The day's market - July 31, 2007

The rise in the US markets and month end window dressing had the market upbeat upon the opening bell.

PSEi previous close - 3467.46 (July 30, 2007)

time-------------up-----------------PSEi
9:31------------53.89--------------3521.35

The market breached the 3500 level upon opening of trading.

9:32------------55.26
9:33------------56.47
9:33------------63.73
9:34------------64.23
9:37------------66.14
9:38-----------70.15--------------3537.61

9:41------------59.26
9:43------------64.04
9:44------------73.81
9:48------------78.24------------3545.70 (the day's high)

After a very strong surge in the first twenty minutes, profit taking immediately set in.

9:50-----------71.22
10:05----------67.91
10:11----------64.40
10:12----------61.21
10:13----------60.78
10:16----------59.09
10:21----------55.88
10:23----------54.91
10:24----------51.30

The market falls below its opening levels. Selling continues and the day's gains are eroded.

10:25----------46.97
10:29----------42.14
10:30----------39.38
10:34----------35.36------------3502.82

The market tries to find a support at the 3500 level.

10:35----------38.74
10:36----------42.77
10:40----------37.09
10:43----------33.51-------------3500.97

The 3500 level is still holding.

10:44----------41.54
10:45----------42.45
10:46----------44.85-------------3512.31

10:48----------39.99
10:51----------36.55
10:58----------34.49
11:10----------33.67--------------3501.13

The 3500 level is breached.

11:13----------31.80--------------3499.26
11:18----------31.42
11:19----------25.39
11:21----------25.24
11:24----------23.60--------------3491.06

The market consolidates at the 3500 level for the rest of the trading day as selling pressure somehow eases.

11:25----------26.97
11:27----------29.64
11:32----------28.55
11:39----------32.77---------------3500.23

11:44----------28.21
11:45----------30.07
11:53----------35.80--------------3503.26

11:54----------33.01--------------3500.47
11:55----------35.35
11:58----------35.97
12:01----------33.74--------------3501.20 (+0.97%)
Market Close.

Adavncers 48
Decliners 62

Value turnover: PhP 6.257 bn
Cross transactions: PhP 2.393 bn

Sectoral Indices rebounded across-the-board.
Property +3.06%
Holdings +0.84%
Services +0.64%
Industrial +0.19%
Financial +0.18%
M-O +0.13%



----------------GMA7--------------GMAP
open-----------PhP 11.50----------PhP 11.75
high-----------PhP 11.50-----------PhP 11.75
low------------PhP 10.25-----------PhP 10.50
close-----------PhP 10.75-----------PhP 10.75