The day's market - October 10, 2007

The Dow Jones Industrial Average (DJIA) was up 120.80 points (+0.86%) to close at 14164.53.
Day's Range: 14034.39 - 14166.97
52wk Range: 11,762.70 - 14,198.80

The rise in WallStreet had Asian markets open up at new record levels and the Philippine Stock Market was not to be left behind.

PSEi previous close - 3776.00 (October 09, 2007)

time-------------up------------PSEi
9:31------------14.98---------3790.98
9:32------------16.85
9:33------------22.12---------3798.12
9:34------------30.98---------3806.98

The 3800 level is breached. The market advance continues.

9:35------------35.49
9:36------------38.80
9:48------------40.08
9:50------------41.18
9:59------------42.20
10:01-----------43.77
10:02-----------44.87
10:03-----------45.44
10:04-----------46.29
10:06-----------47.80
10:09-----------50.75--------3826.75

A minor consolidation ensued.

10:13-----------44.56
10:20-----------45.74
10:26-----------44.30
10:36-----------50.00--------3826.00

The market advances some more and moves to a higher level.

10:44-----------51.52
10:52-----------59.21
10:55-----------56.14
11:05-----------55.82
11:07-----------56.39
11:10-----------58.38
11:11-----------59.02
11:12-----------59.32-------3835.32

Advancers 71 Decliners 33

11:14-----------60.42
11:16-----------60.86
11:19-----------62.10
11:28-----------65.01-------3841.01 (day's high)

11:31-----------61.39
11:35-----------63.05

11:37-----------58.44
11:39-----------55.86
11:40-----------54.93

11:42-----------61.25
11:45-----------58.35
11:47-----------57.45
11:52-----------55.04

11:55-----------58.45
11:57-----------54.79
11:58-----------58.53
11:59-----------59.82
12:01-----------58.71-------3834.71 (+1.56%)
Market Close.

Advancers 84
Decliners 38

Volume turnover: PhP 4.801 bn
Cross transactions: PhP 1.799 bn

Immediate Support: 3740 - 3770
Immediate Resistance: 3870 - 3900

Another strong run up in WallStreet (given that it closed near its high) may carry local equities higher. But given that there is no trading on Friday, profit takers and sellers may take advantage ahead of the coming long weekend.


Sectoral Indices.
Holdings +3.33%
Property +2.41%
Financial +1.88%
M-O +1.79%
Industrial +1.68%
Services -0.41%


The Day's Biggest Gainers:
DIZ: PhP 8.70; +50.00%
MPIW: PhP 3.70; +15.63%
TDY: PhP 5.20; +15.56%
MPI: PhP 4.70; +11.90%
JOH: PhP 2.08; +11.83%
SINO: PhP 0.48; +11.63%
PSE: PhP 910.00; +10.98%
BHI: PhP 0.23; +9.52%
ISM: PhP 0.049; +8.89%
MHC: PhP 0.64; +8.47%

The Day's Biggest Decliners:
GO: PhP 0.30; -16.67%
JTH: PhP 25.00; -15.25%
ABA: PhP 0.011; -8.33%
AR: PhP 0.012; -7.69%
ABAB: PhP 0013; -7.14%