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.