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