SUMMARY OF INDICES.
--------------------last week--------this week-------points up-------(% up)
PSEi---------------3206.94-----------3365.29--------158.35--------+4.94%
Holdings-----------1768.68------------1889.43--------120.75-------+6.82%
Industrial----------4473.00-----------4740.22--------267.22-------+5.97%
Property-----------1464.18-----------1525.62----------61.44--------+4.19%
Financial------------857.64------------863.77-----------6.13--------+0.71%
Mining-Oil---------5329.38-----------5485.82---------156.44-------+2.93%
All-Shares---------2052.44-----------2133.59-----------81.15--------+3.95%
Friday, August 31, 2007
The day's market - August 31, 2007
The Dow Jones Industrial Average (DJIA) closed lower by 50.56 points and closed at 13238.73.
The Philippine Gross Domestic product (GDP) surges 7.5% for the 2nd quarter of 2007 on back of high infrastructure investments and election spending as well as stable interest rates and a strong peso. This is the highest level in 20 years.
In the second quarter, Agriculture, Fisheries and Forestry (AFF) grew by 3.9%, Industry by 8% and Services by 8.9%.
The highest contribution to GDP was Services which accounted for 4.1%, Industry with 2.7%. AFF accounted for only 0.7%
PSEi previous close - 3320.34 (August 30, 2007)
time-------------change--------------------PSEi
9:31-----------down 0.59----------------3319.75
9:32-----------------2.90
9:33--------------up 2.44
9:34-----------down 0.41
9:35-----------------2.93
9:37-----------------3.25----------------3317.09 (day's low)
The market had a listless start as there was uncertainty with the decline in WallStreet overnight.
9:38-------------up 2.76
9:40----------------0.68
9:41----------------2.77
9:42----------------0.50
9:43----------------0.02
9:46----------------6.01
With the market stabilizing after the first fifteen minutes, optimism on the better than expected GDP data caught up with investors.
9:47------------up 8.07
9:48--------------10.95
9:50--------------14.24
9:51--------------17.99
9:52--------------19.26
9:53--------------21.05
9:54--------------23.75
9:55--------------24.06
9:56--------------28.13
10:01-------------29.60
10:02-------------31.50----------------3351.84
The 3350 level was reached and the market consolidated its gains for the rest of the session. There was no sign of giving back the day's gains.
10:03--------up 34.24
10:05-----------31.92
10:06-----------27.96------------------3348.30
10:09-----------31.42
10:11-----------34.70
10:13-----------35.63
10:22-----------36.26
10:24-----------36.80
10:26-----------37.90
10:32-----------38.77-------------------3359.11
10:35-----------33.53
10:36-----------32.56
10:41-----------31.44
10:43-----------28.93-------------------3349.27
The market continued to move in a narrow range in the next hour.
10:44-----------30.88
11:16------------34.73
11:29------------37.55
11:50------------36.63
The market gained some more momentum in the last ten minutes as month-end window-dressing kicked in.
11:51----------up 40.04
11:55-------------40.98
11:56-------------41.34
11:57-------------45.12------------------3365.46 (day's high)
11:58-------------40.41
11:59-------------42.40
12:01-------------44.95
Market Close.
Advancers 84
Decliners 23
The 3336-3382 chart gap partially filled.
If the DJIA holds its ground tonight and the weekend passes by relatively uneventful; the market may target the 3382-3411 early next week. Support is seen at 3217-3267.
Value turnover: PhP 3.981 bn
Cross transactions: PhP 1.290 bn
Sectoral Indices were higher across-the-board.
M-O +3.09%
Holdings +2.41%
Property +1.91%
Industrial +1.35%
Services +1.01%
Financial +0.29%
The Day's Top Gainers
ATSP: PhP4.00; +48.15%
APX: PhP4.80; +17.07%
FAF: PhP0.99; +16.47%
SFI: PhP0.52 +15.56%
PAL: PhP6.80; +13.33%
CYBR: PhPO.47; +11.90%
ATS: PhP1.90; +11.76%
KPM: PhP1.96; +11.36%
BRN: PhP1.44; +10.77%
PRIM: PhP0.94; +10.59%
POPI: PhPO.43; +10.26%
OV: PhP0.022; +10.00%
The Philippine Gross Domestic product (GDP) surges 7.5% for the 2nd quarter of 2007 on back of high infrastructure investments and election spending as well as stable interest rates and a strong peso. This is the highest level in 20 years.
In the second quarter, Agriculture, Fisheries and Forestry (AFF) grew by 3.9%, Industry by 8% and Services by 8.9%.
The highest contribution to GDP was Services which accounted for 4.1%, Industry with 2.7%. AFF accounted for only 0.7%
PSEi previous close - 3320.34 (August 30, 2007)
time-------------change--------------------PSEi
9:31-----------down 0.59----------------3319.75
9:32-----------------2.90
9:33--------------up 2.44
9:34-----------down 0.41
9:35-----------------2.93
9:37-----------------3.25----------------3317.09 (day's low)
The market had a listless start as there was uncertainty with the decline in WallStreet overnight.
9:38-------------up 2.76
9:40----------------0.68
9:41----------------2.77
9:42----------------0.50
9:43----------------0.02
9:46----------------6.01
With the market stabilizing after the first fifteen minutes, optimism on the better than expected GDP data caught up with investors.
9:47------------up 8.07
9:48--------------10.95
9:50--------------14.24
9:51--------------17.99
9:52--------------19.26
9:53--------------21.05
9:54--------------23.75
9:55--------------24.06
9:56--------------28.13
10:01-------------29.60
10:02-------------31.50----------------3351.84
The 3350 level was reached and the market consolidated its gains for the rest of the session. There was no sign of giving back the day's gains.
10:03--------up 34.24
10:05-----------31.92
10:06-----------27.96------------------3348.30
10:09-----------31.42
10:11-----------34.70
10:13-----------35.63
10:22-----------36.26
10:24-----------36.80
10:26-----------37.90
10:32-----------38.77-------------------3359.11
10:35-----------33.53
10:36-----------32.56
10:41-----------31.44
10:43-----------28.93-------------------3349.27
The market continued to move in a narrow range in the next hour.
10:44-----------30.88
11:16------------34.73
11:29------------37.55
11:50------------36.63
The market gained some more momentum in the last ten minutes as month-end window-dressing kicked in.
11:51----------up 40.04
11:55-------------40.98
11:56-------------41.34
11:57-------------45.12------------------3365.46 (day's high)
11:58-------------40.41
11:59-------------42.40
12:01-------------44.95
Market Close.
Advancers 84
Decliners 23
The 3336-3382 chart gap partially filled.
If the DJIA holds its ground tonight and the weekend passes by relatively uneventful; the market may target the 3382-3411 early next week. Support is seen at 3217-3267.
Value turnover: PhP 3.981 bn
Cross transactions: PhP 1.290 bn
Sectoral Indices were higher across-the-board.
M-O +3.09%
Holdings +2.41%
Property +1.91%
Industrial +1.35%
Services +1.01%
Financial +0.29%
The Day's Top Gainers
ATSP: PhP4.00; +48.15%
APX: PhP4.80; +17.07%
FAF: PhP0.99; +16.47%
SFI: PhP0.52 +15.56%
PAL: PhP6.80; +13.33%
CYBR: PhPO.47; +11.90%
ATS: PhP1.90; +11.76%
KPM: PhP1.96; +11.36%
BRN: PhP1.44; +10.77%
PRIM: PhP0.94; +10.59%
POPI: PhPO.43; +10.26%
OV: PhP0.022; +10.00%
Thursday, August 30, 2007
The day's market - August 30, 2007
The market immediately opened higher upon the opening bell and a gap at the 3217-3267 levels was opened.
PSEi previous close - 3209.53 (Auugust 29, 2007)
time---------------up----------------PSEi
9:31-------------58.16--------------3267.69
9:32-------------63.30
9:34-------------63.55
9:36-------------68.33
9:39-------------67.32
9:55-------------69.74
9:57-------------69.73
9:58-------------77.29
10:02-----------78.55
10:03-----------82.58
10:07-----------86.17
10:08-----------90.65--------------3300.18
The 3300 level was breached.
10:09-----------91.50
10:10-----------92.48
10:11-----------94.63
10:13-----------96.20
10:16-----------98.56
10:17----------100.25
The market has now advanced by more than a hundred points.
10:21----------101.74
10:22----------103.05
10:24----------104.42
10:26----------105.20
10:29----------108.84
10:31----------105.50
10:32----------107.58
10:39----------106.03
10:43----------108.48
10:48----------109.44
10:51----------110.47------------3320.00
10:55----------112.32------------3321.85 (day's high)
The market then just consolidated and kept its more than a hundred points advance the rest of the trading day. It showed no signs of back its gains.
11:01-----------105.71
11:05-----------104.14
11:12-----------105.13
11:22-----------104.67
11:25-----------102.77-----------3312.33
11:35-----------103.90
11:39-----------104.27
11:44-----------106.63
11:50-----------104.42
11:51-----------106.44
11:53-----------105.32
11:55-----------107.29
11:58-----------105.79
11:59-----------112.02
12:01-----------110.81-----------3320.34 (+3.45%)
Market Close.
Advancers 119
Decliners 11
There was no index issue decliner.
The next target is to close the chart gap at the 3336-3382 levels. Momentum is likely to carry the market higher especially if WallStreet stabilizes tonight.
Value turnover: PhP 4.711 bn
Cross transactions: PhP 1.614 bn
All sectors advanced.
Property +5.11%
Industrial +4.97%
M-O +4.59%
Holdings +2.68%
Services +2.47%
Financial +2.18%
The Day's Top Gainers
KEP: PhP2.00; +40.85%
GO: PhP0.29; +28.89%
AAA: PhP0.60; +20.00%
CMT: PhP1.22; +19.61%
ICTV: PhP2.30; +13.86%
PAX: PhP15.00; +13.21%
AGI: PhP5.20; +13.04%
MIC:PhP4.80; +12.94%
UW: PhP0.27; +12.50%
PCKH: PhP1.00; +12.50%
LND: PhP1.18; +11.32%
PO: PhP3.60; +10.77%
NI: PhP11.00; +10.00%
PSEi previous close - 3209.53 (Auugust 29, 2007)
time---------------up----------------PSEi
9:31-------------58.16--------------3267.69
9:32-------------63.30
9:34-------------63.55
9:36-------------68.33
9:39-------------67.32
9:55-------------69.74
9:57-------------69.73
9:58-------------77.29
10:02-----------78.55
10:03-----------82.58
10:07-----------86.17
10:08-----------90.65--------------3300.18
The 3300 level was breached.
10:09-----------91.50
10:10-----------92.48
10:11-----------94.63
10:13-----------96.20
10:16-----------98.56
10:17----------100.25
The market has now advanced by more than a hundred points.
10:21----------101.74
10:22----------103.05
10:24----------104.42
10:26----------105.20
10:29----------108.84
10:31----------105.50
10:32----------107.58
10:39----------106.03
10:43----------108.48
10:48----------109.44
10:51----------110.47------------3320.00
10:55----------112.32------------3321.85 (day's high)
The market then just consolidated and kept its more than a hundred points advance the rest of the trading day. It showed no signs of back its gains.
11:01-----------105.71
11:05-----------104.14
11:12-----------105.13
11:22-----------104.67
11:25-----------102.77-----------3312.33
11:35-----------103.90
11:39-----------104.27
11:44-----------106.63
11:50-----------104.42
11:51-----------106.44
11:53-----------105.32
11:55-----------107.29
11:58-----------105.79
11:59-----------112.02
12:01-----------110.81-----------3320.34 (+3.45%)
Market Close.
Advancers 119
Decliners 11
There was no index issue decliner.
The next target is to close the chart gap at the 3336-3382 levels. Momentum is likely to carry the market higher especially if WallStreet stabilizes tonight.
Value turnover: PhP 4.711 bn
Cross transactions: PhP 1.614 bn
All sectors advanced.
Property +5.11%
Industrial +4.97%
M-O +4.59%
Holdings +2.68%
Services +2.47%
Financial +2.18%
The Day's Top Gainers
KEP: PhP2.00; +40.85%
GO: PhP0.29; +28.89%
AAA: PhP0.60; +20.00%
CMT: PhP1.22; +19.61%
ICTV: PhP2.30; +13.86%
PAX: PhP15.00; +13.21%
AGI: PhP5.20; +13.04%
MIC:PhP4.80; +12.94%
UW: PhP0.27; +12.50%
PCKH: PhP1.00; +12.50%
LND: PhP1.18; +11.32%
PO: PhP3.60; +10.77%
NI: PhP11.00; +10.00%
Yesterday's market - August 29, 2007
The Dow Jones Industrial Average (DJIA) dropped 280.28 (-2.10%) the other night (August 28, 2007) and ended at 13,041.85. Another huge drop like that in WallStreet is just too hard to ignore despite the recent advances in the Philippine Stock Market. I purposely did not watch the market lest i too might fall prey to emotional selling.
The local equities market fell upon the opening bell as expected; but this time around, panic selling was tempered.
The 91-day Treasury bills rose its yield to 3.731% from 3.711%.
PSEi previous - 3251.77 (August 28, 2007)
open - 3192.49
high - 3217.27
low - 3171.73 (down 80.04)
close - 3209.53 (down 42.24 points or 1.30%)
It is an encouraging sign that the Philippine Stock Market was able to limit its losses. The PSEi hit the target support of 3170 (as seen last August 24).
Advancers 12
Decliners 109
Value turnover: PhP 3.923 bn
Cross transactions: PhP 1.721 bn
All sectors declined.
M-O -2.74%
Property -2.73%
Financial -2.05%
Industrial -1.59%
Holdings -0.74%
Service -0.49%
All shares -1.47%
The Day's Biggest Decliners
IMP: PhP14.00; -20.00%
PEP: PhP0.49; -15.52%
GEO: PhP1.36; -10.53%
GO: PhP0.225; -10.00%
PO: PhP3.25; -9.72%
Last night (August 29,2007); the DJIA advanced by 247.44 (+1.90%) points to close at 13289.29. This early, asian markets are seen to rebound today. A technical chartist in Bloomberg TV is seeing that WallStreet is still in a bullish phase and has not yet turned bearish as some has feared due to the recent drops. Analysts also are looking forward to a US Fed rate cut by Sept 17, 2007; amid recession fears.
The local equities market fell upon the opening bell as expected; but this time around, panic selling was tempered.
The 91-day Treasury bills rose its yield to 3.731% from 3.711%.
PSEi previous - 3251.77 (August 28, 2007)
open - 3192.49
high - 3217.27
low - 3171.73 (down 80.04)
close - 3209.53 (down 42.24 points or 1.30%)
It is an encouraging sign that the Philippine Stock Market was able to limit its losses. The PSEi hit the target support of 3170 (as seen last August 24).
Advancers 12
Decliners 109
Value turnover: PhP 3.923 bn
Cross transactions: PhP 1.721 bn
All sectors declined.
M-O -2.74%
Property -2.73%
Financial -2.05%
Industrial -1.59%
Holdings -0.74%
Service -0.49%
All shares -1.47%
The Day's Biggest Decliners
IMP: PhP14.00; -20.00%
PEP: PhP0.49; -15.52%
GEO: PhP1.36; -10.53%
GO: PhP0.225; -10.00%
PO: PhP3.25; -9.72%
Last night (August 29,2007); the DJIA advanced by 247.44 (+1.90%) points to close at 13289.29. This early, asian markets are seen to rebound today. A technical chartist in Bloomberg TV is seeing that WallStreet is still in a bullish phase and has not yet turned bearish as some has feared due to the recent drops. Analysts also are looking forward to a US Fed rate cut by Sept 17, 2007; amid recession fears.
Tuesday, August 28, 2007
The day's market - August 28, 2007
The local equities market played catch up with the rest of the asian region which gained yesterday following WallStreet's rise on Friday.
PSEi previous close - 3206.94 (August 24, 2007)
time-------------change-------------PSEi
9:31------------up 2.48------------3209.42
9:32---------down 2.54------------3204.40 (day's low)
9:33-----------up 0.01
A sudden advance in the market.
9:34-----------up 14.02
9:35--------------15.68
9:36--------------16.33
Another big jump in the PSEi.
9:37-----------up 33.16
9:40--------------35.89
9:41--------------39.12
9:44--------------41.09---------3248.06
After two big spurts in the fifteen minutes of trading, the PSEi consolidated just above the 3240 level in the next quarter of an hour.
