The day's market - July 23, 2007

The huge drop in WallStreet effectively stymied the momentum in the local equities market which was built up from Friday's rally. Investors turned wary.

PSEi previous close - 3738.38 (July 20, 2007)

time--------------change---------------PSEi
9:31-9:35--------up 1.38-------------3739.66(day's high)
9:36-----------------0.50
9:37-----------PhP 45.034 vs $ 1.00

With the local currency also weak, the market move into negative territory.

9:38-----------down 1.44
9:39-----------------1.67
9:43-9:45-----------0.53
9:47-----------------2.47
9:49-9:52-----------3.18

Thge mild sell off accelerates.

9:53-----------down 4.34
9:55-----------------6.22
9:56-----------------7.39
9:59-----------------11.19
10:00----------------13.15
10:05----------------13.70
10:10----------------15.08

At this point, Decliners outnumbered Gainers 45 to 29.

10:14----------down 17.60
10:16----------------18.50------------3719.78

The 3720 support is tested and broken.

10:20---------down 19.65
10:23----------------21.15
10:24----------------24.32
10:33----------------24.34
10:34----------------28.64------------3709.64 (day's low)

10:38---------PhP 44.984 vs $ 1.00

When the peso recovered, the market also started to rebound.

10:49---------down 27.08
10:56---------------24.41
10:58---------------22.41
11:10---------------18.76------------3719.52

The 3720 level was tested as a resistance.

11:21---------down 20.79------------3717.49
11:27---------------19.81
11:37---------------15.00------------3723.28

The PSEi moves above the 3720 level and hastened its recovery.

11:39---------down 12.69
11:40---------------10.26
11:41-----------------9.60
11:47-----------------8.97
11:48-----------------7.58
11:51-----------------6.38
11:53-----------------5.78
11:54-----------------3.11------------3735.17

The market made a full retracement from its day's losses and ended flat

11:55------------up 0.06
11:57---------------0.42

11:58---------down 1.64
11:59---------------2.82
12:01---------------0.49-------------3737.79 (-0.01%)
Market Close.

Advancers 47
Decliners 64

Value turnover PhP 3.069 bn
Cross transactions PhP 1.034 bn

Sectoral Indices.
M-O +0.46%
Holdings unch
Industrial -0.03%
Financial -0.07%
Property -0.10%
Services -0.19%

TOP GAINERS:
Stock-----------Price----------% up
ATSP----------PhP 3.50-------16.67%
CYBR--------------0.66--------11.86%
APM---------------0.020------11.11%
FED---------------12.00-------9.09%
WIN----------------0.62-------8.77%

BIGGEST DECLINERS:
Stock----------Price----------(% down)
IMP----------PhP 22.00------(15.38%)
JOH---------------3.65-------(15.12%)
ACR---------------0.94-------(6.00%)
BAL---------------5.60-------(5.08%)
GO----------------0.39-------(4.88%)