DOW JONES INDUSTRIAL AVERAGE(DJIA)summary
Index Value: 13,365.87
Trade Time: December 28
Change: Up 6.26 (+0.05%)
Prev Close: 13,359.61
Open: 13,361.23
Day's Range: 13298.15 - 13451.38
52wk Range: 11,926.80 - 14,280.00
WallStreet was strong in the opening minutes and moved lower by mid-session before closing flat.
Saturday, December 29, 2007
Friday, December 28, 2007
Last Trading Day in the PSE - 2007
Market Comments on Thursday's trading in the Philippine Stock Exchange (PSE)
The Philippine Star - December 28, 2007
The big drop in WallStreets halts the year-end rally in the local equities market and spurs profit taking ahead of another long break in trading.
PSEi previous close - 3667.64 (December 27,2007)
time------------down-------------PSEi
9:31-----------14.63------------3653.01
Advancers 6 Decliners 17
PLDT (TEL) opened unchanged at PhP 3180.
9:32-----------20.36
9:33-----------24.92
9:34-----------28.36------------3639.28
9:35-----------25.64
PhP 41.496 vs US$ 1.00
9:36-----------23.88
9:37-----------26.28
9:41-----------41.37------------3626.27
TEL dropped to PhP 3140. (Buyers and sellers were far apart before this point.)
9:45-----------32.04
9:46-----------27.38
TEL back up at PhP 3185
9:48-----------26.77
9:49-----------30.74
9:50-----------31.38------------3636.26
9:51-----------27.24
9:52-----------29.32
9:54-----------29.49
Advancers 7 Decliners 47
9:56-----------27.94
9:57-----------24.43
The market tries to mount a rebound.
9:59-----------21.86
10:01----------20.42
10:02----------15.58
10:03----------14.02
10:04----------12.92
10:05----------11.92
10:06-----------8.15
TEL at PhP 3205
10:07----------9.31
10:08----------8.28
10:09---------10.04
10:10----------8.71
10:11----------7.22------------3660.42 (day's high)
10:18---------13.10
10:19---------18.42
10:21---------16.65
10:22---------18.20
10:24---------19.54
The drop accelerates once again and induces more selling.
10:28---------22.78
10:29---------25.69
10:31---------26.30
10:32---------30.29
10:33---------33.81
10:34---------34.96
10:35---------35.56
10:41---------35.15
PhP 41.542 vs US$ 1.00
10:42---------36.74
10:46---------38.45
Advancers 15 Decliners 73
TEL at PhP 3195. The decline in the market at this point is not just because of a dip in the price of PLDT.
10:49--------40.00
10:55--------40.41
10:56--------40.95
10:58--------39.75
10:59--------37.56
11:01--------42.22-----------3625.42
Advancers 20 Decliners 75
11:02--------43.16
11:03--------39.02
11:05--------40.57
11:06--------41.17
11:07--------43.17-----------3624.47
Advancers 20 Decliners 81
11:09--------42.49
11:13--------45.11
11:19--------44.11
11:19--------44.66
11:23--------46.82
11:24--------47.27
11:26--------48.19
11:30--------44.98
11:33--------43.31
11:36--------47.02
11:39--------48.05
11:39--------49.53
11:40--------50.68
11:41--------53.04---------3614.60
The chart gap at 3615-3620 opened the previous day was closed.
11:42--------53.26
11:43--------54.32
11:44--------51.69
11:45--------55.85
11:46--------63.22---------3604.40
Advancers 25 Decliners 92
TEL now at PhP 3150.
11:47--------64.56
11:49--------61.69
11:50--------59.94
11:51--------64.71
11:52--------65.61
11:53--------70.02---------3597.62 (day's low)
The 3600 was briefly tested, but the market immediately rebounds above it and somewhat tries to limit the day's losses in the final minutes of trading for the year 2007.
11:54--------57.62
11:56--------59.03
11:57--------55.37
11:58--------49.53
11:59--------46.27
12:01--------46.04--------3621.60 (-1.25%)
Market Close.
Advancers 75
Decliners 44
Value turnover PhP 3.973 bn
Cross transactions: PhP 955 mn
Sectoral Indices were lower across-the-board.
Property -3.98%
Industrial -1.50%
Financial -1.14%
Holdings -0.49%
Services -0.11%
M-O -0.09%
The Day's Top Gainers:
MFIN: PhP 4.00; +33.33%
VVT: PhP 7.00; +16.67%
PCKH: PhP 10.00; +11.11%
The Day's Biggest Decliners:
CEU: PhP 5.50; -36.78%
AAI: PhP 2.50; -33.33%
ABAB: PhP 0.010; -16.67%
The Philippine Star - December 28, 2007The big drop in WallStreets halts the year-end rally in the local equities market and spurs profit taking ahead of another long break in trading.
PSEi previous close - 3667.64 (December 27,2007)
time------------down-------------PSEi
9:31-----------14.63------------3653.01
Advancers 6 Decliners 17
PLDT (TEL) opened unchanged at PhP 3180.
9:32-----------20.36
9:33-----------24.92
9:34-----------28.36------------3639.28
9:35-----------25.64
PhP 41.496 vs US$ 1.00
9:36-----------23.88
9:37-----------26.28
9:41-----------41.37------------3626.27
TEL dropped to PhP 3140. (Buyers and sellers were far apart before this point.)
9:45-----------32.04
9:46-----------27.38
TEL back up at PhP 3185
9:48-----------26.77
9:49-----------30.74
9:50-----------31.38------------3636.26
9:51-----------27.24
9:52-----------29.32
9:54-----------29.49
Advancers 7 Decliners 47
9:56-----------27.94
9:57-----------24.43
The market tries to mount a rebound.
9:59-----------21.86
10:01----------20.42
10:02----------15.58
10:03----------14.02
10:04----------12.92
10:05----------11.92
10:06-----------8.15
TEL at PhP 3205
10:07----------9.31
10:08----------8.28
10:09---------10.04
10:10----------8.71
10:11----------7.22------------3660.42 (day's high)
10:18---------13.10
10:19---------18.42
10:21---------16.65
10:22---------18.20
10:24---------19.54
The drop accelerates once again and induces more selling.
10:28---------22.78
10:29---------25.69
10:31---------26.30
10:32---------30.29
10:33---------33.81
10:34---------34.96
10:35---------35.56
10:41---------35.15
PhP 41.542 vs US$ 1.00
10:42---------36.74
10:46---------38.45
Advancers 15 Decliners 73
TEL at PhP 3195. The decline in the market at this point is not just because of a dip in the price of PLDT.
10:49--------40.00
10:55--------40.41
10:56--------40.95
10:58--------39.75
10:59--------37.56
11:01--------42.22-----------3625.42
Advancers 20 Decliners 75
11:02--------43.16
11:03--------39.02
11:05--------40.57
11:06--------41.17
11:07--------43.17-----------3624.47
Advancers 20 Decliners 81
11:09--------42.49
11:13--------45.11
11:19--------44.11
11:19--------44.66
11:23--------46.82
11:24--------47.27
11:26--------48.19
11:30--------44.98
11:33--------43.31
11:36--------47.02
11:39--------48.05
11:39--------49.53
11:40--------50.68
11:41--------53.04---------3614.60
The chart gap at 3615-3620 opened the previous day was closed.
11:42--------53.26
11:43--------54.32
11:44--------51.69
11:45--------55.85
11:46--------63.22---------3604.40
Advancers 25 Decliners 92
TEL now at PhP 3150.
11:47--------64.56
11:49--------61.69
11:50--------59.94
11:51--------64.71
11:52--------65.61
11:53--------70.02---------3597.62 (day's low)
The 3600 was briefly tested, but the market immediately rebounds above it and somewhat tries to limit the day's losses in the final minutes of trading for the year 2007.
11:54--------57.62
11:56--------59.03
11:57--------55.37
11:58--------49.53
11:59--------46.27
12:01--------46.04--------3621.60 (-1.25%)
Market Close.
Advancers 75
Decliners 44
Value turnover PhP 3.973 bn
Cross transactions: PhP 955 mn
Sectoral Indices were lower across-the-board.
Property -3.98%
Industrial -1.50%
Financial -1.14%
Holdings -0.49%
Services -0.11%
M-O -0.09%
The Day's Top Gainers:
MFIN: PhP 4.00; +33.33%
VVT: PhP 7.00; +16.67%
PCKH: PhP 10.00; +11.11%
The Day's Biggest Decliners:
CEU: PhP 5.50; -36.78%
AAI: PhP 2.50; -33.33%
ABAB: PhP 0.010; -16.67%
Trading in WallStreet - December 27, 2007
DOW JONES INDUSTRIAL AVERAGE(DJIA)
Index Value: 13,359.61
Trade Time: December 27
Change: Down 192.08 (-1.42%)
Prev Close: 13,551.69
Open: 13,549.17
Day's Range: 13349.53 - 13551.04
Index Value: 13,359.61
Trade Time: December 27
Change: Down 192.08 (-1.42%)
Prev Close: 13,551.69
Open: 13,549.17
Day's Range: 13349.53 - 13551.04
Thursday, December 27, 2007
The day's market - December 27, 2007
WallStreet was flat overnight. The Dow Jones Industrial Average (DJIA) closed higher by only 2.36 points to end at 13551.69.