9:46----------up 36.76
9:47-------------33.78---------3240.72
9:53-------------38.19
9:56-------------38.82
9:57-------------39.92
9:58-------------40.59
10:06------------43.98--------3250.92
The 3250 level initial target was reached and this is where the market tries to build a base during the rest of the trading session.
10:09---------up 44.14
10:19------------45.19
10:24------------46.79
10;27------------47.89
10:28------------49.07
10:33------------50.89
10:35------------52.18
10:44------------54.03
10:50------------54.34-------3261.28 (day's high)
11:02------------53.94
11:10------------48.88
11:14------------46.48
11:21------------44.96
11:24------------44.05
11:26------------42.83
11:34------------45.60
11:37------------48.46
11:38------------51.78
11:41------------52.03------3258.97
11:45------------43.80
11:49------------47.78
11:52------------48.72
11:54------------50.19
11:57------------51.92------3258.86
11:58------------46.84
11:59------------46.54
12:01------------44.83-----3251.77 (+1.40%)
Market Close.
Advancers 74
Decliners 42
Value turnover: PhP 3.189 bn
Cross transactions: PhP 1.135 bn
The chart gap at the 3257-3222 level opened last August 14-15, 2007 was completely filled.
Sectoral Indices.
Holdings +2.22%
Industrial +1.83%
M-O +1.54%
Services +1.27%
Property +0.86%
Financial +0.60%
All-Shares +1.14%
The Day's Top Gainers:
CMT: PhP 1.10; +13.40%
OPM: PhP 0.020; +11.11%
OPMB: PhP 0.021; +10.53%
EEI: PhP 4.35; +10.13%
PHES: PhP 0.35; +9.37%
PSEi previous close - 3206.94 (August 24, 2007)
time-------------change-------------PSEi
9:31------------up 2.48------------3209.42
9:32---------down 2.54------------3204.40 (day's low)
9:33-----------up 0.01
A sudden advance in the market.
9:34-----------up 14.02
9:35--------------15.68
9:36--------------16.33
Another big jump in the PSEi.
9:37-----------up 33.16
9:40--------------35.89
9:41--------------39.12
9:44--------------41.09---------3248.06
After two big spurts in the fifteen minutes of trading, the PSEi consolidated just above the 3240 level in the next quarter of an hour.
9:46----------up 36.76
9:47-------------33.78---------3240.72
9:53-------------38.19
9:56-------------38.82
9:57-------------39.92
9:58-------------40.59
10:06------------43.98--------3250.92
The 3250 level initial target was reached and this is where the market tries to build a base during the rest of the trading session.
10:09---------up 44.14
10:19------------45.19
10:24------------46.79
10;27------------47.89
10:28------------49.07
10:33------------50.89
10:35------------52.18
10:44------------54.03
10:50------------54.34-------3261.28 (day's high)
11:02------------53.94
11:10------------48.88
11:14------------46.48
11:21------------44.96
11:24------------44.05
11:26------------42.83
11:34------------45.60
11:37------------48.46
11:38------------51.78
11:41------------52.03------3258.97
11:45------------43.80
11:49------------47.78
11:52------------48.72
11:54------------50.19
11:57------------51.92------3258.86
11:58------------46.84
11:59------------46.54
12:01------------44.83-----3251.77 (+1.40%)
Market Close.
Advancers 74
Decliners 42
Value turnover: PhP 3.189 bn
Cross transactions: PhP 1.135 bn
The chart gap at the 3257-3222 level opened last August 14-15, 2007 was completely filled.
Sectoral Indices.
Holdings +2.22%
Industrial +1.83%
M-O +1.54%
Services +1.27%
Property +0.86%
Financial +0.60%
All-Shares +1.14%
The Day's Top Gainers:
CMT: PhP 1.10; +13.40%
OPM: PhP 0.020; +11.11%
OPMB: PhP 0.021; +10.53%
EEI: PhP 4.35; +10.13%
PHES: PhP 0.35; +9.37%
How the DOW closed over the long weekend
Dow Jones Industrial Average (DJIA)
Date--------------------------------change---------------------------close
Friday (August 24) ----- up 142.99 points (+1.08%)---------13378.87
Monday (August 27)---- down 56.74 points (-0.42%)-------13322.13
Date--------------------------------change---------------------------close
Friday (August 24) ----- up 142.99 points (+1.08%)---------13378.87
Monday (August 27)---- down 56.74 points (-0.42%)-------13322.13
Friday, August 24, 2007
The week that was - (August 21-24, 2007)
TOP GAINERS:
1. NI: PhP11.50;+57.53%
2. MIC: PhP4.80;+57.38%
3. PEP: PhP0.58; +52.63%
WORST DECLINERS:
1. CDC: PhP2.00; -16.67%
2. FFI: PhP6.90; -5.48%
3. ICTV: PhP2.18; -5.22%
VALUE TURNOVER:
1. TEL: PhP2,081 mn (close: PhP2.540; +10.68%)
2. MBT: PhP1,319 mn (close: PhP54.00; +10.20%)
3. ALI: PhP1,272 mn (close: PhP14.00; +5.66%)
SUMMARY OF INDICES
-----------------LAST WK-----THIS WK------(+/-)------(%CHNG)
PSEi------------2,884.34-----3,206.94 ----(+322.60)----(+11.18%)
Holdings-------1,593.25 -----1,768.68---- (+175.43)----(+11.01%)
Industrial-----3,951.80 ----4,473.00 ----(+521.20)----(+13.18%)
Property------1,310.93 ----1,464.18 -----(+153.25)----(+11.69%)
Financial ------791.76 ------857.64 -----(+65.88)------(+8.32%)
Mining-Oil ----4,472.15----5,329.38 ----(+857.23)----(+19.16%)
All Shares ----1,865.22 ----2,052.44---- (+187.22)-----(+10.04%)
1. NI: PhP11.50;+57.53%
2. MIC: PhP4.80;+57.38%
3. PEP: PhP0.58; +52.63%
WORST DECLINERS:
1. CDC: PhP2.00; -16.67%
2. FFI: PhP6.90; -5.48%
3. ICTV: PhP2.18; -5.22%
VALUE TURNOVER:
1. TEL: PhP2,081 mn (close: PhP2.540; +10.68%)
2. MBT: PhP1,319 mn (close: PhP54.00; +10.20%)
3. ALI: PhP1,272 mn (close: PhP14.00; +5.66%)
SUMMARY OF INDICES
-----------------LAST WK-----THIS WK------(+/-)------(%CHNG)
PSEi------------2,884.34-----3,206.94 ----(+322.60)----(+11.18%)
Holdings-------1,593.25 -----1,768.68---- (+175.43)----(+11.01%)
Industrial-----3,951.80 ----4,473.00 ----(+521.20)----(+13.18%)
Property------1,310.93 ----1,464.18 -----(+153.25)----(+11.69%)
Financial ------791.76 ------857.64 -----(+65.88)------(+8.32%)
Mining-Oil ----4,472.15----5,329.38 ----(+857.23)----(+19.16%)
All Shares ----1,865.22 ----2,052.44---- (+187.22)-----(+10.04%)
The Philippine Stock Market consolidates at the 3,200 level - August 24, 2007
With the Dow Jones Industrial Average (DJIA) closing flat at 13235.88(-0.25 points), the local equities market just traded in a narrow range between the 3200-3230 levels.
After opening slightly higher, the market traded lacklusterly with a negative bias for the rest of the session.
PSEi previous close - 3229.15 (August 23, 2007)
open - 3230.21 (+1.06 points)
high - 3230.21
low - 3199.78 (-29.37 points)
close - 3206.94 (-22.21 points or -0.69%)
Advancers 34
Decliners 81
Value turnover: PhP 3.526 bn
Cross transactions: PhP 1.776 bn
The market while able to keep the week's gains remain cautious. Some investors opted to take profits or cash in. Buyers in the meantime preferred to wait for bargains.
The 3200 level was able to hold as its current immediate support.
Volumes became thin ahead of another extended weekend.
There is no trading in the Philippinee Stock Exchange (PSE) on Monday (August 27, 2007).
Target resistances:
3250
3330-3380
Seen Supports:
3170
2996-3019
Sectoral Indices.
M-O -1.64%
Holdings -1.49%
Industrial -0.60%
Financial -0.60%
Property -0.48%
Services -0.08%
Day's Top Gainers:
AAI: PhP4.00; +25.00%
T: PhP19.00; +24.59%
ATS: PhP; 21.43%
Day's Biggest Decliners:
GOB: PhP 0.25; -19.35%
GO: PhP 0.25; -19.35%
CDC: PhP 2.00; -16.67%
PCKH: PhP; -11.11%
After opening slightly higher, the market traded lacklusterly with a negative bias for the rest of the session.
PSEi previous close - 3229.15 (August 23, 2007)
open - 3230.21 (+1.06 points)
high - 3230.21
low - 3199.78 (-29.37 points)
close - 3206.94 (-22.21 points or -0.69%)
Advancers 34
Decliners 81
Value turnover: PhP 3.526 bn
Cross transactions: PhP 1.776 bn
The market while able to keep the week's gains remain cautious. Some investors opted to take profits or cash in. Buyers in the meantime preferred to wait for bargains.
The 3200 level was able to hold as its current immediate support.
Volumes became thin ahead of another extended weekend.
There is no trading in the Philippinee Stock Exchange (PSE) on Monday (August 27, 2007).
Target resistances:
3250
3330-3380
Seen Supports:
3170
2996-3019
Sectoral Indices.
M-O -1.64%
Holdings -1.49%
Industrial -0.60%
Financial -0.60%
Property -0.48%
Services -0.08%
Day's Top Gainers:
AAI: PhP4.00; +25.00%
T: PhP19.00; +24.59%
ATS: PhP; 21.43%
Day's Biggest Decliners:
GOB: PhP 0.25; -19.35%
GO: PhP 0.25; -19.35%
CDC: PhP 2.00; -16.67%
PCKH: PhP; -11.11%
Thursday, August 23, 2007
The Philippine Stock Market continues its recovery - August 23, 2007
Dow Jones Industrial Average (DJIA) - up by 145.27 (1.11%) points and close at 13236.13
PSEi previous close - 3139.46 (August 22, 2007)
time----------------up-----------------PSEi
9:31--------------55.88--------------3195.34
With the market's sudden surge upon the opening bell, another chart gap is opened at the 3157-3195 levels.
9:32--------------64.04--------------3203.50
The 3200 level is immediately broken.
9:33-------------70.26
9:34-------------71.80
9:35-------------88.78
9:36-------------96.34
9:37------------100.95
9:38------------105.71--------------3245.17
9:41------------101.34
9:42-------------98.71
9:45------------106.70
9:49------------108.50
9:50------------111.88
9:51------------112.36
9:33------------113.03
10:02-----------114.92
10:10-----------115.48--------------3254.94 (the day's low)
10:16-----------111.40--------------3250.86
The market trades below the 3250 level as it gives up some of its gains and takes a breather from its strong run up.
10:27-----------102.05
10:29-----------100.17
10:30------------98.96
10:40------------92.74-------------3232.20
The PSEi moves in a narrow range for the rest of the trading session.
10:46------------90.98
10:48------------88.36
10:54------------87.57
10:55------------86.35
10:56------------85.93
11:05------------85.34------------3224.80
11:14------------90.81
11:16------------91.69
11:28------------93.11
11:38------------93.26------------3232.73
11:43------------86.91
11:48------------85.54------------3225.00
11:52------------89.40
11:56------------90.34
11:58------------92.30------------3231.76
12:01------------89.69------------3229.15 (+2.86%)
Market Close.
The chart gap at the 3222-3257 level almost closed.
Advancers 127
Decliners 13
Value turnover: PhP 5.005 bn
Cross transactions: PhP 1.754 bn
Sectoral Indices.
M-O +8.66%
Property +5.06%
Industrial +2.91%
Holdings +2.77%
Financial +2.46%
Services +1.12%
TOP GAINERS:
GOB: PhP 0.31; +47.62%
GO: PhP 0.31; +34.78%
LSC: PhP 1.50; +29.31%
BIGGEST DECLINERS:
ATI: PhP 4.20; -7.69%
FFI: PhP 6.90; -5.48%
MRC: PhP 0.61; -4.69%
PSEi previous close - 3139.46 (August 22, 2007)
time----------------up-----------------PSEi
9:31--------------55.88--------------3195.34
With the market's sudden surge upon the opening bell, another chart gap is opened at the 3157-3195 levels.
9:32--------------64.04--------------3203.50
The 3200 level is immediately broken.
9:33-------------70.26
9:34-------------71.80
9:35-------------88.78
9:36-------------96.34
9:37------------100.95
9:38------------105.71--------------3245.17
9:41------------101.34
9:42-------------98.71
9:45------------106.70
9:49------------108.50
9:50------------111.88
9:51------------112.36
9:33------------113.03
10:02-----------114.92
10:10-----------115.48--------------3254.94 (the day's low)
10:16-----------111.40--------------3250.86
The market trades below the 3250 level as it gives up some of its gains and takes a breather from its strong run up.
10:27-----------102.05
10:29-----------100.17
10:30------------98.96
10:40------------92.74-------------3232.20
The PSEi moves in a narrow range for the rest of the trading session.
10:46------------90.98
10:48------------88.36
10:54------------87.57
10:55------------86.35
10:56------------85.93
11:05------------85.34------------3224.80
11:14------------90.81
11:16------------91.69
11:28------------93.11
11:38------------93.26------------3232.73
11:43------------86.91
11:48------------85.54------------3225.00
11:52------------89.40
11:56------------90.34
11:58------------92.30------------3231.76
12:01------------89.69------------3229.15 (+2.86%)
Market Close.
The chart gap at the 3222-3257 level almost closed.
Advancers 127
Decliners 13
Value turnover: PhP 5.005 bn
Cross transactions: PhP 1.754 bn
Sectoral Indices.
M-O +8.66%
Property +5.06%
Industrial +2.91%
Holdings +2.77%
Financial +2.46%
Services +1.12%
TOP GAINERS:
GOB: PhP 0.31; +47.62%
GO: PhP 0.31; +34.78%
LSC: PhP 1.50; +29.31%
BIGGEST DECLINERS:
ATI: PhP 4.20; -7.69%
FFI: PhP 6.90; -5.48%
MRC: PhP 0.61; -4.69%
Wednesday, August 22, 2007
The day's market - August 22, 2007
DOW JONES INDUSTRIAL AVERAGE (DJIA) - down 30.49 points and close at 13,090.86
PSEi previous close - 3167.52 (August 21, 2007)
time-----------down------------PSEi
9:31----------9.97-------------3157.55
9:32---------15.05
9:33---------15.53------------3159.99
9:36---------20.04------------3147.48
The 3150 level was broken. The market moves to lower levels.
9:37---------24.64
9:39---------25.02
9:41---------26.54
9:42---------29.89
9:45---------33.27
9:46---------34.49
9:47---------38.24
9:51---------38.78
9:35---------40.27-----------3127.25
9:54---------36.07
9:57---------35.69
10:00--------37.39
10:01--------38.83
10:12--------41.23
Advancers 18 Decliners 59
10:16--------42.73----------3124.79 (the day's low)
10:27--------32.82---------3134.70
Advancers 24 Decliners 57. As the smaller cap issues become more active, the market limits its losses and moves sideways below the 3150 level.
10:35--------30.79
10:36--------29.74
10:39--------28.06
10:40--------34.11
10:49--------33.59
11:10--------29.44
11:17--------24.63
11:21--------21.61
11:25--------17.49-----------3150.03
11:30--------24.52
11:37--------18.73
11:44--------20.00
11:48--------17.07
11:52--------29.40
11:55--------21.87
11:59--------29.12
12:01--------28.06---------3139.46 (-0.89%)
Market Close.
Advancers 47
Decliners 51
Value turnover: PhP 3.767 bn
Cross transactions: PhP 1.713 bn
Sectoral Indices.
Industrial +0.38%
Services -0.31%
Financial -0.33%
M-O -0.43%
Holdings -1.09%
Property -2.02%
Top Gainers
VITA: PhP 0.39; +50.00%
MHC: PhP 0.74; +42.31%
IMP: PhP 16.50; +22.22%
Biggest Decliners:
ACR: PhP 0.66; -12.00%
ATI: PhP 4.55; -7.14%
OV: PhP 0.017; -5.56%
PSEi previous close - 3167.52 (August 21, 2007)
time-----------down------------PSEi
9:31----------9.97-------------3157.55
9:32---------15.05
9:33---------15.53------------3159.99
9:36---------20.04------------3147.48
The 3150 level was broken. The market moves to lower levels.
