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%