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%