The day's market - September 13, 2007

The Dow Jones Industrial Average (DJIA) closed higher by 16.74 points to close at 13291.65.

The market just hovered near the 3300 level.

PSEi previous close - 3307.60

time-----------change-------------PSEi
9:31-----------up 3.70-----------3311.30
9:37--------------3.20

Advancers 24 Decliners 7

9:38----------up 2.70
9:42-------------1.69

Advancers 30 Decliners 9

9:44----------up 1.49

After a relatively weak opening, the market slowly gained ground.

9:51----------up 4.59
9:55-------------5.39
9:58-------------7.84
9:59-------------9.06
10:02-----------10.08
10:04-----------13.83
10:09-----------17.34
10:14-----------18.01----------3325.61 (day's high)

The market drifted sideways in the next half hour.

10:16--------up 15.92
10:20-----------16.50
10:25-----------15.48
10:33-----------13.69
10:37-----------12.83

Advancers 44 Decliners 24

10:39-------up 13.15
10:41----------11.26
10:44----------12.32
10:45----------15.99

Advancers 49 Decliners 26

The market suddenly gave back most of its gains as a selldown ensues.

10:54-------up 3.61
11:04----------4.36
11:07----------2.33
11:08----------1.36

For the next 10 minutes the market was flat.

11:18-------up 1.36

Advancers 45 Decliners 35

As the number of decliners increase, the market moves into the negative territory.

11:19------down 0.51
11:21-----------1.21
11:22-----------0.53
11:23-----------0.03

The PSEi tries to stay on the upside.

11:25--------up 1.59
11:26-----------0.57

The market fails to hold its ground. Selling pressure increased. Some profit taking set in, but mostly, investors are still cautious.

11:27-------down 1.46
11:29------------2.09
11:30------------3.61
11:31------------5.25
11:33------------5.88
11:36------------7.22----------3300.88

The 3300 support is broken.

11:39------down 11.04----------3296.56
11:41------------9.40
11:43------------8.86
11:45------------8.18
11:46------------7.52----------3300.08

11:50------down 10.42
11:52------------9.03
11:53------------8.22----------3299.38
11:58------------9.52
12:01----------18.38-----------3289.22(-0.55%)
Market close.

Advancers 38
Decliners 59

A last minute selldown had the market close at its day's low.
Gold prices were still above the $700 an ounce level.
World Oil/Crude Prices was near the $80 per barrel level after rising on US Stock pile drop and storms.
The Peso was stronger today in the morning trade and was just above the PhP 46.50 level.

Sectoral Indices.
M-O -1.24%
Property -0.99%
Industrial -0.61%
Holdings -0.40%
Financial -0.22%
Services -0.19%

The Day's Top Gainers
MED: PhP 0.65; +47.73%
SPM: PhP 1.30; +16.07%
APM: PhP 0.014; +7.69%
DIZ: PhP 3.20; +6.67%
JTH: PhP 25.50; +6.25%

The Day's Biggest Decliners
LSC: PhP 1.16; -17.14%
REG: PhP 1.70; -15.00%
TUNA: PhP 1.78; -10.10%
PO: PhP 3.45; -9.21%
PECB: PhP 25.00; -9.09%
ION: PhP 1.48; -7.50%
PX: PhP 6.30; -4.55%
ICTV: PhP 1.78; -4.30%
UW: PhP 0.23; -4.17%
PEP: PhP 0.50; -3.85%