The day's market - October 09, 2007

The Dow Jones Industrial Average (DJIA) was down by 22.28 (-0.16%)points overnight and closed at 14043.73.

PLDT ADRs were also up by $0.60 and closed at $71.02. But converting it at PhP 44.50 to the US dollar; it comes out to just PhP 3160. Yesterday, PLDT (TEL) shares last traded in the Philippine Stock Exchange (PSE) at PhP 3265.

Gold was also down by $8.60 to close at $732.50 an ounce.

PSEi previous close - 3873.50 (October 08, 2007)

time-------------down------------PSEi
9:31------------35.61------------3837.89

PLDT opened at PhP 3200; down PhP 65 from its previous close. The long overdue correction went underway.

9:32------------39.75
9:34------------47.54

Advancers 17 Decliners 30

9:35------------49.18
9:38------------51.35
9:39------------56.14
9:48------------56.31
9:49------------60.25
9:53------------63.18

Advancers 21 Decliners 47

9:59------------66.00
10:00-----------70.21
10:01-----------71.31
10:03-----------73.70-----------3799.80

The 3800 level is tested. Advancers 18 Decliners 59.

10:05-----------72.13
10:06-----------69.24
10:08-----------72.13
10:09-----------64.18-----------3809.32
10:11-----------68.57
10:11-----------71.60
10:12-----------74.63-----------3798.87

The 3800 level does not hold.

10:14-----------75.62----------3797.88
10:17-----------75.68
10:19-----------76.90
10:21-----------83.42----------3790.08

Advancers 25 Decliners 64

10:28-----------83.70
10:36-----------85.00
10:40-----------85.11
10:44-----------87.24

Advancers 26 Decliners 72

10:47-----------83.10
10:50-----------82.02
10:51-----------79.82
10:53-----------83.79
10:57-----------80.90
10:58-----------81.98

The market goes down another level in the last hour of trading.

11:00-----------86.51----------3786.99
11:01-----------87.64
11:03-----------86.93
11:06-----------85.62
11:12-----------86.18
11:17-----------91.36----------3782.14

Advancers 28 Decliners 82

11:18-----------89.78
11:19-----------86.77
11:20-----------91.15
11:22-----------90.57
11:24-----------91.97

11:25-----------95.26
11:28-----------96.39
11:29-----------93.99
11:30-----------92.11
11:36-----------93.60
11:37-----------91.83
11:38-----------93.41
11:39-----------98.72----------3774.78

Advancers 34 Decliners 84. PLDT traded at PhP 3175.

11:41----------97.86
11:44----------99.95-----------3773.55
11:48----------96.79
11:49----------98.61
11:50----------96.09
11:53----------95.57
11:54----------93.29
11:57----------98.12
11:58----------94.29
11:59---------100.50-----------3773.00
12:01----------97.50-----------3776.00 (-2.52%)
Market Close.

Advancers 41 Decliners 85
PLDT closed at PhP 3170

Value turnover: 4.113 bn


Sectoral Indices.
Property -3.89%
Holdings -2.95%
Sevices -2.50%
M-O -2.38%
Industrial -1.26%
Finanial -1.12%

The Day's Top Gainers:
DIZ: PhP 5.80; +48.72%
CA: PhP 13.00; +30.00%
TBGI: PhP 3.40; +19.30%

The Day's Biggest Decliners:
OMW2: PhP 0.0095; -13.64%
MHC: PhP 0.59; -10.61%
MEG: PhP 3.90; -6.02%