New York Metal & Oil Report
Gold - up $12.30 ($825.10/$825.60)
Oil - up $2.71 ($95.97)
The local equities market rode on the momentum of yesterday's strong surge to continue its year-end window dressing.
PSEi previous close - 3612.63 (December 26, 2007)
time-----------up------------PSEi
9:31----------7.89----------3620.52
Advancers 12 Decliners 6
9:32---------8.70
9:33--------13.63
9:34--------16.28
9:35--------15.90
9:36--------15.14
PhP 41.285 vs US$ 1.00
9:38--------18.86
9:39--------21.24
9:41--------22.98
9:43--------26.75-----------3639.38
9:46--------22.82
9:51--------23.30
9:53--------25.20
9:57--------27.63
9:58--------33.96-----------3646.59
10:00-------31.10
Advancers 40 Decliners 23
10:07-------30.47
10:09-------29.80
PhP 41.309 vs US$ 1.00
10:11-------31.35----------3643.98
A minor pullback and conolidation ensues in the next half hour.
10:22-------17.61
10:25-------17.37----------3630.00
10:27-------22.38
10:29-------23.83
10:38-------23.16
PhP 41.323 vs US$ 1.00. The peso slightly weakens against the dollar.
10:41-------25.35
10:47-------28.07
10:53-------27.93
10:57-------29.78
10:58-------30.38
The market moves to higher levels in the last hour of the trading session.
11:00-------35.32
11:01-------38.84-----------3651.47
11:04-------37.95
11:05-------39.24
At this point, value turnover was already at PhP 1.517 bn.
11:08-------42.15
PhP 41.338 vs US$ 1.00
11:14-------41.74
11:15-------39.72
11:21-------38.05
11:22-------39.20
11:23-------43.25
Advancers 48 Decliners 44
11:26-------40.07
11:27-------43.56
11:30-------45.40-----------3658.03
11:32-------42.53
11:34-------41.99
11:36-------40.70
11:40-------38.55
PhP 41.356 vs US$ 1.00
11:42-------35.71-----------3648.34
11:44-------37.83
11:46-------38.04
11:49-------39.32
11:50-------40.46
11:51-------41.95
11:52-------44.53
11:55-------45.76-----------3658.39
11:56-------42.65
11:58-------42.49
11:59-------48.59
12:01-------55.01-----------3667.64 (+1.52%)
Market Close.
Advancers 65
Decliners 40
Value turnover: PhP 3.057 bn
Cross transactions: 909 mn
Value turnover improved. Brisk trading in the mining issues were observed as Gold prices firmed up.
Today's opening jump in the Philippine Stock Exchange Index (PSEi) opened another chart gap at the 3615-3620 levels. This is the third straight trading session in which a gap was opened due to a strong initial surge in the market.
The local equities market has advanced 200 points in the last four trading days.
Sectoral Indices.
Holdings +3.04%
M-O +2.47%
Services +2.18%
Property +0.57%
Financial +0.03%
Industrial -0.05%
The Day's Top Gainers:
VVT: PhP 6.00; +48.15%
JOH: PhP 1.80; +12.50%
LSC: PhP 1.80; +12.50%
The Day's Biggest Decliners:
MFIN: PhP 3.00; -37.50%
VITA: PhP 0.36; -7.69%
JGS: PhP 10.50; -4.55%
New York Metal & Oil Report
Gold - up $12.30 ($825.10/$825.60)
Oil - up $2.71 ($95.97)
The local equities market rode on the momentum of yesterday's strong surge to continue its year-end window dressing.
PSEi previous close - 3612.63 (December 26, 2007)
time-----------up------------PSEi
9:31----------7.89----------3620.52
Advancers 12 Decliners 6
9:32---------8.70
9:33--------13.63
9:34--------16.28
9:35--------15.90
9:36--------15.14
PhP 41.285 vs US$ 1.00
9:38--------18.86
9:39--------21.24
9:41--------22.98
9:43--------26.75-----------3639.38
9:46--------22.82
9:51--------23.30
9:53--------25.20
9:57--------27.63
9:58--------33.96-----------3646.59
10:00-------31.10
Advancers 40 Decliners 23
10:07-------30.47
10:09-------29.80
PhP 41.309 vs US$ 1.00
10:11-------31.35----------3643.98
A minor pullback and conolidation ensues in the next half hour.
10:22-------17.61
10:25-------17.37----------3630.00
10:27-------22.38
10:29-------23.83
10:38-------23.16
PhP 41.323 vs US$ 1.00. The peso slightly weakens against the dollar.
10:41-------25.35
10:47-------28.07
10:53-------27.93
10:57-------29.78
10:58-------30.38
The market moves to higher levels in the last hour of the trading session.
11:00-------35.32
11:01-------38.84-----------3651.47
11:04-------37.95
11:05-------39.24
At this point, value turnover was already at PhP 1.517 bn.
11:08-------42.15
PhP 41.338 vs US$ 1.00
11:14-------41.74
11:15-------39.72
11:21-------38.05
11:22-------39.20
11:23-------43.25
Advancers 48 Decliners 44
11:26-------40.07
11:27-------43.56
11:30-------45.40-----------3658.03
11:32-------42.53
11:34-------41.99
11:36-------40.70
11:40-------38.55
PhP 41.356 vs US$ 1.00
11:42-------35.71-----------3648.34
11:44-------37.83
11:46-------38.04
11:49-------39.32
11:50-------40.46
11:51-------41.95
11:52-------44.53
11:55-------45.76-----------3658.39
11:56-------42.65
11:58-------42.49
11:59-------48.59
12:01-------55.01-----------3667.64 (+1.52%)
Market Close.
Advancers 65
Decliners 40
Value turnover: PhP 3.057 bn
Cross transactions: 909 mn
Value turnover improved. Brisk trading in the mining issues were observed as Gold prices firmed up.
Today's opening jump in the Philippine Stock Exchange Index (PSEi) opened another chart gap at the 3615-3620 levels. This is the third straight trading session in which a gap was opened due to a strong initial surge in the market.
The local equities market has advanced 200 points in the last four trading days.
Sectoral Indices.
Holdings +3.04%
M-O +2.47%
Services +2.18%
Property +0.57%
Financial +0.03%
Industrial -0.05%
The Day's Top Gainers:
VVT: PhP 6.00; +48.15%
JOH: PhP 1.80; +12.50%
LSC: PhP 1.80; +12.50%
The Day's Biggest Decliners:
MFIN: PhP 3.00; -37.50%
VITA: PhP 0.36; -7.69%
JGS: PhP 10.50; -4.55%
Wednesday, December 26, 2007
Trading in the PSE the day after Christmas - 2007
After a four-day break, trading in the Philippine Stock Exchange (PSE) resumed today. WallStreet has advanced by about 300 points since Friday.
With investors still caught up in the holiday mood, the local equities market immediately opened higher. And as most selling orders were already matched last week before the long break, year-end window dressing drove the market to higher levels.
PSEi previous close - 3532.98 (December 21, 2007)
time-----------up-------------PSEi
9:31----------19.08----------3552.06
Advancers 7 Decliners 3
The 3550 level is immediately broken.
9:32----------22.21
9:33----------27.43
9:34----------30.53
9:35----------29.88
PLDT (TEL) traded at PhP 3045 from PhP 3030 previously.
9:36---------30.53
9:38---------33.40
9:39---------34.21-------------3567.17
9:42---------30.44
9:43---------31.59
9:45---------50.32-------------3583.30
TEL shot up to PhP 3100.
The PSEi then hurdles the 3580 level easily.
9:48---------53.43
9:49---------54.44
9:50---------50.87-------------3583.85
9:51---------55.87
9:53---------57.72
9:55---------56.15
9:59---------57.98
10:03--------58.71
10:04--------59.96
10:05--------66.10
10:07--------68.26-------------3601.24
Momentum carries the market even past the 3600 level where it manages to hold for the rest of the trading day.
10:08---------70.04
10:09---------70.57
PhP 41.377 vs US$ 1.00
10:10---------68.81
10:11---------69.04
10:12---------70.28
10:14---------72.20
10:17---------71.09
10:21---------70.95
10:26---------76.54------------3609.52
10:31---------75.75
10:33---------72.15
10:36---------69.92
10:40---------68.85------------3601.83
PhP 41.375 vs US$ 1.00
10:41---------71.72
10:43---------77.11
10:45---------76.23
10;47---------76.86
10:50---------77.01------------3609.99
10:53---------74.15
10:54---------73.78
10:57---------78.20
Value turnover just reached the billion peso mark at this point.
