4.06
9:34------------9.87
9:35-----------10.99-----------3655.99
The PSEi just consolidates near the 3650 level.
9:38------------7.37
9:39------------2.66-----------3647.66
The market manages to hold on to its gains and it continues to trade with a positive bias.
9:44------------5.78
9:46------------7.33
9:49-----------10.48
9:50-----------14.45-----------3659.45
10:01---------12.79
10:02---------14.35
10:03---------16.67
10:08---------17.44------------3662.44
10:32---------13.44
10:39----------9.03------------3654.03
There was no real momentum build up to establish a strong trend. It just drifted sideways.
10:45---------10.45
11:14---------14.02
11:28---------13.78
11:32---------12.10
11:36---------11.51
11:42----------8.87
11:49---------15.24
A modest finishing kick had the market end at its high.
12:01---------20.23-----------3665.23 (+0.56%)
Market Close.
The expected first-half end window dressing was disappointing. It somehow leaves unclear directions for next weeks' trade. Any huge movement in foreign markets and new developments in the local business front over the weekend will have to be awaited and keenly watched.
Advancers 63
Decliners 57
Value turnover PhP 5.965 bn
Cross sales PhP 2.178 bn
Sectoral Indices.
Industrial +2.44%
Property +1.04%
Financial +0.72%
M-O +0.58%
Holdings +0.16%
Services -0.16%
Closing prices of select stocks - June 29, 2007
ABA - PhP 0.013
ALI - PhP 17.50
DGTL - PhP 1.58
EIB - PhP 0.55
GO - PhP 0.35
GOB - PhP 0.35
LOTO - PhP 15.50
MPI - PhP 4.45
NRCP - PhP 4.35
SUN - PhP 1.00
V - PhP 1.78
WEB - PhP 0.0625
Thursday, June 28, 2007
The day's market - June 28, 2007
The Dow Jones Industrial Average (DJIA) rose 90.87 (+0.68%) points to close at 13427.73. The big rally in WallStreet after being down earlier; brought back confidence to investors in the local equities market.
PSEi previous close - 3587.21 (June 27, 2007)
time ------------up-----------PSEi
9:31------------9.22---------3596.43
9:32-----------14.35---------3601.56
The 3600 level was easily hurdled and buyers were again active in the market.
9:33-----------15.13
9:34-----------16.40
9:37-----------18.96
9:38-----------25.83
9:40-----------26.56
9:41-----------27.69
9:43-----------28.38
9:42-----------31.48
9:44-----------32.68
9:45-----------32.96---------3620.17
The next resistance at 3,620 was challenged.
9:49-----------34.85
9:52-----------36.24--------3623.45
A minor correction.
9:54-----------33.15
9:55-----------32.95
9:59-----------30.09
10:06----------29.46-------3616.67
10:08----------32.69-------3619.90
The 3620 level is also successfully and convincingly broken and the upward trend continued.
10:19---------45.37--------3632.58
10:21---------46.55
10:33---------45.70
10:43---------52.64
10:48---------59.13
10:49---------60.73
10:55---------63.11
10:57---------64.23
10:58---------65.26--------3652.47 (the day's high)
The resistance at 3650 is now tested. The market consolidates in the last hour of trading.
11:04---------60.18
11:12---------57.88
11:20---------56.67
11:25---------60.83
11:30---------58.65
11:34---------56.65
11:52---------57.58
11:56---------59.16
11:58---------59.59
12:01---------57.59--------3645.00 (+1.61%)
Market Close.
Advancers 100
Decliners 23
The market was able to sustain most of the day's gains. Momentum and first half (2007) window dressing may push the market higher.
Value turnover PhP 6.65 bn
Cross transactions PhP 3.70 bn
Sector Indices.
Holdings +2.31%
Industrial +1.85%
Financial +1.76%
Services +1.53%
property +0.62%
M-O -0.86%
Closing prices of select stocks. - June 28, 2007
ABA - PhP 0.013
ALI - PhP 17.50
AR - PhP 0.015
DGTL - PhP 1.56
EIB - PhP 0.56
LOTO - PhP 15.75
MPI - PhP 4.50
NRCP - PhP 4.40
SUN - PhP 1.00
V- PhP 1.78
WEB - PhP 0.0625
PSEi previous close - 3587.21 (June 27, 2007)
time ------------up-----------PSEi
9:31------------9.22---------3596.43
9:32-----------14.35---------3601.56
The 3600 level was easily hurdled and buyers were again active in the market.
9:33-----------15.13
9:34-----------16.40
9:37-----------18.96
9:38-----------25.83
9:40-----------26.56
9:41-----------27.69
9:43-----------28.38
9:42-----------31.48
9:44-----------32.68
9:45-----------32.96---------3620.17
The next resistance at 3,620 was challenged.
9:49-----------34.85
9:52-----------36.24--------3623.45
A minor correction.
9:54-----------33.15
9:55-----------32.95
9:59-----------30.09
10:06----------29.46-------3616.67
10:08----------32.69-------3619.90
The 3620 level is also successfully and convincingly broken and the upward trend continued.
10:19---------45.37--------3632.58
10:21---------46.55
10:33---------45.70
10:43---------52.64
10:48---------59.13
10:49---------60.73
10:55---------63.11
10:57---------64.23
10:58---------65.26--------3652.47 (the day's high)
The resistance at 3650 is now tested. The market consolidates in the last hour of trading.
11:04---------60.18
11:12---------57.88
11:20---------56.67
11:25---------60.83
11:30---------58.65
11:34---------56.65
11:52---------57.58
11:56---------59.16
11:58---------59.59
12:01---------57.59--------3645.00 (+1.61%)
Market Close.
Advancers 100
Decliners 23
The market was able to sustain most of the day's gains. Momentum and first half (2007) window dressing may push the market higher.
Value turnover PhP 6.65 bn
Cross transactions PhP 3.70 bn
Sector Indices.
Holdings +2.31%
Industrial +1.85%
Financial +1.76%
Services +1.53%
property +0.62%
M-O -0.86%
Closing prices of select stocks. - June 28, 2007
ABA - PhP 0.013
ALI - PhP 17.50
AR - PhP 0.015
DGTL - PhP 1.56
EIB - PhP 0.56
LOTO - PhP 15.75
MPI - PhP 4.50
NRCP - PhP 4.40
SUN - PhP 1.00
V- PhP 1.78
WEB - PhP 0.0625
Wednesday, June 27, 2007
The day's market - June 27, 2007
The Dow Jones Industrial Average (DJIA) ended lower overnight despite gains early in the session. It ended lower by 14.39 points to close at 13337.66.
PSEi previous close - 3657.12 (June 26, 2007)
time----------down-----------PSEi
9:31----------10.18-----------3646.94
9:34----------18.91
9:36----------21.63-----------3635.49
The chart gap at 3633 is almost closed and the market tries to rally.
9:37---------17.67
9:40---------15.63------------3641.49
Trading of PLDT (TEL) shares opened with a transaction at PhP 2600 (from a previous close of PhP 2670) and being an index heavyweight; the impact on the Philippine Stock Exchange Index (PSEi) was immediate.
9:41---------37.42
9:43---------37.94------------3619.18
At this point, PDT shares traded higher and the index recovers just as fast. Minor support was at 3620.
9:44---------27.13-----------3629.99 (PLDT at PhP 2630)
9:45---------14.24-----------3642.88 (PLDT at PhP 2670)
9:48---------10.61
9:51----------4.79
10:07--------1.96------------3655.16
The market has recovered its early losses and was poised to go higher. But a sudden selloff among thirdliner issues kept the market from going higher and kept it in negative territory.
10:08--------7.02
10:12--------3.48
10:18--------8.49
10:21--------8.65
The selldown turns into panic.
10:30-------18.06
10:35-------21.77
10:42-------23.42-----------3633.70
10:45-------26.11
10:47-------32.43
10:50-------36.67-----------3620.45
The minor support at 3620 was easily broken and the downtrend accelerates. The selloff continued.
10:51--------38.54----------3618.58
10:54--------39.47
10:55--------43.60
11:00--------46.36
11:03--------48.05
11:06--------53.06
11:09--------55.31
11:15---------55.40---------3601.72
The 3600 level was easily broken.
11:17---------62.25---------3594.87
11:21---------66.53
11:21---------63.48
11:25---------70.43---------3586.69
11:28---------69.69
11:31---------67.66
11:34---------71.88
11:38---------72.34
11:39---------72.38
11:44---------72.55
11:52---------78.81----------3578.31 (the day's low)
11:57---------73.06
11:58---------68.34
11:59---------73.00
12:01---------69.91---------3587.21 (-1.91%)
Market Close.
Advancers 14
Decliners 139
There was only one index issue gainer.
Most asian markets were down and the peso was above the PhP 46.40 level in the morning sessions.
Value turnover PhP 5.561 bn
Cross transactions PhP 1.583 bn
Sectoral Indices were down across-the-board.
M-O -3.81%
Financial -2.47%
Property -2.06%
Holdings -2.00%
Services -1.65%
Industrial -1.41%
Closing prices of select stocks - June 27, 2007
ABA - PhP 0.013
ALI - PhP 17.50
AR - PhP 0.015
DGTL - PhP 1.56
EIB - PhP 0.54
LOTO - PhP 15.50
MPI - PhP 4.30
NRCP - PhP 4.35
SUN - PhP 0.99
V - PhP 1.74
WEB - PhP 0.060
PSEi previous close - 3657.12 (June 26, 2007)
time----------down-----------PSEi
9:31----------10.18-----------3646.94
9:34----------18.91
9:36----------21.63-----------3635.49
The chart gap at 3633 is almost closed and the market tries to rally.
9:37---------17.67
9:40---------15.63------------3641.49
Trading of PLDT (TEL) shares opened with a transaction at PhP 2600 (from a previous close of PhP 2670) and being an index heavyweight; the impact on the Philippine Stock Exchange Index (PSEi) was immediate.
9:41---------37.42
9:43---------37.94------------3619.18
At this point, PDT shares traded higher and the index recovers just as fast. Minor support was at 3620.
9:44---------27.13-----------3629.99 (PLDT at PhP 2630)
9:45---------14.24-----------3642.88 (PLDT at PhP 2670)
9:48---------10.61
9:51----------4.79
10:07--------1.96------------3655.16
The market has recovered its early losses and was poised to go higher. But a sudden selloff among thirdliner issues kept the market from going higher and kept it in negative territory.
10:08--------7.02
10:12--------3.48
10:18--------8.49
10:21--------8.65
The selldown turns into panic.
10:30-------18.06
10:35-------21.77
10:42-------23.42-----------3633.70
10:45-------26.11
10:47-------32.43
10:50-------36.67-----------3620.45
The minor support at 3620 was easily broken and the downtrend accelerates. The selloff continued.
10:51--------38.54----------3618.58
10:54--------39.47
10:55--------43.60
11:00--------46.36
11:03--------48.05
11:06--------53.06
11:09--------55.31
11:15---------55.40---------3601.72
The 3600 level was easily broken.
11:17---------62.25---------3594.87
11:21---------66.53
11:21---------63.48
11:25---------70.43---------3586.69
11:28---------69.69
11:31---------67.66
11:34---------71.88
11:38---------72.34
11:39---------72.38
11:44---------72.55
11:52---------78.81----------3578.31 (the day's low)
11:57---------73.06
11:58---------68.34
11:59---------73.00
12:01---------69.91---------3587.21 (-1.91%)
Market Close.
Advancers 14
Decliners 139
There was only one index issue gainer.
Most asian markets were down and the peso was above the PhP 46.40 level in the morning sessions.
Value turnover PhP 5.561 bn
Cross transactions PhP 1.583 bn
Sectoral Indices were down across-the-board.
M-O -3.81%
Financial -2.47%
Property -2.06%
Holdings -2.00%
Services -1.65%
Industrial -1.41%
Closing prices of select stocks - June 27, 2007
ABA - PhP 0.013
ALI - PhP 17.50
AR - PhP 0.015
DGTL - PhP 1.56
EIB - PhP 0.54
LOTO - PhP 15.50
MPI - PhP 4.30
NRCP - PhP 4.35
SUN - PhP 0.99
V - PhP 1.74
WEB - PhP 0.060
Tuesday, June 26, 2007
The day's market - June 26, 2007
Market comments
BusinessWorld - June 26, 2007
With WallStreet almost flat, the market had no clear lead to follow.
PSEi previous close - 3653.58 (June 26, 2007)
time------------change-----------PSEi
9:31---------down 4.95----------3648.63
9:32--------------9.22
9:33--------------7.00
9:36--------------2.72
9:38-----------up 0.42----------3654.00
The PSEi tried to advance but with the market still into its consolidation mode, it continued its decline.
9:39---------down 4.15
9:42--------------7.83
9:44--------------8.52
9:47-------------10.11
9:56-------------14.09
10:12------------14.46----------3639.12 (the day's low)
The index tried to close the gap at 3633 but local investors bought up bargains and the market reversed from its downtrend.
10:19--------down 7.93
10:20-------------4.02
10:21-------------2.84
10:22-------------0.50----------3653.05
The market moves into positive territory and advance accelerates.
10:23-----------up 0.39
10:24--------------3.47
10:25--------------4.55
10:26--------------4.98
10:27--------------8.85
10:30-------------11.80
10:32-------------12.08
10:33-------------13.20
10:35-------------15.02
10:43-------------15.51
10:53-------------21.58
10:58-------------25.42----------3679.00
Correction and profit taking sets in. The 3680 level was seen as a resistance.
