The day's market - July 12, 2007

Market Comments:BusinessWorld - July 12, 2007

The Dow Jones Industrial Average (DJIA) was up by 76.17 points overnight in WallStreet.
The local equities market rebounded after four days of declines after having found a support at 3700.

PSEi previous close - 3704.22 (July 11,2007)

A computer glitch seems to have affected the system as the previous close reflected was at 3696.51.

time---------up------------PSEi

9:31---------3.64
9:32---------2.01
9:33---------0.47

After a relatively flat start, the market suddenly shot up. Trading remained buoyant and the PSEi maintained its gains.

9:34--------19.07----------3715.58
9:36--------19.78
9:39--------19.78 (Advancers 31 ; Decliners 5)
9:45--------22.46
9:52--------24.64----------3721.15

Initial market resistance at 3720.

9:57--------19.76----------3716.27
10:00-------23.21
10:04-------23.91---------3720.42

The 3720 level was broken and the market continued its ascent.

10:08-------25.11
10:31-------26.36
10:34-------28.32
10:38-------31.68
10:40-------32.31
10:42-------32.90
10:43-------33.77
10:44-------36.42--------3732.93

A slight pullback.

10:46-------31.52
10:50-------33.48

The PSEi now trades at higher intraday levels.

10:53------37.61
10:55------37.99
11:00------39.38
11:03------39.67
11:04------40.89
11:07------42.64
11:08------43.22
11:12------44.01
11:19------45.07
11:24------49.71
11:25------50.59
11:27------52.13

The PSEi breaches the 3750 level.

11:29------54.59---------3751.47
11:43------54.96
11:44------56.55
11:49------58.56

The market closes at its high.

12:01-----60.24--------3756.75 (+1.63%)
Market Close.

Advancers 81
Decliners 38

Value turnover PhP 9.264 bn
Cross transactions PhP 1.657 bn
Block sale PhP 4.214 bn ( 70,248,500 shares of PNB at PhP 60.00)

Sectoral Indices were higher across-the-board.
Property +2.38%
Services +1.58%
Industrial +1.15%
Holdings +1.12%
Financial +0.97%
M-O +0.75%

Closing prices of select stocks - July 12, 2007.
ABA - PhP 0.012
ALI - PhP 18.25
DGTL - PhP 1.56
EIB - PhP 0.55
GO - PhP 0.30
GOB - no trade
LOTO - PhP 15.25
MPI - PhP 4.30
NRCP - PhP 4.25
SUN - PhP 0.95
V - PhP 1.86
WEB - PhP 0.060