10:58---------79.48
11:02---------80.59
11:04---------82.02
Advancers 75 Decliners 15
11:10---------82.66------------3615.64 (day's high)
11:13---------77.88
111:17--------76.65
11:19---------74.94
11:22---------74.15
11:24---------78.09
11:26---------78.97
11:33---------76.82
11:34---------73.95
11:36---------80.57------------3613.55
11:39---------76.93
PhP 41.351 vs US$ 1.00
11:40---------71.63------------3604.61
11:41---------78.64
11:43---------76.64
11:51---------78.71
11:54---------75.97
11:56---------78.58
11:58---------79.43
11:59---------78.92
12:01---------79.65------------3612.63 (+2.26%)
Market Close.
Advancers 83
Decliners 26
Value turnover: PhP 1.907 bn
Cross transactions: PhP 737 mn
Value turnover remained thin. Today's immediate jump from the opening bell opened a chart gap at the 3543-3552 levels.
Sectoral Indices advanced across-the-board.
Holdings +3.02%
M-O +2.88%
Services +2.29%
Financial +2.00%
Property +1.87%
Industrial +1.03%
The Day's Top Gainers:
VVT: PhP 4.05; +50.00%
PECB: PhP 17.50; +48.94%
LSC: PhP 1.60; +23.08%
The Day's Biggest Decliners:
FDC: PhP 5.40; -6.90%
WIN: PhP 0.38; -3.45%
LR: PhP 2.28; -3.39%
With investors still caught up in the holiday mood, the local equities market immediately opened higher. And as most selling orders were already matched last week before the long break, year-end window dressing drove the market to higher levels.
PSEi previous close - 3532.98 (December 21, 2007)
time-----------up-------------PSEi
9:31----------19.08----------3552.06
Advancers 7 Decliners 3
The 3550 level is immediately broken.
9:32----------22.21
9:33----------27.43
9:34----------30.53
9:35----------29.88
PLDT (TEL) traded at PhP 3045 from PhP 3030 previously.
9:36---------30.53
9:38---------33.40
9:39---------34.21-------------3567.17
9:42---------30.44
9:43---------31.59
9:45---------50.32-------------3583.30
TEL shot up to PhP 3100.
The PSEi then hurdles the 3580 level easily.
9:48---------53.43
9:49---------54.44
9:50---------50.87-------------3583.85
9:51---------55.87
9:53---------57.72
9:55---------56.15
9:59---------57.98
10:03--------58.71
10:04--------59.96
10:05--------66.10
10:07--------68.26-------------3601.24
Momentum carries the market even past the 3600 level where it manages to hold for the rest of the trading day.
10:08---------70.04
10:09---------70.57
PhP 41.377 vs US$ 1.00
10:10---------68.81
10:11---------69.04
10:12---------70.28
10:14---------72.20
10:17---------71.09
10:21---------70.95
10:26---------76.54------------3609.52
10:31---------75.75
10:33---------72.15
10:36---------69.92
10:40---------68.85------------3601.83
PhP 41.375 vs US$ 1.00
10:41---------71.72
10:43---------77.11
10:45---------76.23
10;47---------76.86
10:50---------77.01------------3609.99
10:53---------74.15
10:54---------73.78
10:57---------78.20
Value turnover just reached the billion peso mark at this point.
10:58---------79.48
11:02---------80.59
11:04---------82.02
Advancers 75 Decliners 15
11:10---------82.66------------3615.64 (day's high)
11:13---------77.88
111:17--------76.65
11:19---------74.94
11:22---------74.15
11:24---------78.09
11:26---------78.97
11:33---------76.82
11:34---------73.95
11:36---------80.57------------3613.55
11:39---------76.93
PhP 41.351 vs US$ 1.00
11:40---------71.63------------3604.61
11:41---------78.64
11:43---------76.64
11:51---------78.71
11:54---------75.97
11:56---------78.58
11:58---------79.43
11:59---------78.92
12:01---------79.65------------3612.63 (+2.26%)
Market Close.
Advancers 83
Decliners 26
Value turnover: PhP 1.907 bn
Cross transactions: PhP 737 mn
Value turnover remained thin. Today's immediate jump from the opening bell opened a chart gap at the 3543-3552 levels.
Sectoral Indices advanced across-the-board.
Holdings +3.02%
M-O +2.88%
Services +2.29%
Financial +2.00%
Property +1.87%
Industrial +1.03%
The Day's Top Gainers:
VVT: PhP 4.05; +50.00%
PECB: PhP 17.50; +48.94%
LSC: PhP 1.60; +23.08%
The Day's Biggest Decliners:
FDC: PhP 5.40; -6.90%
WIN: PhP 0.38; -3.45%
LR: PhP 2.28; -3.39%
Tuesday, December 25, 2007
Trading in WallStreet - December 24,2007
DOW JONES INDUSTRIAL AVERAGE (DJIA)summary
Index Value: 13,549.33
Trade Time: Dec 24
Change: UP 98.68 (+0.73%)
Prev Close: 13,450.65
Open: 13,450.73
Day's Range: 13449.27 - 13562.99
Trading in the Philippine Stock Exchange (PSE) will resume on December 26, 2007.
MERRY CHRISTMAS!
Index Value: 13,549.33
Trade Time: Dec 24
Change: UP 98.68 (+0.73%)
Prev Close: 13,450.65
Open: 13,450.73
Day's Range: 13449.27 - 13562.99
Trading in the Philippine Stock Exchange (PSE) will resume on December 26, 2007.
MERRY CHRISTMAS!
Saturday, December 22, 2007
Trading in WallStreet - December 21,2007
DOW JONES INDUSTRIAL AVERAGE(DJIA) summary
Index Value: 13,450.65
Trade Time: Dec 21
Change: Up 205.01 (+1.55%)
Prev Close: 13,245.64
Open: 13,241.66
Day's Range: 13241.57 - 13473.98
Index Value: 13,450.65
Trade Time: Dec 21
Change: Up 205.01 (+1.55%)
Prev Close: 13,245.64
Open: 13,241.66
Day's Range: 13241.57 - 13473.98
Trading in the Philippine Stock Exchange before the Christmas break (2007)
Market comments:
BusinessWorld - December 21, 2007
The Philippine Star - December 21, 2007
Overnight, the Dow Jones Industrial Average (DJIA) was up by 38.37 points and closed at 13,245.64
The Bangko Sentral ng Pilipinas (BSP) reduced interest rates by 25 basis points. Its borrowing rate is now at 5.25% and its lending rate at 7.25%. The reduction was the third in a series since October this year.
Without the drag of WallStreet declining, the local equities market had a rally to close strong for the long four-day Christmas break.
PSEi previous close - 3491.96 (December 20, 2007)
time----------up---------PSEi
9:31---------5.18--------3497.14
Advancers 16 Decliners 4
9:32---------6.86
9:33--------10.38-------3502.34
The 3500 level was broken and the market manages to move higher and the Santa Claus rally was on.
9:34--------10.01-------3501.97
9:35--------13.91
9:36--------14.51
PhP 41.734
9:37--------15.79
9:38--------16.44
9:39--------18.24
Advancers 33 Decliners 8
9:40--------20.86
9:41--------21.29
9:42--------22.73
9:43--------23.18
9:46--------22.97
9:46--------28.87-------3520.83
The market consolidates just below the 3520 level.
9:47--------24.81
9:49--------25.25
9:53--------26.65
9:55--------27.19
9:57--------27.73
9:59--------29.96
10:02-------28.10
10:04-------27.19
10:06-------27.58
The market moves above the 3520 level.
10:07-------30.31--------3522.27
10:08-------33.01
10:10-------33.38
10:11-------36.25--------3528.21
Advancers 50 Decliners 10
10:12-------35.97
10:13-------37.01
10:19-------36.76
10:20-------38.47
10:23-------35.75
10:26-------34.44
10:30-------33.76
10:36-------34.31
Advancers 56 Decliners 19
Value turnover at this point is at only PhP 758 mn
10:39-------38.96
10:43-------40.31
10:45-------41.20
10:47-------42.17
10:08-------40.69
10:50-------41.37
10:51-------42.26
10:54-------40.54
10:58-------39.54
11:02-------44.91
11:08-------40.83
Adavncers 67 Decliners 26
Value turnover: PhP 1.143 bn
11:13-------38.70
11:27-------38.55
11:28-------41.51
Advancers 65 Decliners 29
Value turnover: PhP 1.780 bn
11:31-------45.70
11:32-------47.22
11:35-------46.17
11:36-------44.41
11:39-------46.24
PhP 41.700 vs US$ 1.00
11:41-------43.33
11:43-------45.93
11:47-------44.56
11:50-------43.92
11:54-------44.12
11:57-------42.48
Value turnover: PhO 2.365 bn
11:59------51.13--------3543.09
12:01------41.02--------3532.98 (+1.18%)
Market Close.
Advancers 67
Decliners 39
Value turnover: PhP 2.812 bn
Cross transactions: PhP 957 mn
Sectoral Indices.
