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%