9:37---------24.64
9:39---------25.02
9:41---------26.54
9:42---------29.89
9:45---------33.27
9:46---------34.49
9:47---------38.24
9:51---------38.78
9:35---------40.27-----------3127.25
9:54---------36.07
9:57---------35.69
10:00--------37.39
10:01--------38.83
10:12--------41.23
Advancers 18 Decliners 59
10:16--------42.73----------3124.79 (the day's low)
10:27--------32.82---------3134.70
Advancers 24 Decliners 57. As the smaller cap issues become more active, the market limits its losses and moves sideways below the 3150 level.
10:35--------30.79
10:36--------29.74
10:39--------28.06
10:40--------34.11
10:49--------33.59
11:10--------29.44
11:17--------24.63
11:21--------21.61
11:25--------17.49-----------3150.03
11:30--------24.52
11:37--------18.73
11:44--------20.00
11:48--------17.07
11:52--------29.40
11:55--------21.87
11:59--------29.12
12:01--------28.06---------3139.46 (-0.89%)
Market Close.
Advancers 47
Decliners 51
Value turnover: PhP 3.767 bn
Cross transactions: PhP 1.713 bn
Sectoral Indices.
Industrial +0.38%
Services -0.31%
Financial -0.33%
M-O -0.43%
Holdings -1.09%
Property -2.02%
Top Gainers
VITA: PhP 0.39; +50.00%
MHC: PhP 0.74; +42.31%
IMP: PhP 16.50; +22.22%
Biggest Decliners:
ACR: PhP 0.66; -12.00%
ATI: PhP 4.55; -7.14%
OV: PhP 0.017; -5.56%
Tuesday, August 21, 2007
The Philippine Stock Market surges 9.82%. - August 21, 2007
With the market closed yesterday, pent up buying immediately drove up the market. As asian markets also continued its recovery, investors got a huge boost in confidence.
PLDT ADRs was higher by $3.31 and $1.30 on Friday and Monday respectively to close at $53.84. PLDT closed at PhP 2295 on Friday.
PSEi previous close - 2884.34 (August 17, 2007)
time------------up--------------PSEi
9:31----------134.99-----------3019.33
The key 3000 level was immediately breached. PLDT opened at PhP 2400.
9:32----------156.76
9:33----------163.29
9:34----------173.48
9:34----------176.95
9:38----------177.06
9:40----------177.52
9:41----------182.09
9:47----------189.19
9:48----------191.31
9:49----------196.61
9:52----------203.69-----------3088.03
In less than half an hour, the market already gained 200 points. And the market was not yet through yet.
9:53----------204.21
9:57----------206.07
9:59----------206.88
10:00---------207.45
10:02---------210.36
10:03---------213.98
10:06---------214.38
10:07---------216.45-----------3100.79
The 3100 level is also breached.
10:09--------219.17
10:10--------222.79
10:12--------225.87
10:13--------227.21
10:14--------237.63
10:15--------245.82
10:16--------250.86
10:17--------253.78
10:20--------260.68-----------3144.99
The market consolidates at around the 3150 level for the next half hour or so.
10:22--------255.30-----------3139.64
10:24--------258.29
10:25--------260.56
10:26--------261.53
10:30--------266.64-----------3150.98
At the halfway point of the trading session, the market has already advanced by 9.25%
10:31--------267.49
10:33--------261.95
10:38--------264.06
10:47--------265.09
10:48--------266.61-----------3150.95
10:54--------262.23
11:02--------264.76
11:03--------266.14-----------3150.48
The market was able to hold on to its gains and the consolidation enabled the PSEi to advance to higher levels going into the final hour of trading.
11:04--------268.00-----------3152.34
11:06--------272.57
11:09--------273.25
11:12--------276.55
11:26--------277.20
11:30--------278.56
11:32--------280.06
11:36--------281.05
11:42--------282.77
11:49--------286.39
11:50--------286.82-----------3171.16 (the day's high)
12:01--------283.18-----------3167.52 (+9.82%)
Market Close.
Advancers 135
Decliners 8
There was no index issue decliner. PLDT close at PhP 2520.
Value turnover: PhP 5.650 bn
Cross transactions: PhP 1.390 bn
The market's advance is a very good step to its recovery. The 3000 key level has been broken convincingly and the day's gains were consolidated.
However, there is still mixed expectations whether the rally signals a turnaround (and momentum will carry the market higher) or just a technical bounce (and may succumb to an early bout of profit taking).
The huge advance today showed that the market still has its fundamental intact and what is just needed is investor confidence to be built up and sustained.
The chart gap at the 3106-3124 was closed. But today, a new gap was opened at the 2996-3019 levels.
The performance of the Dow Jones Industrial Average (DJIA) will be keenly watched.
Sectoral Indices rebounded strongly across-the-board.
M-O +11.98%
Holdings +10.88%
Industrial +10.24%
Services +9.55%
Property +9.02%
Financial +6.72%
The day's Top Gainers:
Stock-------Price(PhP)------ up (%)
EVER----------0.205---------28.12
PHES----------0.30----------25.00
NI------------9.10----------24.66
MIC-----------3.80----------24.59
GEO-----------1.32----------24.53
UPM-----------0.86----------22.86
POPI----------0.38----------22.58
PCP-----------0.34----------21.43
UW------------0.26----------20.93
COL----------10.75----------20.79
The day's Top Index Issue Gainers
Stock----------(% up)
JFC------------20.45%
MER------------18.92%
MERB-----------18.42%
LC-------------16.67%
AC-------------15.53%
MWC------------14.89%
SMPH-----------14.36%
MEG------------12.73%
HLCM-----------11.54%
BPI------------11.21%
PLDT ADRs was higher by $3.31 and $1.30 on Friday and Monday respectively to close at $53.84. PLDT closed at PhP 2295 on Friday.
PSEi previous close - 2884.34 (August 17, 2007)
time------------up--------------PSEi
9:31----------134.99-----------3019.33
The key 3000 level was immediately breached. PLDT opened at PhP 2400.
9:32----------156.76
9:33----------163.29
9:34----------173.48
9:34----------176.95
9:38----------177.06
9:40----------177.52
9:41----------182.09
9:47----------189.19
9:48----------191.31
9:49----------196.61
9:52----------203.69-----------3088.03
In less than half an hour, the market already gained 200 points. And the market was not yet through yet.
9:53----------204.21
9:57----------206.07
9:59----------206.88
10:00---------207.45
10:02---------210.36
10:03---------213.98
10:06---------214.38
10:07---------216.45-----------3100.79
The 3100 level is also breached.
10:09--------219.17
10:10--------222.79
10:12--------225.87
10:13--------227.21
10:14--------237.63
10:15--------245.82
10:16--------250.86
10:17--------253.78
10:20--------260.68-----------3144.99
The market consolidates at around the 3150 level for the next half hour or so.
10:22--------255.30-----------3139.64
10:24--------258.29
10:25--------260.56
10:26--------261.53
10:30--------266.64-----------3150.98
At the halfway point of the trading session, the market has already advanced by 9.25%
10:31--------267.49
10:33--------261.95
10:38--------264.06
10:47--------265.09
10:48--------266.61-----------3150.95
10:54--------262.23
11:02--------264.76
11:03--------266.14-----------3150.48
The market was able to hold on to its gains and the consolidation enabled the PSEi to advance to higher levels going into the final hour of trading.
11:04--------268.00-----------3152.34
11:06--------272.57
11:09--------273.25
11:12--------276.55
11:26--------277.20
11:30--------278.56
11:32--------280.06
11:36--------281.05
11:42--------282.77
11:49--------286.39
11:50--------286.82-----------3171.16 (the day's high)
12:01--------283.18-----------3167.52 (+9.82%)
Market Close.
Advancers 135
Decliners 8
There was no index issue decliner. PLDT close at PhP 2520.
Value turnover: PhP 5.650 bn
Cross transactions: PhP 1.390 bn
The market's advance is a very good step to its recovery. The 3000 key level has been broken convincingly and the day's gains were consolidated.
However, there is still mixed expectations whether the rally signals a turnaround (and momentum will carry the market higher) or just a technical bounce (and may succumb to an early bout of profit taking).
The huge advance today showed that the market still has its fundamental intact and what is just needed is investor confidence to be built up and sustained.
The chart gap at the 3106-3124 was closed. But today, a new gap was opened at the 2996-3019 levels.
The performance of the Dow Jones Industrial Average (DJIA) will be keenly watched.
Sectoral Indices rebounded strongly across-the-board.
M-O +11.98%
Holdings +10.88%
Industrial +10.24%
Services +9.55%
Property +9.02%
Financial +6.72%
The day's Top Gainers:
Stock-------Price(PhP)------ up (%)
EVER----------0.205---------28.12
PHES----------0.30----------25.00
NI------------9.10----------24.66
MIC-----------3.80----------24.59
GEO-----------1.32----------24.53
UPM-----------0.86----------22.86
POPI----------0.38----------22.58
PCP-----------0.34----------21.43
UW------------0.26----------20.93
COL----------10.75----------20.79
The day's Top Index Issue Gainers
Stock----------(% up)
JFC------------20.45%
MER------------18.92%
MERB-----------18.42%
LC-------------16.67%
AC-------------15.53%
MWC------------14.89%
SMPH-----------14.36%
MEG------------12.73%
HLCM-----------11.54%
BPI------------11.21%
Before the market opens - August 21, 2007
The Dow Jones Industrial Average (DJIA) surged by 233.30 (1.82%) points and ended at 13,079.08 on Friday after the US Federal Reserve lowers the discount rate from 6.25% to 5.75%. The move by the Fed is seen as a proactive stance in addressing the subprime woes currently plaguing the financial markets and has somehow boosted the confidence of investors.
Glogal equities markets rallied yesterday. The Philippine Stock Market was closed yesterday.
Last night the DJIA advanced further by a modest 42.27 (+0.32%) points to close at 13121.35.
Glogal equities markets rallied yesterday. The Philippine Stock Market was closed yesterday.
Last night the DJIA advanced further by a modest 42.27 (+0.32%) points to close at 13121.35.
Friday, August 17, 2007
The Philippine Stock Market still very volatile - August 17, 2007
Market comments:
BusinessWorld - August 17, 2007
The Dow Jones Industrial Average (DJIA) experienced very volatile trading as it was down around 200 points at one point in the trading session before recovering and limiting its losses to 15.69 points to close at 12845.78.
The local equities market got its initial confidence as WallStreet recovered from its early losses. The expected rebound ensued.
PSEi previous close - 2942.31 (August 16, 2007)
time-----------change---------------PSEi
9:31---------up 5.78-------------2948.09
9:32-----------14.31
9:33-----------21.84
9:35-----------23.78
9:38-----------34.67-------------2976.98
9:40-----------31.76-------------2974.07
9:41-----------33.51
9;42-----------36.98
9:43-----------40.35
9:42-----------42.37-------------2984.68
9:44-----------31.27-------------2973.58
9:48-----------35.52
9:50-----------37.09
9:52-----------45.36-------------2987.67
A little confidence seems to have been built up and the market tries to move higher.
9:56----------48.92
9:57----------49.49
9:59----------51.77
10:00---------53.84--------------2996.15 (day's high)
There was an attempt to test the 3000 level but it fell short. Bargain hunters were quick to take profits. This selling pressure however started an avalanch and soon overwhelmed the market.
10:04---------49.15
10:04---------48.35
10:07---------43.56
10:18---------37.59
10:22---------28.44
10:23---------24.13
10:30---------23.63
10:34---------19.40
10:36---------17.05
10:37---------16.77
10:38---------14.71
10:41---------10.51
10:43----------8.29
10:44----------6.71
10:45----------6.43
10:54----------0.99
10:56----------0.88
The market tries to stay in positive territory.
10:57-----down 2.35
10:59-------up 2.02
11:01----down 0.03
With still an hour of trading to go and the positive sentiment totally wiped out, the bears again took over the market. The decline accelerates.
Investors continued to opt for cash especially with the long weekend ahead.
11:02-----down 6.97
11:05----------7.64
11:10----------9.60
11:11---------14.63
11:12---------15.08
11:13---------20.40
11:14---------21.55
11:15---------22.99
11:20---------28.87
11:21---------30.27
11:23---------30.30
11:27---------32.75
11:29---------33.79
11:30---------36.02
11:34---------42.52----------2899.79
The 2900 level was broken.
11:39---------46.18
11:41---------47.30
11:42---------48.78
11:45---------50.17
11:53---------50.55
11:55---------56.11
11:56---------63.84
11:57---------67.32----------2874.99 (day's low)
11:59---------58.04
12:01---------57.97----------2884.34 (-1.97%)
Market Close.
The market rebounded from oversold level to test the 3,000 level.
But investors remain jittery and again turned to selling ahead of the weekend.They are wary of the uncertainty this long trading lull would bring.
The 2880-2900 support level was hit. The Chart gap at the 2886-2901 level opened last Dec 27-28, 2006 was closed.
Advancers 21
Decliners 109
Value turnover PhP 5.622 bn
Cross tranactions: PhP 2.086 bn
There was a block sale of 456,811,000 shares of VLL at PhP 6.85 for a total value of PhP 3.129 bn
Sectoral Indices
Services +0.73%
Financial -1.86%
Property -2.94%
Holdings -3.80%
Industrial -4.30%
M-O -6.38%
The week that was.
TOP GAINERS:
1. ATNB: PhP3.35;+37.30%
2. CAC: PhP1.42;+31.48%
3. ATN: PhP2.85; +29.55%
WORST DECLINERS:
1. MIC: PhP3.05; -42.45%
2. GOB: PhP0.21; -41.67%
3. RLT: PhP0.34; -38.18%
VALUE TURNOVER:
1. TEL: PhP1,800 mn (close: PhP2.295; -10.18%)
2. EDC: PhP1,523 mn (close: PhP6.00; -4.76%)
3. MBT: PhP932 mn (close: PhP49.00; -14.78%)
------------------Last week-----This week------(+/-)------(CHNG)
PHISIX---------3,281.96-----2,884.34----(-397.62)----(-12.11%)
HOLDINGS------1,842.32----1,593.25----(-249.07)----(-13.51%)
INDUSTRIAL----4,635.36----3,951.80----(-683.56)----(-14.74%)
PROPERTY------1,508.79----1,310.93----(-197.86)----(-13.11%)
FINANCIAL-----894.09--------791.76----(-102.33)----(-11.44%)
MINING-OIL----5,611.86----4,472.15----(-1139.71)----(-20.31%)
ALL SHARES----2,109.70----1,865.22----(-244.48)----(-11.58%)
Thursday, August 16, 2007
The Philippine Stock Market falls more than 6% and breaks below 3000
As the Dow Jones Industrial Average (DJIA) posted another triple digit drop of 167.45 (-1.29%) points and broke below the 13,000 level (closed at 12,861.47), the local equities market shifted to panic mode. There was an overwhelming flood of selling activity as investors sought to cash out.
The sub-prime loans debacle has spread to financial institutions and its extent still gives uncertainty to financial markets. Asian markets were down as world equities markets suffered from this phenomenon which is becoming global.
The day saw a continous and steep downward spiral of the Philippine Stock Exchange Index (PSEi) as emotional selling ruled the market.
PSEi previous close - 3130.34 (August 15, 2007)
time---------------down---------------PSEi
9:31--------------23.93--------------3106.41
9:32--------------25.45
9:33--------------30.28--------------3100.26
9:34--------------30.78--------------3099.56
A weak attempt was made to stay above 3100.
9:35--------------24.76--------------3105.58
But sellers just continued to execute their orders.
9:36--------------33.65
9:38--------------36.41
9:39--------------38.57
9:40--------------40.70--------------3089.64
The 3090-3127 chart gap was closed. But this does not stop the freefall that followed.
9:43--------------43.20
9:45--------------46.35
9:47--------------48.54
9:48--------------48.87
9:49--------------49.38
9:50--------------54.47
9:51--------------59.93
9:52--------------61.62
9:53--------------62.29
9:54--------------65.58
9:57--------------70.81
9:59--------------74.73
10:00-------------77.69
10:01-------------80.32
10:02-------------88.56
10:03-------------91.34
10:05------------101.29
10:07------------103.05
10:08------------106.26
10:10------------107.59
10:12------------112.82
10:14------------113.55
10:15------------114.75
10:17------------120.63
10:18------------121.47
10:19------------122.04
10:21------------126.31------------3003.73
10:23------------135.71------------2994.63
The key 3000 level was broken. The market tries to stay near this level in the next hour.
