The day's market - November 28, 2007

DOW JONES INDUSTRIAL AVERAGE (DJIA) summary
Index Value: 12,958.44
Trade Time: Nov 27
Change: Up 215.00 (1.69%)
Prev Close: 12,743.44
Open: 12,744.78
Day's Range: 12744.78 - 12991.85

WallStreet is once again knocking on the 13000 level after a strong rebound from the previous day's steep drop. It was another huge swing that underscores volatility in the US.
Abu Dhabi fund buys 4.9% stake in Citigroup for US$7.5 billion.

TEL (PLDT) up $1.30 to close at $71.30

New York Metal and Oil Report
Gold down $11.20 - $812.60 / $813.10
US Oil down $3.28 - $ 94.42

The advance in the DJIA had an initial euphoric effect on the local equities market.

PSEi previous close - 3524.19 (November 27, 2007)

time-------------up-------------PSEi
9:31------------20.89----------3524.19

Advancers 30 Decliners 0

9:32------------30.31----------3554.50

The 3550 level initial resistance is broken.

9:33------------35.39
9:34------------38.97
9:35------------42.34
9:36------------45.46
9:37------------45.65

PhP 42.758 vs US$ 1.00
The market tries to consolidate its early gains.

9:42------------38.85
9:45------------37.76
9:47------------38.99
9:48------------35.39
9:49------------34.85
9:51------------37.47
9:54------------42.86
9:56------------41.31

Advancers 66 Decliners 6
TEL has not yet traded. Buying is at PhP 3030 and selling at PhP 3050. Previous close is at PhP 3010.

10:04----------47.84-----------3572.03 (the day's high)

TEL opened trading at phP 3030.

10:10----------44.56
10:13----------43.20
10:18----------42.82
10:27----------38.62
10:31----------41.80
10:33----------42.48
10:37----------38.55
10:41----------34.93
10:42----------32.07
10:49----------34.07
10:54----------31.66
10:58----------30.67
10:59----------25.02-----------3549.21

A sudden break below the 3550 level has the market reverse and give up most of its gains in the last hour of trading.

11:02---------21.74
11:06---------20.25
11:08---------16.11
11:10---------17.59
11:13---------16.47
11:15---------15.79
11:17---------14.81

11:19---------15.96
11:21---------17.51
11:23---------18.66

11:24---------17.53
11:25---------14.70
11:27---------13.02
11:30---------12.57
11:34---------12.03
11:35---------11.50

Advancers 62 Decliners 43

11:38---------12.35
11:41---------11.32
11:42----------9.36
11:43----------7.05
11:45----------5.90
11:46----------2.79
11:47----------0.29------------3524.48 (the day's low)

11:48----------2.29
11:50----------4.34
11:54----------6.93
11:55----------7.73
11:56----------8.18
11:57----------8.45
11:58----------4.95
11:59---------10.01
12:01---------12.81------------3537.00 (+0.36%)
Market Close.

Advancers 64
Decliners 48

Value turnover: PhP 3.851 bn
Cross transactions: PhP 1.773 bn

Sectoral Indices.
M-O +1.49%
Industrial +1.27%
Financial +0.82%
Services +0.23%
Property -0.28%
Holdings -0.28%

The Day's Top Gainers:
LIHC: PhP 10.25; +46.43%
PWR: PhP 0.29; +31.82%
PO: PhP 4.80; +11.63%
DHC: PhP 10.00; +11.11%

The Day's Biggest Decliners:
PF: PhP 40.00; -33.33%
TDY: PhP 5.00; -21.88%
ABAB: PhP 0.01; -9.09%
MED: PhP 0.50; -9.09%

The day's market - November 27, 2007

Market Comments on yesterday's trading.
BusinessWorld - November 27, 2007

***..."support" should read as resistance. Yesterday, the 3500 level was a resistance. Today, it is a support.


Volatility still hounds the US equities market. With WallStreet suffering another huge drop, sentiment was negative upon the opening bell.

PSEi previous close - 3537.29 (November 26, 2007)

time-----------down-----------PSEi
9:31------------23.64---------3513.65

Advancers 1 Decliners 23

9:32------------25.19
9:33------------27.90
9:35------------27.35

It was a welcome surprise that the market has not yet gone down steeply

9:36------------30.12
9:37------------30.34--------3506.95 (the day's low)

Advancers 4 Decliners 42
PhP 42.999 vs US$ 1.00
The strength of the 3500 level as a support was tested.

9:38-----------25.92
9:39-----------28.86
9:44-----------24.55
9:52-----------23.67
10:02----------24.04
10:05----------20.18
10:07----------19.54
10:09----------18.87

PhP 42.981 vs US$ 1.00
The market holds and consolidates above the 3500 level.

10:13----------23.19
10:15----------26.56---------3510.73
10:22----------23.05

Trading in the second and thirdliner stocks somehow picked up.

10:30---------15.76
10:34---------14.37
10:35---------13.83
10:36---------12.95
10:38---------12.22

Advancers 17 Decliners 67
PhP 42.981 vs US$ 1.00

10:39---------11.55
10:42---------11.04----------3526.25

10:44---------14.36
10:47---------15.85
10:48---------16.53
10:49---------17.40
10:51---------17.59
10:55---------19.31
10:58---------19.69
11:05---------20.35
11:12---------21.36---------3515.93

PhP 42.965 vs US$ 1.00

11:20---------20.82
11:31---------18.58
11:32---------17.79
11:35---------16.58
11:41---------15.94

PhP 42.913 vs US$ 1.00

11:47---------17.24
11:50---------14.36
11:53---------12.58
11:57----------9.86---------3527.43 (the day's high)
11:58---------10.74
11:59---------15.59
12:01---------13.10---------3524.19 (+0.37%)
Market Close.

Advancers 32
Decliners 70

The market decline was not as steep as the previous drops when the DJIA suffered triple digit losses. The 3500 level also held as a support.
This could be a signal that the local equities market may be able to decouple with WallStreet.

PhP 42.894 vs US$ 1.00
Value turnover: PhP 3.036 bn
Cross transactions: PhP 1.210 bn
Block Sale: PhP 58,422,000,000 (6 billion shares of EDC at PhP 9.737)

Sectoral Indices.
Services +0.31%
Industrial +0.02%
M-O -0.68%
Property -0.71%
Financial -0.80%
Holdings -1.46%

The Day's Top Gainers:
LIHC: PhP 7.00; +48.94%
PO: PhP 4.30; +14.67%
MED: PhP 0.55; +10.00%

The Day's Biggest Decliners:
PWR: PhP 0.22; -33.33%
ACR: PhP 0.73; -13.10%
FEU: PhP 810.00; -10.00%

The DJIA fails to hurdle the 13000 level

DOW JONES INDUSTRIAL AVERAGE (DJIA) summary
Index Value: 12,743.44
Trade Time: Nov 26
Change: Down 237.44 (1.83%)
Prev Close: 12,980.88
Open: 12,979.99
Day's Range: 12724.09 - 13037.30

The day's market - November 26, 2007

With the big advance in WallStreet on Friday and the steep rise in the price of Gold, the local equities market got a boost to go above the 3500 level. Asian markets were also higher in the morning trade.

New York Metal and Oil Report
Gold up $22.10 - $821.80/$822.30

PSEi previous close - 3494.44 (November 23, 2007)

time------------up-------------PSEi
9:31-----------7.76-----------3502.20

Advancers 6 Decliners 2

9:32----------11.34
9:33----------14.74

Advancers 26 Decliners 4
M-O +2.23%
Financial +0.73%
Industrial +0.72%
Holdings +0.48%
Services +0.10%
Property -0.39%

9:34----------15.03
9:35----------12.36

PhP 42.870 vs US$ 1.00

9:37----------17.02
9:38----------19.06
9:39----------19.54
9:44----------23.09
9:45----------27.38
9:49----------24.78
9:50----------28.57
9:55----------38.65

Advancers 54 decliners 9
M-O +3.42%
Holdings +1.88%
Financial +1.61%
Services +0.97%
Industrial +0.49%
Property +0.115

9:56---------42.27
9:57---------44.62
9:59---------48.73
10:04--------51.37
10:05--------53.81
10:10--------56.73
10:11--------59.18
10:13--------60.78
10:14--------62.34------------3556.78 (day's high)

10:16--------59.39
10:20--------60.06
10:29--------54.39
10:33--------56.73
10:35--------54.96

PhP 42.809 vs US$1.00

10:44--------52.00
10:54--------52.73
10:55--------55.49
10:58--------57.18
11:07--------54.22
11:11--------52.61
11:14--------49.32
11:19--------48.46
11:21--------45.35
11:23--------44.64
11:25--------45.64
11:27--------44.59
11:32--------43.90
11:34--------43.53
11:38--------45.88
11:39--------42.91
11:43--------48.09
11:50--------47.11
11:54--------40.62
11:58--------44.95
11:59--------45.06
12:01--------42.85-------------3537.29 (+1.23%)
Market Close.

