Today's market - October 08, 2007

The Dow Jones Industrial Average (DJIA) was up 91.70 points on Friday to close above the 14000 level. It ended at 14,066.01 on Friday.

PLDT ADRs were up by $1.31 to end at $70.42. At PhP44.80 to the dollar it is at around PhP 1354.00. Last Friday, PLDT closed at PhP 3100.

Gold prices were also up by $4.60 /ounce to end at $741.10 an ounce.

PSEi previous close - 3775.91 (October 5, 2007)

time---------------up-----------------PSEi
9:31------------28.92--------------3804.83

The 3800 was again immediately breached upon the opening bell.

9:32-----------29.60
9:33-----------30.82
9:34-----------28.36
9:36-----------31.95
9:40-----------27.63---------------3803.54 (day's low)
9:46-----------32.79
9:50-----------40.56
9:52-----------50.44---------------3826.35

The previous all-time high at 3820 was broken. The advance accelerates.

9:56-----------54.08
9:57-----------55.33
9:59-----------57.12
10:01----------57.95
10:03----------69.01

PLDT was at PhP 3210.

10:05----------73.95
10:06----------78.09---------------3854.00

Advancers 79 Decliners 6
Without any resistance levels as the market is now at uncharted territories, the PSEi moves even higher.

10:07-----------79.27
10:09-----------80.03
10:11-----------83.89
10:12-----------89.96
10:13-----------95.88
10:14-----------98.10--------------3874.01

The market consolidates its gains in the next 15 minutes.

10:17----------93.81
10:18----------91.63----------------3867.54

10:23----------93.68
10:25----------94.99
10:30----------95.56
10:32----------97.59
10:33--------104.14----------------3880.05

Another surge brings the day's gains above the century mark.

10:36--------101.90
10:38--------103.16
10:39--------109.74
10:41--------107.07
10:42--------112.47
10:45--------113.93
10:51--------119.58
10:52--------120.83----------------3896.74

The 3900 level proves to be a resistance and the market pulls back.

10;53--------115.81
11:01--------114.67

11:03--------116.95
11:08--------112.04
11:09--------109.85
11:22--------101.17
11:28---------99.93-----------------3875.84

11:32--------105.89
11:33--------100.82
11:39---------98.86

11:41--------103.25
11:45---------97.73

11:47--------102.47
11:54---------99.83
11:59---------99.73
12:01---------97.59---------------3873.50 (+2.59%)
Market Close.

Advancers 76
Decliners 38

Value turnover: PhP 5.865 bn
Cross transactions: PhP 2.005 bn

The Market refuses to correct. The PSEi is now at new all-time high record levels.
But more than half (or 54.33 pts) of the day's rise is accounted for the rise in PLDT shares which close at PhP 3265.

Sectoral Indices.
Services +4.44%
Industrial +1.61%
Financial +1.51%
Property +1.40%
Holdings +1.30%
M-O +0.50%

The Day's Top Gainers:
AB: PhP 11.00; +19.57%
GO: PhP 0.36; +16.13%
FED: PhP 12.00; +14.29%
WIN: PhP 0.43; +13.16%
MIC: PhP 8.40; +12.00%
DIZ: PhP 3.90; +11.43%
ATI: PhP 4.30; +10.26%

The Day's Biggest Decliners:
PA: PhP 0.225; -16.67%
LAND: PhP 2.50; -16.67%
APM: PhP 0.016; -11.11%