10:24------------136.07
10:27------------134.03
10:29------------132.37
10:30------------131.58------------2998.76
10:32------------136.74------------2993.60
10:34------------133.52
10:39------------128.09
10:41------------127.58------------3002.76
10:42------------132.74
10:48------------130.01
10:55------------133.70
11:01------------131.65
11:05------------129.90
11:10------------135.00
11:15------------133.98
11:16------------128.22
11:20------------135.59
11:23------------138.31-------------2992.03
Advancers 2 Decliners 143. The market resumed its downward trajectory.
11:25------------141.91
11:26------------142.26
11:27------------142.86
11:30------------144.68
11:31------------146.22
11:32------------146.71
11:36------------150.50
11:37------------153.08
11:38------------155.19
11:39------------156.37
11:41------------157.82
11:48------------165.38--------------2965.46
This is the lowest level hit since March 6, 2007
11:50------------171.59
11:52------------173.59
11:53------------174.21
11:54------------177.37
11:57------------183.44
11:58------------185.31
11:59------------186.00
12:01------------188.03-------------2942.31 (-6.01%)
Market Close.
The market just hit year low-levels. The year-end 2006 close of the PSEi is at 2982.54
The PSEi is now almost 23% down from its high at 3,820 reached just a month ago (July 13, 2007). In comparison, the DJIA is just down more than 8% from its high of 14,020 on July 17, 2007. The local equities market is down nearly 10% in the past two trading days alone.
Support is seen at the 2880-2900 level.
There are several chart gaps left opened when the market dropped the past two days. One is at the 3222-3257 levels and the other one at the 3106-3124 levels was opened at this mornings trade.
If WallStreet stabilizes, a bounce may be expected in the near term. Select second and thirdliner issues which has completely retraced may provide opportunities.
Advancers 6
Decliners 143
Value turnover: PhP 4.984 bn
Cross transactions: PhP 1.222 bn
Sectoral Indices again dropped steeply across-the-board.
M-O -8.31%
Services -7.21%
Industrial -6.21%
Property -5.37%
Holdings -4.20%
Financial -4.17%
TOP GAINERS:
1. ATNB: PhP3.00; +9.09%
2. CSB: PhP23.25; +4.49%
3. ATN: PhP2.75; +3.77%
WORST DECLINERS:
1. KEP: PhP1.40; -21.35%
2. SFI: PhP0.46; -20.69%
3. RLT: PhP0.37; -19.57%
4. AJO: PhP0.070; -17.65%
5. FED: PhP9.70; -17.45%
6. KPHB: PhP2.00; -16.67%
7. REG: PhP1.60; -15.79%
8. ISM: PhP0.027; -15.63%
9. MRC: PhP0.50; -15.25%
10. MIC: PhP3.75; -14.77%
11. WIN: PhP0.29; -14.71%
12. APC: PhP0.56; -13.85%
VALUE TURNOVER:
1. EDC: PhP595 mn (close: PhP6.00; -1.64%)
2. SMPH: PhP 286 mn (close PhP9.50; -5.00%)
3. TEL: PhP244 mn (close PhP2,270.00; -7.91%%)
VOLUME TURNOVER:
1. OV: 1,650 mn (close: PhP0.017; -5.56%)
2. OPM: 558 mn (close PhP0.016; -11.11%)
3. OM: 406 mn (close PhP0.012; unch)
The sub-prime loans debacle has spread to financial institutions and its extent still gives uncertainty to financial markets. Asian markets were down as world equities markets suffered from this phenomenon which is becoming global.
The day saw a continous and steep downward spiral of the Philippine Stock Exchange Index (PSEi) as emotional selling ruled the market.
PSEi previous close - 3130.34 (August 15, 2007)
time---------------down---------------PSEi
9:31--------------23.93--------------3106.41
9:32--------------25.45
9:33--------------30.28--------------3100.26
9:34--------------30.78--------------3099.56
A weak attempt was made to stay above 3100.
9:35--------------24.76--------------3105.58
But sellers just continued to execute their orders.
9:36--------------33.65
9:38--------------36.41
9:39--------------38.57
9:40--------------40.70--------------3089.64
The 3090-3127 chart gap was closed. But this does not stop the freefall that followed.
9:43--------------43.20
9:45--------------46.35
9:47--------------48.54
9:48--------------48.87
9:49--------------49.38
9:50--------------54.47
9:51--------------59.93
9:52--------------61.62
9:53--------------62.29
9:54--------------65.58
9:57--------------70.81
9:59--------------74.73
10:00-------------77.69
10:01-------------80.32
10:02-------------88.56
10:03-------------91.34
10:05------------101.29
10:07------------103.05
10:08------------106.26
10:10------------107.59
10:12------------112.82
10:14------------113.55
10:15------------114.75
10:17------------120.63
10:18------------121.47
10:19------------122.04
10:21------------126.31------------3003.73
10:23------------135.71------------2994.63
The key 3000 level was broken. The market tries to stay near this level in the next hour.
10:24------------136.07
10:27------------134.03
10:29------------132.37
10:30------------131.58------------2998.76
10:32------------136.74------------2993.60
10:34------------133.52
10:39------------128.09
10:41------------127.58------------3002.76
10:42------------132.74
10:48------------130.01
10:55------------133.70
11:01------------131.65
11:05------------129.90
11:10------------135.00
11:15------------133.98
11:16------------128.22
11:20------------135.59
11:23------------138.31-------------2992.03
Advancers 2 Decliners 143. The market resumed its downward trajectory.
11:25------------141.91
11:26------------142.26
11:27------------142.86
11:30------------144.68
11:31------------146.22
11:32------------146.71
11:36------------150.50
11:37------------153.08
11:38------------155.19
11:39------------156.37
11:41------------157.82
11:48------------165.38--------------2965.46
This is the lowest level hit since March 6, 2007
11:50------------171.59
11:52------------173.59
11:53------------174.21
11:54------------177.37
11:57------------183.44
11:58------------185.31
11:59------------186.00
12:01------------188.03-------------2942.31 (-6.01%)
Market Close.
The market just hit year low-levels. The year-end 2006 close of the PSEi is at 2982.54
The PSEi is now almost 23% down from its high at 3,820 reached just a month ago (July 13, 2007). In comparison, the DJIA is just down more than 8% from its high of 14,020 on July 17, 2007. The local equities market is down nearly 10% in the past two trading days alone.
Support is seen at the 2880-2900 level.
There are several chart gaps left opened when the market dropped the past two days. One is at the 3222-3257 levels and the other one at the 3106-3124 levels was opened at this mornings trade.
If WallStreet stabilizes, a bounce may be expected in the near term. Select second and thirdliner issues which has completely retraced may provide opportunities.
Advancers 6
Decliners 143
Value turnover: PhP 4.984 bn
Cross transactions: PhP 1.222 bn
Sectoral Indices again dropped steeply across-the-board.
M-O -8.31%
Services -7.21%
Industrial -6.21%
Property -5.37%
Holdings -4.20%
Financial -4.17%
TOP GAINERS:
1. ATNB: PhP3.00; +9.09%
2. CSB: PhP23.25; +4.49%
3. ATN: PhP2.75; +3.77%
WORST DECLINERS:
1. KEP: PhP1.40; -21.35%
2. SFI: PhP0.46; -20.69%
3. RLT: PhP0.37; -19.57%
4. AJO: PhP0.070; -17.65%
5. FED: PhP9.70; -17.45%
6. KPHB: PhP2.00; -16.67%
7. REG: PhP1.60; -15.79%
8. ISM: PhP0.027; -15.63%
9. MRC: PhP0.50; -15.25%
10. MIC: PhP3.75; -14.77%
11. WIN: PhP0.29; -14.71%
12. APC: PhP0.56; -13.85%
VALUE TURNOVER:
1. EDC: PhP595 mn (close: PhP6.00; -1.64%)
2. SMPH: PhP 286 mn (close PhP9.50; -5.00%)
3. TEL: PhP244 mn (close PhP2,270.00; -7.91%%)
VOLUME TURNOVER:
1. OV: 1,650 mn (close: PhP0.017; -5.56%)
2. OPM: 558 mn (close PhP0.016; -11.11%)
3. OM: 406 mn (close PhP0.012; unch)
Wednesday, August 15, 2007
Invitation to be a Speaker (postponed)
Got an invitation some time last month from St. Paul University of Manila to be a Speaker on "Investing in the Stock Market". It was scheduled for tomorrow; but just got word that it has been indefinitely postponed due to the cancellation if classes because of the typhoon.
The Philippine Stock market falls by more than 4% as WallStreet drops more than 200 points
Market Comment / Quotes from an interview:
............." Investors are reluctant to take positions because of heightened risk that what they buy now may lead to losses tomorrow"....................
..........."Investors prefer to cash out as much as possible because they are worried about the size of the impact of subprime loan losses on financial markets'............"Stocks with good earnings and solid fundamentals are getting some favor"................
BusinessMirror - August 15, 2007
The Dow Jones Industrial Average dropped by 207.61 (-1.57%) points to end at 13028.92. This set the local equities market immediately on a freefall.
PSEi previous close - 3263.56 (August 14, 2007)
time------------down--------------PSEi
9:31-----------40.79--------------3222.77
9:32-----------47.64
9:34-----------58.21
9:35-----------59.26
9:37-----------60.48
9:38-----------63.06-------------3200.50
The 3200 level was immediately broken.
9:39-----------65.42
9:43-----------68.66
9:44-----------69.38
9:47-----------73.55
9:49-----------74.03
9:51-----------75.63
9:53-----------76.02
9:56-----------85.08-------------3178.48
There was still no stopping the swelling tide of selling orders.
9:59-----------89.02
10:01----------91.67
10:03----------96.60
10:04----------97.54
10:08----------98.61
10:09----------99.57
10:12---------100.34-------------3163.22
The decline already reached the century-point mark and there is still no sign of a recovery or a hint of a rebound.
10:13---------100.88
10:15---------101.44
10:17---------104.52
10:19---------106.92
10:20---------107.60
10:24---------109.61
10:25---------113.05
10:25---------114.04-------------3149.52
For the next half hour or so, the market moved sideways near the 3150 level.
10:28---------109.20------------3154.36
10:29---------110.13
10:33---------111.78
10:34---------115.45------------3148.11
10:39---------113.79
10:45---------115.08
10:46---------115.95
10:47---------116.53
10:53---------117.65------------3145.91
10:58---------114.00
11:02---------115.83
11:03---------117.05
11:05---------118.46-----------3145.10
At this point, Decliners outnumbered Gainers 122 to 6. The market even dropped lower for the rest of the trading session as blue chip and index issues continue to fall under selling pressure.
11:08---------121.75
11:13---------121.87
11:14---------125.16
11:17---------127.10
11:20---------128.45
11:22---------129.78
11:23---------130.10
11:24---------132.83---------3130.73
Advancers 4 Decliners 130
11:26--------133.54
11:27--------134.63
11:32--------135.12
11:33--------135.60
11:33--------136.81
11:38--------138.64-----------3124.92 (day's low)
Advancers 5 Decliners 133
11:39--------134.70
11:46--------130.57
11:48--------129.36
11:49--------127.05
11:50--------126.33------------3137.23
11:54--------129.58
11:55--------135.00
11:56--------135.85
11:57--------136.59
11:58--------137.38
12:01--------133.22-----------3130.34 (-4.08%)
Market Close.
Advancers 6
Decliners 131
Value turnover PhP 4.042 bn
Cross transactions: phP 1.621 bn
The PSEi now is attempting to close the chart gap at the 3090-3127 levels opened last March 20-21, 2007. Index issues are still experiencing bouts of selling and may keep on weighing the market.
Select second and thirdliner issues did not touch or even come near the lows they reached last August 6, 2007 (when the PSEi closed at 3256.99 and was even higher than today's levels). This may indicate some kind of support on the smaller cap stocks.
Sectoral Indices fell across-the-board.
M-O -5.75%
Holdings -5.04%
Industrial -4.18%
property -4.11%
Services -4.10%
Financial -3.02%
TOP GAINERS:
1. ATN: PhP2.65; +18.30%
2. ATSP: PhP2.70; +8.00%
3. DFNN: PhP0.40; +4.17%
WORST DECLINERS:
1. GOB: PhP0.185; -38.33%
2. MUSX: PhP1.20; -11.76%
3. IMP: PhP15.00; -11.76%
4. MAB: PhP0.023; -11.54%
5. SOC: PhP1.20; -10.45%
6. AP: PhP4.35; -10.31%
7. SHNG: PhP2.70; -10.00%
VALUE TURNOVER:
1. EDC: PhP435 mn (close: PhP6.10; -3.17%)
2. TEL: PhP 411 mn (close PhP2,465.00; -4.46%)
3. AC: PhP298 mn (close PhP432.50; -5.46%%)
VOLUME TURNOVER:
1. OV: 495 mn (close: PhP0.018; -5.26%)
2. AR: 419 mn (close PhP0.0095; -5.00%)
3. OPM: 209 mn (close PhP0.018; -5.26%)
There was no index gainer.
BIGGEST INDEX ISSUE DECLINERS:
1. MAB: PhP0.023; -11.54%
2. FPH: PhP70.00; -7.89%
3. SM: PhP332.50; -6.99%
4. BEL: PhP 1.18; -6.35%
5. FGEN: PhP57.50; -5.74%
6. AC: PhP432.50; -5.46%
7. MERB: PhP88.00; -5.38%
8. PX: PhP 5.30; -5.36%
9. MWC:PhP 13.50; -5.26%
10. HLCM: PhP5.70; -5.00%
............." Investors are reluctant to take positions because of heightened risk that what they buy now may lead to losses tomorrow"....................
..........."Investors prefer to cash out as much as possible because they are worried about the size of the impact of subprime loan losses on financial markets'............"Stocks with good earnings and solid fundamentals are getting some favor"................
BusinessMirror - August 15, 2007
The Dow Jones Industrial Average dropped by 207.61 (-1.57%) points to end at 13028.92. This set the local equities market immediately on a freefall.
PSEi previous close - 3263.56 (August 14, 2007)
time------------down--------------PSEi
9:31-----------40.79--------------3222.77
9:32-----------47.64
9:34-----------58.21
9:35-----------59.26
9:37-----------60.48
9:38-----------63.06-------------3200.50
The 3200 level was immediately broken.
9:39-----------65.42
9:43-----------68.66
9:44-----------69.38
9:47-----------73.55
9:49-----------74.03
9:51-----------75.63
9:53-----------76.02
9:56-----------85.08-------------3178.48
There was still no stopping the swelling tide of selling orders.
9:59-----------89.02
10:01----------91.67
10:03----------96.60
10:04----------97.54
10:08----------98.61
10:09----------99.57
10:12---------100.34-------------3163.22
The decline already reached the century-point mark and there is still no sign of a recovery or a hint of a rebound.
10:13---------100.88
10:15---------101.44
10:17---------104.52
10:19---------106.92
10:20---------107.60
10:24---------109.61
10:25---------113.05
10:25---------114.04-------------3149.52
For the next half hour or so, the market moved sideways near the 3150 level.
10:28---------109.20------------3154.36
10:29---------110.13
10:33---------111.78
10:34---------115.45------------3148.11
10:39---------113.79
10:45---------115.08
10:46---------115.95
10:47---------116.53
10:53---------117.65------------3145.91
10:58---------114.00
11:02---------115.83
11:03---------117.05
11:05---------118.46-----------3145.10
At this point, Decliners outnumbered Gainers 122 to 6. The market even dropped lower for the rest of the trading session as blue chip and index issues continue to fall under selling pressure.
11:08---------121.75
11:13---------121.87
11:14---------125.16
11:17---------127.10
11:20---------128.45
11:22---------129.78
11:23---------130.10
11:24---------132.83---------3130.73
Advancers 4 Decliners 130
11:26--------133.54
11:27--------134.63
11:32--------135.12
11:33--------135.60
11:33--------136.81
11:38--------138.64-----------3124.92 (day's low)
Advancers 5 Decliners 133
11:39--------134.70
11:46--------130.57
11:48--------129.36
11:49--------127.05
11:50--------126.33------------3137.23
11:54--------129.58
11:55--------135.00
11:56--------135.85
11:57--------136.59
11:58--------137.38
12:01--------133.22-----------3130.34 (-4.08%)
Market Close.
Advancers 6
Decliners 131
Value turnover PhP 4.042 bn
Cross transactions: phP 1.621 bn
The PSEi now is attempting to close the chart gap at the 3090-3127 levels opened last March 20-21, 2007. Index issues are still experiencing bouts of selling and may keep on weighing the market.
Select second and thirdliner issues did not touch or even come near the lows they reached last August 6, 2007 (when the PSEi closed at 3256.99 and was even higher than today's levels). This may indicate some kind of support on the smaller cap stocks.