10:59-------------19.16
11:07-------------19.02
Another attempt to spur the market to continue advance.
11:13------------27.12------------3680.70 (day's high)
The day's high was reached near the resistance; and it encountered selling pressure at once.
11:15------------20.97
11:20------------18.09
A last ditch effort to sustain and keep the day's gains.
11:23------------23.46
11:25------------24.14
Profit taking and increased selling pressure late in the trading day had the market going downhill the rest of the session.
11:28-------------20.80
11:31-------------16.99
11:39-------------14.49
11:46-------------14.41
11:50-------------12.43
11:51-------------11.57
11:54--------------9.42
11:55--------------8.93
11:56--------------7.63
11:58--------------2.72
11:59--------------2.65
12:01--------------3.54------------3657.12(+0.10%)
Market Close.
Advancers 40
Decliners 94
Value turnover PhP 5.322 bn
Cross transactions PhP 1.389 bn
Sectoral Indices.
Industrial +1.09%
Services +0.84%
Property -0.01%
Holdings -0.20%
Financial -1.18%
M-O -1.44%
Closing prices of selected stocks - June 26, 2007
ABA - PhP 0.013
ALI - PhP 18.00
AR - PhP 0.016
DGTL - PhP 1.60
EIB - PhP 0.57
LOTO - PhP 15.75
MPI - PhP 4.40
NRCP - PhP 4.40
SUN - PhP 1.10
V - PhP 1.78
WEB - PhP 0.065
BusinessWorld - June 26, 2007With WallStreet almost flat, the market had no clear lead to follow.
PSEi previous close - 3653.58 (June 26, 2007)
time------------change-----------PSEi
9:31---------down 4.95----------3648.63
9:32--------------9.22
9:33--------------7.00
9:36--------------2.72
9:38-----------up 0.42----------3654.00
The PSEi tried to advance but with the market still into its consolidation mode, it continued its decline.
9:39---------down 4.15
9:42--------------7.83
9:44--------------8.52
9:47-------------10.11
9:56-------------14.09
10:12------------14.46----------3639.12 (the day's low)
The index tried to close the gap at 3633 but local investors bought up bargains and the market reversed from its downtrend.
10:19--------down 7.93
10:20-------------4.02
10:21-------------2.84
10:22-------------0.50----------3653.05
The market moves into positive territory and advance accelerates.
10:23-----------up 0.39
10:24--------------3.47
10:25--------------4.55
10:26--------------4.98
10:27--------------8.85
10:30-------------11.80
10:32-------------12.08
10:33-------------13.20
10:35-------------15.02
10:43-------------15.51
10:53-------------21.58
10:58-------------25.42----------3679.00
Correction and profit taking sets in. The 3680 level was seen as a resistance.
10:59-------------19.16
11:07-------------19.02
Another attempt to spur the market to continue advance.
11:13------------27.12------------3680.70 (day's high)
The day's high was reached near the resistance; and it encountered selling pressure at once.
11:15------------20.97
11:20------------18.09
A last ditch effort to sustain and keep the day's gains.
11:23------------23.46
11:25------------24.14
Profit taking and increased selling pressure late in the trading day had the market going downhill the rest of the session.
11:28-------------20.80
11:31-------------16.99
11:39-------------14.49
11:46-------------14.41
11:50-------------12.43
11:51-------------11.57
11:54--------------9.42
11:55--------------8.93
11:56--------------7.63
11:58--------------2.72
11:59--------------2.65
12:01--------------3.54------------3657.12(+0.10%)
Market Close.
Advancers 40
Decliners 94
Value turnover PhP 5.322 bn
Cross transactions PhP 1.389 bn
Sectoral Indices.
Industrial +1.09%
Services +0.84%
Property -0.01%
Holdings -0.20%
Financial -1.18%
M-O -1.44%
Closing prices of selected stocks - June 26, 2007
ABA - PhP 0.013
ALI - PhP 18.00
AR - PhP 0.016
DGTL - PhP 1.60
EIB - PhP 0.57
LOTO - PhP 15.75
MPI - PhP 4.40
NRCP - PhP 4.40
SUN - PhP 1.10
V - PhP 1.78
WEB - PhP 0.065
Before the market opens - June 26, 2007
US Economy : Existing Home sales approach 4 year low
The Dow Jones Industrial Average (DJIA) was flat and was down by only 8.21 points. It closed at 13,352.05
Chinese shares fall 3.68% yesteray on fears of the possibility of another interest rate hike.
In the news:
The Philippine Government saved PhP 14.6 bn in the first five months of 2007 owing to a prevailing favorable interest rate environment locally and abroad that allowed debt service payments to drop by 9% to PhP 327.85 bn this year from PhP 360.58 bn in the same period last year.
Interest payments: PhP 123.15 bn
local/domestic lenders: PhP 65.97
foreign creditors: PhP 57.18
Principal payments: PhP 204.58 bn
domestic loans : PhP 182.74 bn
foreign loans: dollar equivalent of PhP 21.95 bn
BusinessMirror - June 26, 2007
Tourist arrivals hit the 1 million mark in the first four months (January to April)of 2007. The total of 1,034,329 is a 7.1% increase compared to the same period last year (965,853).
Over PhP 100 bn investments in tourism related projects have been made in the Philippines since 2005.
Investments in Philippine Economic Zone Authority (PEZA)economic zones as of June 13, 2007 hit PhP 69.082 bn whichs is 201% higher than the PhP 22.906 bn approved during the same period last year.
The Dow Jones Industrial Average (DJIA) was flat and was down by only 8.21 points. It closed at 13,352.05
Chinese shares fall 3.68% yesteray on fears of the possibility of another interest rate hike.
In the news:
The Philippine Government saved PhP 14.6 bn in the first five months of 2007 owing to a prevailing favorable interest rate environment locally and abroad that allowed debt service payments to drop by 9% to PhP 327.85 bn this year from PhP 360.58 bn in the same period last year.
Interest payments: PhP 123.15 bn
local/domestic lenders: PhP 65.97
foreign creditors: PhP 57.18
Principal payments: PhP 204.58 bn
domestic loans : PhP 182.74 bn
foreign loans: dollar equivalent of PhP 21.95 bn
BusinessMirror - June 26, 2007
Tourist arrivals hit the 1 million mark in the first four months (January to April)of 2007. The total of 1,034,329 is a 7.1% increase compared to the same period last year (965,853).
Over PhP 100 bn investments in tourism related projects have been made in the Philippines since 2005.
Investments in Philippine Economic Zone Authority (PEZA)economic zones as of June 13, 2007 hit PhP 69.082 bn whichs is 201% higher than the PhP 22.906 bn approved during the same period last year.
Monday, June 25, 2007
The day's market - June 25, 2007
The local equities market tried to stay above the 3,700 level but the huge decline in WallStreet last Friday was too hard to ignore.
PSEi previous close - 3701.16 (June 22, 2007)
time------------change---------------PSEi
9:31------------up 3.95--------------3705.11 (day's high)
9:32---------down 2.93--------------3698.23
After just a couple of minutes into trading, the 3700 level was easily broken and selling pressure steadily increased.
9:33---------down 10.04
9:37----------------14.91
9:38----------------20.19
9:40----------------25.52
9:41----------------27.64
After an initial wave of selling, there was a slight rebound, but the decline continued.
9:42---------down 23.14
9:43---------------25.03
9:44---------------27.85
9:45---------------31.90
9:51---------------34.06
9:53---------------35.18
10:01-------------46.41------------ 3654.14
The market consolidated in a narrow range the rest of the trading day. The rally towards the close that was observed in last week's declines; never came.
The market initially tried to hold near its recent low at the 3,660 level.
10:10------down 46.02-------------3655.14
10:15------------41.04-------------3660.12
10:16------------39.82
10:22------------44.25
10:29------------41.67
10:30------------38.58
10:33------------37.57-------------3663.59
10:36------------43.10
10:40------------40.80------------3660.13
10:42------------42.64
10:44------------45.85
10:45------------46.63------------3654.53
After it became evident that the hoped for rebound will not materialize, the market moved to a lower range near the 3650 level.
10:46-----down 47.12-------------3654.04
10:48-----------48.55
10:49-----------49.66
10:50-----------51.22-------------3649.89
10:52-----------47.07
11:02-----------51.72
11:14-----------51.05
11:22-----------50.87
11:24-----------51.56
11:37-----------48.86
11:46-----------51.27
11:48-----------52.80------------3648.76 (day's low)
11:53-----------47.91
11:55-----------45.75
11:57-----------46.98
11:58-----------47.92
11:59-----------41.12--------(last try to limit losses)
12:01-----------47.58-------------3653.58 (-1.28%)
Market Close.
Advancers 31
Decliners 98
Value turnover PhP 4.204 bn
Cross transactions PhP 1.387 bn
Resistance remain at 3,700. Should the correction/consolidation mood persist, the market may close the gap at the 3633 level. Support is at the 3,600-3,630 level.
Sectoral Indices.
Industrial +0.29%
Financial -0.71%
Services -1.64%
Holdings -1.83%
Property -1.83%
M-O -2.26%
Closing prices of select stocks - June 25, 2007
ABA - PhP 0.014
ALI - PhP 17.75
AR - PhP 0.016
DGTL - PhP 1.62
EIB - PhP 0.58
LOTO - PhP 16.00
MPI - PhP 4.30
NRCP - PhP 4.45
SUN - PhP 1.16
V - PhP 1.82
WEB - PhP 0.0675
PSEi previous close - 3701.16 (June 22, 2007)
time------------change---------------PSEi
9:31------------up 3.95--------------3705.11 (day's high)
9:32---------down 2.93--------------3698.23
After just a couple of minutes into trading, the 3700 level was easily broken and selling pressure steadily increased.
9:33---------down 10.04
9:37----------------14.91
9:38----------------20.19
9:40----------------25.52
9:41----------------27.64
After an initial wave of selling, there was a slight rebound, but the decline continued.
9:42---------down 23.14
9:43---------------25.03
9:44---------------27.85
9:45---------------31.90
9:51---------------34.06
9:53---------------35.18
10:01-------------46.41------------ 3654.14
The market consolidated in a narrow range the rest of the trading day. The rally towards the close that was observed in last week's declines; never came.
The market initially tried to hold near its recent low at the 3,660 level.
10:10------down 46.02-------------3655.14
10:15------------41.04-------------3660.12
10:16------------39.82
10:22------------44.25
10:29------------41.67
10:30------------38.58
10:33------------37.57-------------3663.59
10:36------------43.10
10:40------------40.80------------3660.13
10:42------------42.64
10:44------------45.85
10:45------------46.63------------3654.53
After it became evident that the hoped for rebound will not materialize, the market moved to a lower range near the 3650 level.
10:46-----down 47.12-------------3654.04
10:48-----------48.55
10:49-----------49.66
10:50-----------51.22-------------3649.89
10:52-----------47.07
11:02-----------51.72
11:14-----------51.05
11:22-----------50.87
11:24-----------51.56
11:37-----------48.86
11:46-----------51.27
11:48-----------52.80------------3648.76 (day's low)
11:53-----------47.91
11:55-----------45.75
11:57-----------46.98
11:58-----------47.92
11:59-----------41.12--------(last try to limit losses)
12:01-----------47.58-------------3653.58 (-1.28%)
Market Close.
Advancers 31
Decliners 98
Value turnover PhP 4.204 bn
Cross transactions PhP 1.387 bn
Resistance remain at 3,700. Should the correction/consolidation mood persist, the market may close the gap at the 3633 level. Support is at the 3,600-3,630 level.
Sectoral Indices.
Industrial +0.29%
Financial -0.71%
Services -1.64%
Holdings -1.83%
Property -1.83%
M-O -2.26%
Closing prices of select stocks - June 25, 2007
ABA - PhP 0.014
ALI - PhP 17.75
AR - PhP 0.016
DGTL - PhP 1.62
EIB - PhP 0.58
LOTO - PhP 16.00
MPI - PhP 4.30
NRCP - PhP 4.45
SUN - PhP 1.16
V - PhP 1.82
WEB - PhP 0.0675
Saturday, June 23, 2007
Stock Market Matters - June 23, 2007
The Dow Jones Industrial Average (DJIA) was down on Friday by a whopping 185.58 points as a large hedge fund posted disappointing returns on its investments in sub prime mortgages. A bail-out has not stemmed fears of a contagion effect on other funds' investments.
The DJIA closed at 13,360.26 as it fell for the week after a double top formation at the 13,680 level was seen.
Oil nears the $70 a barrel price level. Gold is just above $650 an ounce.
The DJIA closed at 13,360.26 as it fell for the week after a double top formation at the 13,680 level was seen.
Oil nears the $70 a barrel price level. Gold is just above $650 an ounce.
