The day's market - September 06, 2007

The Dow Jones Industrial Average (DJIA) was down by 143.39 points (-1.07%) and closed at 13305.47. Another big drop in WallStreet had investors concerned and the local equities market opened lower.

PSEi previous close - 3342.35 (September 05, 2007)

time----------------down-----------PSEi
9:31-----------------17.67-----------3324.68
9:32-----------------19.04
9:33-----------------21.02
9:34-----------------21.28
9:36-----------------27.24
9:40-----------------28.40
9:43-----------------29.97
9:48-----------------32.83----------3309.52

9:49-----------------30.06
9:51-----------------26.84
9:56-----------------29.69
9:59-----------------30.90
10:05---------------32.85-----------3309.50 (day's low)

10:08---------------28.90
10:11---------------24.92
10:13---------------23.70
10:17---------------22.05
10:31---------------21.62
10:35---------------21.71

Advancers 18
Decliners 71

10:41---------------20.12
10:44---------------24.72----------3317.63

The market hovered at around the 3320 level for the rest of the trading session.

10:53---------------24.35
11:11---------------20.08
11:22---------------22.83
11:31---------------23.87
11:34---------------21.92
11:43---------------21.56
11:45---------------18.68
11:48---------------21.11
11:54---------------21.47
11:58---------------19.55
11:59---------------17.96
12:01---------------15.82------------3326.53 (-0.47%)
Market Close.

Advancers 41
Decliners 66

Value turnover: PhP 3.454 bn
Cross transactions: 1.404 bn
Block sales: PhP 543 mn

It is a very good signal that the market was able to hold above the 3,300 level and limit its losses, despite the big drop in the US equities market overnight.
The Philippine Stock market also was perked up by brisk trading in select thirdliner stocks which kept investors and punters busy.


Sectoral Indices.
Services +0.09%
M-O +0.03%
Financial -0.17%
Holdings -0.85%
Industrial -1.15%
Property -1.46%


TOP GAINERS:
1. PA: PhP0.165; +50.00%
2. CDC: PhP1.96; +22.50%
3. IS: PhP0.195; +11.43%

WORST DECLINERS:
1. LSC: PhP1.16; -17.14%
2. IMP: PhP15.00; -9.09%
3. DFNN: PhP9.10; -7.14%

VALUE TURNOVER:
1. TEL: PhP365 mn (close: PhP2,720.00; +0.37%)
2. ALI: PhP327 mn (close PhP14.00; -1.75%)
3. PA: PhP272 mn (close PhP0.165; +50.00%)

VOLUME TURNOVER:
1. PA: 1,965 mn (close: PhP0.165; +50.00%)
2. OV: 279 mn (close PhP0.024; +4.35%)
3. OPM: 243 mn (close PhP0.022; unch)