Advancers 80
Decliners 23

Value turnover: PhP 3.840 bn
Cross transactions: PhP 1.669 bn

Sectoral Indices.
M-O +3.51%
Holdings + 2.45%
Financial +1.35%
Industrial +1.23%
Services +0.79%
Property -0.05%

The Day's Top Gainers:
LIHC: PhP 4.70; +49.21%
GO: PhP 0.25; +25.00%
MED: PhP 0.50; +25.00%

The Day's Biggest Decliners:
RFM: PhP 0.70; -6.67%
MRC: PhP 0.46; -6.12%
I: PhP 5.10; -5.56%

The DJIA after Thanksgiving

After the thanksgiving break, Wall Street had a big rally in a shortened trading day to come within striking distance of the 13000 level again.

DOW JONES INDUSTRIAL AVERAGE(DJIA)summary

Index Value: 12,980.88
Trade Time: Nov 23
Change: 181.84 (1.42%)
Prev Close: 12,799.04
Open: 12,796.07
Day's Range: 12796.07 - 12980.88

The day's market - November 23, 2007

With WallStreet closed for Thanksgiving, there was no leads for the Philippine Stock Market. Trading in the local equities market was flat at just below the 3500 level. The computer system in trading was also not computing the Philippine Stock Exchange Index (PSEi) and it just gave intermittent updates starting at 10:00 am. To give us an idea on how trading of stocks was going, we just kept track of the number of gainers and decliners.

PSEi previous close - 3478.94 (November 22, 2007)

time-------Advancers-----Decliners
9:31-----------7-----------5
9:44----------14----------16

Financial +0.23%
Services +0.21%
M-O +0.09%
Industrial -0.06%
Property -0.34%
Holdings -0.96%

9:46----------15-------22
9:51----------18-------25
9:56----------19-------29

TEL was at PhP 3005 fromPhP 3000 previously
AC was at PhP 550 fro PhP 560 previously.
ALI was unchanged at PhP 15.75

10:00---------19------30

The PSEi was UNCH

10:08---------21------38
10:12---------29------40
10:30---------30------48

10:35 PSEi up by 1.63 points

10:38---------30------41

10:40 Php 43.157 vs $US 1.00
10:45 PSEi up by 1.13 points

10:52---------36------43

Financial +0.54%
Services +0.34%
Property +0.23%
M-O -0.15%
Industrial -0.71%
Holdings -0.84%

10:50 PSEi up by 0.48 points
11:00 PSEi up by 3.74 points

11:01---------40------40

11:20 PSEi up by 1.37 points

11:30---------50------38

Mining stocks start to become active.
M-O +1.06%
Financial +0.47%
Property +0.40%
Services +0.35%
Industrial -0.52%
Holdings -0.89%

11:30 PSEi up by 4.56 points-----3483.98

11:36--------56-------37

11:38 PhP 43.142 vs US$ 1.00

11:40 PSEi up by 5.76 points-----3484.70

11:52--------66-------34
11:58--------68-------37

12:01 PSEi up by 15.50 points----3494.44 (+0.45%)

Advancers 71
Decliners 30

Value turnover PhP 3.890 bn
Cross tranactions phP 1.828 bn

Sectoral Indices.
M-O +2.71%
Property +1.14%
Services +0.52%
Financial +0.37%
Industrial -0.35%
Holdings -0.41%

INDEX ISSUES:
Top Gainers:
LC +6.82%
LCB +6.25%
Biggest Decliners:
SMC -6.59%
SMCB -3.30%

The Day's Top Gainers:
LIHC: PhP 3.15; +48.58%
ABAB: PhP 0.011; +10.00%
APX: PhP 6.00; +9.09%
RFM: PhP 0.75; +8.70%

The Day's Biggest Decliners:
T: PhP 10.00; -32.20%
MED: PhP 0.40; -29.82%
PO: PhP 3.75; -11.76%
APM: PhP 0.013; -7.14%
SMC: PhP 43.00; -6.59%

Today, TKC Steel Corporation (T) resumed its trading. It last traded on November 7, 2007 at PhP 14.75. It just completed its secondary offering at the price of PhP 9.68. Even if it is the day's biggest decliner; investors who subscribed to the secondary offering gained 3.30%.

The day's market - November 22, 2007

Market Comments on yesterday's trade.
BusinessWorld - November 22,2007 (The same comment appears in The Philippine Star)

DOW JONES INDUSTRIAL AVERAGE (DJIA) summary
Index Value: 12,799.04
Trade Time: Nov 21
Change: Down 211.10 (1.62%)
Prev Close: 13,010.14
Open: 13,006.65
Day's Range: 12786.52 - 13007.71

Gold up $6.10 to close at $799.70/$800.20
US Oil $98.04

With another steep drop in WallStreet (and well below the 13000 level at that), the local equities market immediately drops below the 3500 support level.

PSEi previous close - 3485.12 (November 21,2007)

time-------------down----------PSEi
9:31------------25.37---------3485.12

Advancer 1 Decliners 38

9:32----------26.97
9:33----------29.87
9:35----------38.02
9:36----------41.06

Advancers 2 Decliners 58
PhP 43.351 vs US$ 1.00

9:37----------46.74
9:38----------51.65

Advancers 3 Decliners 60

Though the drop of the PSEi seems to have tapered off, the number of decliners still increases. The market moves sideways for around the next two hours.

9:40---------52.70

Advancers 3 Decliners 65

9:43---------48.21
9:44---------54.13
9:45---------48.48
9:46---------51.02

Advancers 3 Decliners 77

9:48--------52.06
9:49--------54.32
9:50--------54.59------------3455.90 (day's low)

Advancers 2 Decliners 81

9:53-------49.44

Advancers 2 Decliners 84

9:56-------49.51
10:03------48.87
10:08------46.89

Advancers 6 Decliners 88

10:10------47.43------------3463.73

Advancers 6 Decliners 89
PhP 43.322 vs US$ 1.00

10:14------43.26

Advancers 6 Decliners 90

10:24------49.37
10:27------50.92
10:28------51.60
10:31------47.10
10:33------46.06
10:41------49.92
10:55------48.70

Advancers 19 Decliners 93

10:58------51.81
10:59------53.53
11:07------50.88
11:09------48.48
11:16------44.11
11:19------46.83
11:23------41.86
11:24------45.85
11:25------47.51
11:27------42.72
11:36------42.41

The market tries to limit its losses in the last 20 minutes of trading.

11:39-----37.37
11:42-----35.71
11:50-----40.26
11:55-----35.50
11:56-----36.41
11:59-----32.91
12:01-----31.55-------------3478.94 (-0.90%)
Market Close.

Advancers 35
Decliners 72

The immediate support is seen at the 200 day moving average (m.a.) at 3437.
Today's drop in the Philippine Stock Exchange Index (PSEi) opened a chart gap at the 3505-3485 level.

Value turnover: PhP 4.292 bn
Cross transactions: PhP 1.166 bn

Sectoral Indices.
Industrial +0.28%
Financial -0.54%
M-O -0.78%
Services -0.95%
Property -1.28%
Holdings -1.62%

The Day's Top Gainers:
LIHC: PhP 2.12; +49.30%
TDY: PhP 6.40; +39.13%
CSB: PhP 23.00; +15.00%
EDC: PhP 6.90; +9.52%

The Day's Biggest Decliners:
GO: PhP 0.20; -25.93%
APR: PhP 3.00; -18.92%
SGI: PhP 0.61; -12.86%
TUNA: PhP 1.50; -9.64%

The day's market - November 21, 2007

DOW JONES INDUSTRIAL AVERAGE (DJIA) summary

Index Value: 13,010.14
Trade Time: Nov 20
Change: 51.70 (0.40%)
Prev Close: 12,958.44
Open: 12,955.92
Day's Range: 12,840.17 - 13,107.37
52wk Range: 11,939.60 - 14,198.10

New York Metal and Oil Report
Gold up $15.80 to close at $793.60/$794.10

Trading in WallStreet is still volatile and it barely holds above the 13000 level. With investors sill looking for leads, the local equities market just tests the 3500 level.

PSEi previous close - 3540.61 (November 21,2007)

time----------down------------PSEi
9:31---------19.19-----------3521.42

Advancers 16 Decliners 12
Even though advancers led gainers, select blue chip issues dragged the Philippine Stock Exchange Index (PSEi) down. TEL was down at PhP 3000 from 3015 previously and AC was down at PhP 560 from PhP 570 previously.


9:32--------13.29
9:33--------16.16
9:34--------13.13
9:35--------22.51
9:37--------22.82
9:38--------25.22

9:40--------21.16
9:41--------23.25

Advancers 29 Decliners 16
PhP 43.189 vs $US 1.00

9:43-------23.92
9:44-------27.71
9:45-------30.15--------------3510.46
9:47-------25.49
9:47-------23.07
9:49-------27.99
9:51-------29.84
9:52-------30.36--------------3510.25

Advancers 30 Decliners 30

10:01------26.18
10:04------29.69

Advancers 28 Decliners 36

10:08------30.71--------------3509.90

Asian equities markets were down at this point. Hongkong is down by 557 points and Japan nearly 200 points.

