The day's market - July 30, 2007

The sentiment was still negative upon the opening bell. Investors were still very wary of the spillover effect of the large drops in WallStreet.

PSEi previous close - 3518.76 (July 27, 2007)

time-------------down----------------PSEi
9:31--------------28.14-------------3490.62

The 3500 was immediately broken.

9:33--------------33.82
9:39--------------36.40
9:48--------------49.61
9:50--------------53.84
9:58--------------66.11-------------3452.65

The 3450 level was also tested and then broken.

10:18-------------67.04
10:20-------------73.83
10:21-------------74.25
10:29-------------76.36
10:33-------------80.37
10:34-------------84.10-------------3434.66 (the day's low)

After its downward trajectory, the market had a technical bounce to limit losses.

10:36-------------79.16
10:51-------------78.33
11:07-------------75.90
11:10-------------70.58
11:16-------------64.63-----------3454.13

The market again hovers at the 3450 level and hurdles it. It tries to build a support at this level.

11:23-------------55.30-----------3463.46
11:24-------------50.91
11:32-------------45.84
11:38-------------42.67
11:39-------------41.74-----------3477.02

11:59-------------46.97
12:01-------------51.30-----------3467.46 (-1.46%)
Market Close.

Advancers 25
Decliners 101

Value turnover PhP 16.920 bn
Cross transactions PhP 3.274 bn
Block Sales PhP 7.756 bn

The block sales included 867,785,000 shares of GMA7 at PhP 8.50 per share with a total value of PhP 7.376 bn.


Sectoral Indices.

Industrial +0.48%
M-O -1.34%
Holdings -1.65%
Services -1.76%
Financial -1.92%
Property -2.17%


TOP GAINERS:
1. T: PhP6.60; +50.00%
2. GMAP: PhP8.50; +29.41%
3. GMA7: PhP10.50; +23.53%

WORST DECLINERS:
1. ZHI: PhP0.60; -20.00%
2. FED: PhP16.00; -20.00%
3. ATSP: PhP3.00; -14.29%

VALUE TURNOVER:
1. GMAP: PhP2,040 mn (close: PhP11.00; +29.41%)
2. VLL: PhP1,202 mn (close PhP6.20; -4.62%)
3. ABSP: PhP1,020 mn (close PhP36.00; unch)

VOLUME TURNOVER:
1. OV: 660 mn (close: PhP0.023; -4.17%)
2. OM: 440 mn (close PhP0.016; unch)
3. AR: 360 mn (close PhP0.012; -7.69%)



GMA Network Inc. (GMA7) listed today at the exchange after completion of its Initial Public Offering (IPO) at Php 8.50.


GMA7 (GMA Network Inc.)
open PhP 8.70
low PhP 8.70
high PhP 10.50
close PhP 10.50
up 23.53%
Volume: 57,372,000 shares
Value: PhP 561,811,000


GMA Holdings, Inc PDR (GMAP)
open PhP 9.50
low PhP 9.50
high PhP 11.00
close PhP 11.00
up 29.41%
Volume 200,972,000
Value: PhP 2,040,341,3000