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