10:15------23.87
10:20------21.07
10:26------22.09
10:30------20.93
10:33------22.67

Advancers 32 Decliners 48

10:38------21.55
10:39------22.89
10:45------20.62
10:46------23.00

Advancers 29 Decliners 51

10:48------26.02
10:50------26.08
10:51------25.04
10:53------29.63
10:54------31.94--------------3508.67

Advancers 28 Decliners 54

10:56------28.39
11:00------11.56

The losses are abruptly cut.

11:01------15.71
11:04------14.99
11:07------15.19
11:08------11.79
11:11-------8.45

Advancers 30 Decliners 62

11:12-------6.96
11:15-------6.80--------------3533.81

11:17-------9.70
11:24------13.26
11:25------11.55

As abruptly as the losses were cut at around 11 am; panic selling suddenly sets in. Though the index does not drop steeply, the hardest hit were the second and third liners as the number of decliners increased.

11:26------14.85

Advancers 28 Decliners 70

11:28------21.15
11:30------24.46

Advancers 27 Decliners 76
At this point, asian stock markets are still mostly lower. The Hangseng index (Hongkong) was now down by 888 points and the Japanese Nikkei still lower by around 200 points.


11:33------28.51

Advancers 25 Decliners 81
PhP 43.193 vs $US 1.00

11:37------30.41
11:38------31.13

Advancers 23 Decliners 84

11:39------34.16
11:41------34.77

Advancers 21 Decliners 87

11:43------33.37

Advancers 20 Decliners 90

11:44------32.17

Advancers 19 Decliners 91

11:46------34.28

Advancers 21 Decliners 92

11:51------34.79
11:54------28.22
11:56------26.91--------------3513.70
11:57------32.48

Advancers 20 Decliners 95

11:58------34.47
11:59------32.54
12:00------35.08--------------3505.53 (the day's low)
12:01------30.12--------------3510.59 (-0.99%)
Market Close.

Advancers 24 Decliners 80

Value turnover: PhP 3.842 bn
Cross transactions: PhP 1.117 bn

Sectoral Indices:
Financial +0.23%
Services -0.08%
Holdings -0.67%
Property -0.74%
M-O -2.62%
Industrial -2.94%

THE DAY'S TOP GAINERS:
1. LIHC: PhP1.42; +49.47%
2. CSB: PhP20.00; +42.86%
3. MED: PhP0.57; +42.50%
4. JOH: PhP 1.80; +16.88%
5. LR: PhP 2.50; +8.70%

THE DAY'S BIGGEST DECLINERS:
1. LAND: PhP2.00; -20.00%
2. PO: PhP0.40; -18.27%
3. CAC: PhP1.40; -17.65%
4. SPM: PhP 1.10; -16.67%
5. AJO: PhP 0.11; -15.38%
6. SPC: PhP 2.12; -13.82%
7. EDC: PhP 6.30; -10.00%
8. LC: PhP 0.45; -10.00%


TOP TRADED STOCKS:
VALUE TURNOVER:
1. TEL: PhP462 mn (close: PhP3,020.00; +0.16%)
2. EDC: PhP309 mn (close PhP6.30; -10.00%)
3. ALI: PhP242 mn (close PhP16.00; unch)

VOLUME TURNOVER:
1. MA: 384 mn (close: PhP0.026; -7.14%)
2. PA: 352 mn (close: PhP0.23; -2.13%)
3. LC: 192 mn (close PhP0.45; -10.00%)

The day's market - November 20, 2007

DOW JONES INDUSTRIAL AVERAGE (DJIA) summary
Index Value: 12,958.44
Trade Time: 4:05PM ET
Change: Down 218.35 (1.66%)
Prev Close: 13,176.79
Open: 13,176.30
Day's Range: 12937.63 - 13176.30

NY / London Metal and Oil Report
Gold down $7.80 to close at $777.80-$778.30 an ounce

Another huge drop in WallStreet immediately has sentiment in the local equities market turn negative. With a break of the 13000 level in the Dow Jones Industrial Average (DJIA), concerns and uncertainties are heightened.

time---------------down----------------PSEi
9:31-------------45.85-----------------3599.37

Advancers 2 Decliners 52
The 3600 level is immediately broken.

9:31-------------50.29
9:32-------------53.15
9:34-------------51.37
9:35-------------54.44
9:37-------------55.48
9:38-------------59.15
9:39-------------64.52-----------------3580.70

Advancers 4 Decliners 74
PhP 43.448 vs $US 1.00
The market drop has become a freefall early in the trading session.

9:41--------------65.12
9:42--------------70.11
9:44--------------75.50----------------3569.72

Advancers 4 Decliners 77

9:46--------------78.02
9:49--------------80.86
9:51--------------81.85
9:51--------------83.33
9:54--------------92.03---------------3553.19
9:55--------------93.29
9:56--------------94.44
9:59-------------102.46---------------3542.76

Advancers 6 Decliners 87
The drop has still not eased. The PSEi continues its fall.

10:00------------103.86
10:01------------104.26
10:03------------106.31
10:03------------108.45
10:05------------112.04
10:07------------117.20

Advancers 4 Decliners 93
PhP 43.501 vs $US 1.00

10:09-----------120.00----------------3525.22
10:10-----------122.56
10:11-----------127.50
10:12-----------130.26
10:13-----------131.84
10:15-----------133.36-----------------3512.07

Advancers 4 Decliners 99
The market decline tapers off after the continuous drop in the first 45 minutes of trading. The PSEi tries to hold at a level just above the 3500 level.

10:18-----------134.07
10:21-----------132.76
10:22-----------131.80
10:28-----------132.30
10:30-----------133.81
10:33-----------134.98
10:34-----------135.65

Advancers 4 Decliners 106

10:36-----------135.47
10:37-----------137.59----------------3507.63

Advancers 4 decliners 109

10:41-----------132.61
10:43-----------133.06
10:44-----------136.33
10:45-----------137.77
10:46-----------138.55----------------3506.67 (the day's low)
10:50-----------137.81
10:51-----------138.08
10:57-----------135.65
11:00-----------130.07

The local equities market tries to limit its losses in the final hour of trading.

11:01-----------129.27
11:02-----------126.91

Advancers 8 decliners 115

11:07-----------129.45
11:12-----------127.64
11:13-----------125.72

Advancers 8 Decliners 112

11:17-----------123.07
11:18-----------120.40
11:20-----------119.49
11:26-----------114.47
11:32-----------114.88
11:37-----------117.04
11:42-----------118.15
11:45-----------115.30
11:46-----------111.49
11:47-----------110.96
11:52-----------108.90
11:59-----------101.45
12:01-----------104.61----------------3540.61 (-2.87%)
Market Close.

Advance 10
Decliners 126

Value turnover: PhP 4.162 bn
Cross transactions: PhP 1.321 bn

Sectoral Indices.
M-O -4.60%
Financial -4.40%
Industrial -3.32%
Services -2.60%
Holdings -1.96%
property -1.56%

The Day's Top Gainers:
EURO: PhP 2.20; +46.67%
MB: PhP 1.04; +13.04%
FEU: PhP 900.00; +5.88%

***There was no index issue gainer.

The Day's Biggest Decliners:
CSB: PhP 14.00; -39.78%
MED: PhP 0.40; -33.33%
MRC: PhP 0.43; -15.69%
ZHI: PhP 0.58; -14.71%
JOH: PhP 1.54; -14.44%

The day's market - November 19, 2007

Market comments after Friday's (Nov 16) trade
BusinessWorld - November 19, 2007

PSEi previous close - 3598.96 (November 16, 2007)

time----------up-------------close
9:31--------6.80-----------3605.76

Advancers 14 Decliners 5

9:32-------16.06
9:34-------25.79-----------3624.75
9:35-------21.20
9:38-------23.80
9:39-------25.29
9:40-------25.57

Advancers 26 Decliners 11
PhP 43.331 vs $US 1.00

9:43------24.13
9:44------27.03
9:48------30.16
9:50------31.23
9:52------32.25
9:54------33.32
10:00-----34.93----------3633.89

After the initial burst in the first half hour of trading, the market consolidated for most of the trading session.

10:01-----28.07
10:07-----26.28
10:10-----24.39
10;15-----23.73
10:16-----22.84---------3621.80

10:29-----27.44
10:31-----30.54
10:33-----23.39---------3622.35

Advancers 37 Decliners 41

10:36-----30.18
10:42-----32.19
10:44-----33.60
10:47-----35.90

10:50-----35.51
10:58-----35.28
11:04-----33.76
11:08-----34.67
11:17-----33.63
11:23-----35.17
11:25-----36.26
11:27-----37.66
11:28-----38.99
11:36-----37.50
11:47-----36.10
11:49-----35.42
11:55-----39.65
11:56-----44.89
11:57-----38.43
11:58-----40.90
11:59-----42.85
12:01-----46.26-----------3645.22 (+1.29%) day's high
Market Close.