Sectoral Indices fell across-the-board.
M-O -5.75%
Holdings -5.04%
Industrial -4.18%
property -4.11%
Services -4.10%
Financial -3.02%
TOP GAINERS:
1. ATN: PhP2.65; +18.30%
2. ATSP: PhP2.70; +8.00%
3. DFNN: PhP0.40; +4.17%
WORST DECLINERS:
1. GOB: PhP0.185; -38.33%
2. MUSX: PhP1.20; -11.76%
3. IMP: PhP15.00; -11.76%
4. MAB: PhP0.023; -11.54%
5. SOC: PhP1.20; -10.45%
6. AP: PhP4.35; -10.31%
7. SHNG: PhP2.70; -10.00%
VALUE TURNOVER:
1. EDC: PhP435 mn (close: PhP6.10; -3.17%)
2. TEL: PhP 411 mn (close PhP2,465.00; -4.46%)
3. AC: PhP298 mn (close PhP432.50; -5.46%%)
VOLUME TURNOVER:
1. OV: 495 mn (close: PhP0.018; -5.26%)
2. AR: 419 mn (close PhP0.0095; -5.00%)
3. OPM: 209 mn (close PhP0.018; -5.26%)
There was no index gainer.
BIGGEST INDEX ISSUE DECLINERS:
1. MAB: PhP0.023; -11.54%
2. FPH: PhP70.00; -7.89%
3. SM: PhP332.50; -6.99%
4. BEL: PhP 1.18; -6.35%
5. FGEN: PhP57.50; -5.74%
6. AC: PhP432.50; -5.46%
7. MERB: PhP88.00; -5.38%
8. PX: PhP 5.30; -5.36%
9. MWC:PhP 13.50; -5.26%
10. HLCM: PhP5.70; -5.00%
Tuesday, August 14, 2007
The day's market - August 14, 2007
The Dow Jones Industrial Average (DJIA) was up in early trade but a late sell-off had it giving back its gains. It even ended lower by 3.01 points to close at 13236.53.
The Philippine Stock Market continues to track the US equities market; and today it also mirrored its movement. Just like in WallStreet, the local equities market opened on the upside but a selldown had it closing lower by 3 points.
PSEi previous close - 3267.03 (August 13, 2007)
time-------------change------------PSEi
9:31-----------up 4.00-------------3271.03
9:32-------------11.61
9:33-------------12.83
9:38-------------13.06-----------3280.09
9:40----------up 11.84
9:41-------------10.63
9:44--------------8.96
9:53--------------8.30------------3275.33
10:01--------up 13.14
10:07-----------15.59
10:12-----------16.10
10:17-----------16.31-------------3283.34
10:18--------up 13.48
10:19------------8.49
10:20--------up 12.30
10:21------------13.40
10:28------------13.88
10:34------------17.09-----------3284.12
10:37--------up 11.32------------3278.35
10:44-----------17.10------------3284.13 (the day's high)
10:46--------up 8.26
10:48----------12.50
At this point, you get the feeling that the market is going to move to negative territory.
10:50-------up 8.12
11:02----------6.43
11:03----------6.03-------------3273.06
11:05-------up 11.94
11:07----------13.93
11:09----------14.10------------3281.13
11:20-------up 5.58
11:23----------4.87-------------3271.90
11:24-------up 8.87-------------3275.90
A last ditch attempt to keep the day's gains, but investor sentiment has already reversed and the selling continues.
11:25------up 3.93
11:27---------2.67
11:34---------0.20-------------3267.23
The market now trades lower.
11:36----down 1.32
11:37----------1.80
11:38----------3.37
11:41----------9.67-------------3257.36 (the day's low)
11:43----down 5.26
11:46----------2.65
11:48----------1.55-------------3265.48
The market fails to go back into the black.
11:53----down 5.03
11:55----------7.36
12:01----------3.47-------------3263.56 (-0.11%)
Market Close.
Advancers 34
Decliners 85
Value turnover PhP 3.333bn
Cross transactions PhP 1.516 bn
Sectoral Indices.
Services +0.73%
Holdings +0.05%
Industrial -0.25%
M-O -0.72%
Property -0.78%
Financial -1.89%
Top Gainers
CAC PhP 1.42; +31.48%
PCKH PhP 8.40; +12.00%
ATNB PhP 2.75; +10.00%
DHC PhP 9.00; +10.00%
Biggest Decliners
ECP PhP 4.00; -35.48%
MHC PhP 0.52; -21.21%
GOB PhP 0.30; -16.67%
JOH PhP 1.60; -11.11%
Treasury-Bills moved up in yesterday's auction.
91-day T-bill up 8.6 basis points to 3.711%
182-day T-bill up 12.6 basis points to 4.765% (from 4.639%)
One -year T- bill up 16.9 basis points to 5.607% (from 5.438%)
The Philippine Stock Market continues to track the US equities market; and today it also mirrored its movement. Just like in WallStreet, the local equities market opened on the upside but a selldown had it closing lower by 3 points.
PSEi previous close - 3267.03 (August 13, 2007)
time-------------change------------PSEi
9:31-----------up 4.00-------------3271.03
9:32-------------11.61
9:33-------------12.83
9:38-------------13.06-----------3280.09
9:40----------up 11.84
9:41-------------10.63
9:44--------------8.96
9:53--------------8.30------------3275.33
10:01--------up 13.14
10:07-----------15.59
10:12-----------16.10
10:17-----------16.31-------------3283.34
10:18--------up 13.48
10:19------------8.49
10:20--------up 12.30
10:21------------13.40
10:28------------13.88
10:34------------17.09-----------3284.12
10:37--------up 11.32------------3278.35
10:44-----------17.10------------3284.13 (the day's high)
10:46--------up 8.26
10:48----------12.50
At this point, you get the feeling that the market is going to move to negative territory.
10:50-------up 8.12
11:02----------6.43
11:03----------6.03-------------3273.06
11:05-------up 11.94
11:07----------13.93
11:09----------14.10------------3281.13
11:20-------up 5.58
11:23----------4.87-------------3271.90
11:24-------up 8.87-------------3275.90
A last ditch attempt to keep the day's gains, but investor sentiment has already reversed and the selling continues.
11:25------up 3.93
11:27---------2.67
11:34---------0.20-------------3267.23
The market now trades lower.
11:36----down 1.32
11:37----------1.80
11:38----------3.37
11:41----------9.67-------------3257.36 (the day's low)
11:43----down 5.26
11:46----------2.65
11:48----------1.55-------------3265.48
The market fails to go back into the black.
11:53----down 5.03
11:55----------7.36
12:01----------3.47-------------3263.56 (-0.11%)
Market Close.
Advancers 34
Decliners 85
Value turnover PhP 3.333bn
Cross transactions PhP 1.516 bn
Sectoral Indices.
Services +0.73%
Holdings +0.05%
Industrial -0.25%
M-O -0.72%
Property -0.78%
Financial -1.89%
Top Gainers
CAC PhP 1.42; +31.48%
PCKH PhP 8.40; +12.00%
ATNB PhP 2.75; +10.00%
DHC PhP 9.00; +10.00%
Biggest Decliners
ECP PhP 4.00; -35.48%
MHC PhP 0.52; -21.21%
GOB PhP 0.30; -16.67%
JOH PhP 1.60; -11.11%
Treasury-Bills moved up in yesterday's auction.
91-day T-bill up 8.6 basis points to 3.711%
182-day T-bill up 12.6 basis points to 4.765% (from 4.639%)
One -year T- bill up 16.9 basis points to 5.607% (from 5.438%)
Monday, August 13, 2007
Market volatility still hounds investors - August 13, 2007
The Dow Jones Industrial Average (DJIA) on Friday was down by more than 200 points at one point; before rebounding to limit its losses to 31.14 (-0.23%) points and close at 13,239.54. Even with the US Federal Reserve and European Central Bank infusing much needed liquidity into the markets, worries on the extent and possible contagion of US sub-prime home lendings continue to rattle investors. Even acquisitions and mergers which had been driving up WallStreet the past months, are now affected because of credit concerns.
All these factors now weigh on the local equities market.
PSEi previous close - 3281.96 (August 10, 2007)
time------------change----------PSEi
9:31----------down 2.09---------3279.87
9:32---------------4.28
9:35---------------0.43
9:38-----------up 10.55---------3292.51
9:40--------------13.32
9:41--------------14.02
9:44--------------16.38
9:55--------------18.25---------3300.21
The 3300 level was breached and the market tries to advance some more.
9:59----------up 23.77
10:07------------26.01
10:10------------27.44
10:13------------28.28-----------3310.24 (day's high)
The market still lacked the much needed confidence to sustain a rebound.
10:16---------up 24.37
10:20------------21.29
10:26------------21.15
10:31------------20.49
10:34------------17.84-----------3299.80
The market moves lower than the 3300 level.
10:38---------up 16.56
10:41------------15.04
10:42------------13.44
10:46------------12.50
10:47------------10.89-----------3292.85
Another attempt to go over the 3300 level is made.
10:57---------up 13.34
11:02------------16.10-----------3298.06
Failing to hurdle the 3300 level again, the market trends lower.
11:08---------up 14.39
11:29------------11.17
11:26-------------7.74
11:33-------------5.63
11:35-------------5.26
11:36-------------2.04
11:38-------------0.38
The market fails to hold on to its day's gains and moves into negative territory.
11:39-------down 1.48------------3280.48
11:40------------2.19
11:42------------5.62
11:44------------8.19
11:45------------9.35
11:55-----------11.26
11:58-----------13.52
12:01-----------14.93------------3267.03 (-0.45%)
Market Close.
The Philippine Stock Market closed at its day's low. Its movement is still very unpredictable and the volatility scares off investors because of uncertainty it gives. Not only does sentiment vary day-to-day but within the half-day trading session itself; the mood of the market can suddenly reverse and catch investors off-guard.
Advancers 28
Decliners 83
Value turnover: PhP 3.711 bn
Cross transactions: PhP 1.596 bn
Block Sales: PhP 308 mn
Sectoral Indices:
Services +0.25%
Property -0.56%
Industrial -0.62%
M-O -0.79%
Financial -1.03%
Holdings -1.24%
TOP GAINERS:
1. ATRK: PhP4.50; +18.42%
2. T: PhP14.25; +9.62%
3. RFM: PhP1.60; +6.67%
WORST DECLINERS:
1. AB: PhP5.80; -37.63%
2. DIZ: PhP3.30; -16.46%
3. ZHI: PhP0.60; -14.29%
4. FAF: PhP0.95; -12.04%
5. GO: PhP 0.27; -10.00%
VALUE TURNOVER:
1. MAC: PhP494 mn (close: PhP4.80; -2.04%)
2. TEL: PhP 263 mn (close PhP2570.00; +0.59%)
3. MBT: PhP162 mn (close PhP58.00; +0.87%%)
VOLUME TURNOVER:
1. OPM: 462 mn (close: PhP0.018; -5.26%)
2. OV: 453 mn (close PhP0.019; -5.00%)
3. MA: 181 mn (close PhP0.022; -4.35%)
All these factors now weigh on the local equities market.
PSEi previous close - 3281.96 (August 10, 2007)
time------------change----------PSEi
9:31----------down 2.09---------3279.87
9:32---------------4.28
9:35---------------0.43
9:38-----------up 10.55---------3292.51
9:40--------------13.32
9:41--------------14.02
9:44--------------16.38
9:55--------------18.25---------3300.21
The 3300 level was breached and the market tries to advance some more.
9:59----------up 23.77
10:07------------26.01
10:10------------27.44
10:13------------28.28-----------3310.24 (day's high)
The market still lacked the much needed confidence to sustain a rebound.
10:16---------up 24.37
10:20------------21.29
10:26------------21.15
10:31------------20.49
10:34------------17.84-----------3299.80
The market moves lower than the 3300 level.
10:38---------up 16.56
10:41------------15.04
10:42------------13.44
10:46------------12.50
10:47------------10.89-----------3292.85
Another attempt to go over the 3300 level is made.
10:57---------up 13.34
11:02------------16.10-----------3298.06
Failing to hurdle the 3300 level again, the market trends lower.
11:08---------up 14.39
11:29------------11.17
11:26-------------7.74
11:33-------------5.63
11:35-------------5.26
11:36-------------2.04
11:38-------------0.38
The market fails to hold on to its day's gains and moves into negative territory.
11:39-------down 1.48------------3280.48
11:40------------2.19
11:42------------5.62
11:44------------8.19
11:45------------9.35
11:55-----------11.26
11:58-----------13.52
12:01-----------14.93------------3267.03 (-0.45%)
Market Close.
The Philippine Stock Market closed at its day's low. Its movement is still very unpredictable and the volatility scares off investors because of uncertainty it gives. Not only does sentiment vary day-to-day but within the half-day trading session itself; the mood of the market can suddenly reverse and catch investors off-guard.
Advancers 28
Decliners 83
Value turnover: PhP 3.711 bn
Cross transactions: PhP 1.596 bn
Block Sales: PhP 308 mn
Sectoral Indices:
Services +0.25%
Property -0.56%
Industrial -0.62%
M-O -0.79%
Financial -1.03%
Holdings -1.24%
TOP GAINERS:
1. ATRK: PhP4.50; +18.42%
2. T: PhP14.25; +9.62%
3. RFM: PhP1.60; +6.67%
WORST DECLINERS:
1. AB: PhP5.80; -37.63%
2. DIZ: PhP3.30; -16.46%
3. ZHI: PhP0.60; -14.29%
4. FAF: PhP0.95; -12.04%
5. GO: PhP 0.27; -10.00%
VALUE TURNOVER:
1. MAC: PhP494 mn (close: PhP4.80; -2.04%)
2. TEL: PhP 263 mn (close PhP2570.00; +0.59%)
3. MBT: PhP162 mn (close PhP58.00; +0.87%%)
VOLUME TURNOVER:
1. OPM: 462 mn (close: PhP0.018; -5.26%)
2. OV: 453 mn (close PhP0.019; -5.00%)
3. MA: 181 mn (close PhP0.022; -4.35%)
Saturday, August 11, 2007
The week that was - August 6-10, 2007
TOP GAINERS:
1. IS: -----PhP0.185; +54.17%
2. BKD: ---PhP1.84; +48.39%
3. PGPI: --PhP130.00; +30.00%
WORST DECLINERS:
1. CAC: --PhP1.08; -50.91%
2. JTH: --PhP17.50; -39.66%
3. T: ----PhP13.00; -35.00%
VALUE TURNOVER:
1. MA: ---PhP3,413 mn -----(close: PhP0.023; +4.55%)
2. OPM: ---PhP2,862 mn---(close: PhP0.019; +5.56%)
3. OM: ----PhP2,656 mn ---(close: PhP0.013; -7.14%)
1. IS: -----PhP0.185; +54.17%
2. BKD: ---PhP1.84; +48.39%
3. PGPI: --PhP130.00; +30.00%
WORST DECLINERS:
1. CAC: --PhP1.08; -50.91%
2. JTH: --PhP17.50; -39.66%
3. T: ----PhP13.00; -35.00%
VALUE TURNOVER:
1. MA: ---PhP3,413 mn -----(close: PhP0.023; +4.55%)
2. OPM: ---PhP2,862 mn---(close: PhP0.019; +5.56%)
3. OM: ----PhP2,656 mn ---(close: PhP0.013; -7.14%)
SUMMARY OF INDICES
------------------LAST WK. ------THIS WK-----( +/-)-------(CHNG)
PHISIX---------- 3,352.24 -----3,281.96 -----(-70.28)------(-2.09%)
HOLDINGS ------1,909.80-----1,842.32 -----(-67.48)------( -3.53%)
INDUSTRIAL----4,580.20-----4,635.36-----(+55.16)------(+1.20%)
PROPERTY-------1,579.31------1,508.79----(-70.52)------(-4.46%)
FINANCIAL ------896.09--------894.09 -----(-2.00 )------(-0.22%)
MINING-OIL----- 5,679.98----5,611.86 -----(-68.11)------(-1.19%)
ALL SHARES -----2,150.18-----2,109.70-----(-40.48)------( -1.88%)
PHISIX---------- 3,352.24 -----3,281.96 -----(-70.28)------(-2.09%)
HOLDINGS ------1,909.80-----1,842.32 -----(-67.48)------( -3.53%)
INDUSTRIAL----4,580.20-----4,635.36-----(+55.16)------(+1.20%)
PROPERTY-------1,579.31------1,508.79----(-70.52)------(-4.46%)
FINANCIAL ------896.09--------894.09 -----(-2.00 )------(-0.22%)
MINING-OIL----- 5,679.98----5,611.86 -----(-68.11)------(-1.19%)
ALL SHARES -----2,150.18-----2,109.70-----(-40.48)------( -1.88%)
Friday, August 10, 2007
The day's market - August 10, 2007
The expected correction in the Philippine Stock Market ensued. But because the Dow Jones Industrial Average (DJIA) dropped by a whopping 387.18 points, local equities also fell heavily upon the opening bell.
