The day's market - October 30, 2007

The Philippine Stock Exchange (PSE) opened today to resume trading after a long weekend. But on Thursday, it will again close for another extended holiday.

Dow Jones Industrial Average (DJIA)
date----------------change-------------close
October 26-------up 134.78-----------13806.70
October 29-------up 63.56------------13870.26

WallStreet seems to have factored in a 25 basis points rate cut after Federal Reserve Board's Meeting this week.

Gold is nearing the $800 an ounce level and Oil prices were near record levels at $ 93 a barrel.

PSEi previous close - 3784.88 (October 26, 2007)

time-----------change------------PSEI
9:31--------up 18.99------------3803.87

With WallStreet charging up by around two hundred (200) points the last two trading days, the local equities market played catch up immediately and broke the 3800 level.

9:32--------up 23.40
9:33-----------25.06
9:35-----------26.77
9:36-----------32.16-------------3817.04

The Peso was at PhP 43.999 vs the $ US.

9:38--------up 31.08
9:39-----------28.06
9:40-----------30.47
9:42-----------32.86-------------3817.74 (the day's high)

The market retreats after the short initial burst.

9:45--------up 26.67
9:50-----------19.87
9:51-----------16.72
9:52-----------16.09------------3800.97

The 3800 level is tested if it would hold as a support.

9:53-------up 17.21-------------3802.09
9:54----------13.82
9:58----------12.62-------------3797.50
10:00---------16.44
10:06---------17.54
10:07---------18.17-------------3803.05
10:09---------14.14
10:12---------11.30-------------3796.18

The markets falls through the 3800 level.

10:13------up 9.90
10:14----------6.61
10:18----------5.15
10:22----------4.86------------3789.74

10:26----down 0.56

The market moves to negative territory.
Adavncers 63 Decliners 29

10:27----down 1.41
10:31----------0.47
10:32----------3.64

10:34-------up 2.99
10:38----------1.35
10:40----------0.64

10:48----down 2.75
10:49----------7.21
10:50----------9.96---------3774.92 (the day's low)

10:57----------7.40
11:01----------3.01
11:05----------3.30
11:06----------5.58
11:20----------3.20
11:25----------0.78

The market struggles to go higher for the rest of the trading day.

11:26-------up 0.46
11:32-----down 4.78

PLDT trading at PhP 3010 from its previous close of PhP 3070.
Advancers 61 Decliners 46.

11:33-----down 1.41
11:34-----------2.09
11:37-------up 0.80
11:41----------0.17
11:44----down 2.04
11:46-------up 1.62
11:47----------3.22
11:51----down 6.03
11:52----------7.94
11:54----------9.30
11:56----------2.54
11:58----------6.38
11:59-------up 0.86
12:01-----down 1.45---------3783.43 (-0.04%).
Market Close.

Advancers 68
Decliners 48

Value turnover: PhP 5.390 bn
Cross transactions: PhP 1.823 bn

Sectoral Indices.
M-O +2.60%
Holdings +1.51%
Industrial +1.22%
Property +0.45%
Financial +0.07%
Services -1.33%

The Day's Top Gainers:
DMC: PhP 10.75; +14.36%
PSE: PhP 1300.00; +13.04%
ATS: PhP 1.58; +8.22%
APX: PhP 5.70; +7.55%
SCC: PhP 6.17; +6.17%

The Day's Biggest Decliners:
CAT: PhP 2.30; -30.30%
ZIP: PhP 2.90; -19.44%
T: PhP 15.00; -16.67%
DHC: PhP 9.00; -12.20%
SOC: PhP 1.60; -11.11%
UPM: PhP 0.87; -10.31%