Advancers 40
Decliners 56

PLDT (TEL) accounted for 20.21 points of the gains of the Philippine Stock Exchange index (PSEi). It rose to PhP 3080 from Php 3015 or higher by 2.16%.

Value turnover: PhP 3.539 bn
Cross transactions: PhP 1.740 bn

Sectoral Indices.
M-O +1.66%
Services +1.64%
Financial +0.93%
Property +0.77%
Holdings +0.30%
Industrial +0.08%

The Day's Top Gainers:
CAT: PhP 3.45; +50.00%
ILIB: PhP 1.00; +40.85%
LC: PhP 0.54; +8.00%

The Day's Biggest Decliners:
EURO: PhP 1.50; -31.82%
TDY: PhP 4.90; -10.91%
PAX: PhP 7.30; -9.88%

The week that was - Nov 12 to 16, 2007

PHILIPPINE STOCK EXCHANGE INDEX (PSEi) summary
-----------------last wk---this wk----pts dwn---% dwn
PHISIX---------3,703.66---3,598.96---104.70---2.82%
HOLDINGS-----2,139.12---2,069.74----69.38---3.24%
INDUSTRIAL---4,531.63---4,272.27---259.36---5.72%
PROPERTY-----1,649.32---1,622.41----26.91---1.63%
FINANCIAL------931.18-----876.53---54.65----5.86%
MINING-OIL---8,914.84---8,419.20---495.64---5.55%
ALL SHARES---2,288.70---2,210.30----78.40---3.42%


THE WEEK'S TOP GAINERS:
1. JOH: PhP1.80;+69.81%
2. DFNN: PhP13.50;+43.62%
3. LC: PhP0.50; +25.00%

THE WEEK'S BIGGEST DECLINERS:
1. PGPI: PhP90.00; -30.77%
2. PWR PhP0.33; -17.50%
3. NI: PhP20.50; -17.17%

LARGEST VALUE TURNOVER FOR THE WEEK:
1. TEL: PhP2,310 mn (close: PhP3,015.00; +0.67%)
2. EDC: PhP1,394 mn (close: PhP7.20; unch)
3. ALI: PhP1,358 mn (close: PhP16.00; unch)



DOW JONES INDUSTRIAL AVERAGE(DJIA) summary
Index Value: 13,176.79
Trade Time: Nov 16
Change: 66.74 (0.51%)
Prev Close: 13,110.05
Open: 13,109.48
Day's Range: 13050.55 - 13211.17

The day's market - November 16, 2007

DOW JONES INDUSTRIAL AVERAGE (DJIA) summary
Index Value: 13,110.05
Trade Time: Nov 15
Change: Down 120.96 (0.91%)
Prev Close: 13,231.01
Open: 13,230.68
Day's Range: 13057.37 - 13260.19

Gold was down by $26.20 to close at $787.10 an ounce.

The more than a hundred point drop in WallStreet and the steep decline in Gold prices dampened investor sentiment and overshadowed the Bangko Sentral rate cut. Investors opted to lighten up ahead of the weekend.

PSEi previous close - 3672.22 (November 15, 2007)

time--------------down------------PSEi
9:31------------1.33-------------3670.89

Advancers 3 Decliners 18
M-O -1.22%
Holdings -0.83%
Industrial -0.08%
Financial -0.08%
Property 0.0%
Services 0.0%

9:32-----------13.56
9:33-----------17.69
9:34-----------18.70
9:35-----------19.80
9:36-----------20.44

Advancers 7 Decliners 27

9:38-----------17.70
9:41-----------19.20
9:48-----------20.56
9:49-----------23.78
9:50-----------24.15
9:52-----------25.32
9:57-----------22.57
10;03----------23.09
10:04----------20.95

Advancers 16 Decliners 41
PhP 43.424 vs $US 1.00

10:16----------21.01
10:23----------26.72
10:24----------28.46
10:25----------32.89
10:26----------33.56
10:28----------42.44
10:29----------44.27
10:34----------49.57-------------3622.65

The PSEi is now starting to cover the chart gap.

10:36----------46.22
10:39----------47.60

PhP 43.408 vs $US 1.00

10:41----------48.23
10:42----------52.69
10:53----------55.31
10:54----------58.39-------------3613.83

10:57----------58.37
11:00----------55.29
11:14----------55.76
11:18----------60.70-------------3611.52

The Chart gap is fully covered.
Advancers 8 Decliners 85
M-O -3.00%
Financial -2.80%
Industrial -1.75%
Property -1.20%
Holdings -1.12%
services -0.78%

11:23---------63.07
11:26---------66.72
11:28---------67.14
11:35---------67.62
11:37---------69.10
11:39---------72.22--------------3600.00

The PSEi tests and consolidates at the 3600 level.

11:40---------69.20-------------3603.02
11:42---------72.73
11:45---------76.27
11:46---------77.09-------------3595.13 (day's low)
11:47---------74.20

Advancers 13 Decliners 104

11:52---------72.81
11:59---------74.19
12:01---------73.26--------------3598.96 (-1.99%)
Market close.

Advancers 17
Decliners 101

Value turnover: PhP 5.329 bn
Cross transactions: phP 2.180 bn

Sectoral Indices.
Financial -3.94%
M-O -3.23%
Industrial -2.50%
Holdings -1.58%
Property -1.19%
Services -1.05%

The Day's Top Gainers:
DFNN: PhP 13.50; +20.00%
ZHI: PhP 0.68; +17.24%
ACR: PhP 0.82; +17.14%
JOH: PhP 1.80; +12.50%

The Day's Biggest Decliners:
PGPI: PhP 90.00; -30.77%
AJO: PhP 0.135; -10.00%
AR: PhP -9.09%



The monetary autorities decided to cut policy rates by 25 basis points; setting interest rates at around a 15year low.
This set back the rates at which the Bangko Sentral ng Pilipinas (BSP) borrows from or lends to banks from 5.75% and 7.75% six weeks earlier to only 5.5% and 7.5% respectively. (The BSP's overnight borrowing rate of 5.5% is its lowest since January 1995).

Overseas Filipinos' remittances for the first nine months of 2007 hit $10.47 bn; up 14.98% from the same period last year.
For September alone, it was at $1.139 bn, 5.56% lower than August's $1.206 bn.

The day's market - November 15, 2007

DOW JONES INDUSTRIAL AVERAGE (DJIA) summary
Index Value: 13,231.01
Trade Time: Nov 14
Change: Down 76.08 (0.57%)
Prev Close: 13,307.09
Open: 13,305.47
Day's Range: 13197.84 - 13367.17

Gold was up by $13.40 to close at $813.70 an ounce.

After advancing strongly yesterday, the local equities market consolidated with a downward bias. Today's movement was uneventful and trading lackluster. The listing of Splash Corporation (SPH), which just completed its IPO (Initial Public Offering) failed to perk up the market.

PSEi previous close - 3681.62 (November 14, 2007)

time------------change-------------PSEi
9:31-----------up 0.87-------------3682.49

Advancers 10 Decliners 4

9:32----------up 1.27
9:33--------down 0.06
9:34----------up 0.02
9:35----------up 3.45--------------3685.07 (day's high)
9:36-------------3.29
9:38------- down 2.67
9:39-------------3.80
9:41-------------6.61
9:42-------------7.35

PhP 42.979 vs $US 1.00

9:43--------down 9.12
9:44------------10.34
9:45------------15.25

Advancers 20 Decliners 17

9:49--------down 12.69
9:50-------------17.44
9:51-------------20.52

9:56--------down 16.91
9:57-------------19.33
9:59-------------22.28

Advancers 25 Decliners 25

10:03-------down 22.58
10:04------------23.21--------------3658.41 (day's low)

10:14------down 10.34

Some select thirdliner stocks enjoyed brisk trade. Mining issues remain the favored issues as Gold prices firmed up once again.
The PSEi moved in a narrow range for the rest of the session.

10:20------down 11.19
10;24------------6.34
10:28------------4.32
10:29------------3.75
10:31------------3.36

10:37--------up 0.08
10:39------down 3.23
10:55--------up 0.81
10:56------down 3.19
11:11--------up 0.13

PhP 43.051 vs $US 1.00

11;12--------up 1.07
11;14-----------0.13
11:17-----------3.02
11:23-----------0.02

11:26------down 6.89
11:32-----------6.84
11;37----------11.20
11:39-----------8.56
11:43----------12.45
11:44----------10.57
11:48-----------5.00
11;49-----------2.11
11:53-----------1.41
11:56-----------9.00
11:58-----------0.63
12:01-----------9.40---------------3672.22 (-0.25%)
Market Close.