WallStreet is still in a very volatile situation. It opened down by more than 200 points in the first ten minutes as investors worried that the problems in the sub prime housing sector would spillover to financial institutions. In an hour, losses were down to just about 100 points but it again fell to constant selling pressure. An hour before closing it was down by more than 200 points but losses still deepened and the DJIA closed at 13270.68 or about 2.83% lower.
The quote from an interview which came out in an article in BusinessWorld today, should read........"if there's really no news to further boost the market, the market will be correcting itself after three days of rally. It will try to look for a base, but 3400 could be its immediate RESISTANCE (not SUPPORT)........
A previous quote in the same article also reads.....the Dow Jones rally boosted the local market, even if the latter failed to breach the 3400 level.......
PSEi previous close - 3385.20 (August 09, 2007)
time------------down---------------PSEi
9:31-----------48.91--------------3336.29
9:32-----------76.81
9:33-----------85.65--------------3299.55
The 3300 level was immediately broken.
9:37----------93.96
9:41---------112.11---------------3273.09 (the day's low)
The market managed to prevent further drops but it also failed to mount a significant rally. It moved below the 3300 level for the rest of the session.
9:44--------108.02
9:57--------100.88
9:58---------97.72
9:59---------94.84
10:05-------93.07
10:15-------92.60
10:18-------87.68--------------3297.52
10:34-------91.38
10:48-------87.87--------------3297.33
10:52-------98.42--------------3286.78
11:19-------92.91
11:30-------94.25
11:38------101.73
11:57------100.87
11:59------102.73
12:01------103.24--------------3281.96 (-3.05%)
Market Close.
Advancers 8
Decliners 136
Value turnover PhP 4.719 bn
Cross transactions: PhP 2.174 bn
Asian equities markets were also down and the peso was near the PhP 45.70 level against the dollar; in the morning trade.
There was no index issue gainer for the day.
The current support of the PSEi is at the 3240-3270 level.
Sectoral Indices dropped across-the-board.
M-O -4.51%
Holdings -3.87%
Property -3.44%
Financial -2.89%
Services -2.66%
Industrial -2.62%
The day's biggest losers.
1. CAC: PhP 1.08 -40.00%
2. AAA: PhP 0.50 -39.02%
3. WIN: PhP 0.36 -14.29%
4. HI: PhP 1.90 -13.64%
5. OPM: PhP 0.019 -13.64%
6. PRIM: PhP 0.78 -13.33%
7. NI: PhP 11.50 -13.21%
8. PWR: PhP 0.28 -12.50%
9. PCP: PhP 0.38 -11.63%
10. EVER: PhP 0.24 -11.11%
WallStreet is still in a very volatile situation. It opened down by more than 200 points in the first ten minutes as investors worried that the problems in the sub prime housing sector would spillover to financial institutions. In an hour, losses were down to just about 100 points but it again fell to constant selling pressure. An hour before closing it was down by more than 200 points but losses still deepened and the DJIA closed at 13270.68 or about 2.83% lower.
The quote from an interview which came out in an article in BusinessWorld today, should read........"if there's really no news to further boost the market, the market will be correcting itself after three days of rally. It will try to look for a base, but 3400 could be its immediate RESISTANCE (not SUPPORT)........
A previous quote in the same article also reads.....the Dow Jones rally boosted the local market, even if the latter failed to breach the 3400 level.......
PSEi previous close - 3385.20 (August 09, 2007)
time------------down---------------PSEi
9:31-----------48.91--------------3336.29
9:32-----------76.81
9:33-----------85.65--------------3299.55
The 3300 level was immediately broken.
9:37----------93.96
9:41---------112.11---------------3273.09 (the day's low)
The market managed to prevent further drops but it also failed to mount a significant rally. It moved below the 3300 level for the rest of the session.
9:44--------108.02
9:57--------100.88
9:58---------97.72
9:59---------94.84
10:05-------93.07
10:15-------92.60
10:18-------87.68--------------3297.52
10:34-------91.38
10:48-------87.87--------------3297.33
10:52-------98.42--------------3286.78
11:19-------92.91
11:30-------94.25
11:38------101.73
11:57------100.87
11:59------102.73
12:01------103.24--------------3281.96 (-3.05%)
Market Close.
Advancers 8
Decliners 136
Value turnover PhP 4.719 bn
Cross transactions: PhP 2.174 bn
Asian equities markets were also down and the peso was near the PhP 45.70 level against the dollar; in the morning trade.
There was no index issue gainer for the day.
The current support of the PSEi is at the 3240-3270 level.
Sectoral Indices dropped across-the-board.
M-O -4.51%
Holdings -3.87%
Property -3.44%
Financial -2.89%
Services -2.66%
Industrial -2.62%
The day's biggest losers.
1. CAC: PhP 1.08 -40.00%
2. AAA: PhP 0.50 -39.02%
3. WIN: PhP 0.36 -14.29%
4. HI: PhP 1.90 -13.64%
5. OPM: PhP 0.019 -13.64%
6. PRIM: PhP 0.78 -13.33%
7. NI: PhP 11.50 -13.21%
8. PWR: PhP 0.28 -12.50%
9. PCP: PhP 0.38 -11.63%
10. EVER: PhP 0.24 -11.11%
Thursday, August 9, 2007
The day's market - August 09, 2007
Market Comments on yesterday's trade:
BusinessWorld - August 09, 2007
The Dow Jones Industrial Average (DJIA) continued its rebound and advanced another 153.56 points to close at 13657.86. This provided the local equities market the boost it needed to challenge the 3400 level.
PSEi previous close - 3375.91 (August 08, 2007)
time------------up------------PSEi
9:31-----------19.38--------3395.29
9:34-----------25.34--------3401.25
The 3400 level was immediately tested and broken. The market attempted to move to higher level.
9:38----------30.30
9:40----------31.64
9:49----------32.16
9:52----------35.84----------3411.75 (day's high)
The rally however failed to sustain its strong advance. Investors were still very cautious. Momentum faltered.
9:59----------26.37---------3402.28
The PSEi moved below the 3400 level.
10:01---------22.98---------3398.89
10:07---------20.55
10:08---------19.83
10:12---------18.25---------3394.16
10:16---------22.63
10:25---------24.78---------3400.69
The 3400 proved to be a resistance at this point and the market started to trend lower.
10:31---------22.15
10:47---------19.38
10:49---------15.79---------3391.17
10:50---------19.47
10:53---------20.03---------3395.94
11:10--------16.72
11:20--------12.61----------3388.52
11:24--------17.18----------3393.09
11:39--------15.17
11:46--------13.28
11:52--------10.43
11:53---------9.49
11:59---------9.17
12:01---------9.29----------3385.20 (+0.28%)
Market Close.
Advancers 99
Decliners 41
Value turnover PhP 5.611 bn
Cross transactions: PhP 2.068 bn
Block Sales: PhP 1.265 bn
The market is expected to move into a consolidation after the past three days of gains and ahead of the weekend.
Sectoral Indices.
Industrial +2.36%
Holdings +1.53%
M-O +1.16%
Financial +0.74%
Property -0.23%
Services -0.64%
TOP GAINERS:
1. PGPI: PhP130.00; +30.00%
2. GOB: PhP0.36; +24.14%
3. IS: PhP0.20; +17.65%
WORST DECLINERS:
1. JTH: PhP17.50; -39.66%
2. KEP: PhP1.80; -25.00%
3. APR: PhP3.00; -16.67%
VALUE TURNOVER:
1. ALI: PhP366 mn (close: PhP15.00; -1.64%)
2. GLO: PhP 320 mn (close PhP1355.00; unch)
3. MAC: PhP242 mn (close PhP4.95; -1.00%)
VOLUME TURNOVER:
1. MA: 999 mn (close: PhP0.024; +4.35%)
2. OM: 902 mn (close PhP0.014; unch)
3. OPM: 489 mn (close PhP0.022; +10.00)
BusinessWorld - August 09, 2007The Dow Jones Industrial Average (DJIA) continued its rebound and advanced another 153.56 points to close at 13657.86. This provided the local equities market the boost it needed to challenge the 3400 level.
PSEi previous close - 3375.91 (August 08, 2007)
time------------up------------PSEi
9:31-----------19.38--------3395.29
9:34-----------25.34--------3401.25
The 3400 level was immediately tested and broken. The market attempted to move to higher level.
9:38----------30.30
9:40----------31.64
9:49----------32.16
9:52----------35.84----------3411.75 (day's high)
The rally however failed to sustain its strong advance. Investors were still very cautious. Momentum faltered.
9:59----------26.37---------3402.28
The PSEi moved below the 3400 level.
10:01---------22.98---------3398.89
10:07---------20.55
10:08---------19.83
10:12---------18.25---------3394.16
10:16---------22.63
10:25---------24.78---------3400.69
The 3400 proved to be a resistance at this point and the market started to trend lower.
10:31---------22.15
10:47---------19.38
10:49---------15.79---------3391.17
10:50---------19.47
10:53---------20.03---------3395.94
11:10--------16.72
11:20--------12.61----------3388.52
11:24--------17.18----------3393.09
11:39--------15.17
11:46--------13.28
11:52--------10.43
11:53---------9.49
11:59---------9.17
12:01---------9.29----------3385.20 (+0.28%)
Market Close.
Advancers 99
Decliners 41
Value turnover PhP 5.611 bn
Cross transactions: PhP 2.068 bn
Block Sales: PhP 1.265 bn
The market is expected to move into a consolidation after the past three days of gains and ahead of the weekend.
Sectoral Indices.
Industrial +2.36%
Holdings +1.53%
M-O +1.16%
Financial +0.74%
Property -0.23%
Services -0.64%
TOP GAINERS:
1. PGPI: PhP130.00; +30.00%
2. GOB: PhP0.36; +24.14%
3. IS: PhP0.20; +17.65%
WORST DECLINERS:
1. JTH: PhP17.50; -39.66%
2. KEP: PhP1.80; -25.00%
3. APR: PhP3.00; -16.67%
VALUE TURNOVER:
1. ALI: PhP366 mn (close: PhP15.00; -1.64%)
2. GLO: PhP 320 mn (close PhP1355.00; unch)
3. MAC: PhP242 mn (close PhP4.95; -1.00%)
VOLUME TURNOVER:
1. MA: 999 mn (close: PhP0.024; +4.35%)
2. OM: 902 mn (close PhP0.014; unch)
3. OPM: 489 mn (close PhP0.022; +10.00)
Wednesday, August 8, 2007
The day's market - August 08, 2008
The National Statistics Office (NSO) reported that higher costs of food and electricity pushed Philippine inflation to 2.6% in July from 2.3% the previous month.
The Dow Jones Industrial Average (DJIA) traded lower for most of the session but managed to advance by 35.52 points to close at 13504.30.
The momentum from yesterday's strong advance carried the market higher but with a lot of caution.
PSEi previous close - 3348.34 (August 07, 2007)
time-----------up------------PSEi
9:31---------3.47-----------3351.81
9:32---------7.92
9:33--------10.92
9:34--------14.65
9:35--------15.51
9:36--------16.21
9:38--------19.93
9:41--------21.27----------3369.61
9:44--------17.18
9:46--------20.34
9:48--------23.09---------3371.35
After the initial market advance, the PSEi consolidated at levels just above the 3370 level.
9:51--------26.31
9:52--------27.02
10:00-------26.48
10:04-------21.73
10:06-------24.92
10:08------25.40
10:10------30.49
10:13------32.38
10:14------36.88----------3385.22
10:18------32.37
10:19------27.79
10:27------33.75
10:28------35.32
10:29------37.18---------3385.52
10:47------29.93---------3378.27
11:00------34.20
11:07------38.01---------3386.3 (the day's high)
11:18------31.01
11:23------26.36
11:31------25.93---------3374.27
11:44------26.65
11:52------26.96
11:54------28.22
12:01------27.57---------3375.91 (+0.82%)
Market Close.
Advancers 93
Decliners 28
The 3385 - 3400 is the immediate resistance. This may be tested although the market momentum is somehow losing steam.
Asian equities markets were up in the morning trade.
Value turnover: PhP 4.683 bn
Cross transactions: PhP 2.468 bn
Sectoral Indices.
Financial +1.78%
M-O +1.63%
Property +1.31%
Industrial +1.30%
Holdings +0.55%
Services -0.18%
Top Gainers
Stock-------Price---------% up
IS---------PhP 0.017-----21.43%
APR--------PhP 3.60------20.00%
BKD--------PhP 1.60------17.65%
SINO-------PhP 0.37------12.12%
PCP--------PhP 0.39------11.43%
Biggest Decliners
Stock-------Price-------(% down)
T----------PhP 15.75----(11.27%)
ALHI-------PhP 8.10-----(10.00%)
NI---------PhP 13.75-----(8.33%)
GEO--------PhP 1.78------(8.25%)
APX--------PhP 4.65------(7.00%)
Today was the listing of Anchor Land Holdings, Inc. (ALHI) with just had its initial Public offering (IPO). Its offering price was at PhP 8.93
Anchor land Holdings, Inc (ALHI)
open PhP 6.10
low PhP 6.10
high PhP 8.90
close PhP 8.10
Value turnover: PhP 5,249,000 shares
Volume turnover: PhP 43,258,400
The Dow Jones Industrial Average (DJIA) traded lower for most of the session but managed to advance by 35.52 points to close at 13504.30.
The momentum from yesterday's strong advance carried the market higher but with a lot of caution.
PSEi previous close - 3348.34 (August 07, 2007)
time-----------up------------PSEi
9:31---------3.47-----------3351.81
9:32---------7.92
9:33--------10.92
9:34--------14.65
9:35--------15.51
9:36--------16.21
9:38--------19.93
9:41--------21.27----------3369.61
9:44--------17.18
9:46--------20.34
9:48--------23.09---------3371.35
After the initial market advance, the PSEi consolidated at levels just above the 3370 level.
9:51--------26.31
9:52--------27.02
10:00-------26.48
10:04-------21.73
10:06-------24.92
10:08------25.40
10:10------30.49
10:13------32.38
10:14------36.88----------3385.22
10:18------32.37
10:19------27.79
10:27------33.75
10:28------35.32
10:29------37.18---------3385.52
10:47------29.93---------3378.27
11:00------34.20
11:07------38.01---------3386.3 (the day's high)
11:18------31.01
11:23------26.36
11:31------25.93---------3374.27
11:44------26.65
11:52------26.96
11:54------28.22
12:01------27.57---------3375.91 (+0.82%)
Market Close.
Advancers 93
Decliners 28
The 3385 - 3400 is the immediate resistance. This may be tested although the market momentum is somehow losing steam.
Asian equities markets were up in the morning trade.
Value turnover: PhP 4.683 bn
Cross transactions: PhP 2.468 bn
Sectoral Indices.
Financial +1.78%
M-O +1.63%
Property +1.31%
Industrial +1.30%
Holdings +0.55%
Services -0.18%
Top Gainers
Stock-------Price---------% up
IS---------PhP 0.017-----21.43%
APR--------PhP 3.60------20.00%
BKD--------PhP 1.60------17.65%
SINO-------PhP 0.37------12.12%
PCP--------PhP 0.39------11.43%
Biggest Decliners
Stock-------Price-------(% down)
T----------PhP 15.75----(11.27%)
ALHI-------PhP 8.10-----(10.00%)
NI---------PhP 13.75-----(8.33%)
GEO--------PhP 1.78------(8.25%)
APX--------PhP 4.65------(7.00%)
Today was the listing of Anchor Land Holdings, Inc. (ALHI) with just had its initial Public offering (IPO). Its offering price was at PhP 8.93
Anchor land Holdings, Inc (ALHI)
open PhP 6.10
low PhP 6.10
high PhP 8.90
close PhP 8.10
Value turnover: PhP 5,249,000 shares
Volume turnover: PhP 43,258,400
Tuesday, August 7, 2007
The Philippine Stock Market regains yesteday's losses - August 07,2007
Market Comments:
BusinessWorld: August 07, 2007
As Wall Street got back it's declines last friday, the local equities market also advanced strongly.
