The day's market - July 24, 2007

The market continued to consolidate albeit with a downward bias despite the rebound in the US equities market. The President's State of the Nation Address (SONA) failed to perk up trading sentiment for the day.

PSEi previous close - 3737.79 (July 23, 2007)

time-------------change---------PSEi
9:31-----------up 4.01----------3741.80 (the day's high)
9:34--------------2.36
9:35--------------0.60

9:36-------PhP 44.756 vs $1.00

9:37----------down 0.86
9:40-------------up 1.61
9:45----------down 1.44
9:52----------------1.10

At this point, Advancers outnumbered Decliners 50 to 20.

9:57------------up 0.35
9:58---------------0.94

9:59---------down 0.21
10:02--------------0.54
10:04--------------0.83

After the first half hour of listless trading, the market's decline accelerated.

10:09--------down 2.47
10:12--------------4.39
10:23--------------6.29
10:33-------------10.27
10:43-------------11.24
10:44-------------12.22
10:45-------------13.20
10:46-------------13.80
10:47-------------14.80
10:48-------------15.32-----------3722.47

The 3720 level tries to hold as a support level.

10:52--------down 14.33
10:59--------------13.49----------3724.30

11:08--------down 15.48
11:10--------------16.27
11:11--------------16.98----------3720.81

The 3720 level was again tested and it fails to hold this time. This again hastens the market's fall.

11:12--------down 17.85---------3719.94
11:13--------------18.07
11:15--------------19.71
11:17--------------21.82
11:18--------------22.86
11:19--------------23.12
11:22--------------26.64
11:23--------------29.14----------3708.65

11:24---------------26.14
11:28---------------27.79
11:30---------------28.72
11:31---------------29.24

11:49---------------25.83
11:54---------------27.63

A much hoped for rally failed to materialize and the PSEi ended at its day's low.

12:01---------down 31.55---------3706.24 (-0.84%)
Market Close.

Advancers 40
Decliners 61

Value turnover PhP 4.349 bn
Cross transactions PhP 1.486 bn

Sectoral Indices.
M-O +0.53%
Property -0.61%
Industrial -0.63%
Holdings -0.80%
Financial -0.82%
Services -0.95%

TOP GAINERS:
Stock-----------Price-------------% up
VVT-----------PhP 2.80--------40.00%
FED-----------PhP 14.50-------20.83%
FJP------------PhP 2.12--------10.42%
LND-----------PhP 1.32--------10.00%
OPMB---------PhP 0.026-------8.33%

BIGGEST DECLINERS:
Stock----------Price----------(% down)
ILI------------PhP 0.99------(8.33%)
KPHB---------PhP 2.40------(7.69%)
OM-----------PhP 0.019-----(5.00%)
APM----------PhP 0.019-----(5.00%)
VITA---------PhP 0.43------(4.44%)