Holdings +2.04%
Property +1.88%
Financial +1.35%
Industrial +0.73%
Services +0.53%
M-O -2.22%
The Day's Top Gainers:
VVT: PhP: +50.00%
ABAB: PhP: +20.00%
MFIN: PhP 4.80: + 20.00%
The Day's Biggest Decliners:
ARA: PhP 0.56; -9.68%
LC: PhP 0.46; -6.12%
LIHC: PhP 16.25; -4.41%
BusinessWorld - December 21, 2007
The Philippine Star - December 21, 2007Overnight, the Dow Jones Industrial Average (DJIA) was up by 38.37 points and closed at 13,245.64
The Bangko Sentral ng Pilipinas (BSP) reduced interest rates by 25 basis points. Its borrowing rate is now at 5.25% and its lending rate at 7.25%. The reduction was the third in a series since October this year.
Without the drag of WallStreet declining, the local equities market had a rally to close strong for the long four-day Christmas break.
PSEi previous close - 3491.96 (December 20, 2007)
time----------up---------PSEi
9:31---------5.18--------3497.14
Advancers 16 Decliners 4
9:32---------6.86
9:33--------10.38-------3502.34
The 3500 level was broken and the market manages to move higher and the Santa Claus rally was on.
9:34--------10.01-------3501.97
9:35--------13.91
9:36--------14.51
PhP 41.734
9:37--------15.79
9:38--------16.44
9:39--------18.24
Advancers 33 Decliners 8
9:40--------20.86
9:41--------21.29
9:42--------22.73
9:43--------23.18
9:46--------22.97
9:46--------28.87-------3520.83
The market consolidates just below the 3520 level.
9:47--------24.81
9:49--------25.25
9:53--------26.65
9:55--------27.19
9:57--------27.73
9:59--------29.96
10:02-------28.10
10:04-------27.19
10:06-------27.58
The market moves above the 3520 level.
10:07-------30.31--------3522.27
10:08-------33.01
10:10-------33.38
10:11-------36.25--------3528.21
Advancers 50 Decliners 10
10:12-------35.97
10:13-------37.01
10:19-------36.76
10:20-------38.47
10:23-------35.75
10:26-------34.44
10:30-------33.76
10:36-------34.31
Advancers 56 Decliners 19
Value turnover at this point is at only PhP 758 mn
10:39-------38.96
10:43-------40.31
10:45-------41.20
10:47-------42.17
10:08-------40.69
10:50-------41.37
10:51-------42.26
10:54-------40.54
10:58-------39.54
11:02-------44.91
11:08-------40.83
Adavncers 67 Decliners 26
Value turnover: PhP 1.143 bn
11:13-------38.70
11:27-------38.55
11:28-------41.51
Advancers 65 Decliners 29
Value turnover: PhP 1.780 bn
11:31-------45.70
11:32-------47.22
11:35-------46.17
11:36-------44.41
11:39-------46.24
PhP 41.700 vs US$ 1.00
11:41-------43.33
11:43-------45.93
11:47-------44.56
11:50-------43.92
11:54-------44.12
11:57-------42.48
Value turnover: PhO 2.365 bn
11:59------51.13--------3543.09
12:01------41.02--------3532.98 (+1.18%)
Market Close.
Advancers 67
Decliners 39
Value turnover: PhP 2.812 bn
Cross transactions: PhP 957 mn
Sectoral Indices.
Holdings +2.04%
Property +1.88%
Financial +1.35%
Industrial +0.73%
Services +0.53%
M-O -2.22%
The Day's Top Gainers:
VVT: PhP: +50.00%
ABAB: PhP: +20.00%
MFIN: PhP 4.80: + 20.00%
The Day's Biggest Decliners:
ARA: PhP 0.56; -9.68%
LC: PhP 0.46; -6.12%
LIHC: PhP 16.25; -4.41%
Thursday, December 20, 2007
The day's market - December 20, 2007
DOW JONES INDUSTRIAL AVERAGE (DJIA)summary
Index Value: 13,207.27
Trade Time: Dec 19
Change: Down 25.20 (-0.19%)
Prev Close: 13,232.47
Open: 13,231.98
Day's Range: 13146.79 - 13300.43
The market moved sideways. It consolidated with an upward bias after the declines in the past four trading days.
PSEi previous close - 3466.28 (December 19, 2007)
time-----------up------------PSEi
9:31----------1.39----------3467.67
9:32----------0.86----------3467.14 (day's low)
9:33----------2.52
9:34----------9.38
9:35---------10.11
9:36----------8.85
9:38----------9.00
pHp 41.756 VS us$ 1.00
9:40---------11.74
9:44---------13.67-----------3479.95
The 3480 level is initially tested.
9:51---------13.00
9:54---------10.10
9:56----------9.50
10:02---------9.74
10:05--------10.88
PhP 41.789 VS US$ 1.00
10:19--------11.09
10:23--------12.65
10:28--------13.33
10:29--------15.25------------3481.53.
The PSEI continues to consolidate at the 3480 level.
10:34--------14.34
10:38--------12.22
10:46--------13.66
10:51--------13.26
10:53--------14.03
10:58--------14.03
Advancers 34 Decliners 30
11:00--------15.82
11:01--------18.69
11:04--------16.92
11:09--------14.17-----------3480.45
PhP 41.781 vs $US 1.00
11:10--------15.60
11:12--------16.00
11:14--------15.32
11:19--------15.32
Value turnover is still at a measly PhP 900mn at this point.
Advancers 35 Decliners 41
11:20--------16.52
11:21--------17.48
11:22--------14.77
11:27--------14.10
11:30--------13.43------------3479.71
Value turnover just reached the 1 billion peso mark.
Trading picks up in the last hour of trading. Value turnover increases significantly.
11:31--------13.88
11:32--------14.96
11:33--------16.67
11:39--------16.95
11:40--------17.41
PhP 41.780 vs US$ 1.00
11:41--------18.34
11:42--------19.95
11:46--------19.46
11:51--------19.35
11:52--------17.86
11:53--------21.47
11:54--------23.40
11:55--------22.42
11:57--------21.76
11:58--------21.05
11:59--------24.58
12:01--------25.68------------3491.96 (+0.74%)
Market Close.
Advancers 51
Decliners 38
Value turnover: PhP 3.020 bn
Cross transactions: PhP 1.365 bn
The rally late in the trading session had the market close at its day's high. Accompanied with an increase in turnover, the momentum has the market within striking distance of the 3500 level. This is expected to be challenged before the market closes for the long Christmas weekend break.
The DJIA must hold above the 13000 level to prevent further confidence erosion and bouts of panic selling in the local equities market.
Sectoral Indices closed higher across-the-board.
Property +1.35%
Holdings +0.83%
Financial +0.75%
M-O +0.48%
Industrial +0.45%
Services +0.41%
The Day's Top Gainers:
VVT: PhP 1.80; +50.00%
JTH: PhP 4.60**; +22.67%
PHES: PhP 0.34; +13.33%
**JTH price was adjusted because of a 600% stock dividend. From PhP 26.50, the previous close was changed to PhP 3.75
The Day's Biggest Decliners:
ZHI: PhP 0.50; -13.79%
FAF: PhP 0.92; -8.00%
PWR: PhP 0.38; -7.32%
Index Value: 13,207.27
Trade Time: Dec 19
Change: Down 25.20 (-0.19%)
Prev Close: 13,232.47
Open: 13,231.98
Day's Range: 13146.79 - 13300.43
The market moved sideways. It consolidated with an upward bias after the declines in the past four trading days.
PSEi previous close - 3466.28 (December 19, 2007)
time-----------up------------PSEi
9:31----------1.39----------3467.67
9:32----------0.86----------3467.14 (day's low)
9:33----------2.52
9:34----------9.38
9:35---------10.11
9:36----------8.85
9:38----------9.00
pHp 41.756 VS us$ 1.00
9:40---------11.74
9:44---------13.67-----------3479.95
The 3480 level is initially tested.
9:51---------13.00
9:54---------10.10
9:56----------9.50
10:02---------9.74
10:05--------10.88
PhP 41.789 VS US$ 1.00
10:19--------11.09
10:23--------12.65
10:28--------13.33
10:29--------15.25------------3481.53.
The PSEI continues to consolidate at the 3480 level.
10:34--------14.34
10:38--------12.22
10:46--------13.66
10:51--------13.26
10:53--------14.03
10:58--------14.03
Advancers 34 Decliners 30
11:00--------15.82
11:01--------18.69
11:04--------16.92
11:09--------14.17-----------3480.45
PhP 41.781 vs $US 1.00
11:10--------15.60
11:12--------16.00
11:14--------15.32
11:19--------15.32
Value turnover is still at a measly PhP 900mn at this point.
Advancers 35 Decliners 41
11:20--------16.52
11:21--------17.48
11:22--------14.77
11:27--------14.10
11:30--------13.43------------3479.71
Value turnover just reached the 1 billion peso mark.
Trading picks up in the last hour of trading. Value turnover increases significantly.
11:31--------13.88
11:32--------14.96
11:33--------16.67
11:39--------16.95
11:40--------17.41
PhP 41.780 vs US$ 1.00
11:41--------18.34
11:42--------19.95
11:46--------19.46
11:51--------19.35
11:52--------17.86
11:53--------21.47
11:54--------23.40
11:55--------22.42
11:57--------21.76
11:58--------21.05
11:59--------24.58
12:01--------25.68------------3491.96 (+0.74%)
Market Close.