PSEi previous close - 3348.34 (August 06, 2007)
time------------up------------PSEi
9:31-----------68.55----------3325.54
9:33-----------69.39
9:37-----------74.68
9:38-----------83.68
9:46-----------85.40
9:53-----------86.04
9:59-----------88.17----------3345.16
The market opened strong and made a steep rise in the first 30 minutes of trading and in the next 30 minutes it just consolidated.
10:11----------91.92
10:13----------92.79
10:17----------88.09
10:22----------91.37
10:26----------91.95
The market tries to move to higher levels.
10:34---------94.48
10:36---------96.94---------3353.93
The market manages stay above the 3350 level in the next hour.
10:39--------101.04---------3358.03
10:52---------95.74
10:59---------98.35
11:02---------99.05
11:06---------94.64---------3351.63
11:10--------99.53
11:14--------99.73
11:23-------103.22
11:30-------104.65----------3361.64 (the day's high)
The last 30 minutes was marked by slight bouts of profit taking but buyers stood their ground this time. This is in contrast with recent trading sessions wherein early gains were wiped out and sentiment reversed towards the latter part.
11:36-------100.82
11:48--------96.91
11:54--------94.56
11:56--------91.60
11:58--------90.50----------3347.49
12:01--------91.35----------3348.34 (+2.81%)
Market Close.
Advancers 126
Decliners 12
Value turnover: Php 4.781 bn
Cross transactions: PhP 1.352 bn
Sectoral Indices rebounded across-the-board.
Property +4.43%
M-O +3.66%
Holdings +3.22%
Industrial +2.33%
Financial +2.21%
Services +2.07%
TOP GAINERS:
1. AAA: PhP 0.82; +26.15%
2. GO: PhP 0.35; +25.00%
3. APR: PhP 3.00; +22.95%
4. KEP: PhP 2.40; +20.00%
5. SFI: PhP 0.50; +19.05%
6. GSMI: PhP 26.00; +15.56%
7. EVER: PhP 0.23; +15.00%
8. MB: PhP 1.04; +14.29%
9. MAC: PhP 4.90; +13.95%
10. PCP: PhP 0.35; +12.90%
WORST DECLINERS:
1. BH: PhP 150.00; -28.57%
2. T: PhP 17.75; -11.25%
3. ICTV: PhP 2.40; -4.00%
4. LCB: PhP 0.26; -3.70%
5. MVC: PhP 0.96; -2.04%
VALUE TURNOVER:
1. MBT: PhP505 mn (close: PhP 58.50; +2.63%)
2. GEO: PhP 313 mn (close PhP 1.94; +5.43%)
3. TEL: PhP310 mn (close PhP 2,670.00; +2.30%)
VOLUME TURNOVER:
1. MA: 606 mn (close: PhP 0.023; +4.55%)
2. OPM: 572 mn (close PhP 0.018; unch)
3. OV: 542 mn (close PhP 0.020; +11.11%)
BusinessWorld: August 07, 2007As Wall Street got back it's declines last friday, the local equities market also advanced strongly.
PSEi previous close - 3348.34 (August 06, 2007)
time------------up------------PSEi
9:31-----------68.55----------3325.54
9:33-----------69.39
9:37-----------74.68
9:38-----------83.68
9:46-----------85.40
9:53-----------86.04
9:59-----------88.17----------3345.16
The market opened strong and made a steep rise in the first 30 minutes of trading and in the next 30 minutes it just consolidated.
10:11----------91.92
10:13----------92.79
10:17----------88.09
10:22----------91.37
10:26----------91.95
The market tries to move to higher levels.
10:34---------94.48
10:36---------96.94---------3353.93
The market manages stay above the 3350 level in the next hour.
10:39--------101.04---------3358.03
10:52---------95.74
10:59---------98.35
11:02---------99.05
11:06---------94.64---------3351.63
11:10--------99.53
11:14--------99.73
11:23-------103.22
11:30-------104.65----------3361.64 (the day's high)
The last 30 minutes was marked by slight bouts of profit taking but buyers stood their ground this time. This is in contrast with recent trading sessions wherein early gains were wiped out and sentiment reversed towards the latter part.
11:36-------100.82
11:48--------96.91
11:54--------94.56
11:56--------91.60
11:58--------90.50----------3347.49
12:01--------91.35----------3348.34 (+2.81%)
Market Close.
Advancers 126
Decliners 12
Value turnover: Php 4.781 bn
Cross transactions: PhP 1.352 bn
Sectoral Indices rebounded across-the-board.
Property +4.43%
M-O +3.66%
Holdings +3.22%
Industrial +2.33%
Financial +2.21%
Services +2.07%
TOP GAINERS:
1. AAA: PhP 0.82; +26.15%
2. GO: PhP 0.35; +25.00%
3. APR: PhP 3.00; +22.95%
4. KEP: PhP 2.40; +20.00%
5. SFI: PhP 0.50; +19.05%
6. GSMI: PhP 26.00; +15.56%
7. EVER: PhP 0.23; +15.00%
8. MB: PhP 1.04; +14.29%
9. MAC: PhP 4.90; +13.95%
10. PCP: PhP 0.35; +12.90%
WORST DECLINERS:
1. BH: PhP 150.00; -28.57%
2. T: PhP 17.75; -11.25%
3. ICTV: PhP 2.40; -4.00%
4. LCB: PhP 0.26; -3.70%
5. MVC: PhP 0.96; -2.04%
VALUE TURNOVER:
1. MBT: PhP505 mn (close: PhP 58.50; +2.63%)
2. GEO: PhP 313 mn (close PhP 1.94; +5.43%)
3. TEL: PhP310 mn (close PhP 2,670.00; +2.30%)
VOLUME TURNOVER:
1. MA: 606 mn (close: PhP 0.023; +4.55%)
2. OPM: 572 mn (close PhP 0.018; unch)
3. OV: 542 mn (close PhP 0.020; +11.11%)
Before the market opens (Wall Street rallies nearly 300 points overnight) - August 07, 2007
The Dow Jones Industrial Average (DJIA) mounted a huge rally to regain its losses from last Friday. It advanced by 286.87 (+2.18%) to close at 13468.78
Monday, August 6, 2007
The day's market - August 06, 2007
Another huge drop in WallStreet stymied the expected (but more of a much hoped for) rebound. The Dow Jones Industrial Average (DJIA) fell by 281.42 (-2.09%) to close at 13181.91. These huge declines are very hard to ignore despite the buying momentum observed in the local equities market last friday. Upon the opening bell, sellers resumed to exert pressure the market and bargain hunters stepped back anew and held of buying.
PSEi previous close - 3352.24 (August 03, 2007)
time------------down--------------PSEi
9:31-----------49.26--------------3302.98
The 3300 level was immediately targetted. It was easily broken.
9:32----------50.48
9:34----------64.73
9:36----------80.86---------------3271.38
The market traded below the 3270 level for the rest of the session.
9:37----------82.43
9:45---------90.06
9:56---------99.34
10:05------101.61
10:11------105.87
10:15------107.51
10:16------110.01--------------3242.23 (day's low)
A feeble rally was attempted.
10:23------107.36
10:27-------99.99
10:41------88.73
10:53------83.01-------------3269.23
11:12-------85.32
11:23-------90.70
11:31-------93.62
11:44-------98.61
11:52-------99.53
12:01-------95.25------------3256.99 (-2.84%)
Market Close.
Value turnover: PhP 5.225
Cross transactions: PhP 1.941 bn
Sectoral Indices again dropped across-the-board.
Property -6.26%
Holdings -4.76%
M-O -2.90%
Industrial -2.05%
Financial -1.96%
Services -0.45%
TOP GAINERS:
1. NI: PhP13.50; +14.89%
2. IS: PhP0.13; +8.33%
3. WPI: PhP0.70; +7.69%
WORST DECLINERS:
1. VITA: PhP0.31; -27.91%
2. FED: PhP11.75; -18.97%
3. CAC: PhP1.80; -18.18%
VALUE TURNOVER:
1. SMPH: PhP520 mn (close: PhP10.50; -10.64%)
2. TEL: PhP 463 mn (close PhP2,610.00; -0.57%)
3. ALI: PhP402 mn (close PhP14.25; -5.00%)
VOLUME TURNOVER:
1. OPM: 925 mn (close: PhP0.018; unch)
2. OV: 911 mn (close PhP0.018; unch)
3. OM: 868 mn (close PhP0.014; unch)
The market is now 15% off the high of 3820 set just last July 13. The issue of investor confidence is the main drag on the Philippine Stock Market. Investors must remain convinced of the fundamentals of the market and the overall economy. A rebound within the week may be expected with oversold thirdliners seen to be bought up by bargain hunters.
PSEi previous close - 3352.24 (August 03, 2007)
time------------down--------------PSEi
9:31-----------49.26--------------3302.98
The 3300 level was immediately targetted. It was easily broken.
9:32----------50.48
9:34----------64.73
9:36----------80.86---------------3271.38
The market traded below the 3270 level for the rest of the session.
9:37----------82.43
9:45---------90.06
9:56---------99.34
10:05------101.61
10:11------105.87
10:15------107.51
10:16------110.01--------------3242.23 (day's low)
A feeble rally was attempted.
10:23------107.36
10:27-------99.99
10:41------88.73
10:53------83.01-------------3269.23
11:12-------85.32
11:23-------90.70
11:31-------93.62
11:44-------98.61
11:52-------99.53
12:01-------95.25------------3256.99 (-2.84%)
Market Close.
Value turnover: PhP 5.225
Cross transactions: PhP 1.941 bn
Sectoral Indices again dropped across-the-board.
Property -6.26%
Holdings -4.76%
M-O -2.90%
Industrial -2.05%
Financial -1.96%
Services -0.45%
TOP GAINERS:
1. NI: PhP13.50; +14.89%
2. IS: PhP0.13; +8.33%
3. WPI: PhP0.70; +7.69%
WORST DECLINERS:
1. VITA: PhP0.31; -27.91%
2. FED: PhP11.75; -18.97%
3. CAC: PhP1.80; -18.18%
VALUE TURNOVER:
1. SMPH: PhP520 mn (close: PhP10.50; -10.64%)
2. TEL: PhP 463 mn (close PhP2,610.00; -0.57%)
3. ALI: PhP402 mn (close PhP14.25; -5.00%)
VOLUME TURNOVER:
1. OPM: 925 mn (close: PhP0.018; unch)
2. OV: 911 mn (close PhP0.018; unch)
3. OM: 868 mn (close PhP0.014; unch)
The market is now 15% off the high of 3820 set just last July 13. The issue of investor confidence is the main drag on the Philippine Stock Market. Investors must remain convinced of the fundamentals of the market and the overall economy. A rebound within the week may be expected with oversold thirdliners seen to be bought up by bargain hunters.
Saturday, August 4, 2007
The week that was ( July 30 to August 03, 2007)
-------------------Last Week----- This week------down-------% down
PHISIX ---------3,518.76-------- 3,352.24------166.52-------4.73%
HOLDINGS -----2,068.24--------1,909.80 -----158.44 ------7.66%
INDUSTRIAL----4,799.22------- 4,580.20------219.02 -----4.56%
PROPERTY----- 1,696.15 ---------1,579.31 -----116.84 ------6.88%
FINANCIAL -----946.68 -----------896.09 -------50.59 -----5.34%
MINING-OIL--- 6,580.59 --------5,679.98------900.61 ----13.68%
ALL SHARES ----2,283.23 --------2,150.18 -----133.05 -----5.82%
TOP GAINERS:
1. T: PhP20.00;+354.55%
2. JTH: PhP29.00;+31.82%
3. FJPB: PhP1.84; +24.32%
WORST DECLINERS:
1. NI: PhP11.75; -44.05%
2. IS: PhP0.12; -42.86%
3. JOH: PhP3.00; -41.33%
VALUE TURNOVER:
1. VLL: PhP2,573 mn (close: PhP6.00; -7.69%)
2. TEL: PhP2,372 mn (close: PhP2625.00; unch)
3. PNB: PhP2,043 mn (close: PhP57.00; -12.31%)
PHISIX ---------3,518.76-------- 3,352.24------166.52-------4.73%
HOLDINGS -----2,068.24--------1,909.80 -----158.44 ------7.66%
INDUSTRIAL----4,799.22------- 4,580.20------219.02 -----4.56%
PROPERTY----- 1,696.15 ---------1,579.31 -----116.84 ------6.88%
FINANCIAL -----946.68 -----------896.09 -------50.59 -----5.34%
MINING-OIL--- 6,580.59 --------5,679.98------900.61 ----13.68%
ALL SHARES ----2,283.23 --------2,150.18 -----133.05 -----5.82%
TOP GAINERS:
1. T: PhP20.00;+354.55%
2. JTH: PhP29.00;+31.82%
3. FJPB: PhP1.84; +24.32%
WORST DECLINERS:
1. NI: PhP11.75; -44.05%
2. IS: PhP0.12; -42.86%
3. JOH: PhP3.00; -41.33%
VALUE TURNOVER:
1. VLL: PhP2,573 mn (close: PhP6.00; -7.69%)
2. TEL: PhP2,372 mn (close: PhP2625.00; unch)
3. PNB: PhP2,043 mn (close: PhP57.00; -12.31%)
Friday, August 3, 2007
The Philippine Stock Market moves in a hundred point range - August 03, 2007
The Dow Jones Industrial Average (DJIA) continued its recovery for the second straight day as it gained 100.96 points to end at 13463.37.
PLDT ADRs were up by $1.55 to close at $58.15. Converting it at PhP 45.70, it comes to PhP 2657.00. PLDT (TEL) shares closed at PhP 2520 yesterday.
PSEi previous close - 3359.02 (August 02, 2007)
time------------change----------PSEi
9:31----------up 19.49----------3378.51
9:32-------------57.37----------3416.37
The 3400 level was immediately breached. PLDT opened trading at phP 2595.
9:33-------------60.22
9:34-------------62.07
9:35-------------63.29
9:36-------------66.27
At this point, PLDT was already trading at the PhP 2640 - 2650 levels
9:38-------------66.65
9:39-------------70.79----------3429.81 (the day's high)
Just like yesterday, the market surged upon the opening bell and hit its high within the first 15 minutes of trading. And again, the market succumbs to an immediate correction.
9:43-------------67.96
9:47-------------60.71
9:48-------------59.32
9:50-------------57.21
9:52-------------55.85
9:56-------------55.16
10:04------------42.80
10:07------------41.89----------3400.31
The 3400 level does not hold as a support. The selling now intensifies.
10:08------------35.33
10:09------------29.73
10:10------------28.49
10:12------------22.74
10:13------------20.51
10:04------------20.04
The market goes lower than its opening level and there is no let up by sellers.
10:15------------15.90
10:22------------12.98
10:27-------------9.02
10:28-------------7.95
10:21-------------4.33
10:29-------------2.16
The day's gains are completely wiped out and the market moves into negative territory. Panic again grips the market and pushes it lower.
10:31-------down 0.09
10:35------------5.89
10:36------------6.80
10:42------------8.60
10:47-----------11.38
10:50-----------14.85
10:53-----------19.06
10:54-----------20.94
10:57-----------22.46
10:58-----------23.07
10:59-----------19.04
11:00-----------20.36
11:01-----------26.00--------------3333.02
11:05-----------21.26
11:07-----------19.28
11:10-----------26.38
11:12-----------27.46
11:13-----------29.54
11:14-----------33.34
11:18-----------34.97
11:20-----------35.86
11:22-----------36.43
11:33-----------38.48--------------3320.48 (day's low)
The market recovers in the final 10 minutes of trading as bargain buyers took over from the panic sellers.
11:50-----------28.62
11:51-----------22.64
11:54----------25.67
11:56----------18.15
11:57----------15.43
11:58----------13.64
12:01-----------6.78---------------3352.24 (-0.20%)
Market Close.
Advancers 19
Decliners 127
Value turnover: PhP 7.685 bn
Cross transactions: 3.075 bn
Block Sales: PhP 200 mn
Sectoral Indices.
Services +2.26%
Financial -0.70%
Industrial -1.39%
Holdings -1.82%
Property -2.24%
M-O -6.03%
The market touched a low of 3,320 today which is already 500 points (-13%) off the high it reached at 3820 just last July 13, 2007. Select issues which were hardest hit by panic selling are poised to bounce next week. A rebound by early next week may test the 3470-3491 resistance.
There is also a gap at the 3588 - 3641 levels which was opened on July 26-27, 2007.
