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%