The days' market - September 10, 2007

With the Dow Jones Industrial Average (DJIA) down by 249.97 points last friday (closed at 13,11.97), the local equities market had nowhere to go but down. Huge drops like these in WallStreet still sends shudders to investors and leads to an immediate selloff.

PSEi previous close - 3332.97 (September 7, 2007)

time-----------down-----------PSEi
9:31-----------9.83
9:32----------18.39
9:33----------17.49
9:35----------18.53
9:36----------21.45
9:37----------30.13 ------------3302.84

After trying to hold above the 3300 level and limit its losses in the early going; the market falls and breaks the support level it was building on the past several days. The drop again accelerates.

9:38----------36.08-------------3296.89
9:40----------36.65
9:41-----------40.38
9:43-----------41.09
9:47-----------41.64
9:54-----------52.73------------3280.24

The market consolidates near the 3280 level for the rest of the uneventful trading session.

9:57-----------53.03
10:02---------53.67
10:05---------50.35
10:06--------44.35

10:09--------47.10
10:14--------44.74
10:20-------43.88

10:33-------48.26
10:47-------43.96
10:52-------45.06
11:02--------49.65

11:04--------55.11
11:06--------56.62
11:07--------52.53
11:08--------58.18

11:12--------57.55
11:15--------59.43
11:17--------60.66
11:25--------61.30-------------3271.67 (the day's low)

The support at 3267 held today.

11:33-------59.18
11:39-------60.34
11:44-------56.40
11:46-------55.07
11:51-------52.79
11:55-------51.04
11:58-------48.94
12:01-------51.89-------------3281.08 (-1.56%)
Market Close.

Advancers 16
Decliners 98

Value turnover: PhP 3.362 bn
Cross transactions: PhP 1.687 bn
Block Sales: PhP 166 mn

Sectoral Indices.
Holdings -3.04%
M-O -2.48%
Property -2.22%
Industrial -2.08%
Financial -1.33%
Services -0.29%

The Day's Top Gainers:
MPIW: PhP 2.85; +9.62%
CEI: PhP 0.00; +8.20%
PRC: PhP 3.80; +7.04%
PA: PhP 0.175; +6.06%
ACR: PhP 0.79; +5.33%

The Day's Biggest Decliners:
ILIB: PhP 0.62; -39.22%
PWR: PhP 0.26; -10.34%
ATS: PhP 1.60; -10.11%
PEP: PhP 0.48; -9.43%
AR: PhP 0.010; -9.09%