Friday, June 22, 2007
Summary of Indices (June 18-22 2007) Philippine Stock Exchange
----------------last week-----this week-----change--------%change
Phisix---------3,671.29------3,701.16-----up 29.87-------up 0.81%
Holdings------2,235.51------2,230.46-----dn 5.05--------dn 0.22%
Industrial----4,785.97-------4,936.35-----up 150.38-----up 3.14%
Property-----1,776.35-------1,829.63-----up 53.28-------up 2.99%
Financial-----1,001.91-------1,011.62-----up 9.71---------up 0.97%
M-O----------6,692.02-------7,038.77-----up 346.75------up 5.18%
All Shares----2,324.79------2,375.71------up 50.92-------up 2.19%
Phisix---------3,671.29------3,701.16-----up 29.87-------up 0.81%
Holdings------2,235.51------2,230.46-----dn 5.05--------dn 0.22%
Industrial----4,785.97-------4,936.35-----up 150.38-----up 3.14%
Property-----1,776.35-------1,829.63-----up 53.28-------up 2.99%
Financial-----1,001.91-------1,011.62-----up 9.71---------up 0.97%
M-O----------6,692.02-------7,038.77-----up 346.75------up 5.18%
All Shares----2,324.79------2,375.71------up 50.92-------up 2.19%
The day's market - June 22, 2007
The Dow Jones Industrial Average (DJIA) was up 56.42 points and closed at 13545.84. And coming from yesterday's recovery, the market opened higher to try and reach new highs.
PSEi previous close - 3714.59 (June 21, 2007)
time---------------change--------------PSEi
9:31-------------up 7.05--------------3721.64
9:32----------------8.95
Positive investor sentiment kept the market buoyant
9:35-------------up 1.83--------------3716.42
9:37----------------3.50
9:43----------------9.67
9:45---------------10.24
9:47---------------11.07
9:50---------------13.01
9:52---------------13.42
9:55---------------14.08
9:56---------------15.67---------------3730.26 (new all time high)
There was not enough momentum to go higher and a correction ensued.
9:59------------up 12.41
10:00--------------7.46
10:05--------------0.44---------------3715.03
The market struggles to keep afloat.
10:06--------down 1.48
10:07--------------2.49
10:16-----------up 1.08
10:23--------down 1.14
After failing to stay on the upside, the decline accelerates.
10:25--------down 5.11
10:28--------------7.86
10:30--------------9.03
10:34--------------8.25
10:40-------------13.93------------3700.66
The strength of the support at the 3700 level is once more tested.
10:45--------------9.67
10:46-------------12.77
10:50-------------14.03-----------3700.56
When the market fell below 3700, another round of selling had the market move lower.
10:51-------------16.43-----------3698.16
11:05-------------15.97
11:10-------------16.27
11:13-------------21.00-----------3693.59
An attempt to rebound was made
11:21------------17.29
11:26------------16.83------------3697.76
But investors who opted for cash ahead of the weekend continued to sell when the market failed to go beyond 3700.
11:30-----------20.33
11:31-----------23.12
11:46-----------25.83
11:50-----------26.26
11:53-----------27.59-------------3687.00 (the day's low)
Last minute activity had the Philippine Stock Exchange Index (PSEi ) settle at the 3,7000 level.
11:57------------17.42-------------3696.74
11:58------------25.86------------3688.73
11:59------------21.67------------3692.92
12:01------------13.43------------3701.16 (-0.36%)
Market Close.
Advancers 62
Decliners 56
Value turnover PhP 19.424 bn
Cross transactions PhP 3.825 bn
Block Sales PhP 12 bn
The cross transactions included more than 27 mn shares of MBT at PhP 73.oo worth PhP 2 bn.
The block sale involved almost 5bn shares of CMP shares atPhp 2.46/2.48
Sectoral Indices.
M-O +1.21%
Industrial +1.05%
Financial -0.41%
Holdings -0.59%
Property -0.74%
Services - 0.90%
Closing prices of select stocks - June 22, 2007
ABA - PhP 0.013
ALI - PhP 18.25
AR - PhP 0.017
DGTL - PhP 1.64
EIB - PhP 0.56
LOTO - PhP 16.25
MPI- PhP 4.40
NRCP - PhP 4.50
SUN - PhP 1.24
V - PhP 1.84
WEB - PhP 0.070
PSEi previous close - 3714.59 (June 21, 2007)
time---------------change--------------PSEi
9:31-------------up 7.05--------------3721.64
9:32----------------8.95
Positive investor sentiment kept the market buoyant
9:35-------------up 1.83--------------3716.42
9:37----------------3.50
9:43----------------9.67
9:45---------------10.24
9:47---------------11.07
9:50---------------13.01
9:52---------------13.42
9:55---------------14.08
9:56---------------15.67---------------3730.26 (new all time high)
There was not enough momentum to go higher and a correction ensued.
9:59------------up 12.41
10:00--------------7.46
10:05--------------0.44---------------3715.03
The market struggles to keep afloat.
10:06--------down 1.48
10:07--------------2.49
10:16-----------up 1.08
10:23--------down 1.14
After failing to stay on the upside, the decline accelerates.
10:25--------down 5.11
10:28--------------7.86
10:30--------------9.03
10:34--------------8.25
10:40-------------13.93------------3700.66
The strength of the support at the 3700 level is once more tested.
10:45--------------9.67
10:46-------------12.77
10:50-------------14.03-----------3700.56
When the market fell below 3700, another round of selling had the market move lower.
10:51-------------16.43-----------3698.16
11:05-------------15.97
11:10-------------16.27
11:13-------------21.00-----------3693.59
An attempt to rebound was made
11:21------------17.29
11:26------------16.83------------3697.76
But investors who opted for cash ahead of the weekend continued to sell when the market failed to go beyond 3700.
11:30-----------20.33
11:31-----------23.12
11:46-----------25.83
11:50-----------26.26
11:53-----------27.59-------------3687.00 (the day's low)
Last minute activity had the Philippine Stock Exchange Index (PSEi ) settle at the 3,7000 level.
11:57------------17.42-------------3696.74
11:58------------25.86------------3688.73
11:59------------21.67------------3692.92
12:01------------13.43------------3701.16 (-0.36%)
Market Close.
Advancers 62
Decliners 56
Value turnover PhP 19.424 bn
Cross transactions PhP 3.825 bn
Block Sales PhP 12 bn
The cross transactions included more than 27 mn shares of MBT at PhP 73.oo worth PhP 2 bn.
The block sale involved almost 5bn shares of CMP shares atPhp 2.46/2.48
Sectoral Indices.
M-O +1.21%
Industrial +1.05%
Financial -0.41%
Holdings -0.59%
Property -0.74%
Services - 0.90%
Closing prices of select stocks - June 22, 2007
ABA - PhP 0.013
ALI - PhP 18.25
AR - PhP 0.017
DGTL - PhP 1.64
EIB - PhP 0.56
LOTO - PhP 16.25
MPI- PhP 4.40
NRCP - PhP 4.50
SUN - PhP 1.24
V - PhP 1.84
WEB - PhP 0.070
Thursday, June 21, 2007
Big drop in WallStreet induces a correction in the PSE - June 21,2007
Market Comments
BusinessWorld June 21, 2007
The Dow Jones Industrial Average fell by 146.00 (-1.07%) points overnight to end at 13489.42. This was taken as a cue by the local equities market to take a breather after its recent charge to new all time high levels.
PSEI previous close - 3718.88 - June 20, 2007
time----------down-------------PSEi
9:31----------10.74------------3708.14
9:33----------12.75
9:35----------10.62------------3708.26
The market was initially trying to hold above the 3,700 level as recent large drops in the US markets did not shatter investors confidence in the Philippine stock market. But coming from a strong run up to new all time high levels, caution was the order of the day as a consolidation was also needed.
For the first five minutes, there was still no trade in PLDT which closed yesterday at PhP 2685. When PLDT opened its trading with a transaction at PhP 2600, the Philippine Stock Exchange Index (PSEi) immediately dropped and it induced a selldown.
9:37---------38.52-------------3680.36
The big price drop in PLDT had the market test a support at 3,680. But the sudden steep decline unnerved investors and selling accelerated.
9:38----------48.42
9:42----------49.44
9:55----------52.37
10:04---------53.89
10:06---------56.47-----------3662.41 (the day's low)
There was an attempt to close chart gap at the 3633-3657 levels. But with the price PLDT recovering; bargain hunters stepped in.
10:08--------46.47
10:09--------45.01
10:11--------41.87
10:12--------38.74-------------3680.14.
The 3680 level as a resistance was now being tested. By now, PLDT was trading at PhP 3675.
10:13--------35.44
10:14--------34.73
10:15--------33.27
10:16--------30.10
10:19--------30.54
10:20--------28.57--------------3690.31
The 3,680 level was breached........
10:28--------34.94
10:39--------34.99--------------3683.89
.......the 3,680 level held as a support......
10:45--------27.50--------------3691.38
10:48--------25.65
11:03--------23.31
11:20--------20.38
11:27--------19.19
11:32--------19.58--------------3699.30
The key 3,700 level was now being tested
11:37-------23.38---------------3695.50
11:48-------15.14---------------3703.74
11:49-------18.16---------------3700.72
11:55-------19.61---------------3697.27
11:56-------18.87---------------3700.01
After hovering in the 3700 level, a strong finishing kick had the market recover most of its losses and close above the 3700 level.
11:57------16.84
11:58------10.57
11:59-------8.91
12:01-------4.29--------------3714.59 (-0.11%)
Market Close.
Advancers 82
Decliners 46
Value turnover PhP 5.921 bn
Cross transactions PhP 1.679 bn
Sectoral Indices
M-O +1.81%
Services +0.88%
Holdings +0.47%
Financial -0.02%
Industrial -0.12%
Property -1.25%
The market showed great resilience as it managed to recover the day's losses. Despite the correction, Advancers outnumbered gainers and some sectors even managed to advance.
Closing prices of select stocks - June 21, 2007
ABA - PhP 0.013
ALI - PhP 18.50
AR - PhP 0.016
DGTL - PhP 1.64
EIB - PhP 0.56
LOTO - PhP 16.25
MPI - PhP 4.50
NRCP - PhP 4.60
SUN - PhP 1.12
V - PhP 1.86
WEB - PhP 0.0725
Wednesday, June 20, 2007
The Philippine Stock Exchange Index (PSEi) Zooms past the 3700 level - June 20, 2007
The Dow Jones Industrial Average was again relatively flat as it closed higher by 22.44 points to end at 13635.42. The PLDT ADRs however advanced by $1.28 pershare to close at $58.80. Converting it (at around PhP 45.80 to the dollar - which was its trading range in the morning), its price comes out to PhP 2693. It closed yesterday at PhP 2640. At the bell, it opened at PhP 2680 and immediately lifted the index.
PSEi previous close - 3667.14 (June 19, 2007)
time--------------up----------------PSEi
9:31------------17.10-------------3684.24
9:34------------24.59
9:39------------27.56
9:41------------30.85
9:44------------32.79-------------3699.93
In fifteen minutes, the 3,700 level was again tested. When it was broken, the advance accelerated and the all-time high level at 3707 was also breached.
9:46-----------42.70--------------3709.84
9:47-----------45.38
9:48-----------45.75--------------3712.89
A slight pullback.
9:50----------40.75
9:56----------39.89--------------3707.03
The rally continues.
9:59---------48.05
10:08--------48.69
10:09--------50.26
10:22--------51.68
10:23--------54.09---------------3721.23 (new all time high)
Profit taking caps the market's advance.
10:30--------48.43
10:34--------45.14
10:45--------41.83
10:49--------39.28
10:51--------38.56
10:59--------35.78
11:14--------33.24
11:19--------33.06
11:23--------32.76--------------3699.90
The 3700 level as a support was now tested.
11:24--------35.86
11:25--------38.10-------------3705.24
11:35-------33.11--------------3700.25
11:40-------34.77
11:43-------40.27-------------3707.41
And tested again.
11:45-------29.44-------------3696.58
11:48-------33.52-------------3700.66
11:49-------41.86--------------3709.00
11:53-------34.96--------------3702.10
When the 3700 support held its ground, the market gathered momentum in the last five minutes of the trading session to close near its high.
11:55-------37.20
11:58-------43.58
11:59-------44.95
12:01-------51.74-------------3718.88 (+1.41%)
Market Close.
Advancers 95
Decliners 39
Sectoral Indices advanced across-the-board.
Property + 2.99%
Services +1.54%
Financial +1.17%
Industrial +1.01%
Holdings +0.65%
M-O +0.26%
Closing prices of select stocks - June 20, 2007
ABA - PhP 0.013
ALI - PhP 19.00
AR - PhP 0.016
DGTL - PhP 1.68
EIB - PhP0.58
LOTO - PhP 16.25
MPI - PhP 4.40
NRCP - PhP 4.70
SUN - PhP 0.92
V - PhP 1.84
WEB - PhP 0.065
In the NEWS:
Budget Deficit from January to May 2007: PhP 41.80 bn
Target for the first semester 2007: PhP 31 bn
May 2007 tax collection shortfall : PhP 1.7 bn ($37mn)
May 2007 xpenditures up 14% from a year earlier while revenues rose only 5%
May 2006 - PhP 5.8 bn surplus
April 2007 - phP 12 bn surplus
Reference / Source: BusinessWorld - June 20, 2007
PSEi previous close - 3667.14 (June 19, 2007)
time--------------up----------------PSEi
9:31------------17.10-------------3684.24
9:34------------24.59
9:39------------27.56
9:41------------30.85
9:44------------32.79-------------3699.93
In fifteen minutes, the 3,700 level was again tested. When it was broken, the advance accelerated and the all-time high level at 3707 was also breached.
9:46-----------42.70--------------3709.84
9:47-----------45.38
9:48-----------45.75--------------3712.89
A slight pullback.
