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%