The day's market - October 05, 2007

The Dow Jones Industrial Average (DJIA) closed up by 6.76 points to end at 13974.31.

PSEi previous close - 3775.46 (October 04, 2007)

time------------change-----------PSEi
9:31------------up 25.84---------3801.30

The 3800 level is once again challenged.

9:32------------up 28.28---------3803.74

PLDT traded at PhP 3080, up from its previous close of Php 3040.

9:33------------up 29.90
9:34---------------31.30
9:35---------------33.08---------3808.54

9:37---------------31.05
9:38---------------32.27
9:41---------------39.01
9:42---------------39.16---------3814.62 (day's high)

9:43---------------38.58
9:45---------------34.78
9:47---------------27.57
9:48---------------24.96---------3800.42

The 3800 temporarily holds.

9:49-----------up 30.85
9:55--------------34.85----------3810.31
10:03-------------29.33----------3804.79

10:07----------up 23.86----------3799.32
10:09-------------23.23

Advancers 44 Decliners 24

10:12----------up 26.09----------3801.55

10:14-------------20.78----------3796.24

The 3800 fails to hold as a support and the market gives back its gains.

10:15----------up 19.84
10:17-------------18.62
10:18-------------19.84
10:19-------------21.20

The decline accelerates.

10:21----------up 17.30
10:22-------------16.23
10:30-------------14.09
10:33-------------12.99
10:35--------------9.04
10:36--------------8.33
10:37--------------8.96
10:38--------------7.10
10:41-------------11.80
10:43-------------13.45-----------3788.91

10:46-----------up 6.73
10:48--------------2.99
10:49--------------2.51

10:52--------down 0.18

Advancers 33 Decliners 57

10:54----------up 0.02
10:55-------------1.89
10:58-------------2.31

10:59--------down 2.59
11:01-------------6.58
11;02-------------7.52
11:08------------13.38
11:12------------14.22
11:21------------14.75
11:23------------16.42------------3759.04 (day's low)

11:27-------down 11.85
11:28-------------6.00
11:29-------------9.89
11:31-------------9.46
11:35------------12.89
11:34-------------8.95
11:48-------------4.36
11:51-------------3.00
11:54-------------1.42
11:55-------------0.32

11:56---------up 0.39

11:58-------down 7.17
11:59------------4.76
12:01---------UP 0.45------------3775.91(+0.01%)
Market Close.

Advancers 45
Decliners 66

The Philippine Stock Exchange Index (PSEi) chart is currently forming a double top pattern. A correction from this week's more than 200 point advance (+5.68%) may be seen soon.
Select thirdliner issues are again active.
The Bangko Sentral ng Pilipinas (BSP) cut its policy rates by 25 basis points on Thursday. This brings the rate at which the BSP borrows and lends to 5.75% and 7.75% respectively.

Value turnover: PhP 6.779bn
Cross transactions: PhP 1.901 bn
Block sales: PhP 176 mn

Sectoral Indices.
Services +1.25%
Financial +0.85%
Property -0.08%
M-O -0.76%
Industrial -1.40%
Holdings -1.84%

The Day's Top Gainers:
FED: PhP 10.50 +40.00%
MIC: PhP 7.50; +22.95%
AB: PhP 9.20; +22.67%
PA: PhP 0.27; +14.89%
TUNA: PhP 2.08; +14.29%
MHC: PhP 0.66; +10.00%

The Day's Biggest Decliners:
PAX: PhP 11.25; -11.76%
KEP: PhP 1.80; -11.76%
GO: PhP 0.31; -8.82%
IMP: PhP 17.00; -8.11%