9:50----------40.75
9:56----------39.89--------------3707.03
The rally continues.
9:59---------48.05
10:08--------48.69
10:09--------50.26
10:22--------51.68
10:23--------54.09---------------3721.23 (new all time high)
Profit taking caps the market's advance.
10:30--------48.43
10:34--------45.14
10:45--------41.83
10:49--------39.28
10:51--------38.56
10:59--------35.78
11:14--------33.24
11:19--------33.06
11:23--------32.76--------------3699.90
The 3700 level as a support was now tested.
11:24--------35.86
11:25--------38.10-------------3705.24
11:35-------33.11--------------3700.25
11:40-------34.77
11:43-------40.27-------------3707.41
And tested again.
11:45-------29.44-------------3696.58
11:48-------33.52-------------3700.66
11:49-------41.86--------------3709.00
11:53-------34.96--------------3702.10
When the 3700 support held its ground, the market gathered momentum in the last five minutes of the trading session to close near its high.
11:55-------37.20
11:58-------43.58
11:59-------44.95
12:01-------51.74-------------3718.88 (+1.41%)
Market Close.
Advancers 95
Decliners 39
Sectoral Indices advanced across-the-board.
Property + 2.99%
Services +1.54%
Financial +1.17%
Industrial +1.01%
Holdings +0.65%
M-O +0.26%
Closing prices of select stocks - June 20, 2007
ABA - PhP 0.013
ALI - PhP 19.00
AR - PhP 0.016
DGTL - PhP 1.68
EIB - PhP0.58
LOTO - PhP 16.25
MPI - PhP 4.40
NRCP - PhP 4.70
SUN - PhP 0.92
V - PhP 1.84
WEB - PhP 0.065
In the NEWS:
Budget Deficit from January to May 2007: PhP 41.80 bn
Target for the first semester 2007: PhP 31 bn
May 2007 tax collection shortfall : PhP 1.7 bn ($37mn)
May 2007 xpenditures up 14% from a year earlier while revenues rose only 5%
May 2006 - PhP 5.8 bn surplus
April 2007 - phP 12 bn surplus
Reference / Source: BusinessWorld - June 20, 2007
Tuesday, June 19, 2007
Philippine Stock Market Consolidates below 3700 - June 19,2007
With the Dow Jones ending relatively flat overnight in WallStreet(down 26.50 points to close at 13612.98); the local equities market did not find any impetus to continue its rally the past days. It consolidated in a narrow range just below the 3700 level and is currently trying to find a support base.
PSEi previous close - 3680.55 (June 18, 2007)
PSEi close - 3667.14 - June 19, 2007 (down 13.1 points or -0.36%)
low - 3663.86
high - 3683.70
Gainers 77
Decliners 58
Value turnover PhP 6.518 bn
Sectoral Indices.
M-O + 0.91%
Industrial + 0.33%
Holdings + 0.01%
Financial -0.28%
Services -0.32%
Property -0.85%
Closing prices of select stocks - June 19, 2007
ABA - PhP 0.013
ALI - PhP 18.50
AR - PhP 0.015
DGTL - PhP 1.70
EIB - PhP 0.53
LOTO - PhP 16.00
MPI - PhP 4.35
NRCP - PhP 4.60
SUN - PhP 0.82
V- PhP 1.72
WEB - PhP 0.0575
The Philippine peso traded below the PhP 46.00 level against the US$.
PSEi previous close - 3680.55 (June 18, 2007)
PSEi close - 3667.14 - June 19, 2007 (down 13.1 points or -0.36%)
low - 3663.86
high - 3683.70
Gainers 77
Decliners 58
Value turnover PhP 6.518 bn
Sectoral Indices.
M-O + 0.91%
Industrial + 0.33%
Holdings + 0.01%
Financial -0.28%
Services -0.32%
Property -0.85%
Closing prices of select stocks - June 19, 2007
ABA - PhP 0.013
ALI - PhP 18.50
AR - PhP 0.015
DGTL - PhP 1.70
EIB - PhP 0.53
LOTO - PhP 16.00
MPI - PhP 4.35
NRCP - PhP 4.60
SUN - PhP 0.82
V- PhP 1.72
WEB - PhP 0.0575
The Philippine peso traded below the PhP 46.00 level against the US$.
Monday, June 18, 2007
The day's market - June 18, 2007
The Philippine stock market continued to ride on its breakout momentum from last week. With the DJIA up on Friday, local investors immediately got in the market from the opening bell.
PSEi previous close - 3671.29 (June 15, 2007)
time-----------up---------------PSEi
9:31----------15.55------------3686.84
9:32----------15.70
9:33----------11:41------------3682.70.
It seems that 3680 was seen as a minor support.
9:34----------13.78
9:36----------26.31
9:41----------27.96
9:54----------29.99------------3701.28.
The first test of the 3,700 level.
10:02--------21.21
10:04--------20.15
10:10--------18.91
10:15--------17.68
10:20--------16.73-------------3688.02
After a slight pullback, the rally continues.
10:25--------26.80
10:28--------29.49------------3700.78
The next attempt to breach the 3,700 level is somehow successful.
10:37---------31.15------------3702.44
10:38---------31.77
10:49---------32.36
10:51---------36.03-----------3707.32 (new all time high).
After sputtering upon reaching its high, the PSEi run-up lost steam.
11:07--------27.94 ------------3698.53
11:20--------26.56
11:21--------25.80
11:29--------24.97
11:34--------30.18------------3701.47.
The market tries again to hurdle the 3,700 level. When it failed, the market declined and profit taking set in.
11:40-------22.76------------3694.01
11:46-------20.83
11:54-------16.59
11:57--------9.09
11:58--------6.01------------3677.30
The market has already given back most of its gains.
11:59-------11.34
12:01--------9.26------------3680.55 (+0.25%)
Market Close.
Advancers 71
Decliners 49
Value turnover PhP 9.353 bn
Cross Transactions PhP 2.056 bn
Block Sales PhP 357 mn
Sectoral Indices.
Property +2.91%
M-O +0.89%
Industrial +0.89%
Financial +0.51%
Holdings -0.76%
Services -1.63%
The local equities market has lost most of its momentum as the day's gains has been limited and not all sectors were on the upside today. If the market fails to break through the 3,700 level, a correction (and continuation of the reversal observed in the last half hour of the day's trading); may follow and the PSEi will be in search of a solid support level to sustain its current uptrend.
Closing prices of selected stocks - June 18, 2007
ABA - PhP 0.013
ALI - PhP 18.75
AR - PhP 0.015
DGTL - PhP 1.60
EIB - PhP 0.54
LOTO - PhP 15.75
MPI - PhP 4.30
NRCP - PhP 4.75
SUN - PhP 0.83
V - PhP 1.70
WEB - PhP 0.0575
Today was the continuation of trading of AGI (Alliance Global Group Inc) shares which recently just concluded its secondary offering of its shares. Its previously closed at PhP 6.40 before temporarily suspendingits trade. and offered its shares at PhP 5.75. At the resumption of its trading, it opened at PhP 6.40, touched a high of PhP 6.50 and a low of PhP 6.20; and closed at PhP 6.40. Total Vome turnover was at 592,043,000 shares with a value of PhP 3.774 bn.
In the News:
Net foreign Investment in the stock market rose 86.2% to PhgP 46.56 bn during the first five months of 2007, from 25.01 bn a year earlier.
Foreign buying almost doubled to PhP 280.31 bn from PhP 141.2 bn; while foreign selling expanded 101.3% and reached PhP 233.75 bn from PhP 116.14 bn.
As of May 31, total market capitalization hit PhP 8 trillion, or 11.6% higher than PhP 7.17 trillion at the end of 2006.
Market capitalization of listed domestic companies also reached PhP 4.1 trillion or 22.4% higher than PhP 3.35 trillion at the end of 2006.
Total value turnover from January to May reached PhP 499.78bn or 134.1% more than the PhP 213.45 bn a year earlier
Average value turnover also grew 138.9% to PhP 4.85 bn from PhP 2.03 bn during the same comparable period.
Source / Reference : BusinessMirror - June 18, 2007
PSEi previous close - 3671.29 (June 15, 2007)
time-----------up---------------PSEi
9:31----------15.55------------3686.84
9:32----------15.70
9:33----------11:41------------3682.70.
It seems that 3680 was seen as a minor support.
9:34----------13.78
9:36----------26.31
9:41----------27.96
9:54----------29.99------------3701.28.
The first test of the 3,700 level.
10:02--------21.21
10:04--------20.15
10:10--------18.91
10:15--------17.68
10:20--------16.73-------------3688.02
After a slight pullback, the rally continues.
10:25--------26.80
10:28--------29.49------------3700.78
The next attempt to breach the 3,700 level is somehow successful.
10:37---------31.15------------3702.44
10:38---------31.77
10:49---------32.36
10:51---------36.03-----------3707.32 (new all time high).
After sputtering upon reaching its high, the PSEi run-up lost steam.
11:07--------27.94 ------------3698.53
11:20--------26.56
11:21--------25.80
11:29--------24.97
11:34--------30.18------------3701.47.
The market tries again to hurdle the 3,700 level. When it failed, the market declined and profit taking set in.
11:40-------22.76------------3694.01
11:46-------20.83
11:54-------16.59
11:57--------9.09
11:58--------6.01------------3677.30
The market has already given back most of its gains.
11:59-------11.34
12:01--------9.26------------3680.55 (+0.25%)
Market Close.
Advancers 71
Decliners 49
Value turnover PhP 9.353 bn
Cross Transactions PhP 2.056 bn
Block Sales PhP 357 mn
Sectoral Indices.
Property +2.91%
M-O +0.89%
Industrial +0.89%
Financial +0.51%
Holdings -0.76%
Services -1.63%
The local equities market has lost most of its momentum as the day's gains has been limited and not all sectors were on the upside today. If the market fails to break through the 3,700 level, a correction (and continuation of the reversal observed in the last half hour of the day's trading); may follow and the PSEi will be in search of a solid support level to sustain its current uptrend.
Closing prices of selected stocks - June 18, 2007
ABA - PhP 0.013
ALI - PhP 18.75
AR - PhP 0.015
DGTL - PhP 1.60
EIB - PhP 0.54
LOTO - PhP 15.75
MPI - PhP 4.30
NRCP - PhP 4.75
SUN - PhP 0.83
V - PhP 1.70
WEB - PhP 0.0575
Today was the continuation of trading of AGI (Alliance Global Group Inc) shares which recently just concluded its secondary offering of its shares. Its previously closed at PhP 6.40 before temporarily suspendingits trade. and offered its shares at PhP 5.75. At the resumption of its trading, it opened at PhP 6.40, touched a high of PhP 6.50 and a low of PhP 6.20; and closed at PhP 6.40. Total Vome turnover was at 592,043,000 shares with a value of PhP 3.774 bn.
In the News:
Net foreign Investment in the stock market rose 86.2% to PhgP 46.56 bn during the first five months of 2007, from 25.01 bn a year earlier.
Foreign buying almost doubled to PhP 280.31 bn from PhP 141.2 bn; while foreign selling expanded 101.3% and reached PhP 233.75 bn from PhP 116.14 bn.
As of May 31, total market capitalization hit PhP 8 trillion, or 11.6% higher than PhP 7.17 trillion at the end of 2006.
Market capitalization of listed domestic companies also reached PhP 4.1 trillion or 22.4% higher than PhP 3.35 trillion at the end of 2006.
Total value turnover from January to May reached PhP 499.78bn or 134.1% more than the PhP 213.45 bn a year earlier
Average value turnover also grew 138.9% to PhP 4.85 bn from PhP 2.03 bn during the same comparable period.
Source / Reference : BusinessMirror - June 18, 2007
Saturday, June 16, 2007
Stock Market Matters - June 16, 2007
The week that was in the Philippine Stock Market (June 12-15)
Top Gainers:
1) AAA PhP 1.10 +120.00%
2) BKD PhP 1.14 +83.87%
3) WIN PhP 0.47 +56.67%
Worst Decliners:
1) CAT PhP 2.65 -59.85%
2) DHC PhP 7.20 -40.00%
3) GEO PhP -11.70%
Changes in the Indices:
---------------last wk------this wk-------change-----------%
Phisix-------3526.73----3621.29-----up 144.56----( +4.09%)
Holdings----2135.81-----2235.51-----up 99.70-----(+4.66%)
Industrial---4705.63----4785.97-----up 80.34-----(+1.70%)
Property----1684.24-----1776.35-----up 92.11------(+5.46%)
Financial----959.01------1001.91-----up 42.90-----(+4.47%)
M-O---------6945.53-----6692.02----dn 253.51----(-3.64%)
All Shares---2249.57----2324.79-----up 75.22-----(+3.34%)
Other News:
In WallStreet; he Dow Jones Industrial Average (DJIA) was up again by 85.76 points on Friday and closed at 13639.48.
NEDA: Philippine unemployment falls to 7.4% in April (compared to 8.2% in 2006).
OFWs remittances to the Philippines; up by 32.6% in April year-on-year.