Advancers 51
Decliners 38
Value turnover: PhP 3.020 bn
Cross transactions: PhP 1.365 bn
The rally late in the trading session had the market close at its day's high. Accompanied with an increase in turnover, the momentum has the market within striking distance of the 3500 level. This is expected to be challenged before the market closes for the long Christmas weekend break.
The DJIA must hold above the 13000 level to prevent further confidence erosion and bouts of panic selling in the local equities market.
Sectoral Indices closed higher across-the-board.
Property +1.35%
Holdings +0.83%
Financial +0.75%
M-O +0.48%
Industrial +0.45%
Services +0.41%
The Day's Top Gainers:
VVT: PhP 1.80; +50.00%
JTH: PhP 4.60**; +22.67%
PHES: PhP 0.34; +13.33%
**JTH price was adjusted because of a 600% stock dividend. From PhP 26.50, the previous close was changed to PhP 3.75
The Day's Biggest Decliners:
ZHI: PhP 0.50; -13.79%
FAF: PhP 0.92; -8.00%
PWR: PhP 0.38; -7.32%
Wednesday, December 19, 2007
The day's market - December 19, 2007
DOW JONES INDUSTRIAL AVERAGE (DJIA) summary
Index Value: 13,232.47
Trade Time: Dec 18
Change: Up 65.27 (+0.50%)
Prev Close: 13,167.20
Open: 13,168.66
Day's Range: 13092.00 - 13279.46
After the past three day's declines, the local equities market just consolidated. The PSEi opened higher but the rebound in WallStreet had investors unconvinced and the market gave back its gains and even closed lower.
PSEi previous close - 3470.21 (December 18, 2007)
time-------------change-----------PSEi
9:31-----------up 18.17-----------3488.38
9:35--------------19.06
PhP 41.775 vs US$ 1.00
9:36-----------up 22.90----------3493.11 (day's high)
9:48--------------19.71
9:49--------------13.40
9:53--------------12.75
9:57--------------18.21
10:01-------------19.40
10:09-------------13.79
10:17-------------13.79
10:22-------------13.44
10:25--------------9.60
Investor confidence remain shaky.
10:27-----------up 8.93
10:29--------------7.25
10:31--------------5.08
10:33--------------3.32
10:34--------------0.93
The market moves into negative territory.
10:36---------down 3.48
10:38--------------5.40
10:40--------------6.38
10:43--------------7.54
10:44--------------5.42
10:47--------------8.79
10:48-------------10.34
10:53--------------5.40
10:54--------------2.68
11:01--------------1.23
The PSEi is hard pressed to advance.
11:05----------up 0.66
11:07-------------0.28
11:11--------down 1.42
11:16-------------3.88
11:21-------------5.88
11:28------------10.38
11:30------------11.32-----------3458.89 (day's low)
11:31-------down 11.01
11:32-------------9.77
11:36-------------6.41
11:45--------down 9.14
11:56-------------5.21
11:58----------up 0.09
11:59--------down 6.54
12:01-------------3.93-----------3466.28 (-0.11%)
Market Close.
Advancers 49
Decliners 51
Market direction is still unsure and investors remain tentative. The broad market reflects this as the number of gainers and decliners were fairly even and so were the sectoral indices.
A move towards the 3500 is needed to set the stage for any rally.
Value turnover: PhP 3.535 bn
Cross transactions: PhP 1.059 bn
Sectoral Indices.
Property -1.42%
M-O -0.70%
Holdings -0.35%
Services +0.20%
Financial +0.30%
Industrial +0.72%
The Day's Top Gainers:
ORE: PhP 3.20; +18.52%
SFI: PhP 0.44; +10.00%
PAX: PhP 5.90; +9.26%
The Day's Biggest Decliners:
MFIN: PhP 4.00; -33.33%
PHES: PhP 0.30; -11.76%
ICTV: PhP 2.80; -9.68%
The day's biggest gainer was newly listed Oriental Peninsula Resources group, Inc (ORE). It's Initial Public Offering (IPO) was priced at phP 2.70 and its close at PhP 3.20 is a gain of 18.52%.
open PhP 3.15
low PhP 3.00
high PhP 3.30
close PhP 3.20
Volume turnover: 67,466,000 shares
Value turnover: PhP 213,009,000
Index Value: 13,232.47
Trade Time: Dec 18
Change: Up 65.27 (+0.50%)
Prev Close: 13,167.20
Open: 13,168.66
Day's Range: 13092.00 - 13279.46
After the past three day's declines, the local equities market just consolidated. The PSEi opened higher but the rebound in WallStreet had investors unconvinced and the market gave back its gains and even closed lower.
PSEi previous close - 3470.21 (December 18, 2007)
time-------------change-----------PSEi
9:31-----------up 18.17-----------3488.38
9:35--------------19.06
PhP 41.775 vs US$ 1.00
9:36-----------up 22.90----------3493.11 (day's high)
9:48--------------19.71
9:49--------------13.40
9:53--------------12.75
9:57--------------18.21
10:01-------------19.40
10:09-------------13.79
10:17-------------13.79
10:22-------------13.44
10:25--------------9.60
Investor confidence remain shaky.
10:27-----------up 8.93
10:29--------------7.25
10:31--------------5.08
10:33--------------3.32
10:34--------------0.93
The market moves into negative territory.
10:36---------down 3.48
10:38--------------5.40
10:40--------------6.38
10:43--------------7.54
10:44--------------5.42
10:47--------------8.79
10:48-------------10.34
10:53--------------5.40
10:54--------------2.68
11:01--------------1.23
The PSEi is hard pressed to advance.
11:05----------up 0.66
11:07-------------0.28
11:11--------down 1.42
11:16-------------3.88
11:21-------------5.88
11:28------------10.38
11:30------------11.32-----------3458.89 (day's low)
11:31-------down 11.01
11:32-------------9.77
11:36-------------6.41
11:45--------down 9.14
11:56-------------5.21
11:58----------up 0.09
11:59--------down 6.54
12:01-------------3.93-----------3466.28 (-0.11%)
Market Close.
Advancers 49
Decliners 51
Market direction is still unsure and investors remain tentative. The broad market reflects this as the number of gainers and decliners were fairly even and so were the sectoral indices.
A move towards the 3500 is needed to set the stage for any rally.
Value turnover: PhP 3.535 bn
Cross transactions: PhP 1.059 bn
Sectoral Indices.
Property -1.42%
M-O -0.70%
Holdings -0.35%
Services +0.20%
Financial +0.30%
Industrial +0.72%
The Day's Top Gainers:
ORE: PhP 3.20; +18.52%
SFI: PhP 0.44; +10.00%
PAX: PhP 5.90; +9.26%
The Day's Biggest Decliners:
MFIN: PhP 4.00; -33.33%
PHES: PhP 0.30; -11.76%
ICTV: PhP 2.80; -9.68%
The day's biggest gainer was newly listed Oriental Peninsula Resources group, Inc (ORE). It's Initial Public Offering (IPO) was priced at phP 2.70 and its close at PhP 3.20 is a gain of 18.52%.
open PhP 3.15
low PhP 3.00
high PhP 3.30
close PhP 3.20
Volume turnover: 67,466,000 shares
Value turnover: PhP 213,009,000
Tuesday, December 18, 2007
The day's market - December 18, 2007
DOW JONES INDUSTRIAL AVERAGE(DJIA)summary
Index Value: 13,167.20
Trade Time: December 17
Change: Down 172.65 (-1.29%)
Prev Close: 13,339.85
Open: 13,339.20
Day's Range: 13158.58 - 13339.45
Another big drop in WallStreet had investors scampering for a way out. And also, because the market was abruptly cut yesterday, there were some pent up selling orders which aggravated the situation.
With asian markets also opening lower, the local equities market immediately drops unmindful of any support levels.
PSEi previous close - 3488.82 (December 17, 2007)
time------------down-----------PSEi
9:31------------42.27----------3446.55
Advancer 1 Decliners 30
9:32------------44.40
9:33------------51.10
9:34------------48.56
9:35------------53.37
9:37------------55.62
9:38------------56.24
9:39------------58.29----------3430.53
PhP 41.983 vs US$ 1.00
Asian markets were down.
9:42------------53.19
9:43------------60.01
9:44------------65.42
9:45------------71.09
9:46------------74.30----------3414.52(the day's low)
The PSEi approaches the 3400 level.
9:48------------72.51
9:50------------71.57
9:51------------65.05
9:53------------62.36----------3426.46
9:54------------70.05
9:55------------66.44
10:00-----------63.53
10:06-----------73.86----------3414.96
Another re test of the 3400 level.
10:08-----------66.02
10:13-----------64.03
10:14-----------62.99
10:21-----------61.72
10:22-----------60.05
10:24-----------57.21
10:26-----------54.49
10:33-----------50.52
10:34-----------49.25
10:39-----------48.26
10:43-----------47.80
10:45-----------46.39
10:48-----------44.57
Advancers 15 decliners 89
Buyers were observed to be coming in the market. Selling also seems to have tapered off as bargain hunters slowly gains confidence.
