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