Top Gainers:
1) AAA PhP 1.10 +120.00%
2) BKD PhP 1.14 +83.87%
3) WIN PhP 0.47 +56.67%
Worst Decliners:
1) CAT PhP 2.65 -59.85%
2) DHC PhP 7.20 -40.00%
3) GEO PhP -11.70%
Changes in the Indices:
---------------last wk------this wk-------change-----------%
Phisix-------3526.73----3621.29-----up 144.56----( +4.09%)
Holdings----2135.81-----2235.51-----up 99.70-----(+4.66%)
Industrial---4705.63----4785.97-----up 80.34-----(+1.70%)
Property----1684.24-----1776.35-----up 92.11------(+5.46%)
Financial----959.01------1001.91-----up 42.90-----(+4.47%)
M-O---------6945.53-----6692.02----dn 253.51----(-3.64%)
All Shares---2249.57----2324.79-----up 75.22-----(+3.34%)
Other News:
In WallStreet; he Dow Jones Industrial Average (DJIA) was up again by 85.76 points on Friday and closed at 13639.48.
NEDA: Philippine unemployment falls to 7.4% in April (compared to 8.2% in 2006).
OFWs remittances to the Philippines; up by 32.6% in April year-on-year.
Friday, June 15, 2007
The Philippine Stock Exchange Index (PSEi) tests the 3,700 level - June 15, 2007
With the US DJIA closing higher by 71.37 points (to close at 13,553.72) overnight, there was no stopping the momentum built from yesterday's record breaking run.
PSEi previous close - 3628.62 (June 15, 2007)
time----------up-------------PSEi
9:31---------28.50-----------3657.12
Within 8 minutes, the market neared the 3,700 level and reached its intraday high.
9:32---------36.59
9:33---------55.18
9:34---------58.32
9:35---------63.58
9:38---------65.05---------3693.67 (a new all time high)
As expected, after going up very fast and after testing a resistance level, a correction ensued.
9:40--------61.26
9:42--------58.10
9:44--------55.31
9:46--------54.13
9:48--------53.29
9:48--------50.94
9:50--------46.51
9:54--------46.15
10:00-------46.09
10:01-------44.93
10:06-------41.54
10:07-------40.61
10:08-------38.96--------3667.58
The market gave back 40% of its gains in the last 20%. For the rest of the trading day, the market cosolidated its gains.
Up.
10:27--------46.34
10:38--------48.07
10:46--------47.07
10:55--------49.72-------3678.34
Down.
11:14---------38.76
11:29---------36.53
11:30---------34.51
11:41---------33.70--------3662.32
Up.
11:42---------47.31
11:50---------49.74
11:59---------50.99--------3679.61
Down.
12:01---------42.67--------3671.29 (+1.18%)
Market Close.
Advancers 67
Decliners 49
Value turnover PhP 19.659 bn
Cross transactions PhP 1.672 bn
Block Sales PhP 13.717 bn
The Block sale involved San Miguel Shares.
The Peso was trading at PhP 46.591 vs $ 1.00 in the morning trade and asian markets were up.
Sectoral indices.
Holdings +3.08%
Propert +1.17%
Financial +1.02%
Industrial +0.72%
Services +0.20%
M-O -0.95%
Closing prices of select stocks - June 15, 2007
ABA - PhP 0.013
ALI - PhP 17.75
AR - PhP 0.015
DGTL - PhP 1.52
EIB - PhP 0.54
LOTO - PhP 15.75
MPI - PhP 4.30
NRCP - PhP 4.45
SUN - PhP 0.83
V - PhP 1.70
WEB - PhP 0.055
PSEi previous close - 3628.62 (June 15, 2007)
time----------up-------------PSEi
9:31---------28.50-----------3657.12
Within 8 minutes, the market neared the 3,700 level and reached its intraday high.
9:32---------36.59
9:33---------55.18
9:34---------58.32
9:35---------63.58
9:38---------65.05---------3693.67 (a new all time high)
As expected, after going up very fast and after testing a resistance level, a correction ensued.
9:40--------61.26
9:42--------58.10
9:44--------55.31
9:46--------54.13
9:48--------53.29
9:48--------50.94
9:50--------46.51
9:54--------46.15
10:00-------46.09
10:01-------44.93
10:06-------41.54
10:07-------40.61
10:08-------38.96--------3667.58
The market gave back 40% of its gains in the last 20%. For the rest of the trading day, the market cosolidated its gains.
Up.
10:27--------46.34
10:38--------48.07
10:46--------47.07
10:55--------49.72-------3678.34
Down.
11:14---------38.76
11:29---------36.53
11:30---------34.51
11:41---------33.70--------3662.32
Up.
11:42---------47.31
11:50---------49.74
11:59---------50.99--------3679.61
Down.
12:01---------42.67--------3671.29 (+1.18%)
Market Close.
Advancers 67
Decliners 49
Value turnover PhP 19.659 bn
Cross transactions PhP 1.672 bn
Block Sales PhP 13.717 bn
The Block sale involved San Miguel Shares.
The Peso was trading at PhP 46.591 vs $ 1.00 in the morning trade and asian markets were up.
Sectoral indices.
Holdings +3.08%
Propert +1.17%
Financial +1.02%
Industrial +0.72%
Services +0.20%
M-O -0.95%
Closing prices of select stocks - June 15, 2007
ABA - PhP 0.013
ALI - PhP 17.75
AR - PhP 0.015
DGTL - PhP 1.52
EIB - PhP 0.54
LOTO - PhP 15.75
MPI - PhP 4.30
NRCP - PhP 4.45
SUN - PhP 0.83
V - PhP 1.70
WEB - PhP 0.055
Thursday, June 14, 2007
The Philippine Stock Market reaches new all time highs - June 14, 2007
The DJIA rebounded strongly and was up by 187.34 points overnight to end at 13482.35. Local investors immediately reacted to the poisitive sentiment and boosted the equity market.
Asian markets were also up in the morning trades.
PSEi previous close 3543.82 - June 13, 2007
time------------up--------------PSEi
9:31-----------26.68-------------3570.50
9:32-----------29.49
9:33-----------32.97
9:36-----------39.59-------------3583.41
Within a few minutes the initial resistance at the 3570-3580 level was shattered.
9:37------------44.31
9:38------------44.61
9:39------------47.01
9:40------------47.95
9:42------------50.80
9:43------------54.05
9:46------------58.11-------------3601.93
After just over a quarter of an hour of trading, the market hurdled the 3600 level and continued to rise.
9:48------------59.35
9:49------------73.08
9:50------------75.56
9:51------------78.75-------------3622.57
At this point, the market has already gone past its previous all time high close.
9:52------------79.91
9:53------------80.83
9:55------------81.32
9:57------------88.23
10:00----------89.83--------------3633.65 (new all time high)
The market then just moved in a narrow range between the 3620 -3630 level the rest of the trading session as in consolidated and kept most of its gains.
10:04----------84.76
10:05----------81.59
10:10----------79.10---------------3622.92
10:16----------83.53
10:19----------84.15---------------3627.97
10:31----------82.15
10:34----------79.92
10:42----------77.79
11:00----------76.23---------------3620.05
11:15-----------78.32
11:27-----------81.83
11:33-----------84.19
11:43-----------88.25---------------3632.07
11:48-----------82.36
11:57-----------81.73
11:59-----------80.62
12:01-----------84.80---------------3628.62 (+2.39%)
Market Close.
Momentum may carry the PSEi to higher levels. But the market is once again treading uncharted territories and in the past day's, it has just been tracking movement in WallStreet. Volatility can still be expected and a consolidation above the 3600 is welcome.
Advancers 96
Decliners 32
Value turnover PhP 6.089 bn
Cross transactions PhP 2.008 bn
Sectoral Indices were higher across-the-board.
Property +5.03%
Holdings +2.51%
Financial +1.82%
Services +1.52%
Industrial +0.89%
M-O +0.28%
Closing prices of select stocks - June 14, 2007
ABA - PhP 0.014
ALI - PhP 17.50
AR -PhP 0.015
DGTL - PhP 1.52
EIB - PhP 0.54
LOTO - PhP 16.00
MPI - PhP 4.35
NRCP - PhP 4.35
SUN - PhP 0.80
V - PhP 1.68
WEB - PhP 0.0575
Asian markets were also up in the morning trades.
PSEi previous close 3543.82 - June 13, 2007
time------------up--------------PSEi
9:31-----------26.68-------------3570.50
9:32-----------29.49
9:33-----------32.97
9:36-----------39.59-------------3583.41
Within a few minutes the initial resistance at the 3570-3580 level was shattered.
9:37------------44.31
9:38------------44.61
9:39------------47.01
9:40------------47.95
9:42------------50.80
9:43------------54.05
9:46------------58.11-------------3601.93
After just over a quarter of an hour of trading, the market hurdled the 3600 level and continued to rise.
9:48------------59.35
9:49------------73.08
9:50------------75.56
9:51------------78.75-------------3622.57
At this point, the market has already gone past its previous all time high close.
9:52------------79.91
9:53------------80.83
9:55------------81.32
9:57------------88.23
10:00----------89.83--------------3633.65 (new all time high)
The market then just moved in a narrow range between the 3620 -3630 level the rest of the trading session as in consolidated and kept most of its gains.
10:04----------84.76
10:05----------81.59
10:10----------79.10---------------3622.92
10:16----------83.53
10:19----------84.15---------------3627.97
10:31----------82.15
10:34----------79.92
10:42----------77.79
11:00----------76.23---------------3620.05
11:15-----------78.32
11:27-----------81.83
11:33-----------84.19
11:43-----------88.25---------------3632.07
11:48-----------82.36
11:57-----------81.73
11:59-----------80.62
12:01-----------84.80---------------3628.62 (+2.39%)
Market Close.
Momentum may carry the PSEi to higher levels. But the market is once again treading uncharted territories and in the past day's, it has just been tracking movement in WallStreet. Volatility can still be expected and a consolidation above the 3600 is welcome.
Advancers 96
Decliners 32
Value turnover PhP 6.089 bn
Cross transactions PhP 2.008 bn
Sectoral Indices were higher across-the-board.
Property +5.03%
Holdings +2.51%
Financial +1.82%
Services +1.52%
Industrial +0.89%
M-O +0.28%
Closing prices of select stocks - June 14, 2007
ABA - PhP 0.014
ALI - PhP 17.50
AR -PhP 0.015
DGTL - PhP 1.52
EIB - PhP 0.54
LOTO - PhP 16.00
MPI - PhP 4.35
NRCP - PhP 4.35
SUN - PhP 0.80
V - PhP 1.68
WEB - PhP 0.0575
Wednesday, June 13, 2007
The days' market - June 13, 2007
Quotes from an interview regarding comments / observations on yesterday's market rally published in today's papers-
...................."Coming off previous big losses, the rally was expected after the market took a breather last week".........
The Philippine Star and The Philippine Daily Inquirer - June 13, 2007
The Dow Jones Industrial Average fell hard overnight as it lost 129.95 points to close at 13,295.01. A big decline in WallStreet is hard to ignore and local investors immediately turn cautious. Momentum from yesterday's strong rally was effectively nipped at the bud and a correction unfolded.
PSEi previous close - 3571.10 (June 12,2007)
time---------------down----------------PSEi
9:31--------------22.08---------------3549.02
The PSEi immediately broke the minor support at 3550. The market then continued to drop for most of the trading day though there was no overwhelming panic selling.
9:33--------------23.94
9:37--------------25.38
9:42--------------26.30
9:51--------------28.48
9:54--------------29.18
9:55--------------30.12
10:06-------------33.33
10:27-------------34.28
10:30-------------39.85
10:34-------------40.35
10:49-------------42.91
10:55-------------44.87
10:57-------------45.10---------------3526.00 (the day's low)
The upper limit of the 3,500-3,520 support level held. Trading for the rest of the session moved sideways between the 3,530 -3,550 range.
11:14-----------------37.99------------------3533.11
11:16-----------------34.90
11:20----------------28.54
11:23----------------27.34------------------3543.76
11:45----------------32.16
11:53----------------33.45
11:55----------------31.10
11:59----------------27.80
12:01----------------27.28-----------------3543.82 (-0.76%)
Market Close.
In the morning session, the Philippine peso hovered at around PhP 46.54 level to the US Dollar and Asian equities markets were down.
Advancers 37
Decliners 76
Value turnover PhP 4.721 bn
Cross transactions PhP 1.514 bn
Block Sales PhP 881 mn
Sectoral Indices were down across-the-board.
M-O -2.81%
Property -2.53%
Holdings -0.62%
Services -0.26%
Industrial -0.24%
Financial -0.13%
Closing prices of select stocks - June 13, 2007
ABA - PhP 0.013
ALI - PhP 16.50
AR - PhP 0.015
DGTL - PhP 1.52
EIB - PhP 0.53
LOTO - PhP 15.75
MPI - PhP 4.15
NRCP - PhP 4.20
SUN - PhP 0.78
V - PhP 1.66
WEB - PhP 0.0525
...................."Coming off previous big losses, the rally was expected after the market took a breather last week".........
The Philippine Star and The Philippine Daily Inquirer - June 13, 2007
The Dow Jones Industrial Average fell hard overnight as it lost 129.95 points to close at 13,295.01. A big decline in WallStreet is hard to ignore and local investors immediately turn cautious. Momentum from yesterday's strong rally was effectively nipped at the bud and a correction unfolded.
PSEi previous close - 3571.10 (June 12,2007)
time---------------down----------------PSEi
9:31--------------22.08---------------3549.02
The PSEi immediately broke the minor support at 3550. The market then continued to drop for most of the trading day though there was no overwhelming panic selling.
