The Philippine Stock Market now trading at new all time high levels - July 03, 2007

The momentum from yesterday's rise (index wise at least) and the huge gains in WallStreet overnight had the market jump from the opening bell.

PSEi previous close - 3691.68 (July 02, 2007)

time---------------up--------------PSEi
9:31---------------20.42---------3712.10

The 3700 level was easily breached. With this strong opening, a chart gap at 3691-3712 was opened.

9:33---------------26.40
9:34---------------27.43
9:35---------------29.73
9:38---------------29.84
9:39---------------35.73
9:40---------------36.84----------3728.84

A few minutes into trading and the PSEi was already challenging its previous all time high at 3730.

9:41---------------40.46----------3732.14

With the market at new all time highs territory, it paused from its strong advance and just consolidated above the 3730 level (with 3740 as a resistance) in the next half hour of trading.

9:42--------------44.71
9:43--------------45.29
9:45--------------47.86
9:47--------------48.51
9:49--------------49.20-------------3740.88

9:54--------------44.91
9:55--------------38.25-------------3729.93

9:57--------------44.55
10:08------------47.69-------------3739.34

For the rest of the day's trading, the market moved a level higher but just traded near the 3750 level. It moved within the 3740-3760 range.

10:10------------53.89------------3745.57
10:11------------57.54
10:12------------61.00
10:13------------63.52------------3755.20

10:20------------58.69
10:37------------54.19
10:40------------60.43-----------3752.11

10:45------------52.20-----------3743.88

10:52------------54.54
10:53------------60.35
10:55------------62.54-----------3754.22

10:58------------57.14
10:59------------56.36-----------3748.04

11:00------------61.76
11:01------------62.33
11:02------------63.95-----------3755.63

11:04------------59.35
11:16------------58.05------------3749.73

11:20------------61.43------------3753.11

11:23------------51.75------------3743.43

11:29------------55.17
11:33------------59.45
11:37------------62.25
11:39------------65.32------------3757.00

11:43------------60.29------------3751.97
11:49------------64.62
11:51------------67.69
11:52------------68.81------------3760.49 (new all time high)

11:56------------63.37
11:57------------61.48
11:58------------58.21
12:01------------60.31------------3751.99 (+1.63%)
Market Close.

Advancers 106
Decliners 24

Value turnover PhP 5.955 bn
Cross transactions PhP 2.929 bn

Sectoral indices were up across-the-board.
Property +3.05%
M-O +2.22%
Services +1.94%
Industrial +1.21%
Holdings +0.95%
Financial +0.36%

Closing prices of select stocks - July 3, 2007
ABA - PhP 0.012
ALI - PhP 17.75
DGTL - PhP 1.60
EIB - PhP 0.55
GO - PhP 0.30
GOB - PhP 0.31
LOTO - PhP 15.25
MPI - PhP 4.40
NRCP - PhP 4.35
SUN - PhP 0.96
V - PhP 1.84
WEB - PhP 0.060