--------------GMA7-----------GMAP
open-------PhP 10.75------PhP 10.75
high-------PhP 10.75------PhP 10.75
low--------PhP 9.70-------PhP 10.00
close------PhP 10.25------PhP 10.25
Today's block sales included 10,498,300 shares of GMAP at PhP 11.25 (PhP 118,105,875) and 2,800,000 shares at PhP 11.00 (PhP 30,800,000).
PLDT ADRs were up by $1.55 to close at $58.15. Converting it at PhP 45.70, it comes to PhP 2657.00. PLDT (TEL) shares closed at PhP 2520 yesterday.
PSEi previous close - 3359.02 (August 02, 2007)
time------------change----------PSEi
9:31----------up 19.49----------3378.51
9:32-------------57.37----------3416.37
The 3400 level was immediately breached. PLDT opened trading at phP 2595.
9:33-------------60.22
9:34-------------62.07
9:35-------------63.29
9:36-------------66.27
At this point, PLDT was already trading at the PhP 2640 - 2650 levels
9:38-------------66.65
9:39-------------70.79----------3429.81 (the day's high)
Just like yesterday, the market surged upon the opening bell and hit its high within the first 15 minutes of trading. And again, the market succumbs to an immediate correction.
9:43-------------67.96
9:47-------------60.71
9:48-------------59.32
9:50-------------57.21
9:52-------------55.85
9:56-------------55.16
10:04------------42.80
10:07------------41.89----------3400.31
The 3400 level does not hold as a support. The selling now intensifies.
10:08------------35.33
10:09------------29.73
10:10------------28.49
10:12------------22.74
10:13------------20.51
10:04------------20.04
The market goes lower than its opening level and there is no let up by sellers.
10:15------------15.90
10:22------------12.98
10:27-------------9.02
10:28-------------7.95
10:21-------------4.33
10:29-------------2.16
The day's gains are completely wiped out and the market moves into negative territory. Panic again grips the market and pushes it lower.
10:31-------down 0.09
10:35------------5.89
10:36------------6.80
10:42------------8.60
10:47-----------11.38
10:50-----------14.85
10:53-----------19.06
10:54-----------20.94
10:57-----------22.46
10:58-----------23.07
10:59-----------19.04
11:00-----------20.36
11:01-----------26.00--------------3333.02
11:05-----------21.26
11:07-----------19.28
11:10-----------26.38
11:12-----------27.46
11:13-----------29.54
11:14-----------33.34
11:18-----------34.97
11:20-----------35.86
11:22-----------36.43
11:33-----------38.48--------------3320.48 (day's low)
The market recovers in the final 10 minutes of trading as bargain buyers took over from the panic sellers.
11:50-----------28.62
11:51-----------22.64
11:54----------25.67
11:56----------18.15
11:57----------15.43
11:58----------13.64
12:01-----------6.78---------------3352.24 (-0.20%)
Market Close.
Advancers 19
Decliners 127
Value turnover: PhP 7.685 bn
Cross transactions: 3.075 bn
Block Sales: PhP 200 mn
Sectoral Indices.
Services +2.26%
Financial -0.70%
Industrial -1.39%
Holdings -1.82%
Property -2.24%
M-O -6.03%
The market touched a low of 3,320 today which is already 500 points (-13%) off the high it reached at 3820 just last July 13, 2007. Select issues which were hardest hit by panic selling are poised to bounce next week. A rebound by early next week may test the 3470-3491 resistance.
There is also a gap at the 3588 - 3641 levels which was opened on July 26-27, 2007.
--------------GMA7-----------GMAP
open-------PhP 10.75------PhP 10.75
high-------PhP 10.75------PhP 10.75
low--------PhP 9.70-------PhP 10.00
close------PhP 10.25------PhP 10.25
Today's block sales included 10,498,300 shares of GMAP at PhP 11.25 (PhP 118,105,875) and 2,800,000 shares at PhP 11.00 (PhP 30,800,000).
Thursday, August 2, 2007
Very volatile trade in the Philippine Stock Market - August 02, 2007
The Dow Jones Industrial Average (DJIA) was higher by 150.38 points in WallStreet overnight to close at 13362.37. This spurred an immediate buying reaction from local investors and the market jumped upon the opening.
PSEi previos - 3426.45 (August 01, 2007)
time --------------change---------------PSEi
9:31-------------up 27.02---------------3453.47
9:32----------------29.45
9:33----------------31.08
9:33----------------34.30
9:34----------------37.27
9:35----------------38.66
9:39----------------39.29
9:41----------------41.14----------------3467.59 (the day's high)
After just a few minutes, the market reached its high and buying tapered off.
9;44----------------34.09
9:46----------------33.33
9:47----------------28.95
9:48----------------31.67
9:54----------------29.45
10:00--------------24.85
The market moves below the market open and the 3,450 proves to be very weak.
10:03--------------24.60
10:05--------------23.51
10:12--------------22.58------------------3449.03
Selling accelerates.
10:16--------------19.55
10;17--------------16.74
10:20--------------15.01
10:22--------------11.90
10:24---------------9.66
10:25---------------7.40
10:27---------------6.30
10:28---------------2.70
10:29---------------1.08
After an hour of trading, the market gives back its gains. The market moves into negative territory. Another wave of selling ensues.
10:30----------down 0.24
10:31-----------------1.17
10:32-----------------2.91
At this point, Decliners (63) heavily outnimbered Gainers (28) already.
10:34-----------------3.29
10:35-----------------5.14
10:37-----------------6.99
10:39-----------------8.64
10:43-----------------9.72
10:44----------------13.23
10:45----------------17.91
10:46----------------19.17
10:48----------------23.50
10:49----------------26.05------------------3400.40
The 3400 breaks and panic selling grips the market.
10:50----------------27.55
10:51----------------28.51
10:52----------------32.89
10:53----------------36.27
10:54----------------39.47
10:55----------------44.51
11:00----------------46.36
11:01----------------50.14
11:04----------------54.68
11:05----------------63.08---------------3363.37
The Chart gap at the 3364-3381 is closed.
11:07----------------64.26
11:09----------------67.93
11:12----------------69.75
11:19----------------73.42
11:22----------------72.27
11:23----------------76.22
11:30----------------70.82
11:32----------------78.36---------------3348.09 (day's low)
The market consolidates above the 3350 level in the last 20 minutes of trading.
11:40----------------74.48--------------3351.97
11:46----------------66.47
11:52----------------65.84
11:55----------------62.71--------------3363.74
11:59----------------63.49
12:01----------------67.43--------------3359.02 (-1.97%)
Market Close.
Advancers 14
Decliners 132
It was more than a hundred point swing from the PSEIs high to its low intraday reflecting the market's volatility. There were only 3 index issue gainers.
Value turnover: PhP 7.642 bn
Cross transactions: PhP 2.205 bn
Block Sales: PhP 400 mn
Sectoral Indices fell across-the-board.
M-O -5.48%
Property -3.54%
Holdings -2.90%
Industrial -2.12%
Financial -2.06%
Services -0.07%
--------------GMA7-----------GMAP
open---------PhP 11.50------PhP 11.25
high---------PhP 11.50------PhP 11.25
low----------PhP 10.25------PhP 10.00
close--------PhP 10.50------PhP 10.25
PSEi previos - 3426.45 (August 01, 2007)
time --------------change---------------PSEi
9:31-------------up 27.02---------------3453.47
9:32----------------29.45
9:33----------------31.08
9:33----------------34.30
9:34----------------37.27
9:35----------------38.66
9:39----------------39.29
9:41----------------41.14----------------3467.59 (the day's high)
After just a few minutes, the market reached its high and buying tapered off.
9;44----------------34.09
9:46----------------33.33
9:47----------------28.95
9:48----------------31.67
9:54----------------29.45
10:00--------------24.85
The market moves below the market open and the 3,450 proves to be very weak.
10:03--------------24.60
10:05--------------23.51
10:12--------------22.58------------------3449.03
Selling accelerates.
10:16--------------19.55
10;17--------------16.74
10:20--------------15.01
10:22--------------11.90
10:24---------------9.66
10:25---------------7.40
10:27---------------6.30
10:28---------------2.70
10:29---------------1.08
After an hour of trading, the market gives back its gains. The market moves into negative territory. Another wave of selling ensues.
10:30----------down 0.24
10:31-----------------1.17
10:32-----------------2.91
At this point, Decliners (63) heavily outnimbered Gainers (28) already.
10:34-----------------3.29
10:35-----------------5.14
10:37-----------------6.99
10:39-----------------8.64
10:43-----------------9.72
10:44----------------13.23
10:45----------------17.91
10:46----------------19.17
10:48----------------23.50
10:49----------------26.05------------------3400.40
The 3400 breaks and panic selling grips the market.
10:50----------------27.55
10:51----------------28.51
10:52----------------32.89
10:53----------------36.27
10:54----------------39.47
10:55----------------44.51
11:00----------------46.36
11:01----------------50.14
11:04----------------54.68
11:05----------------63.08---------------3363.37
The Chart gap at the 3364-3381 is closed.
11:07----------------64.26
11:09----------------67.93
11:12----------------69.75
11:19----------------73.42
11:22----------------72.27
11:23----------------76.22
11:30----------------70.82
11:32----------------78.36---------------3348.09 (day's low)
The market consolidates above the 3350 level in the last 20 minutes of trading.
11:40----------------74.48--------------3351.97
11:46----------------66.47
11:52----------------65.84
11:55----------------62.71--------------3363.74
11:59----------------63.49
12:01----------------67.43--------------3359.02 (-1.97%)
Market Close.
Advancers 14
Decliners 132
It was more than a hundred point swing from the PSEIs high to its low intraday reflecting the market's volatility. There were only 3 index issue gainers.
Value turnover: PhP 7.642 bn
Cross transactions: PhP 2.205 bn
Block Sales: PhP 400 mn
Sectoral Indices fell across-the-board.
M-O -5.48%
Property -3.54%
Holdings -2.90%
Industrial -2.12%
Financial -2.06%
Services -0.07%
--------------GMA7-----------GMAP
open---------PhP 11.50------PhP 11.25
high---------PhP 11.50------PhP 11.25
low----------PhP 10.25------PhP 10.00
close--------PhP 10.50------PhP 10.25
Wednesday, August 1, 2007
The day's market - August 01, 2007
The Dow Jones Industrial Average (DJIA) fell hard again and it lost 146.32 points to close at 13211.99. Local equities again followed suit upon the opening bell.
time------------down-------------PSEi
9:31------------34.57------------3466.63
9:32-----------40.63
9:33-----------44.02
9:34-----------45.85
9:35-----------48.10------------3453.31
The 3450 level holds.
9:41-----------42.61
9:44-----------38.97
9:45-----------36.47
9:51-----------31.41------------3469.79
9:57-----------42.48
10:04---------48.24
The 3450 level breaks.
10:06---------52.61------------3448.59
10:08---------57.68
10:11---------58.76------------3442.44
A minor rally ensues.
10:15--------56.22
10:17--------52.93
10:22--------51.90
10:26--------53.36
10:32--------49.76
10:34--------47.73
10:36--------46.97
10:38--------43.48
10:42--------40.77
10:43--------39.74
10:44--------35.36
10:53--------34.33------------3466.87
11:02--------36.21
11:06--------40.17------------3461.03
11:27--------34.91------------3466.99
Selling panic again set in in the final half hour of trading and the market doubles it losses to close near its day's low.
11:32--------39.12
11:35--------40.59
11:43--------46.72
11:47--------50.22
11:49--------55.44
11:50--------59.84
11:51--------60.26
11:52--------63.14
11:55--------64.66
11:56--------71.47
11:57--------75.91
11:58--------76.68
11:59--------79.10-------------3422.10 (day's low)
12:01--------74.75-------------3426.45 (-2.13%)
Market Close.
Advancers 23
Decliners 105
Valuue turnover: PhP 11.672 bn
Cross transactions: PhP 2.262 bn
Block transactions: PhP 4.656 bn
The Block transactions include 71.8 mn shares of PNB at PhP 59.00 per share (for a total of PhP 4.23 bn) after its recently concluded follow on offering. PNB shares close previously at PhP 65.00 and it offered its shares at PhP 59.00
Philippine Nationa Bank (PNB)
open PhP 57.50
low PhP 54.00
high PhP 59.00
close PhP 59.00
Volume turnover: 19,176,800 shares
Value turnover: PhP 1,090,686,600
Cross: 52,439,600
The 3421 level is the previous all-time high set in 1997. There is a chart gap at the 3364 - 3381 levels opened on May 11-15, 2007.
Sectoral Indices fell across-the-board.
Services -2.52%
Holdings -2.33%
Property -2.07%
Industrial -1.77%
M-O -1.63%
Financial -0.94%
----------------GMA7-----------GMAP
open---------PhP 10.50-------PhP 10.50
high----------PhP 11.75-------PhP 12.00
low-----------PhP 10.25------PhP 10.50
close---------PhP 11.00-------PhP 11.00
time------------down-------------PSEi
9:31------------34.57------------3466.63
9:32-----------40.63
9:33-----------44.02
9:34-----------45.85
9:35-----------48.10------------3453.31
The 3450 level holds.
9:41-----------42.61
9:44-----------38.97
9:45-----------36.47
9:51-----------31.41------------3469.79
9:57-----------42.48
10:04---------48.24
The 3450 level breaks.
10:06---------52.61------------3448.59
10:08---------57.68
10:11---------58.76------------3442.44
A minor rally ensues.
10:15--------56.22
10:17--------52.93
10:22--------51.90
10:26--------53.36
10:32--------49.76
10:34--------47.73
10:36--------46.97
10:38--------43.48
10:42--------40.77
10:43--------39.74
10:44--------35.36
10:53--------34.33------------3466.87
11:02--------36.21
11:06--------40.17------------3461.03
11:27--------34.91------------3466.99
Selling panic again set in in the final half hour of trading and the market doubles it losses to close near its day's low.
11:32--------39.12
11:35--------40.59
11:43--------46.72
11:47--------50.22
11:49--------55.44
11:50--------59.84
11:51--------60.26
11:52--------63.14
11:55--------64.66
11:56--------71.47
11:57--------75.91
11:58--------76.68
11:59--------79.10-------------3422.10 (day's low)
12:01--------74.75-------------3426.45 (-2.13%)
Market Close.
Advancers 23
Decliners 105
Valuue turnover: PhP 11.672 bn
Cross transactions: PhP 2.262 bn
Block transactions: PhP 4.656 bn
The Block transactions include 71.8 mn shares of PNB at PhP 59.00 per share (for a total of PhP 4.23 bn) after its recently concluded follow on offering. PNB shares close previously at PhP 65.00 and it offered its shares at PhP 59.00
Philippine Nationa Bank (PNB)
open PhP 57.50
low PhP 54.00
high PhP 59.00
close PhP 59.00
Volume turnover: 19,176,800 shares
Value turnover: PhP 1,090,686,600
Cross: 52,439,600
The 3421 level is the previous all-time high set in 1997. There is a chart gap at the 3364 - 3381 levels opened on May 11-15, 2007.
Sectoral Indices fell across-the-board.
Services -2.52%
Holdings -2.33%
Property -2.07%
Industrial -1.77%
M-O -1.63%
Financial -0.94%
----------------GMA7-----------GMAP
open---------PhP 10.50-------PhP 10.50
high----------PhP 11.75-------PhP 12.00
low-----------PhP 10.25------PhP 10.50
close---------PhP 11.00-------PhP 11.00
Year-to-date Equity Indices performance (update)
------------------------Dec 29 -----------end July----------(% change)
-------------------------2006-------------2007
PSEi-------------------2982.54---------3426.45(aug1)------(+14.88%)
Dow Jones (US)------12463.20--------13211.99-------------(+6.00%)
Nikkei (Japan)-------17225.83---------17249.00------------(+0.13%)
HangSeng (HK)-------19964.72--------23184.90------------(+16.12%)
JCI (Indonesia)------1805.52-----------2348.67------------(+30.08%)
KLSE(Malaysia)------1096.24----------1373.71-------------(+25.31%)
SET (Thailand)---------679.84-----------859.76-------------(+26.46%)
-------------------------2006-------------2007
PSEi-------------------2982.54---------3426.45(aug1)------(+14.88%)
Dow Jones (US)------12463.20--------13211.99-------------(+6.00%)
Nikkei (Japan)-------17225.83---------17249.00------------(+0.13%)
HangSeng (HK)-------19964.72--------23184.90------------(+16.12%)
JCI (Indonesia)------1805.52-----------2348.67------------(+30.08%)
KLSE(Malaysia)------1096.24----------1373.71-------------(+25.31%)
SET (Thailand)---------679.84-----------859.76-------------(+26.46%)
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