9:33--------------23.94
9:37--------------25.38
9:42--------------26.30
9:51--------------28.48
9:54--------------29.18
9:55--------------30.12
10:06-------------33.33
10:27-------------34.28
10:30-------------39.85
10:34-------------40.35
10:49-------------42.91
10:55-------------44.87
10:57-------------45.10---------------3526.00 (the day's low)
The upper limit of the 3,500-3,520 support level held. Trading for the rest of the session moved sideways between the 3,530 -3,550 range.
11:14-----------------37.99------------------3533.11
11:16-----------------34.90
11:20----------------28.54
11:23----------------27.34------------------3543.76
11:45----------------32.16
11:53----------------33.45
11:55----------------31.10
11:59----------------27.80
12:01----------------27.28-----------------3543.82 (-0.76%)
Market Close.
In the morning session, the Philippine peso hovered at around PhP 46.54 level to the US Dollar and Asian equities markets were down.
Advancers 37
Decliners 76
Value turnover PhP 4.721 bn
Cross transactions PhP 1.514 bn
Block Sales PhP 881 mn
Sectoral Indices were down across-the-board.
M-O -2.81%
Property -2.53%
Holdings -0.62%
Services -0.26%
Industrial -0.24%
Financial -0.13%
Closing prices of select stocks - June 13, 2007
ABA - PhP 0.013
ALI - PhP 16.50
AR - PhP 0.015
DGTL - PhP 1.52
EIB - PhP 0.53
LOTO - PhP 15.75
MPI - PhP 4.15
NRCP - PhP 4.20
SUN - PhP 0.78
V - PhP 1.66
WEB - PhP 0.0525
Tuesday, June 12, 2007
The day's market - June 12, 2007
109th Anniversary of the Philippine Independence Day
The DJIA was flat overnight. It closed slightly up by 0.57 points to close at 13,424.96. Last Friday's strong rebound rubbed on the local equities market. The Philippine stock market jumped from the opening bell.
PSEi previous close - 3526.73 (June 8, 2007)
time---------------up--------------PSEi
9:31---------------22.15
The opening wave of buying brought up the market immediately.
9:32---------------23.07
9:34---------------26.13
9:36---------------27.11
9:37---------------29.03
9:38---------------38.25----------3564.98
A slight pullback.
9:39---------------29.13
9:43---------------28.39
9:52---------------27.79----------3554.52
The next upward movement brings the market higher.
9:56---------------32.34
9:58---------------35.10
10:01--------------40.28
10:02--------------42.68
10:03--------------44.85
10:04--------------45.23---------3571.96
Another minor correction.
10:05--------------39.53
10:14--------------37.06
The third wave brings the PSEi to the its high.
10:15--------------44.88----------3571.61
10:22--------------45.80
10:23--------------46.30
10:24--------------48.62
10:25--------------49.79
10:26--------------50.95
10:27--------------53.56
10:34--------------53.60
10:37--------------57.19
10:38--------------57.90
10:39--------------58.38----------3585.11 ( the day's high)
The final hour of trading had the market move in a narrower range between the 3,570 -3,580 level.
10:53--------------53.65----------3580.41
10:54--------------52.52
10:57--------------50.58
10:58--------------48.93
11:15---------------49.54
11:17---------------47.80
11:18---------------45.86---------3572.59
11:20---------------49.02
11:25---------------50.35
11:28---------------52.09---------3578.82
11:32---------------47.63
11:34---------------46.92
11:53---------------44.21
11:57---------------41.29----------3568.02
12:01---------------44.37----------3571.10 (+1.26%)
Market Close.
Advancers 72
Decliners 38
Value turnover PhP 5.277 bn
Cross transactions PhP 1.669 bn
Sectoral Indices
Property +1.84%
Financial +1.70%
Services +1.68%
Industrials +0.34%
Holdings -0.32%
M-O -0.19%
Considering the market kept most of the day's gains, momentum would most likely test the 3,580-3,600 resistance (if the US markets continue to hold their ground tonight). A consolidation may ensue if the resistance is not breached. Support remains at the 3,500-3,520 levels.
Investors and punters continue to turn their attention to the second- and third-liner stocks as trading in these lesser known issues remain brisk.
The day's top gainers:
1) BKD - PhP 0.93 +50.00%
2) AAA - PhP 0.50 +50.00%
3) ZIP - PhP 3.10 +32.48%
4) ZHI - PhP 0.56 +24.44%
5) WIN - PhP 0.36 +20.00%
6) PA - PhP 0.033 +17.86%
7) PO - PhP 4.90 +17.86%
8) ARA - PhP 0.68 +15.25%
9) PHES - PhP 0.47 +11.90%
10) AMC - PhP 5.80 +11.54%
11) MVC - PhP 1.20 +9.09%
12) MED - PhP 0.64 +8.47%
13) IRC - PhP 0.014 +7.69%
14) APC - PhP 1.12 +7.69%
15) IMP - PhP 0.042 +7.69%
16) SFI - PhP 0.42 +7.69%
17) SPM - PhP 1.98 +7.61%
18) DIZ - PhP 4.70 +6.82%
19) AR - PhP 0.016 +6.67%
20) ACR - PhP 0.98 +6.52%
Closing prices of select stocks - June 12, 2007
ABA - PhP 0.013
AR - PhP 0.016
ALI - PhP 17.00
DGTL - PhP 1.52
EIB - PhP 0.54
LOTO - PhP 16.00
MPI - PhP 4.10
NRCP - PhP 4.30
SUN - PhP 0.78
V - PhP 1.68
WEB - PhP 0.0525
The DJIA was flat overnight. It closed slightly up by 0.57 points to close at 13,424.96. Last Friday's strong rebound rubbed on the local equities market. The Philippine stock market jumped from the opening bell.
PSEi previous close - 3526.73 (June 8, 2007)
time---------------up--------------PSEi
9:31---------------22.15
The opening wave of buying brought up the market immediately.
9:32---------------23.07
9:34---------------26.13
9:36---------------27.11
9:37---------------29.03
9:38---------------38.25----------3564.98
A slight pullback.
9:39---------------29.13
9:43---------------28.39
9:52---------------27.79----------3554.52
The next upward movement brings the market higher.
9:56---------------32.34
9:58---------------35.10
10:01--------------40.28
10:02--------------42.68
10:03--------------44.85
10:04--------------45.23---------3571.96
Another minor correction.
10:05--------------39.53
10:14--------------37.06
The third wave brings the PSEi to the its high.
10:15--------------44.88----------3571.61
10:22--------------45.80
10:23--------------46.30
10:24--------------48.62
10:25--------------49.79
10:26--------------50.95
10:27--------------53.56
10:34--------------53.60
10:37--------------57.19
10:38--------------57.90
10:39--------------58.38----------3585.11 ( the day's high)
The final hour of trading had the market move in a narrower range between the 3,570 -3,580 level.
10:53--------------53.65----------3580.41
10:54--------------52.52
10:57--------------50.58
10:58--------------48.93
11:15---------------49.54
11:17---------------47.80
11:18---------------45.86---------3572.59
11:20---------------49.02
11:25---------------50.35
11:28---------------52.09---------3578.82
11:32---------------47.63
11:34---------------46.92
11:53---------------44.21
11:57---------------41.29----------3568.02
12:01---------------44.37----------3571.10 (+1.26%)
Market Close.
Advancers 72
Decliners 38
Value turnover PhP 5.277 bn
Cross transactions PhP 1.669 bn
Sectoral Indices
Property +1.84%
Financial +1.70%
Services +1.68%
Industrials +0.34%
Holdings -0.32%
M-O -0.19%
Considering the market kept most of the day's gains, momentum would most likely test the 3,580-3,600 resistance (if the US markets continue to hold their ground tonight). A consolidation may ensue if the resistance is not breached. Support remains at the 3,500-3,520 levels.
Investors and punters continue to turn their attention to the second- and third-liner stocks as trading in these lesser known issues remain brisk.
The day's top gainers:
1) BKD - PhP 0.93 +50.00%
2) AAA - PhP 0.50 +50.00%
3) ZIP - PhP 3.10 +32.48%
4) ZHI - PhP 0.56 +24.44%
5) WIN - PhP 0.36 +20.00%
6) PA - PhP 0.033 +17.86%
7) PO - PhP 4.90 +17.86%
8) ARA - PhP 0.68 +15.25%
9) PHES - PhP 0.47 +11.90%
10) AMC - PhP 5.80 +11.54%
11) MVC - PhP 1.20 +9.09%
12) MED - PhP 0.64 +8.47%
13) IRC - PhP 0.014 +7.69%
14) APC - PhP 1.12 +7.69%
15) IMP - PhP 0.042 +7.69%
16) SFI - PhP 0.42 +7.69%
17) SPM - PhP 1.98 +7.61%
18) DIZ - PhP 4.70 +6.82%
19) AR - PhP 0.016 +6.67%
20) ACR - PhP 0.98 +6.52%
Closing prices of select stocks - June 12, 2007
ABA - PhP 0.013
AR - PhP 0.016
ALI - PhP 17.00
DGTL - PhP 1.52
EIB - PhP 0.54
LOTO - PhP 16.00
MPI - PhP 4.10
NRCP - PhP 4.30
SUN - PhP 0.78
V - PhP 1.68
WEB - PhP 0.0525
Saturday, June 9, 2007
Stock Market Matters - June 9, 2007
The DJIA recovered and rose by 157.66 points on Friday to end at 13424.39.
Net Inflows of Foreign Direct Investment (FDI) to the Philippines in the first quarter was up by 18.5% to $710 mn from $ 599 in the same period last year.
Net Inflows of Foreign Direct Investment (FDI) to the Philippines in the first quarter was up by 18.5% to $710 mn from $ 599 in the same period last year.
Friday, June 8, 2007
The Philippine stock market limits losses despite the nearly 200 point drop in WallStreet - June 08, 2007
The DJIA fell 198.94 points to close at 13266.73 while the tech laden Nasdaq declined by 45.80 points to end at 2541.38
PLDT ADRs were down by $1.21.
Gold prices were down nearly $10 an ounce
Asian stock markets were also down in early trading
PSEi previous close - 3528.79 (June 07, 2007)
time----------------change-------------------PSEi
9:31----------down 21.75
9:32----------------25.17------------------3503.69
The 3,500 support was immediately tested. When it broke, the market went into a freefall.
9:33---------down 36.67
9:34---------------40.15
9:35---------------53.63
9:36---------------58.95
9:37---------------59.66-------------------3469.13
The peso was again weaker and was at PhP 46.48 vs $ 1.00
9:38---------------56.06
9:39---------------55.85
9:40---------------59.04
9:41---------------59.94-------------------3468.85 (day's low)
After this initial panic subsided, investors began buying up bargains.
9:42---------------54.76------------------3474.03
9:43---------------52.29
9:53---------------51.07
9:56---------------50.54
9:58---------------44.72------------------3484.07
Sensing that selling pressure has abated, investors began to regain confidence and the market continued to recover from its losses.
10:01--------------36.49------------------3492.30
10:02--------------35.99
10:09--------------29.96
10:11--------------29.37
10:19--------------28.49------------------3500.30
The market hurdled and stayed above the 3500 level.
10:21--------------27.37-------------------3501.47
10:22--------------26.72
10:23--------------22.42
10:30--------------22.24
10:34--------------17.76
10:44--------------15.29
10:49--------------13.43
11:00--------------11.96
The peso at this point somehow strengthened to PhP 46.345 to $ 1.00
11:16--------------10.93
11:18---------------7.63--------------------3521.16
The Philippine Stock Exchange Index (PSEi) showed its resilience as it goes above the 3,520 level.
11:21-----------down 2.34------------------3526.45
The market even had the strength to go higher than its previous close.
11:22------------up 3.08
11:27---------------3.50---------------------3532.29 (day's high)
The index now just consolidated above the 3,520 level the rest of the trading day.
11:28------------up 0.45
11:32---------down 2.56
11:37----------------1.75
11:38------------up 0.28
11:41---------down 5.87
11:43---------------3.85
11:45---------------0.99
11:51---------------6.48
11:53---------------1.21
11:54---------------5.77
11:56---------------8.66----------------------3520.13
11:58---------------6.00
11:59---------------2.53
12:01---------------2.06----------------------3526.73 (-0.06%)
Market Close.
Advancers 57
Decliners 56
Value turnover PhP 5.005 bn
Cross transactions PhP 1.600 bn
Sector indices
Services +1.16%
Holdings +0.15%
Financials -0.29%
M-O -0.39%
Property -0.84%
Industrial -1.35%
The local equities market showed its underlying strength as it recovered from a big loss early in the trading day. The second and thirdliner stocks continue to provide investors opportunities despite the past day's correction/consolidation. The day's gainers even managed to outnumber the decliners. The PSEI managed to stay above the 3,500-3,520 support.
The US DJIA is now down by around 400 points in the last three trading days. The local market will be closed on Monday as the June 12, Philippine Independence Day Holiday was moved to June 11.
Closing prices of select stocks - June 08, 2007
ABA - PhP 0.013
ALI - PhP 16.75
AR - PhP 0.015
DGTL - PhP 1.52
EIB - PhP 0.53
LOTO - PhP 16.25
MPI - PhP 4.10
NRCP - PhP 4.30
SUN - PhP 0.78
V - PhP 1.64
WEB - PhP 0.0525
*From the news papers.