Advancers 50
Decliners 63

PhP 43.068 vs $US 1.00

Yesterday's strong open left a chart gap at the 3611 - 3624 levels. - Target Support
A chart gap was left opened at the 3769 - 3713 last week (Novemeber 7-8, 2007). - Target Resistance

Volume turnover: PhP 4.635 bn
Cross transactions: PhP 1.929 bn
Block sales: phP 314 mn

Sectoral Indices.
Property +3.34%
Industrial +0.23%
Services -0.07%
Holdings -0.08%
Property -0.48%
Financial -1.52%

The Day's Top Gainers:
DFNN: PhP 11.25: +13.64%
MA: PhP 0.031: +10.71%
LC: PhP 0.53; +10.42%
MAB: PhP 0.034; +9.68%
LCB: PhP 0.57; +9.62%

The Day's Biggest Decliners:
MVC: PhP 0.85; -15.00%
ACR: PhP 0.70; -14.63%
ZHI: PhP 0.58; -10.77%



Splash Corporation (SPH)
open PhP 9.00
high PhP 9.00
low phP 8.40
close PhP 8.50

Volume turnover: 23,855,000 shares
Value turnover: PhP 207,200,100

The IPO price was at PhP 8.98. The stock closed 5.34% lower than its Offer Price.

The day's market - November 14, 2007

Market Comments:
BusinessWorld - November 14,2007


DOW JONES INDUSTRIAL AVERAGE (DJIA) summary
Index Value: 13,307.09
Trade Time: Nov 13, 2007
Change: Up 319.54 (2.46%)
Prev Close: 12,987.55
Open: 12,975.11
Day's Range: 12975.11 - 13319.45
52wk Range: 11,926.80 - 14,280.00

The huge rally in WallStreet overshadowed the news of the explosion in the entrance lobby of the Batasan Complex (Congress) in Quezon City last night. After initial apprehension before trading, the market immediately opened up and investors followed suit to push the market higher.

PSEi previous close - 3599.49 (November 13, 2007)

time------------time------------PSEi
9:31-----------24.53-----------3624.02

Advancers 26 Decliners 2
M-O +2.58%
Property +1.39%
Holdings +0.84%
Industrial +0.72%
Financial +0.12%
Services +0.01%

9:32-----------25.75

Advancers 31 Decliners 5

9:33-----------26.67
9:34-----------31.45
9:35-----------51.31
9:36-----------60.48

Advancers 46 Decliners 6

9:37-----------61.05
9:40-----------67.45----------3666.94

Advancers 51 Decliners 2
The Peso was at PhP 42.948 vs the $US.
The PSEi starts to cover the Chart gap (3692-3667) left opened by the sudden drop on Monday (Nov. 12, 2007) from last Friday's close (Nov. 9, 2007).

9:42---------69.43
9:44---------70.00
9:45---------73.71
9:48---------74.75
9:49---------77.46
9:50---------82.48------------3681.97

9:51--------85.52
9:3---------89.90------------3689.39
9:54--------83.65

Advancers 62 decliners 7

9:55-------85.52
9:56-------87.37
9:58-------88.37
9:59-------91.41
10:01------93.75---------------3692.60

The 3692-3667 Chart gap is closed.

10:03------97.50
10:04-----100.83---------------3700.32(the day's high)

Advancers 67 Decliners 9
TEL was at PhP 3050 from PhP 3005 previously.
AC was at PhP 605 fro PhP 570 previously.
The market has zoomed up by a hundred points alrady in just a little over half an hour. It retreats slightly.

10:07------94.91
10:10------97.50

PhP 42.931 vs $US 1.00

10:14-----93.05
10:19-----91.07
10:22-----92.57
10:25-----93.54
10:28-----89.08---------------3688.57

Advancers 78 Decliners 11

10:33-----91.63
10:39-----90.74
10:40-----88.15

Advancers 80 Decliners 16
The number of decliners increases and market heads lower.

10:45-----87.42

Advancers 80 Decliners 18

10:46-----84.38
10:47-----82.50
10:48-----80.64

The market consolidates its gains for the rest of the trading session.

10:52-----79.58

Advancers 80 Decliners 20

10:53-----78.00
10:57-----78.98

Advancers 80 Decliners 25

11:01------76.43
11:02------74.79
11:05------74.08
11:06------73.14
11:08------75.95
11:16------74.78
11:24------76.02

Advancers 82 Decliners 30

11:28------77.01
11:31------75.90
11:37------77.05
11:43------76.08
11:48------78.74
11:53------81.19
11:56------83.44
11:58------83.90
11:59------85.55
12:01------82.13--------------3681.62 (+2.28%)
Market close.

Advancers 90
Decliners 28

Value turnover: PhP 4.902 bn
Cross tranactions: PhP 2.235 bn

Sectoral Indices.
M-O +4.06%
Property +3.79%
Holdings +2.34%
Financial +2.28%
Services +1.12%
Industrial +1.02%

The Day's Top Gainers:
LC: PhP 0.48; +17.07%
MIC: PhP 6.40; +16.36%
LCB: PhP 0.52; +13.04%
FJP: PhP 1.58; +12.86%
OMW2: PhP 0.0095; +11.76%

The Day' Biggest Decliners:
LR: PhP 2.50; -7.41%
ACR: PhP 0.82; -6.82%
APM: PhP 0.014; -6.67%

The day's market - November 13, 2007

DOW JONES INDUSTRIAL AVERAGE (DJIA) summary
Index Value: 12,987.55
Trade Time: Nov 12
Change: Down 55.19 (0.42%)
Prev Close: 13,042.74
Open: 13,039.16
Day's Range: 12981.04 - 13162.64

NY Metal and Oil Report:
Gold - down by $29.10 to close at $803.30 an ounce
Oil - down by $1.75 to close at $94.62 a barrel

With the DJIA closing below the 13000 level (and near its low) and Gold prices diving steeply; investor confidence is shaken again. The local equities market drops upon the opening bell.

PSEi previous close - 3618.37 (November 12, 2007)

time-----------down-------------PSEi
9:31----------22.54------------3595.83

Advancers 3 Decliners 31
M-O -3.70%
Holdings -0.98%
Property -0.84%
Financial -0.53%
Industrial -0.09%
Services 0.0%

9:32---------27.45
9:33---------33.09
9:34---------38.66
9:35---------42.25
9:36---------43.35
9:37---------45.80
9:39---------47.13
9:40---------49.50
9:42---------55.61
9:44---------55.81
9:46---------56.77-------------3561.60

The 3560 initial support was tested.

9:46---------59.26-------------3559.11

Advancers 3 Decliners 78
M-O -6.37%
Property -2.12%
Financial -1.65%
Holdings -1.61%
Industrial -1.12%
Services -0.85%
The support fell through and the drop accelerates.

9:50---------60.64
9:51---------66.86
9:52---------71.25
9:53---------76.20

9:55---------71.87
9:57---------73.15

PLDT was at PhP 2925 from PhP 2960 previously.

9:58---------74.64
9:59---------75.03
9:59---------76.63
10:00--------77.96
10:01--------78.93------------3639.44 (the day's low).

The market stops its decline and slowly regains ground. The gap at the 3491-3521 remains open.

10:05--------78.88
10:09--------70.98
10:12--------69.30
10:14--------67.07
10:15--------62.40
10:17--------60.91

PLDT was goes up to PhP 2950 and pulls up the market. The PSEi goes above the 3560 level. The day's sentiment has reversed.

10:18--------54.23-----------3564.14
10:19--------51.21
10:21--------50.40
10:23--------49.07
10:25--------45.74
10:26--------43.16
10:27--------42.99
10:31--------41.97
10:32--------38.02
10:34--------37.03
10:35--------36.83
10:36--------35.73

Advancers 12 Decliners 75.
PLDT at PhP 2960.

10:39--------37.77
10:43--------35.64
10:46--------32.39

Advancers 18 Decliners 72

10:47--------30.53
10:48--------27.77

PLDT at PhP 2970.
M-O -4.69%
Holdings -1.38%
Property -0.96%
Industrial -0.78%
Financial -0.64%
Servies -0.14%

10:51--------27.54
10:53--------26.58

Advancers 23 Decliners 68

10:59--------23.99
11:02--------21.93
11:04--------19.65
11:05--------18.93

Advancers 30 Decliners 66

11:10--------17.64------------3600.73

The PSEi reaches the 3600 level again. The market consolidates near this level for the rest of the session.

11:14--------16.31

Advancers 35 decliners 62

11:22--------12.53-----------3605.84

Advancers 37 Decliners 63. PLDT at this point traded at PhP 3000.
The Peso was at PhP 43.140 vs the $US.

11:24--------11.18
11:27--------10.50
11:29--------10.35
11:30---------7.02-----------3611.35 (the day's high)

11:31--------11.83
11:33--------12.45
11:34--------13.66
11:37--------13.82
11:38--------14.32
11:39--------16.26
11:40--------13.04
11:41--------11.97

Advancers 42 Decliners 68

11:44--------14.17
11:45--------19.07
11:48--------20.02
11:50--------21.57
11:52--------22.43
11:53--------24.40
11:54--------25.52------------3592.85
11:58--------23.35
11:59--------24.24
12:01--------18.88------------3599.49 (-0.52%)
Market Close.

