The day's market - July 02, 2007

The market opened generally weak and directionless in the first thirty minutes of trading.

PSEi previous close - 3665.23 (June 29, 2007)

time------------change--------------PSEi
9:31---------down 7.66-------------3657.57
9:34---------------8.11-------------3657.12 (day's low)
9:38---------------0.27
9:40---------------1.87
9:43-----------up 0.57
9:45---------------1.35
9:46---------down 3.41
9:47------------up 0.13
9:55---------down 5.95

The Philippine Stock Exchange index (PSEi) however slowly picked up as index issues turned higher. The second and thirdliner issues were however being sold down.

10:00---------up 6.79
10:10------------7.00
10:15------------9:42
10:16-----------14.47
10:19-----------18.59---------------3683.82

The market hovers at the 3680 level.

10:26--------up 17.77
10:45-----------11.40--------------3676.63
10:48-----------16.09
10:51-----------17.61
11:01-----------16.68
11:04-----------17.31
11:14-----------20.70--------------3685.93

The support at 3680 held today.

11:14--------up 15.13
11:19-----------14.53--------------3679.76

The index closed strong in the last 15 minutes of the trading day.

11:45--------up 20.66
11:49-----------22.97
11:55-----------27.20
11:56-----------29.33
11:58-----------32.32---------------3697.55 (day's high)

11:59-----------30.32
12:01-----------26.45---------------3691.68 (+0.72%)
Market Close.

The PSEi is currently testing the 3,700 level but sentiment is mixed as the sell down in the second and thirdliners showed signs of panic. Some investors seem to be concerned that some issues that experienced recent strong run ups, may be subjected to investigations.

Decliners heavily outnumbered gainers despite the day's gains.

Advancers 31
Decliners 114

Value turnover PhP 4.602 bn
Cross transactions PhP 2.042 bn

Sectoral Indices.
Financial +1.87%
Holdings +1.08%
Property +0.28%
Services -0.04%
Industrial -0.63%
M-O -2.64%

Closing prices os select stocks - June 29, 2007
ABA - PhP 0.012
ALI - PhP 17.00
DGTL - PhP 1.62
EIB - PhP 0.54
GO - PhP 0.28
GOB - PhP 0.30
LOTO - PhP 14.50
MPI - pHp 4.40
NRCP - PhP 4.40
SUN - PhP 0.90
V - PhP 1.80
WEB - PhP 0.0575