The Gross International Reserves (GIRs) of the Philippines; went up by $700 mn to $25.8 bn at the end of May 2007. It is now only $200 mn short of the full year GIR goal for 2007 of $26 bn.
PLDT ADRs were down by $1.21.
Gold prices were down nearly $10 an ounce
Asian stock markets were also down in early trading
PSEi previous close - 3528.79 (June 07, 2007)
time----------------change-------------------PSEi
9:31----------down 21.75
9:32----------------25.17------------------3503.69
The 3,500 support was immediately tested. When it broke, the market went into a freefall.
9:33---------down 36.67
9:34---------------40.15
9:35---------------53.63
9:36---------------58.95
9:37---------------59.66-------------------3469.13
The peso was again weaker and was at PhP 46.48 vs $ 1.00
9:38---------------56.06
9:39---------------55.85
9:40---------------59.04
9:41---------------59.94-------------------3468.85 (day's low)
After this initial panic subsided, investors began buying up bargains.
9:42---------------54.76------------------3474.03
9:43---------------52.29
9:53---------------51.07
9:56---------------50.54
9:58---------------44.72------------------3484.07
Sensing that selling pressure has abated, investors began to regain confidence and the market continued to recover from its losses.
10:01--------------36.49------------------3492.30
10:02--------------35.99
10:09--------------29.96
10:11--------------29.37
10:19--------------28.49------------------3500.30
The market hurdled and stayed above the 3500 level.
10:21--------------27.37-------------------3501.47
10:22--------------26.72
10:23--------------22.42
10:30--------------22.24
10:34--------------17.76
10:44--------------15.29
10:49--------------13.43
11:00--------------11.96
The peso at this point somehow strengthened to PhP 46.345 to $ 1.00
11:16--------------10.93
11:18---------------7.63--------------------3521.16
The Philippine Stock Exchange Index (PSEi) showed its resilience as it goes above the 3,520 level.
11:21-----------down 2.34------------------3526.45
The market even had the strength to go higher than its previous close.
11:22------------up 3.08
11:27---------------3.50---------------------3532.29 (day's high)
The index now just consolidated above the 3,520 level the rest of the trading day.
11:28------------up 0.45
11:32---------down 2.56
11:37----------------1.75
11:38------------up 0.28
11:41---------down 5.87
11:43---------------3.85
11:45---------------0.99
11:51---------------6.48
11:53---------------1.21
11:54---------------5.77
11:56---------------8.66----------------------3520.13
11:58---------------6.00
11:59---------------2.53
12:01---------------2.06----------------------3526.73 (-0.06%)
Market Close.
Advancers 57
Decliners 56
Value turnover PhP 5.005 bn
Cross transactions PhP 1.600 bn
Sector indices
Services +1.16%
Holdings +0.15%
Financials -0.29%
M-O -0.39%
Property -0.84%
Industrial -1.35%
The local equities market showed its underlying strength as it recovered from a big loss early in the trading day. The second and thirdliner stocks continue to provide investors opportunities despite the past day's correction/consolidation. The day's gainers even managed to outnumber the decliners. The PSEI managed to stay above the 3,500-3,520 support.
The US DJIA is now down by around 400 points in the last three trading days. The local market will be closed on Monday as the June 12, Philippine Independence Day Holiday was moved to June 11.
Closing prices of select stocks - June 08, 2007
ABA - PhP 0.013
ALI - PhP 16.75
AR - PhP 0.015
DGTL - PhP 1.52
EIB - PhP 0.53
LOTO - PhP 16.25
MPI - PhP 4.10
NRCP - PhP 4.30
SUN - PhP 0.78
V - PhP 1.64
WEB - PhP 0.0525
*From the news papers.
The Gross International Reserves (GIRs) of the Philippines; went up by $700 mn to $25.8 bn at the end of May 2007. It is now only $200 mn short of the full year GIR goal for 2007 of $26 bn.
Thursday, June 7, 2007
The day's market - June 07, 2007
The DJIA fell by 129.79 points to end at 13,465.76. PLDT ADRs were also down by $1.20. The Philippine peso also continud to weaken and traded near the PhP 46.184 to $1.00 level in the morning trade.
The Philippine stock market continued its correction from yesterday and took its cue from the decline in WallStreet as it looked for a strong support base.
PSEi previous close 3570.47 (June 06, 2007)
time----------------down-------------------PSEi
9:31----------------15.06
9:34----------------16.36
9:35----------------20.15-----------------3550.32
The market failed to find a support at the 3,550 level and the decline accelerated.
9:36----------------26.29
9:37----------------27.94
9:38----------------28.32
9:39----------------29.51
9:40----------------32.58
9:42----------------33.36-----------------3537.11
PLDT traded at PhP2,550 from its opening trade of PhP2,590 (and a previous close of PhP 2,595).
9:43----------------52.40-----------------3518.07
9:44----------------56.99
9:46----------------57.37
9:49----------------58.31
9:57----------------59.65
9:58----------------64.59
9:59----------------66.50-----------------3503.97 (day's low)
A minor recovery ensued in the next hour of trading.
10:03--------------59.64
10:06--------------57.88
10:25--------------56.17
10:28--------------49.45-----------------3521.02
10:30--------------48.30
10:32--------------47.02
10:39--------------46.38
10:40--------------41.57
10:41--------------39.49-----------------3530.98
10:47--------------37.84
10:49--------------35.32
10:51--------------32.19-----------------3538.28
Losses were cut by half by this point. Trading went sideways for the rest of the trading session.
11:04--------------38.80-----------------3531.67
11:28--------------32.54-----------------3537.93
11:59--------------40.63-----------------3529.84
12:01--------------41.68-----------------3528.79 (-1.17%)
Market Close.
Advancers 51
Decliners 65
Value turnover PhP 5.676 bn
Cross transactions PhP 2.533 bn
Sectoral Indices fell acros--the-board.
Property -2.13%
Holdings -1.55%
Services -1.39%
Industrial -0.18%
M-O -0.06%
Financial -0.05%
With the PSEi and index issues falling, trading in the second and thirdliners stocks continue to be brisk as investors turned their attention to the smaller cap issues. Support currently stands at the 3,500-3,520 levels and initial resistance at the 3,550-3,570 levels.
Closing prices of select stocks - June 07, 2007
ABA - PhP 0.012
ALI - PhP 16.75
AR - PhP 0.014
DGTL - PhP 1.54
EIB - PhP 0.52
LOTO - PhP 16.25
MPI - PhP 4.20
NRCP - PhP 4.15
SUN - PhP O.77
V - PhP 1.68
WEB - PhP 0.0525
The Philippine stock market continued its correction from yesterday and took its cue from the decline in WallStreet as it looked for a strong support base.
PSEi previous close 3570.47 (June 06, 2007)
time----------------down-------------------PSEi
9:31----------------15.06
9:34----------------16.36
9:35----------------20.15-----------------3550.32
The market failed to find a support at the 3,550 level and the decline accelerated.
9:36----------------26.29
9:37----------------27.94
9:38----------------28.32
9:39----------------29.51
9:40----------------32.58
9:42----------------33.36-----------------3537.11
PLDT traded at PhP2,550 from its opening trade of PhP2,590 (and a previous close of PhP 2,595).
9:43----------------52.40-----------------3518.07
9:44----------------56.99
9:46----------------57.37
9:49----------------58.31
9:57----------------59.65
9:58----------------64.59
9:59----------------66.50-----------------3503.97 (day's low)
A minor recovery ensued in the next hour of trading.
10:03--------------59.64
10:06--------------57.88
10:25--------------56.17
10:28--------------49.45-----------------3521.02
10:30--------------48.30
10:32--------------47.02
10:39--------------46.38
10:40--------------41.57
10:41--------------39.49-----------------3530.98
10:47--------------37.84
10:49--------------35.32
10:51--------------32.19-----------------3538.28
Losses were cut by half by this point. Trading went sideways for the rest of the trading session.
11:04--------------38.80-----------------3531.67
11:28--------------32.54-----------------3537.93
11:59--------------40.63-----------------3529.84
12:01--------------41.68-----------------3528.79 (-1.17%)
Market Close.
Advancers 51
Decliners 65
Value turnover PhP 5.676 bn
Cross transactions PhP 2.533 bn
Sectoral Indices fell acros--the-board.
Property -2.13%
Holdings -1.55%
Services -1.39%
Industrial -0.18%
M-O -0.06%
Financial -0.05%
With the PSEi and index issues falling, trading in the second and thirdliners stocks continue to be brisk as investors turned their attention to the smaller cap issues. Support currently stands at the 3,500-3,520 levels and initial resistance at the 3,550-3,570 levels.
Closing prices of select stocks - June 07, 2007
ABA - PhP 0.012
ALI - PhP 16.75
AR - PhP 0.014
DGTL - PhP 1.54
EIB - PhP 0.52
LOTO - PhP 16.25
MPI - PhP 4.20
NRCP - PhP 4.15
SUN - PhP O.77
V - PhP 1.68
WEB - PhP 0.0525
Wednesday, June 6, 2007
The day's market - June 06, 2007
Interview on the market performance and outlook
The Philippine Star Business pages - June 06, 2007
The DJIA closed lower by 80.86 points to close at 13595.46. The decline although nearly a hundred points was just about 0.59%.
Inflation for the month of May was at 2.4%
PSEi previous close 3608.14 (June 05, 2007)
time--------------change-------------------PSEi
9:30----------down 1.07
9:32-----------------o.14
9:33-------------up 0.32----------------3608.46 (day's high)
9:34----------down 2.73
9:48----------------0.65
The market tried to consolidate above the 3600 level, and trading drifted sideways in the early going. However, sudden drop below the 3600 support level set the tone for the continuation of the market correction from yesterday.
9:58---------down 10.26---------------3597.88
10:00--------------12.05
10:41---------------20.95
10:44---------------25.18
10:46---------------30.52--------------3577.62
10:48---------------26.23--------------3581.91
The market tries to find a support at the 3,580 level. This however soon fails and the retreat accelerated.
11:02---------down 30.51
11:08---------------31.10
11:10---------------33.15
11:13---------------35.58
11:14---------------36.17
11:16---------------40.46
11:37---------------42.82--------------3565.32 (the day's low)
The market is currently looking for a base to settle.
11:42-------------38.24
11:52-------------41.18
11:59-------------35.25
12:01-------------37.67----------------3570.47 (-1.04%)
Market Close.
Advancers 53
Decliners 68
Value turnover PhP 4.656 bn
Cross transactions PhP 1.929 bn
Sectoral Indices
M-O +1.34%
Financial -0.44%
Property -0.58%
Industrial -0.83%
Services -0.87%
Holdings -1.97%
Closing prices of select stocks - June 06, 2007
ABA - PhP 0.013
ALI - PhP 17.25
AR - PhP 0.014
DGTL - PhP 1.54
EIB - PhP 0.53
LOTO - PhP 16.75
MPI - PhP 4.40
NRCP - PhP 4.25
SUN - PhP 0.77
V - PhP 1.70
WEB - PhP 0.0525
Tuesday, June 5, 2007
The Philippine Stock Market consolidates at the 3,600 level - June 05, 2007
The Dow Jones Industrial Average closed up by 8.21 points to close at 13676.32. This is despite the fact that the China stock market again fell by around 8% yesterday.
This was however enough for the strong upward market momentum to be halted.
PSEi previous close - 3622.94 (June 04, 2007)
time------------------down------------------PSEi
9:31-------------------8.57
9:39------------------12.64
9:41------------------14.01
9:42------------------16.07
9:43------------------20.87
9:49------------------23.70----------------3599.77
The initial support at the 3600 level was immediately tested but it briefly held.
9:53-------------------17.53
10:08------------------15.41
10:10------------------26.17--------------3596.77
The 3600 failed to hold at this time and the market moved lower
10:12------------------27.81
10:16------------------28.16
10:32------------------28.92-------------3594.02 (the day's low)
10:40------------------22.16-------------3600.78
After the PSEi touched it's day's low, it soon bounced back to the 3,600 level and consolidated in the next 30 minutes.
10:51------------------22.83---------------3600.99
11:03------------------21.95
11:04------------------24.36---------------3598.58
11:07------------------22.72
11:08------------------20.36---------------3602.58
After breaking above the 3600 level, the market stayed above and tried to build a base.
11:09-----------------19.37
11:13-----------------18.96
11:16-----------------17.32
11:20-----------------16.70
11:22-----------------14.68
11:23-----------------14.44-----------------3608.50
The market drifted sideways above the 3600 level the rest of the trading day.
11:28-----------------16.23
11:35-----------------14.62
11:38-----------------18.91
11:40-----------------19.79------------------3603.15
11:45-----------------17.11
11:47-----------------14.45
11:50-----------------13.73
11:52-----------------12.54
11:56-----------------11.99
11:57-----------------11.79------------------3611.15
11:59-----------------13.45
12:01-----------------14.80-----------------3608.14 (-0.41%)
Market Close.
Advancers 53
Decliners 62
Value turnover PhP 5.040 bn
Cross transactions PhP 2.153 bn
Sectoral Indices
M-O +0.29%
Holdings +0.13%
Industrial 0.0%
Services -0.19%
Property -1.06%
Financial -1.07%
Closing prices of select stocks (June 04, 2007)
ABA - PhP 0.013
ALI - PhP 17.25
AR - PhP 0.014
DGTL - PhP 1.56
EIB - PhP 0.54
LOTO - PhP 16.50
MPI - PhP 4.50
NRCP - PhP 4.30
SUN - PhP 0.77
V - PhP 1.70
WEB - PhP 0.0525
The Peso was at the PhP 45.69 level in the morning trade.