Advancers 41
Decliners 58

Value turnover: PhP 5.612 bn
Cross transactions: PhP 1.648 bn
Block Sales: PhP 274 mn

The market was able to show its resiliency by limiting its losses for the day. This minimizes the tendency of widespread panic selling during a declining market.
But increased volatility and huge swings also brings in uncertainty for investors. Bargain hunting which gives support to the market when it is declining; is quick to turn to profit taking which then caps any rise in the market.

Sectoral Indices
Services +0.81%
Financial -0.35%
Industrial -0.64%
Holdings -1.32%
Property -1.60%
M-O -4.23%

The Day's Top Gainers:
PEP: PhP 1.04; +30.00%
LCB: PhP 0.46; +12.20%
PWR: PhP 0.33; +10.00%
MED: PhP 0.60; +9.09%

The Day's Biggest Decliners:
IMP: PhP 15.00; -14.29%
PX: PhP 9.60; -10.70%
VITA: PhP -10.26%
DHC: PhP -10.00%

The PSEi tests the 3,600 level - November 12, 2007

Investor confidence again took a hit because of the steep drop in WallStreet last Friday. The local equities market immediately plunged and was not able to recover.

PSEi previous close - 3703.66 (November 09, 2007)

time----------down-----------PSEi
9:31----------36.52---------3667.14
9:32----------41.49
9:33----------41.77

Advancer 1 Decliners 40
Property -2.83%
M-O -2.70%
Holdings -2.02%

9:36---------42.87
9;37---------45.98
9:38---------47.18

Advancer 1 Decliners 61
The drop becomes even more widespread. The number of decliners increase.

9:40--------49.47

Advancer 1 Decliner 69

9:42--------55.52
9:40--------56.97
9:48--------61.57

Advancers 2 Decliners 79

9:50--------59.70
9:52--------61.84
9:53--------62.15
9:55--------62.58

Advancers 6 Decliners 89

9:56--------63.06
9:58--------63.36
9:59--------64.30

Advancers 5 Decliners 92
M-O -3.62%
Property -2.81%
Holdings -2.44%
Industrial -2.02%

10:02------59.11
10:06------63.23
10:07------67.45
10:10------68.84

Advancers 6 decliners 99

10:20------68.37
10:21------70.58------------3633.08

Advancers 6 Decliners 106
M-O -4.09%
Industrial -3.14%
Property -2.79%
Holdings -2.05%
Financial -1.57%
Services -0.79%

10:23------71.15------------3632.51
10:24------69.93
10:27------70.96
10:28------65.00
10:31------65.79
10:34------65.37
10:38------64.80
10:50------66.54
11:02------62.14------------3641.52

11:05------67.17
11:07------70.20------------3633.46

Advancers 6 Decliners 113

11:09------66.75
11:13------69.67
11:15------72.40
11:16------73.98-----------3629.68
11:17------77.50-----------3626.16

Advancers 7 Decliners 116
The peso was at PhP 43.044 vs the $US.
Asian equities markets were down at this point.

11:20------75.95
11:21------72.49
11:23------69.87----------3633.79
11:27------70.01
11:29------72.65
11:30------73.04
11:33------79.08----------3624.58

Advancers 6 Decliners 121
M-O -4.79%
Industrial -3.41%
Holdings -2.86%
Property -2.55%
Financial -1.87%
Services -1.03%

11:37------74.70
11:42------81.12---------3622.54
11:46------82.24
11:49------87.18

11:51------85.69
11:52------87.38
11:53------87.69
11:54------90.51
11:55------92.28
11:57------95.50---------3608.16 (the day's low)
11:58------93.28
11;59------90.15
12:01------85.29---------3618.37 (-2.30%)
Market Close.

Advancers 8 Decliners 125

Value turnover: PhP 4.504 bn
Cross transactions: PhP 1.20 bn
Block Sales: PhP 365 mn

If the PSEi fails to hold at the 3600 level, the immediate support is seen at 3560. A Chart gap remains at the 3491-3521 levels. It was opened last September 26-27, 2007.
Market Investors are keenly watching if the DJIA will be able to hold at the 13000 level.

Sectoral Indices.
M-O -5.24%
Industrial -3.88%
Holdings -2.57%
Financial -2.37%
Property -2.06%
Services -1.31%

There was no index issue gainer for the day.

The Day's Top Gainers:
JOH: PhP 1.58; +49.06%
LSC: PhP 1.30; + 6.56%
VLL: PhP 5.10; +6.25%

The Day's Biggest Decliners:
PWR: PhP 0.30; -25.00%
NI: PhP; 22.00; -11.11%
DIZ: PhP 10.50; -10.64%
OMW2: PhP 0.0085; -10.53%
MA: PhP 0.026; -10.34%
AJO: PhP 0.14; -9.68%
GEO: PhP 2.08; -9.57%
SLI: PhP 2.22; -9.02%

The DJIA tests the 13000 level.

DOW JONES INDUSTRIAL AVERAGE(DJIA)

Index Value: 13,042.74
Trade Time: Nov 9
Change: down 223.55 (-1.69%)
Prev Close: 13,266.29
Open: 13,261.17
Day's Range: 13017.30 - 13262.14

The day's market - November 09, 2007

Comments on yesterday's trade
The Philippine Star - November 09, 2007 (the same comment appears in today's issue of BusinessWorld)

Today, the local equities market consolidated at the 3700 level even if it was another volatile session in WallStreet. As could be seen in the day's range of trade in the DJIA, it was down by as much as 220 points at one point before limiting its losses to 33 points. It was up very early in trading, slowly went down, was at its bottom for most of the second half of the session and recovered only in the last hour.

DOW JONES INDUSTRIAL AVERAGE (DJIA)
Index Value: 13,266.29
Trade Time: Nov 8
Change: Down 33.73 (0.25%)
Prev Close: 13,300.02
Open: 13,299.70
Day's Range: 13079.48 - 13354.00


PSEi previous close - 3692.10 (November 08, 2007)

time-------------up------------PSEi
9:31------------0.25-----------3692.35

Advancers 8 Decliners 12

9:32------------0.88

Advancers 12 Decliners 10.
M-O sector +3.95%

9:33-----------2.94
9:34-----------4.79

M-O sector +4.88%
The PSEi tests the 3700 level.

9:37-----------7.50-----------3699.60
9:39----------13.74
9:42----------16.65
9:46----------17.26
9:48----------17.30-----------3709.40

M-O sector +6.21%

9:50----------14.86
9:53----------11.42
9:58----------15.42
10:01---------12.76

Advancers 39 Decliners 18

10:08---------11.56
10:13----------8.83

The peso was at PhP 43.101 vs the $US.

10:14----------8.43-----------3700.53

Advancers 38 Decliners 23
Investors remained cautious and the market falls back below the 3700 level by mid-session. The number of declining stocks increases.

10:16----------6.49-----------3698.59
10:21----------5.79

Advancers 38 Decliners 31

10:25----------4.61
10:27----------3.05
10:32----------2.35
10:33----------1.18-----------3693.28

10:36----------4.87

Advancers 36 Decliners 36

10:37---------1.58
10:39---------5.86
10:47---------7.23
11:03--------16.60------------3708.70

Advancers 39 Decliners 38
M-O sector +7.30%
The PSEi goes above the 3700 level once again and consolidates in the final hour of trading.

11:05--------19.53

Advancers 39 Decliners 38
M-O sector +7.36%

11:08--------14.78
11:12--------18.11

The peso breaks below the PhP 43.00 mark against the $US. It was at PhP 42.963 vs $US 1.00.

11.14-------13.70
11:18-------21.36
11:20-------21.49-------------3713.59 (day's high)

11:29-------20.24

Advancers 44 Decliners 40
PhP 42.932 vs $US 1.00

11:43------17.53
11:48------20.00
11:52------15.77
11:57------15.32
12:01------11.56------------3703.66 (+0.31%)
Market Close.

Advancers 47
Decliners 48

Value turnover: PhP 3.800 bn
Cross transactions: PhP 1.403 bn

The day's trade was perked up by the resumption of trading of mining issue Lepanto Consolidated Mining Co.(LC/LCB). It had the trade in its shares suspended yesterday pending a disclosure. Brisk trading of its shares early in the trading session had investors turning its attention to stocks in the mining sector .
The company submitted to the Philippine Stock Exchange (PSE) a disclosure regarding its execution of a Memorandum of Understanding with Zijin Mining Group Ltd. on the Far SouthEast Project.


Sectoral Indices.
M-O +5.83%
Holdings +0.11%
Services +0.08%
Industrial -0.18%
Property -0.35%
Financial -0.56%

The Day's Top Gainers:
APR: PhP 4.25; +30.77%
LC: PhP 0.40; +21.21%
LCB: PhP 0.44; +18.92%

The Day's Biggest Decliners:
JOH: PhP 1.06; -39.77%
KPM: PhP 1.72; -14.00%
OM: PhP 0.013; -7.14%



Today's stock trading in Lepanto Consolidated Mining Co.

