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%