10:50-----------42.81
10:53-----------40.17
10:54-----------38.95----------3449.87
Advancers 19 Decliners 86
The market tries to hurdle the 3450 level and build a base support.
10:58----------37.02
10:59----------34.61
11:00----------33.30
11:01----------32.97
11:05----------28.08------------3460.74
11:07----------31.52
11:10----------28.55
PhP 42.012 vs US$ 1.00
11:15----------28.20
11:17----------25.59
11:28----------24.87
11:31----------22.74
11:37----------19.74
11:43----------19.59
11:45----------16.73
11:52----------15.95------------3472.87
11:56----------19.79
11:57----------22.05
11:58----------24.38------------3464.44
11:59----------24.33
12:01----------18.61------------3470.21(-0.53%)
Market Close.
Advancers 41
Decliners 66
Value turnover: PhP 5.306 bn
Cross transactions: PhP 2.576 bn
Most asian equities' markets were already up at this point.
PhP 41.997 vs US$ 1.00
The Dow Jones Industrial Average (DJIA) has fallen more than 600 points in the last five trading days. It is currently near the 13000 level.
The day's sudden drop in the Philippine Stock Exchange Index (PSEi) upon the opening bell leaves a chart gap from yesterday that was not fully covered as the bounce back fell short.
Sectoral Indices.
Property +0.77%
M-O +0.71%
Services +0.48%
Industrial -0.99%
Financial -1.10%
Holdings -1.76%
The Day's Top Gainers:
WPI: PhP 0.83; +10.67%
BRN: PhP 1.94; +7.78%
OM: PhP 0.014; +7.69%
PRC: PhP 3.30; +6.45%
The Day's Biggest Decliners:
APR: PhP 2.80; -26.32%
SGI: PhP 0.70; -12.50%
LIHC: PhP 16.75; -6.94%
PAX: PhP 5.40; -6.90%
Index Value: 13,167.20
Trade Time: December 17
Change: Down 172.65 (-1.29%)
Prev Close: 13,339.85
Open: 13,339.20
Day's Range: 13158.58 - 13339.45
Another big drop in WallStreet had investors scampering for a way out. And also, because the market was abruptly cut yesterday, there were some pent up selling orders which aggravated the situation.
With asian markets also opening lower, the local equities market immediately drops unmindful of any support levels.
PSEi previous close - 3488.82 (December 17, 2007)
time------------down-----------PSEi
9:31------------42.27----------3446.55
Advancer 1 Decliners 30
9:32------------44.40
9:33------------51.10
9:34------------48.56
9:35------------53.37
9:37------------55.62
9:38------------56.24
9:39------------58.29----------3430.53
PhP 41.983 vs US$ 1.00
Asian markets were down.
9:42------------53.19
9:43------------60.01
9:44------------65.42
9:45------------71.09
9:46------------74.30----------3414.52(the day's low)
The PSEi approaches the 3400 level.
9:48------------72.51
9:50------------71.57
9:51------------65.05
9:53------------62.36----------3426.46
9:54------------70.05
9:55------------66.44
10:00-----------63.53
10:06-----------73.86----------3414.96
Another re test of the 3400 level.
10:08-----------66.02
10:13-----------64.03
10:14-----------62.99
10:21-----------61.72
10:22-----------60.05
10:24-----------57.21
10:26-----------54.49
10:33-----------50.52
10:34-----------49.25
10:39-----------48.26
10:43-----------47.80
10:45-----------46.39
10:48-----------44.57
Advancers 15 decliners 89
Buyers were observed to be coming in the market. Selling also seems to have tapered off as bargain hunters slowly gains confidence.
10:50-----------42.81
10:53-----------40.17
10:54-----------38.95----------3449.87
Advancers 19 Decliners 86
The market tries to hurdle the 3450 level and build a base support.
10:58----------37.02
10:59----------34.61
11:00----------33.30
11:01----------32.97
11:05----------28.08------------3460.74
11:07----------31.52
11:10----------28.55
PhP 42.012 vs US$ 1.00
11:15----------28.20
11:17----------25.59
11:28----------24.87
11:31----------22.74
11:37----------19.74
11:43----------19.59
11:45----------16.73
11:52----------15.95------------3472.87
11:56----------19.79
11:57----------22.05
11:58----------24.38------------3464.44
11:59----------24.33
12:01----------18.61------------3470.21(-0.53%)
Market Close.
Advancers 41
Decliners 66
Value turnover: PhP 5.306 bn
Cross transactions: PhP 2.576 bn
Most asian equities' markets were already up at this point.
PhP 41.997 vs US$ 1.00
The Dow Jones Industrial Average (DJIA) has fallen more than 600 points in the last five trading days. It is currently near the 13000 level.
The day's sudden drop in the Philippine Stock Exchange Index (PSEi) upon the opening bell leaves a chart gap from yesterday that was not fully covered as the bounce back fell short.
Sectoral Indices.
Property +0.77%
M-O +0.71%
Services +0.48%
Industrial -0.99%
Financial -1.10%
Holdings -1.76%
The Day's Top Gainers:
WPI: PhP 0.83; +10.67%
BRN: PhP 1.94; +7.78%
OM: PhP 0.014; +7.69%
PRC: PhP 3.30; +6.45%
The Day's Biggest Decliners:
APR: PhP 2.80; -26.32%
SGI: PhP 0.70; -12.50%
LIHC: PhP 16.75; -6.94%
PAX: PhP 5.40; -6.90%
Monday, December 17, 2007
The day's market - December 17, 2007
Market comments and outlook:
BusinessWorld - December 17, 2007
DOW JONES INDUSTRIAL AVERAGE (DJIA) summary
Index Value: 13,339.85
Trade Time: Dec 14
Change: Down 178.11 (-1.32%)
Prev Close: 13,517.96
Open: 13,515.11
Day's Range: 13332.13 - 13515.36
With WallStreet closing near its low after suffering a huge loss last Friday, local equities did not find any respite from the selling of foreign brokerages which took everybody by surprise at the end of last week.
PSEi previous close - 3538.69 (December 14, 2007)
time-----------down-----------PSEi
9:31-----------3.88----------3534.81
Advancers 3 Decliners 23
The market decline immediately accelerates.
9:32----------18.68
9:33----------24.38
9:33----------27.00
9:34----------29.10
PhP 41.440 vs US$ 1.00
9:36----------34.10
9:37----------35.25
Advancers 4 Decliners 45
9:38----------40.22-----------3498.47
The 3500 support level was broken. The PSEi heads lower
9:39----------46.65
9:40----------47.16
9:42----------47.85-----------3490.84
9:43----------44.24-----------3494.45
9:45----------43.60
9:50----------47.32
9:51----------50.23-----------3488.46
9:52----------49.76
9:53----------51.20
9:55----------52.28
9:56----------52.56
9:58----------55.86-----------3482.83
Advancers 11 Decliners 75
10:00---------56.90
10:01---------58.61
10:02---------59.21
10:04---------59.66-----------3479.03 (the day's low)
The 3480 level was indeed tested and it holds. A minor rebound ensues.
10:06--------53.48
10:07--------52.23
10:08--------50.54
10:09--------53.26
10:13--------47.95
10:16--------46.19
10:18--------42.97
10:19--------45.10
10:20--------40.96------------3497.73
The PSEi tries now to test the 3500 level and attempts to hurdle it.
10:23--------41.14
10:27--------42.38------------3496.31
10:29--------41.74
10:32--------43.15
10:33--------39.07
10:34--------38.20-----------3500.39
10:36--------42.44
10:37--------37.26
10:38--------38.06
10:39--------36.70------------3501.99
PhP 41.433 vs US$ 1.00
10:41--------36.98
10:44--------38.41
10:45--------35.69------------3503.00
10:46--------39.43
10:48--------38.65------------3500.04
After a half hour of trying to get over the 3500 level, another wave of selling cuts the attempted rally.
10:49-------41.37------------3497.32
10:52-------43.94
10:53-------44.35
10:54-------46.62
10:55-------49.16------------3489.53
10:56-------45.17
10:57-------44.50
10:58-------49.17
10:59-------51.45------------3487.24
The market drifts sideways for the final hour of the trading day.
11:00------45.54-------------3493.15
11:01------47.31
11:03------49.53
11:10------47.26
11:11------52.07-------------3486.62
11:12------47.48
11:13------45.93
11:16------51.03
11:19------52.34
11:21------53.82
11:23------52.02
11:25------57.21------------3481.48
11:27------53.07
11:28------51.21
11:29------50.18
11:31------49.73------------3488.96
11:33------51.00
11:38------51.44
11:40------54.31------------3484.38
11:42------53.42
11:43------52.75
Advancers 21 Decliners 102
At this point market was halted because of technical problems. These computer or system glitches are beginning to be annoying to investors and market investors.
Market resumes trading at 11:55
11:58------53.33
12:00------51.87------------3486.82 (-1.47%)
Because of another bout with technical problems, the market halted at 12 noon and the 10 minute run-off period did not anymore commence.