LC
previous close: PhP 0.33
open PhP 0.40
high PhP 0.47
close: phP 0.40

Volume turnover: 897,230,000 shares
Value turnover: PhP 383,656,300

LCB
previous close: PhP 0.37
open PhP 0.42
high PhP 0.50
close: phP 0.44

Volume turnover: 321,010,000 shares
Value turnover: PhP 146,405,900

The day's market - November 08, 2007

DOW JONES INDUSTRIAL AVERAGE summary
Index Value: 13,300.02
Trade Time: Nov 7, 2007
Change: Down 360.92 (2.64%)
Prev Close: 13,660.94
Open: 13,646.72
Day's Range: 13285.63 - 13647.29

PLDT (TEL) ADRs - down $1.95 to close at $68.46 (around PHP 2975)

NY Metal and Oil Report
Gold - up $12.30 to close at $832.60

Ths Philippines' Gross International Reserves (GIR), reached $32.36 bn as of end-October 2007; way past the readjusted goal of only $30 bn this year.

With the big drop in WallStreet, the market immediately dropped as investor confidence again took a hit.

PSEi previous close - 3788.26 (November 07, 2007)

time----------down-----------PSEi
9:31---------48.16-----------3740.10
9:32---------58.19
9:33---------63.57
9:34---------63.70
9:35---------66.49
9:37---------65.52

The Peso was at PhP 43.463 vs the $US.

9:38---------70.83
9:39---------77.59

Advancers 0 Decliners 76. TEL unchanged at PhP 3045.
With TEL opening unchanged the drop was initially tempered. But sellers for TEL already was much lower, so any trade thereafter was sure to drag the market lower.

9:42---------75.40
9:43---------79.03
9:45---------71.69
9:46---------73.60
9:47---------70.61
9:48---------67.06
9:52---------70.51
9:53---------72.80
9:54---------87.41----------3700.85

TEL traded at PhP 3000. The market tests the 3700 support level.

9:58---------89.65

TEL down further to PhP 2995 and market heads lower. The 3700 turns into the immediate resistance level.

9:59--------94.38----------3693.88
10:01-------91.34
10:07-------88.31----------3699.95

10:09-------92.99
10:13-------93.39

Advancers 1 Decliners 98

10:15------91.91
10:19------91.57
10:20------92.88
10:21------94.52
10:22------91.64
10:25------93.30
10:29------94.95

10:34------99.16
10:35-----102.19
10:37-----104.78
10:38-----105.41-----------3682.85 (the day's low)

Advancers 5 Decliners 102.
The markets consolidates its losses in a narrow range for the rest of the trading session and fails to mount a rebound.

10:40-----101.81
10:41-----103.39
10:42------99.97
10:46-----100.58
10:48-----104.48
10:51-----101.48
10:53-----103.12
10:55------98.38
11:00-----101.27
11:01------99.94
11:06-----105.20

Asian equities markets were down.

11:18------98.53
11:27-----100.40
11:32------99.49
11:41-----101.18
11:44------98.15
11:47------96.93
11:48------95.35
11:52------96.93
11:53------98.26
11:55------99.19
11;59------98.93
12:01------96.16----------3692.10 (-2.54%)
Market Close.

Advancers 12
Decliners 111

Value turnover: PhP 4.490 bn
Cross transactions: PhP 1.232 bn

Sectoral Indices fell across-the-board.
Holdings -4.52%
Property -2.52%
Financial -1.96%
Services -1.94%
Industrial -1.63%
M-O -1.12%

The Day's Top Gainers:
GOB: PhP 0.33; +13.79%
DIZ: PhP 12.50; +11.11%
OM: PhP 0.014; +7.67%

The Day's Biggest Decliners:
SLI: PhP 2.60; -10.34%
ABAB: PhP 0.010; -9.09%
SINO: PhP 0.38; -7.32%
APR: PhP 3.25; -7.14%
COL: PhP 13.25; -7.02%

Index Decliners-------------PSEi pts down
TEL: PhP 2985.00; -1.97% ------19.76 pts
AC: PhP 590.00; -6.35% --------24.28 pts

Only Index Gainers:
MA: PhP 0.027; +3.85%
MAB: PhP 0.030; +3.45%

The day's market - November 07, 2007

Market Comments:
BusinessWorld - November 07, 2007


Philippine consumer prices for October was steady as Inflation was at 2.7%

Dow Jones Industrial Average (DJIA) summary
Index Value: 13,660.94
Trade Time: Nov 6
Change: Up 117.54 (0.87%)
Prev Close: 13,543.40
Open: 13,542.34
Day's Range: 13511.86 - 13669.56

NY Metals and Oil report
Gold up $12 to $820.30
Oil up $2.72 to $96.70

PSEi previous close - 3773.63 (November 06, 2007)

time---------change----------PSEi
9:31--------up 28.51--------3802.14
9:32-----------28.79--------3802.42 (day's high)
9:33-----------26.43--------3800.06

The 3800 level was immediately tested upon the opening bell.

9:34-------up 25.05
9:37----------26.82
9:40----------19.71--------3793.34

9:41----------27.07
9:43----------26.78--------3800.41
9:45----------28.22
9:46----------24.60--------3798.23

The market still fails to hold above the 3800 level and heads lower. Initial boost from WallStreet's advance gradually dissipates.

9:50------up 23.49
9:53---------22.58

9:55------up 25.00
9:58---------23.14
10:01--------18.06
10:03--------15.87
10:05--------14.92
10:06--------13.13
10:07--------10.81
10:08--------12.59
10:10--------11.48
10:11---------8.51
10:13--------10.92
10:16--------11.24
10:23--------10.96
10:25---------8.07
10:29---------8.07
10:30---------8.75
10:34--------10.18
10:38---------6.37
10:39---------7.59
10:41---------7.99
10:42---------5.11
10:46---------6.42

10:48---------2.16

Advancers 59 Decliners 29
The PSEi struggles to stay in the positive territory in the next hour or so.

10:49------up 1.53

10:53----down 1.48

Advancers 56 Decliners 32

10:55------up 2.81
10:56----down 1.62

10:58------up 1.00
10:59---------2.15
11:00---------0.10
11:03---------0.64
11:06---------2.29
11:09---------4.55

Advancers 56 Decliners 36

11:10---------8.94---------3782.57
11:15---------1.91
11:16---------0.58
11:19---------0.10

11:21----down 0.30
11:22------up 1.87
11:24----down 0.20
11:25---------2.52
11:30---------2.50
11:32------up 1.94
11:33---------3.52
11:30---------2.11
11:35----down 0.08
11:36---------4.46--------3769.17 (day's low)
11:38---------2.60

11:39------up 2.73
11:43---------3.15
11:45---------2.86

The market consolidates its gains in the last 15 minutes of the trading session.

11:48------up 4.08
11:49---------6.69
11:50---------7.37
11:51---------8.21
11:52--------10.16
11:54--------10.64
11:55---------6.57
11:56---------8.36
11:57---------9.34
11:58--------12.00
11:59--------15.57
12:01--------14.36------------3788.26 (+0.39%)
Market Close.

Advancers 56
Decliners 41

Value turnover: PhP 5.870 bn
Cross transactions: PhP 2.728 bn
Block Sales: PhP 434 mn

The peso closed stronger yesterday afternoon. At noon today, the peso was at PhP 43.388 vs the $US.
The 3800 level is still a key resistance for the PSEi.
Metal prices continue to spur active trading in the mining stocks.

Sectoral Indices.
M-O +1.09%
Property +0.61%
Holdings +0.50%
Services +0.20%
Financial +0.10%
Industrial -0.27%

The Day's Top Gainers:
DIZ: PhP 11.25; +13.64%
APXB: PhP 6.60; +10.00%
ACR: PhP 0.91; +9.64%
APX: PhP 6.50; +8.33%

The Day's Biggest Decliners:
MUSX: PhP 1.30; -5.80%
AJO: PhP 0.165; -5.71%
FEU: PhP 870.00; -5.45%

The day's market - November 06, 2007

Philippine Treasury Bills decline.
91-day T-Bill down by 5.8 basis points to 3.70% from 3.758%
6 mo. T-Bill down by 10.5 basis points to 4.707% from 4.812%
Bids for the one-year Treasury Bills were rejected after banks asked for a premium.
***(100 basis points = 1.0%)


The Dow Jones Industrial Average (DJIA) summary:
Index Value: 13,543.40
Trade Time: Nov 5
Change: Down 51.70 (0.38%)
Prev Close: 13,595.10
Open: 13,592.58
Day's Range: 13,446.91 - 13,618.27

The local equities market continued to consolidate. The day's range is even narrower as the Philippine Stock Exchange index (PSEi) moved within a 30 point range. Market sentiment is still cautiousness and it moves back and forth from negative to positive.

PSEi previous close - 3774.81 (November 06, 2007)

time-----------change------------PSEi
9;31------------up 0.85--------3775.66

Advancers 12 decliners 15

9:32---------down 11.76
9:33---------------8.47
9:34---------------2.55
9:35---------------8.62
9:36---------------6.77
9:37---------------7.77
9:39--------------10.74
9:40--------------11.16--------3763.65

The peso was weaker and was at PhP 43.782 vs the $US.

