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%