Advancers 26
Decliners 100
Value turnover phP 2.560 bn
Cross transactions PhP 792 mn
The 3480 level barely holds and value turnover is thin. The selling momentum seems to have not yet abated. A move above the 3500 level is needed for a rebound to prosper.
The day's fall enabled the PSEi to close a chart gap at the 3496-3502 levels, which was left open last Nov 23- 26, 2007.
Sectoral Indices were down across-the-board.
M-O -3.40%
Holdings -2.65%
Property -2.36%
Financial -1.29%
Services -0.67%
Industrial -0.37%
The Day's Top Gainers:
DHC: PhP 15.00; +50.00%
MFIN: PhP 5.70; +50.00%
APR: PhP 3.80; +15.15%
The Day's Biggest Decliners:
PECB: PhP 11.75; -38.16%
LSC: PhP 1.30; -18.75%
SFI: PhP 0.40; -14.89%
BusinessWorld - December 17, 2007DOW JONES INDUSTRIAL AVERAGE (DJIA) summary
Index Value: 13,339.85
Trade Time: Dec 14
Change: Down 178.11 (-1.32%)
Prev Close: 13,517.96
Open: 13,515.11
Day's Range: 13332.13 - 13515.36
With WallStreet closing near its low after suffering a huge loss last Friday, local equities did not find any respite from the selling of foreign brokerages which took everybody by surprise at the end of last week.
PSEi previous close - 3538.69 (December 14, 2007)
time-----------down-----------PSEi
9:31-----------3.88----------3534.81
Advancers 3 Decliners 23
The market decline immediately accelerates.
9:32----------18.68
9:33----------24.38
9:33----------27.00
9:34----------29.10
PhP 41.440 vs US$ 1.00
9:36----------34.10
9:37----------35.25
Advancers 4 Decliners 45
9:38----------40.22-----------3498.47
The 3500 support level was broken. The PSEi heads lower
9:39----------46.65
9:40----------47.16
9:42----------47.85-----------3490.84
9:43----------44.24-----------3494.45
9:45----------43.60
9:50----------47.32
9:51----------50.23-----------3488.46
9:52----------49.76
9:53----------51.20
9:55----------52.28
9:56----------52.56
9:58----------55.86-----------3482.83
Advancers 11 Decliners 75
10:00---------56.90
10:01---------58.61
10:02---------59.21
10:04---------59.66-----------3479.03 (the day's low)
The 3480 level was indeed tested and it holds. A minor rebound ensues.
10:06--------53.48
10:07--------52.23
10:08--------50.54
10:09--------53.26
10:13--------47.95
10:16--------46.19
10:18--------42.97
10:19--------45.10
10:20--------40.96------------3497.73
The PSEi tries now to test the 3500 level and attempts to hurdle it.
10:23--------41.14
10:27--------42.38------------3496.31
10:29--------41.74
10:32--------43.15
10:33--------39.07
10:34--------38.20-----------3500.39
10:36--------42.44
10:37--------37.26
10:38--------38.06
10:39--------36.70------------3501.99
PhP 41.433 vs US$ 1.00
10:41--------36.98
10:44--------38.41
10:45--------35.69------------3503.00
10:46--------39.43
10:48--------38.65------------3500.04
After a half hour of trying to get over the 3500 level, another wave of selling cuts the attempted rally.
10:49-------41.37------------3497.32
10:52-------43.94
10:53-------44.35
10:54-------46.62
10:55-------49.16------------3489.53
10:56-------45.17
10:57-------44.50
10:58-------49.17
10:59-------51.45------------3487.24
The market drifts sideways for the final hour of the trading day.
11:00------45.54-------------3493.15
11:01------47.31
11:03------49.53
11:10------47.26
11:11------52.07-------------3486.62
11:12------47.48
11:13------45.93
11:16------51.03
11:19------52.34
11:21------53.82
11:23------52.02
11:25------57.21------------3481.48
11:27------53.07
11:28------51.21
11:29------50.18
11:31------49.73------------3488.96
11:33------51.00
11:38------51.44
11:40------54.31------------3484.38
11:42------53.42
11:43------52.75
Advancers 21 Decliners 102
At this point market was halted because of technical problems. These computer or system glitches are beginning to be annoying to investors and market investors.
Market resumes trading at 11:55
11:58------53.33
12:00------51.87------------3486.82 (-1.47%)
Because of another bout with technical problems, the market halted at 12 noon and the 10 minute run-off period did not anymore commence.
Advancers 26
Decliners 100
Value turnover phP 2.560 bn
Cross transactions PhP 792 mn
The 3480 level barely holds and value turnover is thin. The selling momentum seems to have not yet abated. A move above the 3500 level is needed for a rebound to prosper.
The day's fall enabled the PSEi to close a chart gap at the 3496-3502 levels, which was left open last Nov 23- 26, 2007.
Sectoral Indices were down across-the-board.
M-O -3.40%
Holdings -2.65%
Property -2.36%
Financial -1.29%
Services -0.67%
Industrial -0.37%
The Day's Top Gainers:
DHC: PhP 15.00; +50.00%
MFIN: PhP 5.70; +50.00%
APR: PhP 3.80; +15.15%
The Day's Biggest Decliners:
PECB: PhP 11.75; -38.16%
LSC: PhP 1.30; -18.75%
SFI: PhP 0.40; -14.89%
Friday, December 14, 2007
The days' market - December 14, 2007
DOW JONES INDUSTRIAL AVERAGE(DJIA)summary
Index Value: 13,517.96
Trade Time: Dec 13
Change: up 44.06 (+0.33%)
Prev Close: 13,473.90
Open: 13,473.98
Day's Range: 13353.92 - 13527.63
The local equities market virtually ignored the movement in WallStreet (which was able to recover from a more than 120 point drop in the early going). The Philippine Stock Exchange Index (PSEi) opened lower and surprisingly, it immediately went into a steep spiral downwards. It was not able to recover and investors and analysts were hard up in looking for a major reason for the day's big decline.
It was however noticeable that foreign brokerages were selling down blue chip issues and select property stocks. We can only surmise that it is part of the year-end winding down of their portfolios before they get back into the market by January next year.
PSEi previous close - 3626.21 (December 13, 2007)
time------------down------------PSEi
9:31-----------18.10------------3608.11
9:31-----------19.59
9:33-----------20.64
9:34-----------24.44
9:37-----------26.28------------3599.93
PhP 41.241 vs US$ 1.00
The key 3600 support level was easily broken. As soon that it became evident that the PSEi would not be able to go back above it, the market drop accelerates.
9:38-----------31.03
9:39-----------32.00
9:40-----------38.78
9:41-----------43.92
9:45-----------46.28------------3579.93
If the PSEi had any hope of recovering back towards the 3600 level intraday, the 3580level should have held and would have been the support for a rebound.
The market tries to stay near this level in the next half hour.
9:49-----------46.37
9:51-----------50.29
9:53-----------51.10
9:55-----------52.40------------3573.81
9:56-----------49.50
10:02----------50.64
10:05----------51.55
10:08----------48.69
10:11----------48.05
10:23----------48.01
10:25----------47.34------------3578.87
10:42----------62.46------------3563.75
PhP 41.202 vs US$ 1.00
A sudden drop dashed the hopes of a recovery within the day.
10:46----------61.06
Trading of select blue chip issues:
TEL PhP 3000 from PhP 3045 previously.
AC PhP 545 from PhP 565 previously.
MER PhP 81.00 from PhP 84.50 previously.
10:52----------63.63
Advancers 26 Decliners 83
10:58----------63.79
10:59----------64.46
11:03----------67.78
11:12----------70.42
11:14----------70.86
11:18----------71.27
11:20----------72.28
11:24----------72.53------------3553.93 (-2.00%)
Advancers 28 Decliners 97
The market tries to hold at the 3550 level.
11:25----------69.71
11:28----------68.64-----------3557.57
11:36----------71.16
11:42----------70.49
PhP 41.187 vs US$ 1.00
11:46----------71.63
11:50----------72.71
11:52----------76.73----------3549.48
The 3550 level is tested and breached in the closing minutes of the day's trading session.
11:53----------73.37
11:54----------81.44----------3544.77
11:57----------75.24
11:58----------79.55
11:59----------84.69
12:01----------87.52----------3538.69(-2.41%)
Market Close.
Advancers 23
Decliners 106
The breakdown from the 3600 level left a lot of uncertainty in the market. Confidence is also shaken and the market closed at its day's low. We hope that investors regain composure over the weekend.
Value turnover: PhP 4.184 bn
Cross transactions: PhP 1.540 bn
Sectoral Indices.