9:41---------down 9.94
9:50--------------3.47
9:51--------------8.22
9:52-------------11.02---------3763.79

Sentiment suddenly changes

9:54---------down 4.86
9:56--------------2.77

The market moves into the positive territory.

9:57-----------up 0.51

ALI at PhP 15.50 from PhP 15.00 yesterday.
TEL at PhP 2990 from PhP 2975 yesterday.

10:00----------up 3.41
10:01-------------5.05

TEL at PhP 3005.

10:04----------up 6.07
10:05------------10.58

Advancers 30 Decliners 43
TEL at PhP 3025.

10:06---------up 8.94
10:09-----------11.12
10:10-----------12.06
10:13-----------15.36---------3790.17 (day's high)

Sentiment once again shifts to the opposite direction.

10:15--------up 12.47
10;17------------7.41
10:20------------9.18
10:26------------6.71
10:35------------6.00

PhP 43.793 vs $US 1.00
The PSEi tries to stay on the upside.

10:37--------up 1.14
10:38------down 1.11
10:40-----------1.35
10:45-----------2.11
10:46-----------1.34
10:47--------up 0.23
10:51------down 0.21
10:55-----------1.24

The PSEi now goes back into the RED.

10:58------down 4.27
10:59-----------2.62
11:00-----------3.84
11:01-----------8.42

Advancers 32 Decliners 62

11:03------down 5.76
11:08----------10.38
11:13----------14.77
11:14----------12.87
11:16----------14.57
11:17----------12.67
11:19----------11.03

11:20------down 6.14
11:23-----------7.47
11:24-----------8.88
11:25----------11.98
11:26----------12.76

11:28------down 8.48
11:29-----------6.36

11:33-----down 10.10
11:34----------11.31
11:35----------15.70---------3759.11 (the day's low)

11:36-----down 11.74
11:40-----------8.23
11:41-----------7.47
11:44-----------9.91

PhP 43.812 vs $US 1.00
At this point, most asian equities markets were modestly higher.


11:45-----down 13.96
11:46----------14.53
11:49----------10.30
11:50----------12.64
11:55-----------7.50
11:59-----------6.57
12:01-----------1.18----------3773.63 (-0.03%)
Market Close.

Advancers 32
Decliners 83

Value turnover: PhP 6.410 bn
Cross transactions: PhP 1.727 bn
Block Sales: PhP 1.847 bn

Sectoral Indices.
Services +1.38%
Property +0.44%
Financial -0.80%
Industrial -1.09%
Holdings -1.79%
M-O -1.81%

The Day's Top Gainers:
MED: PhP 0.55; +48.65%
AJO: PhP 0.175; +12.90%
BRN: PhP 1.60; +11.11%
UW: PhP 0.30; +11.11%

The Day's Biggest Decliners:
FED: PhP 10.75; -17.31%
CAC: PhP 1.50; -16.67%
MB: PhP 0.90; -10.00%

The day's market - November 05, 2007

Market Comments:
BusinessWorld - November 05, 2007


The Philippine Stock Exchange (PSE) resumed its trading after a four day layoff. Trading was largely lethargic when it opened. It however turned erratic but was not as volatile as WallStreet's gyrations in the past days. For the day; the Philippine Stock Exchange index (PSEi) moved in a 40 point range (20 points below and 20 points above, its previous close).

PSEi previous close - 3758.97 (October 31, 2007)

time-----------change-------------PSEi
9:31-----------up 0.43----------3759.40

Advancers 6 Decliners 17

9:32---------down 3.57
9:33--------------5.66
9:34--------------5.80
9:35--------------6.71
9:36--------------7.33

Advancers 11 Decliners 24
The Peso was at PhP 43.676 against the $US.

9:38--------down 6.76

TEL was at PhP 2995 down from PhP 3005 previously.
ALI was at PhP 14.50 down from PhP 15.00 previously.

9:39--------down 5.11
9:40-------------7.91
9:41-------------8.86----------3750.11

The 3750 level was tested.

9:42-------down 10.34
9:43------------11.54
9:44-------------8.58
9:47-------------9.41
9:49------------10.31
9:50------------14.62----------3744.35

The market dips below the 3500 level and headed lower.

9:51------down 15.39
9:52-----------16.36
9:54-----------15.80
9:55-----------17.78
9:57-----------19.75-----------3739.22 (day's low)

Advancers 17 Decliners 35. PLDT at PhP 2975.

The market however showed a lot of resilience and immediately rebounds.

9:59-------down 10.65
10:02------------7.92----------3751.05

The market tries to go above the 3750 level once again. TEL at PhP 2985; ALI at PhP 14.75.

10:03------down 9.05
10:06-----------6.06
10:10-----------8.84
10:11-----------6.00
10:12-----------4.70

Advancers 20 Decliners 44

10:13------down 3.98
10;17-----------3.40
10;18-----------1.31

Advancers 22 Decliners 45

10:19--------up 0.98

The market moves to positive territory and now sentiment shifts.

10:20--------up 2.67
10:21-----------3.07
10:25-----------4.88
10:27-----------5.51
10:28-----------7.41
10:30-----------6.41

Advancers 31 Decliners 41

10:31---------up 7.14
10:32---------up 13.20

Advancers 34 Decliners 40. AC was now at PhP 645; up from PhP 620 previously. PLDT at phP 2980. ALI at PhP 14.75.

10:34---------up 14.97
10:35------------16.97
10:38------------16.10
10:40------------15.98
10:40------------17.75
10:43------------18.56
10:44------------19.50-----------3778.47 (day's high)

Advancers 37 Decliners 39

The market now pulls back and fails to go higher. It continued to move in a narrower range the rest of the trading session as investors again turns cautious.

10:47--------up 17.73
10:48-----------16.38
10:51-----------13.93
10:52-----------13.16
10:54------------8.78

Advancers 38 Decliners 38

10:55--------up 13.16
10:58------------8.35
11:00------------7.41
11:05-----------12.42
11:06------------9.39
11:10-----------12.44
11:13------------8.30
11:18-----------11.92
11:19-----------13.69
11:25------------9.43
11:30-----------12.91
11:31-----------14.49

At this point, Asian markets were mostly lower. The peso was at phP 43.696 against the $US.

11:33--------up 7.91
11:36----------10.97
11:41-----------8.46
11:45-----------6.93
11:47-----------7.49
11:54-----------6.91
11:55-----------5.32
11:57----------11.08
11:58----------12.34
11:59-----------4.27
12:00----------10.83
12:01----------15.84------------3774.81 (+0.42 %)
Market Close.

Advancers 41
Decliners 58

Value turnover: PhP 5.808 bn
Cross transactions: PhP 2.308 bn
Block sales: PhP 236 mn

Sectoral Indices.
Holdings +1.89%
Financial +1.09%
M-O +0.50%
Property -0.14%
Industrial -0.36%
Services -0.44%

The Day's Top Gainers;
PEP: PhP 0.87; +17.57%
AJO: PhP 0.155; +6.90%
BKD: PhP 2.12; +6.00%
MUSX: PhP 1.34; +4.69%

The Day's Biggest Decliners:
MED: PhP 0.37; -38.33%
DIZ: PhP 10.00; -9.09%
T: PhP 15.25; -8.96%
DMC: PhP 11.00; -8.33%

At the weekend

November 1, 2007
The Dow Jones Industrial Average (DJIA) closed on November 1 down by 362.14 (-2.60%) points and ended at 13567.87. It was not able recover from its early losses and suffered its biggest loss in two weeks. WallStreet dropped because of worries on US banking stocks which reignited credit concerns.


November 2, 2007
At WallStreet, financial stocks took a beating early in the trading day as some big name stocks suffered downgrades. The DJIA even fell almost 150 points at one point. Gold went above the $800 a level as investors seek haven from the falling stocks.
US equities still continued to show a lot of volatility as it recovered and was even able to close higher by 27.23 points (+0.20%)to end at 13595.10

Index Value: 13,595.10
Trade Time: Nov 2
Change: 27.23 (0.20%)
Prev Close: 13,567.87
Open: 13,569.90
Day's Range: 13446.02 - 13632.90

The US dollar falls to record versus the Euro as credit concerns rises.

Futures:
NY Crude $95.93 a barrel
Gold $807 an ounce

No Trading in the PSE - November 1, 2007

The Dow Jones Industrial Average (DJIA) was up (Oct. 31, 2007) by 137.54 points (+1.00%) and closed at 13,930.01.

The Federal Reserve Board cut interest rates by 25 basis points to 4.50%.

Oil traded at around the $95 a barrel level and Gold is nearing $800 an ounce.

The Philippine Stock Exchange (PSE) remains closed for tomorrow; November 2, 2007.


WallStreet opened sharply lower today (November 1, 2007) and is currently trading at:
Index Value: 13,735.73
Trade Time: 9:40AM ET
Change: 194.28 (1.39%)
Prev Close: 13,930.01
Open: 13,924.16
Day's Range: 13727.68 - 13924.16

Let's see how it goes for the rest of the day and also at tomorrows trading.