The Philippine Stock Market regains yesteday's losses - August 07,2007

Market Comments:

BusinessWorld: August 07, 2007




As Wall Street got back it's declines last friday, the local equities market also advanced strongly.

PSEi previous close - 3348.34 (August 06, 2007)

time------------up------------PSEi
9:31-----------68.55----------3325.54
9:33-----------69.39
9:37-----------74.68
9:38-----------83.68
9:46-----------85.40
9:53-----------86.04
9:59-----------88.17----------3345.16

The market opened strong and made a steep rise in the first 30 minutes of trading and in the next 30 minutes it just consolidated.

10:11----------91.92
10:13----------92.79
10:17----------88.09
10:22----------91.37
10:26----------91.95

The market tries to move to higher levels.

10:34---------94.48
10:36---------96.94---------3353.93

The market manages stay above the 3350 level in the next hour.

10:39--------101.04---------3358.03
10:52---------95.74
10:59---------98.35
11:02---------99.05
11:06---------94.64---------3351.63

11:10--------99.53
11:14--------99.73
11:23-------103.22
11:30-------104.65----------3361.64 (the day's high)

The last 30 minutes was marked by slight bouts of profit taking but buyers stood their ground this time. This is in contrast with recent trading sessions wherein early gains were wiped out and sentiment reversed towards the latter part.

11:36-------100.82
11:48--------96.91
11:54--------94.56
11:56--------91.60
11:58--------90.50----------3347.49

12:01--------91.35----------3348.34 (+2.81%)
Market Close.


Advancers 126
Decliners 12

Value turnover: Php 4.781 bn
Cross transactions: PhP 1.352 bn

Sectoral Indices rebounded across-the-board.
Property +4.43%
M-O +3.66%
Holdings +3.22%
Industrial +2.33%
Financial +2.21%
Services +2.07%


TOP GAINERS:
1. AAA: PhP 0.82; +26.15%
2. GO: PhP 0.35; +25.00%
3. APR: PhP 3.00; +22.95%
4. KEP: PhP 2.40; +20.00%
5. SFI: PhP 0.50; +19.05%
6. GSMI: PhP 26.00; +15.56%
7. EVER: PhP 0.23; +15.00%
8. MB: PhP 1.04; +14.29%
9. MAC: PhP 4.90; +13.95%
10. PCP: PhP 0.35; +12.90%

WORST DECLINERS:
1. BH: PhP 150.00; -28.57%
2. T: PhP 17.75; -11.25%
3. ICTV: PhP 2.40; -4.00%
4. LCB: PhP 0.26; -3.70%
5. MVC: PhP 0.96; -2.04%

VALUE TURNOVER:
1. MBT: PhP505 mn (close: PhP 58.50; +2.63%)
2. GEO: PhP 313 mn (close PhP 1.94; +5.43%)
3. TEL: PhP310 mn (close PhP 2,670.00; +2.30%)

VOLUME TURNOVER:
1. MA: 606 mn (close: PhP 0.023; +4.55%)
2. OPM: 572 mn (close PhP 0.018; unch)
3. OV: 542 mn (close PhP 0.020; +11.11%)