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%)