The day's market - October 18, 2007

The Dow Jones Industrial Average (DJIA) ended lower by 20.40 points (-0.15%) after being up early in WallSteet's trading day. It continued to languish below the 14,000 level and even fell below 13,800 before closing at 13,892.54.
Day's Range: 13,774.67 - 14,012.84
52wk Range: 11,939.60 - 14,198.10

Oil: $87.40
Gold: $757.50

PSEi previous close: 3760.04 (October 17, 2007)

time---------change----------PSEi
9:31---------down 6.95-------3753.09 (day's low)
9:32--------------4.43
9:36--------------0.85
9:41--------------3.50
9:43--------------0.29
9:44-----------up 0.01
9:46---------down 0.42
9:48-----------up 0.29

The market was able to stay in positive territory.

9:52-----------up 1.03
9:53--------------2.25
9:56--------------6.71
10:05-------------8.26

10:14----------up 4.42
10:29-------------9.84
10:33------------14.00----------3774.04

There seems to be a lack of momentum for the market to go higher. It trades in a narrow range for the rest of the trading day.

10:38----------up 8.52
10:44-------------7.01

Advancers 38 Decliners 49. Losers still outnumbered gainers.

10:46----------up 5.39
10:47-------------3.58-----------3763.62

10:49----------up 4.94
10:52------------10.86
10:59-------------6.27
11:11-------------8.78
11:18------------11.29
11:29-------------8.55
11:39------------11.34
11:48-------------7.63
11:53------------13.90
11:54------------16.79------------3776.83 (day's high)
11:55------------14.33
11:58------------13.70
12:01------------11.08-------------3771.12 (+0.70%)
Market Close.

Advancers 49
Decliners 63

Value turnover: PhP 4.710 bn
Cross transactions: PhP 2.269 bn

Investors are still cautious with the record high World Oil prices and the failure of the DJIA to hurdle the 14,000 level.

Sectoral Indices.
Property +1.84%
Holdings +1.12%
M-O +0.66%
Financial +0.32%
Services -0.26%
Industrial -0.29%

The Day's Top Gainers:
DHC: PhP 10.25; +13.89%
ABAB: PhP 0.013; +8.33%
FLI: PhP 1.94; +7.78%

The Day's Biggest Decliners:
APR: PhP 3.45; -11.54%
OMW2: PhP 0.010; -9.09%
RLT: PhP 0.53; -8.62%