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