The day's market - July 09, 2007

The Local equities market moved sideways in arange 20 points above and 20 points below its previous close.

PSEi previous close - 3758.84 (July 6, 2007)

time-------------change-------------PSEi
9:31-----------up 11.69------------3770.53

The market opened on a bright note. Advancers immediately dominated Decliners 22 to 2.

9:32-----------up 10.54
9:33---------------11.41
9:34---------------13.38
9:35---------------15.32
9:37---------------17.92
9:38---------------20.36-----------3779.20 (day's high)

The 3780 - 3800 level proves to be the market resistance. The PSEi retreats.

9:40----------up 14.02
9:45-------------13.39
9:46-------------12.80
9:48-------------11.96
9:50-------------11.66
9:51-------------10.68
9:53--------------8.50
9:59--------------6.80-------------3765.64

The market attempts a feeble rally.

10:05---------up 7.70
10:11-----------11.36
10:14-----------12.17--------------3771.01

The uptrend has lost steam and the declines continues.

10:19---------up 10.80
10:22------------6.82
10:23------------4.94
10:27------------1.05---------------3759.89

The 3760 level was tested as the market was undecided whether to stay in positive territory or continue its correction.

10:28---------down 0.81
10:35---------------0.81
10:37---------------0.52
10:40---------------1.02
10:41------------up 2.00
10:43----------------0.30

After briefly consolidating, the market falls as sellers began to overwhelm buyers.

10:44--------down 2.86
10:44--------------7.66
10:54--------------7.82
10:57-------------10.07----------3748.77

The 3750 support was broken.

11:00--------down 12.82
11:01--------------13.24
11:02--------------15.50
11:09--------------20.27----------3738.57 (day's low)

The market consolidates in the negative territory for the rest of the trading session, ignoring the gains in the other asian markets.

11:11--------down 19.40
11:14--------------15.43
11:19--------------13.92
11:23--------------17.92
11:26--------------19.99----------3738.85
11:32--------------18.06
11:37--------------19.20
11:44--------------18.22

11:48--------down 15.10
11:49--------------14.35
11:51--------------16.00
11:53--------------14.99
11:55--------------18.78
11:56--------------15.60
11:57--------------14.88
11:58--------------10.10
11:59---------------9.73-----------3749.11
12:01--------------14.70-----------3744.05 (-0.39%)
Market Close.

Advancers 44
Decliners 64

Value turnover PhP 3.213 bn
Cross transactions PhP 1.037 bn

Sectoral Indices.
Services -1.14%
Property -0.35%
Financial -o.32%
Industrial -0.17%
Holdings +0.33%
M-O +1.32%

Closing prices of select stocks - July 09, 2007
ABA - PhP 0.012
ALI - PhP 17.50
DGTL - PhP 1.56
EIB - PhP 0.56
GO - PhP 0.30
GOB - no trade
LOTO - PhP 15.50
MPI - PhP 4.30
NRCP - PhP 4.35
SUN - PhP 0.92
V - PhP 1.82
WEB - PhP 0.060