This was however enough for the strong upward market momentum to be halted.
PSEi previous close - 3622.94 (June 04, 2007)
time------------------down------------------PSEi
9:31-------------------8.57
9:39------------------12.64
9:41------------------14.01
9:42------------------16.07
9:43------------------20.87
9:49------------------23.70----------------3599.77
The initial support at the 3600 level was immediately tested but it briefly held.
9:53-------------------17.53
10:08------------------15.41
10:10------------------26.17--------------3596.77
The 3600 failed to hold at this time and the market moved lower
10:12------------------27.81
10:16------------------28.16
10:32------------------28.92-------------3594.02 (the day's low)
10:40------------------22.16-------------3600.78
After the PSEi touched it's day's low, it soon bounced back to the 3,600 level and consolidated in the next 30 minutes.
10:51------------------22.83---------------3600.99
11:03------------------21.95
11:04------------------24.36---------------3598.58
11:07------------------22.72
11:08------------------20.36---------------3602.58
After breaking above the 3600 level, the market stayed above and tried to build a base.
11:09-----------------19.37
11:13-----------------18.96
11:16-----------------17.32
11:20-----------------16.70
11:22-----------------14.68
11:23-----------------14.44-----------------3608.50
The market drifted sideways above the 3600 level the rest of the trading day.
11:28-----------------16.23
11:35-----------------14.62
11:38-----------------18.91
11:40-----------------19.79------------------3603.15
11:45-----------------17.11
11:47-----------------14.45
11:50-----------------13.73
11:52-----------------12.54
11:56-----------------11.99
11:57-----------------11.79------------------3611.15
11:59-----------------13.45
12:01-----------------14.80-----------------3608.14 (-0.41%)
Market Close.
Advancers 53
Decliners 62
Value turnover PhP 5.040 bn
Cross transactions PhP 2.153 bn
Sectoral Indices
M-O +0.29%
Holdings +0.13%
Industrial 0.0%
Services -0.19%
Property -1.06%
Financial -1.07%
Closing prices of select stocks (June 04, 2007)
ABA - PhP 0.013
ALI - PhP 17.25
AR - PhP 0.014
DGTL - PhP 1.56
EIB - PhP 0.54
LOTO - PhP 16.50
MPI - PhP 4.50
NRCP - PhP 4.30
SUN - PhP 0.77
V - PhP 1.70
WEB - PhP 0.0525
The Peso was at the PhP 45.69 level in the morning trade.
Monday, June 4, 2007
The BULLS continue to rampage in the Philippine Stock Market - June 04, 2007
The DJIA advancd higher by 40.47 points on Friday to end at 13668.11.
PLDT ADRs were also up by $1.54 to close at $57.85. Converting at about PhP46.oo vs $1.00 - this comes out to PhP 2660. On Friday, PLDT last traded at PhP 2575.
Moody's also upgraded PLDTs rating to Baa2 from Baa3 with a stable outlook.
With the stage set, PLDT opened at PhP 2600 and lifted the market to new highs once again.
PSEi previous close - 3547.35 ( June 01, 2007)
time--------------up--------------------PSEi
9:31-------------15.22
9:36-------------25.59
9:40-------------30.89
9:45-------------36.83
9:49-------------53.32--------------------3600.67
In twenty minutes, the market zoomed straight up and the PSEi was already knocking at the 3,600 level. The peso traded at PhP 45.787 vs $1.00.
There were slight pullbacks but the local equities market continued to show its strength and marched on.
9:58-------------53.34
10:03------------55.87
10:10------------60.16
10:15------------65.39
10:30------------70.02
10:39------------70.85--------------------3618.20
A minor correction ensued.
10:43-------------66.47
10:46-------------64.34
10:48-------------63.42
10:49-------------61.96
10:52-------------64.45
10:58-------------61.61
11:04-------------61.40
11:07-------------60.63--------------------3607.98
After a half hour of consolidation, the market continued its rampage
11:13-------------68.87
11:18-------------71.40
11:21-------------72.91---------------------3620.26
11:38-------------73.10
11:40-------------75.55
11:50-------------77.14
11:51-------------79.90
11:54-------------80.12
11:55-------------82.47----------------------3629.82 (the day's high)
The market reached another all-time high five minutes before the close of trading.
11:56-------------76.61
11:57-------------74.60
11:58-------------72.87
11:59-------------70.76
12:01-------------75.59-----------------------3622.94 (+2.13%)
Market Close.
Advancers 68
Decliners 49
Value turnover PhP 6.487 bn
Cross transactions Php 2.284 bn
Sectoral Indices
Property +3.99%
Holdings +2.50%
Services +1.88%
Financials +0.82%
Industrial +0.17%
M-O -0.19%
The market conitunues its romp in uncharted territories and investor sentiment keeps it buoyant. Market mommentum has extended the rally. But in the last three day's alone, the market has risen by more than 220 points (or around 6.50%). A much needed breather is needed and this leg of the run up may be nearing an exhaustion. A near term correction or consolidation may be expected.
Closing prices of select stocks - June 04, 2007
ABA - PhP 0.013
ALI - PhP 17.50
AR - PhP 0.014
DGTL - PhP 1.58
EIB - PhP 0.55
LOTO - PhP 16.50
MPI - PhP 4.50
NRCP - PhP 4.40
SUN - PhP 0.71
V - PhP 1.74
WEB - PhP 0.0525
PLDT ADRs were also up by $1.54 to close at $57.85. Converting at about PhP46.oo vs $1.00 - this comes out to PhP 2660. On Friday, PLDT last traded at PhP 2575.
Moody's also upgraded PLDTs rating to Baa2 from Baa3 with a stable outlook.
With the stage set, PLDT opened at PhP 2600 and lifted the market to new highs once again.
PSEi previous close - 3547.35 ( June 01, 2007)
time--------------up--------------------PSEi
9:31-------------15.22
9:36-------------25.59
9:40-------------30.89
9:45-------------36.83
9:49-------------53.32--------------------3600.67
In twenty minutes, the market zoomed straight up and the PSEi was already knocking at the 3,600 level. The peso traded at PhP 45.787 vs $1.00.
There were slight pullbacks but the local equities market continued to show its strength and marched on.
9:58-------------53.34
10:03------------55.87
10:10------------60.16
10:15------------65.39
10:30------------70.02
10:39------------70.85--------------------3618.20
A minor correction ensued.
10:43-------------66.47
10:46-------------64.34
10:48-------------63.42
10:49-------------61.96
10:52-------------64.45
10:58-------------61.61
11:04-------------61.40
11:07-------------60.63--------------------3607.98
After a half hour of consolidation, the market continued its rampage
11:13-------------68.87
11:18-------------71.40
11:21-------------72.91---------------------3620.26
11:38-------------73.10
11:40-------------75.55
11:50-------------77.14
11:51-------------79.90
11:54-------------80.12
11:55-------------82.47----------------------3629.82 (the day's high)
The market reached another all-time high five minutes before the close of trading.
11:56-------------76.61
11:57-------------74.60
11:58-------------72.87
11:59-------------70.76
12:01-------------75.59-----------------------3622.94 (+2.13%)
Market Close.
Advancers 68
Decliners 49
Value turnover PhP 6.487 bn
Cross transactions Php 2.284 bn
Sectoral Indices
Property +3.99%
Holdings +2.50%
Services +1.88%
Financials +0.82%
Industrial +0.17%
M-O -0.19%
The market conitunues its romp in uncharted territories and investor sentiment keeps it buoyant. Market mommentum has extended the rally. But in the last three day's alone, the market has risen by more than 220 points (or around 6.50%). A much needed breather is needed and this leg of the run up may be nearing an exhaustion. A near term correction or consolidation may be expected.
Closing prices of select stocks - June 04, 2007
ABA - PhP 0.013
ALI - PhP 17.50
AR - PhP 0.014
DGTL - PhP 1.58
EIB - PhP 0.55
LOTO - PhP 16.50
MPI - PhP 4.50
NRCP - PhP 4.40
SUN - PhP 0.71
V - PhP 1.74
WEB - PhP 0.0525
Friday, June 1, 2007
The Philippine Stock Market soars to a new record - June 01, 2007
Interview regarding market performance and outlook
BusinessWorld - June1-2, 2007
The first quarter GDP growth posted was the best level in nearly two decades. With the DJIA holding firm overnight (+5.44 points); investors once again flocked to the local equities market.
PSEi previous close 3474.67 - May 31, 2007
time----------------up------------------PSEI
9:31--------------15.57
9:32--------------19.70
9:33--------------23.33
9:34--------------25.73----------------3500.40
In just five minutes, the key 3,500 level was shattered.
9:35--------------27.34
9:36--------------36.17
9:46--------------37.20
9:49--------------43.43----------------3518.10
After 15 more minutes, the all-time high level was eclipsed. Market continued its roll.
9:53--------------47.32
9:55--------------50.82
10:11-------------59.21
10:16-------------71.79
10:36-------------72.33-----------------3547.00
After an hour, the market rests a little bit.
10:45------------67.60
10:47------------64.75
10:59------------63.65
11:03------------69.31
11:04------------70.25
11:06------------65.02
11:08------------72.93------------------3457.60
When a new high was established, the market still pushes higher
11:10-------------74.09
11:18-------------76.83
11:19-------------81.12
11:20-------------81.83
11:27-------------82.37
11:29-------------82.81-----------------3557.48 (the day's high)
The market drifted the last half hour of trading but kept ost of its gains.
11:32-------------73.46
11:37-------------78.36
11:43-------------76.93
11:49-------------71.69
11:51-------------82.12
11:55-------------80.21
11:56-------------79.50
12:01-------------72.68------------------3547.35 (+2.09%)
Market Close.
The Philippine equities market is once again at all-time high levels. Sentiment has been bullish and there are no chart resistances.
But at this point, the market has gone up by around 150 points in just the past two days. With today's jump, a chart price gap has been left opened at the 3474-3490 levels.
Advancers 90
Decliners 25
Value turnover PhP 6.464 bn
Cross transactions PhP 1.806 bn
Block Sales PhP 176 mn
Sector indices were again UP across-the-board
Property +4.75%
Industrial +2.38%
Holdings +2.36%
M-O +2.10%
Services +1.11%
Financial +0.37%
Closing prices of select stocks - June 01, 2007
ABA - PhP 0.013
ALI - PhP 16.75
AR - PhP 0.013
DGTL - PhP 1.58
EIB - PhP 0.55
LOTO - PhP 16.75
MPI - Php 4.40
NRCP - PhP 4.40
SUN - PhP 0.70
V - PhP 1.70
WEB - PHP 0.0525
BusinessWorld - June1-2, 2007The first quarter GDP growth posted was the best level in nearly two decades. With the DJIA holding firm overnight (+5.44 points); investors once again flocked to the local equities market.
PSEi previous close 3474.67 - May 31, 2007
time----------------up------------------PSEI
9:31--------------15.57
9:32--------------19.70
9:33--------------23.33
9:34--------------25.73----------------3500.40
In just five minutes, the key 3,500 level was shattered.
9:35--------------27.34
9:36--------------36.17
9:46--------------37.20
9:49--------------43.43----------------3518.10
After 15 more minutes, the all-time high level was eclipsed. Market continued its roll.
9:53--------------47.32
9:55--------------50.82
10:11-------------59.21
10:16-------------71.79
10:36-------------72.33-----------------3547.00
After an hour, the market rests a little bit.
10:45------------67.60
10:47------------64.75
10:59------------63.65
11:03------------69.31
11:04------------70.25
11:06------------65.02
11:08------------72.93------------------3457.60
When a new high was established, the market still pushes higher
11:10-------------74.09
11:18-------------76.83
11:19-------------81.12
11:20-------------81.83
11:27-------------82.37
11:29-------------82.81-----------------3557.48 (the day's high)
The market drifted the last half hour of trading but kept ost of its gains.
11:32-------------73.46
11:37-------------78.36
11:43-------------76.93
11:49-------------71.69
11:51-------------82.12
11:55-------------80.21
11:56-------------79.50
12:01-------------72.68------------------3547.35 (+2.09%)
Market Close.
The Philippine equities market is once again at all-time high levels. Sentiment has been bullish and there are no chart resistances.
But at this point, the market has gone up by around 150 points in just the past two days. With today's jump, a chart price gap has been left opened at the 3474-3490 levels.
Advancers 90
Decliners 25
Value turnover PhP 6.464 bn
Cross transactions PhP 1.806 bn
Block Sales PhP 176 mn
Sector indices were again UP across-the-board
Property +4.75%
Industrial +2.38%
Holdings +2.36%
M-O +2.10%
Services +1.11%
Financial +0.37%
Closing prices of select stocks - June 01, 2007
ABA - PhP 0.013
ALI - PhP 16.75
AR - PhP 0.013
DGTL - PhP 1.58
EIB - PhP 0.55
LOTO - PhP 16.75
MPI - Php 4.40
NRCP - PhP 4.40
SUN - PhP 0.70
V - PhP 1.70
WEB - PHP 0.0525
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