The day's market - July 20, 2007

The Dow Jones Industrial Average (DJIA) advanced by 82.19 points in WallStreet to post a new record close at 14,000.41.
The peso was trading below PhP 45.00 against the $US; a seven-year high.

PSEi previous close - 3702.91 (July 19, 2007)

time--------------up-------------PSEi
9:31--------------15.54
9:35--------------17.81----------3720.72

After finding a support at the 3700 level yesterday, strong positive sentiment had the market challenging the 3720 resistance early in the trading day.

9:36-------------22.21
9:40-------------22.46
9:43-------------23.58----------3726.49

9:57-------------21.53
10:02-----------18.33
10:06-----------19.64
10:20-----------24.05
10:21-----------25.51
10:38-----------28.29
10:41-----------29.53----------3732.44

10:51-----------23.36
11:04-----------20.58
11:13-----------19.11----------3722.02

The 3720 level is now a support.

11:26----------24.74
11:31----------30.79
11:43----------34.48

11:49----------29.39
11:53----------27.33-----------3730.24

11:56----------35.21
11:57----------40.62
11:58----------41.80----------3744.71 (day's high)
12:01----------35.37----------3738.29 (+0.96%)
Market Close.

If the US markets continues to establish new highs or manages to hold near the 14,000 level, momentum may carry local equities to challenge the 3750-3800 resistances early next week. President Gloria Macapagal Arroyo's (GMA) State of the Nation Address (SONA) will also be keenly watched for any leads that may influence market movement.

Advancers 78
Decliners 28

Value turnover phP 4.326 bn
Cross transactions PhP 1.944 bn

Sectoral Indices.
Holdings +1.91%
Financial +1.15%
Industrial +1.10%
Property +0.76%
M-O +0.49%
Services -0.13%