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
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1 comment:
Re: “... the Philippine peso hovered at around PhP 46.54 level to the US Dollar ...”
A “Federal Reserve Note” is not a U.S.A. dollar. In 1973, Public Law 93-110 defined the U.S.A. dollar as consisting of 1/42.2222 fine troy ounces of gold.
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