The day's market - July 04, 2007

The Dow Jones Industrial Average (DJIA) was up 41.87 points overnight in WallStreet and closed at 13577.30.
After going up the last four trading days by more than 4% and reaching new all time high levels, the Philippine Stock Market consolidates.


PSEi previous close - 3751.99 (July 03, 2007)

Momentum tried to carry the market higher in the opening minutes of trading.


time-------------change--------------PSEi
9:31-----------up 2.73 --------------3754.72
9:32--------------7.30 --------------3759.29 (the day's high)
9:36--------------4.28
9:38--------------5.26


After failing to reach higher levels (3760 which was yesterday's high, is the current resistance); the market moves into negative territory.


9:44--------down 3.52
9:45--------------6.25
9:52--------------1.81-------------3750.18


The 3750 level support holds for the moment and the market tries to rise again.


9:54----------up 4.79
9:58-------------3.61
10:06-----------0.04--------------3752.03

The upward trend falters and markets moves into a correction mode.

10:10-----down 0.37
10:17-----------3.58
10:24----------11.31
10:29----------14.41---------------3737.58

Market consolidates in a narrow range for the rest of the trading session.

10:37----down 12.98
10:39----------11.51
10:46----------10.60
10:48-----------9.95
10:59-----------8.12---------------3743.87

11:21-----down 15.44
11:35-----------12.69

11:41-----------16.68
11:47-----------15.29

11:52-----------13.37
11:53-----------16.46
11:57-----------17.65
12:01-----------20.33-------------3731.66 (-0.54%)
Market Close.

The market ended at its day's low. It settled at 3730, which was the previous all time high.

Advancers 80
Decliners 42

Value turnover PhP 4.372 bn
Cross transactions pHp 1.753 bn

Sectoral Indices.
Holdings +1.48%
M-O +1.42%
Services -0.28%
Property -0.68%
Financial -0.94%
Industrial -1.46%


Closing prices of select stocks - July 04, 2007
ABA - PhP 0.012
ALI - PhP 17.75
DGTL - PhP 1.60
EIB - PhP 0.56
GO - PhP 0.34
GOB - PhP 0.34
LOTO - PhP 15.50
MPI - PhP 4.45
NRCP - PhP 4.35
SUN - PhP 1.04
V - PhP 1.84
WEB - PhP 0.060