Property -4.59%
Holdings -3.46%
Services -1.45%
M-O -1.45%
Financial -1.42%
Industrial -1.33%
The Day's Top Gainers:
MFIN: PhP 3.80; +49.02%
SGI: PhP 0.80; +26.98%
SPM: PhP 1.26; +10.53%
The Day's Biggest Decliners:
APR: PhP 3.30; -14.29%
RLT: PhP 0.48; -12.73%
CYBR: PhP 0.37; -9.76%
Index Movers: (Effect on the PSEi of blue chip issues)
AC -17.20 points
TEL -13.99 points
ALI -12.42 points
SMPH -8.17 points
Index Value: 13,517.96
Trade Time: Dec 13
Change: up 44.06 (+0.33%)
Prev Close: 13,473.90
Open: 13,473.98
Day's Range: 13353.92 - 13527.63
The local equities market virtually ignored the movement in WallStreet (which was able to recover from a more than 120 point drop in the early going). The Philippine Stock Exchange Index (PSEi) opened lower and surprisingly, it immediately went into a steep spiral downwards. It was not able to recover and investors and analysts were hard up in looking for a major reason for the day's big decline.
It was however noticeable that foreign brokerages were selling down blue chip issues and select property stocks. We can only surmise that it is part of the year-end winding down of their portfolios before they get back into the market by January next year.
PSEi previous close - 3626.21 (December 13, 2007)
time------------down------------PSEi
9:31-----------18.10------------3608.11
9:31-----------19.59
9:33-----------20.64
9:34-----------24.44
9:37-----------26.28------------3599.93
PhP 41.241 vs US$ 1.00
The key 3600 support level was easily broken. As soon that it became evident that the PSEi would not be able to go back above it, the market drop accelerates.
9:38-----------31.03
9:39-----------32.00
9:40-----------38.78
9:41-----------43.92
9:45-----------46.28------------3579.93
If the PSEi had any hope of recovering back towards the 3600 level intraday, the 3580level should have held and would have been the support for a rebound.
The market tries to stay near this level in the next half hour.
9:49-----------46.37
9:51-----------50.29
9:53-----------51.10
9:55-----------52.40------------3573.81
9:56-----------49.50
10:02----------50.64
10:05----------51.55
10:08----------48.69
10:11----------48.05
10:23----------48.01
10:25----------47.34------------3578.87
10:42----------62.46------------3563.75
PhP 41.202 vs US$ 1.00
A sudden drop dashed the hopes of a recovery within the day.
10:46----------61.06
Trading of select blue chip issues:
TEL PhP 3000 from PhP 3045 previously.
AC PhP 545 from PhP 565 previously.
MER PhP 81.00 from PhP 84.50 previously.
10:52----------63.63
Advancers 26 Decliners 83
10:58----------63.79
10:59----------64.46
11:03----------67.78
11:12----------70.42
11:14----------70.86
11:18----------71.27
11:20----------72.28
11:24----------72.53------------3553.93 (-2.00%)
Advancers 28 Decliners 97
The market tries to hold at the 3550 level.
11:25----------69.71
11:28----------68.64-----------3557.57
11:36----------71.16
11:42----------70.49
PhP 41.187 vs US$ 1.00
11:46----------71.63
11:50----------72.71
11:52----------76.73----------3549.48
The 3550 level is tested and breached in the closing minutes of the day's trading session.
11:53----------73.37
11:54----------81.44----------3544.77
11:57----------75.24
11:58----------79.55
11:59----------84.69
12:01----------87.52----------3538.69(-2.41%)
Market Close.
Advancers 23
Decliners 106
The breakdown from the 3600 level left a lot of uncertainty in the market. Confidence is also shaken and the market closed at its day's low. We hope that investors regain composure over the weekend.
Value turnover: PhP 4.184 bn
Cross transactions: PhP 1.540 bn
Sectoral Indices.
Property -4.59%
Holdings -3.46%
Services -1.45%
M-O -1.45%
Financial -1.42%
Industrial -1.33%
The Day's Top Gainers:
MFIN: PhP 3.80; +49.02%
SGI: PhP 0.80; +26.98%
SPM: PhP 1.26; +10.53%
The Day's Biggest Decliners:
APR: PhP 3.30; -14.29%
RLT: PhP 0.48; -12.73%
CYBR: PhP 0.37; -9.76%
Index Movers: (Effect on the PSEi of blue chip issues)
AC -17.20 points
TEL -13.99 points
ALI -12.42 points
SMPH -8.17 points
Thursday, December 13, 2007
The day's market - December 13, 2007
DOW JONES INDUSTRIAL AVERAGE (DJIA) summary
Index Value: 13,473.90
Trade Time: Dec 12
Change: up 41.13 (+0.31%)
Prev Close: 13,432.77
Open: 13,434.80
Day's Range: 13321.64 - 13704.52
WallSteet was up by almost 300 points in the early part of its trading day but went down by more than 100 points at the last hour. The day's wide range shows there is still much volatility. The Dow Jones Industrial Average (DJIA) ended up with modest gain of 41.13 points.
For the day, the local equities market consolidated just above the 3600 level.
PSEi previous close - 3605.59 (December 12, 2007)
time-------------up-------------PSEi
9:31------------4.42------------3610.01
Advancers 18 Decliners 8
9:32------------2.63
9:34------------0.11
PLDT opened trading at PhP 3030 from its previous close of PhP 3040.
9:36------------0.56
9:37-----------17.34-----------3622.93
PLDT traded at PhP 3380.
9:38-----------16.64
PhP 41.157 vs US$ 1.00
9:39-----------18.15
9:40-----------14.48
9:42------------1.25-----------3606.84
PLDT was back at PhP 3030.
9:43------------2.14
Advancers 24 Decliners 13
The 3600 level holds.
9:44------------3.85
9:45------------4.49
9:46------------6.17
9:49------------6.28
9:51------------9.01
9:52------------7.86
9:54------------8.43
9:57-----------11.74
10:01----------13.07---------3618.66
10:06----------10.84
10:12----------12.18
10:14----------13.30
10:15----------15.74---------3621.33
10:20----------14.54
10:29-----------9.17
10:45-----------8.82
10:47----------10.78
10:54----------15.35--------3620.94
11:02----------19.20
11:04----------24.66--------3630.25 (the day's high)
11:05----------23.62
11:11----------17.71
PhP 41.127 vs US$ 1.00
11:14----------14.71
11:16----------14.39
11:25----------12.33--------3617.92
11:39----------15.12
11:43----------18.42
11:45----------20.93
11:50----------21.95
11:56----------20.68
11:57----------23.98
11:58----------18.81
12:01----------20.62--------3626.21 (+0.57%)
Market Close.
Advancers 55
Decliners 55
Value turnover: PhP 4.757 bn
Cross transactions: PhP 2.706 bn
Sectoral Indices.
Industrial +1.38%
Financial +0.73%
M-O +0.69%
Property +0.52%
Services +0.25%
Holdings -0.13%
The Day's Top Gainers:
BRN: PhP 2.12; +49.30%
MFIN: PhP 2.55; +48.26%
CA: PhP 40.00; + 37.93%
RLT: PhP 0.55; +19.57%
The Day's Biggest Decliners:
AB: PhP 9.00; -18.18%
DFNN: PhP 14.00; -9.68%
OPMB: PhP 0.025; -7.41%
PWR: PhP 0.43; -6.52%
Index Value: 13,473.90
Trade Time: Dec 12
Change: up 41.13 (+0.31%)
Prev Close: 13,432.77
Open: 13,434.80
Day's Range: 13321.64 - 13704.52
WallSteet was up by almost 300 points in the early part of its trading day but went down by more than 100 points at the last hour. The day's wide range shows there is still much volatility. The Dow Jones Industrial Average (DJIA) ended up with modest gain of 41.13 points.
For the day, the local equities market consolidated just above the 3600 level.
PSEi previous close - 3605.59 (December 12, 2007)
time-------------up-------------PSEi
9:31------------4.42------------3610.01
Advancers 18 Decliners 8
9:32------------2.63
9:34------------0.11
PLDT opened trading at PhP 3030 from its previous close of PhP 3040.
9:36------------0.56
9:37-----------17.34-----------3622.93
PLDT traded at PhP 3380.
9:38-----------16.64
PhP 41.157 vs US$ 1.00
9:39-----------18.15
9:40-----------14.48
9:42------------1.25-----------3606.84
PLDT was back at PhP 3030.
9:43------------2.14
Advancers 24 Decliners 13
The 3600 level holds.
9:44------------3.85
9:45------------4.49
9:46------------6.17
9:49------------6.28
9:51------------9.01
9:52------------7.86
9:54------------8.43
9:57-----------11.74
10:01----------13.07---------3618.66
10:06----------10.84
10:12----------12.18
10:14----------13.30
10:15----------15.74---------3621.33
10:20----------14.54
10:29-----------9.17
10:45-----------8.82
10:47----------10.78
10:54----------15.35--------3620.94
11:02----------19.20
11:04----------24.66--------3630.25 (the day's high)
11:05----------23.62
11:11----------17.71
PhP 41.127 vs US$ 1.00
11:14----------14.71
11:16----------14.39
11:25----------12.33--------3617.92
11:39----------15.12
11:43----------18.42
11:45----------20.93
11:50----------21.95
11:56----------20.68
11:57----------23.98
11:58----------18.81
12:01----------20.62--------3626.21 (+0.57%)
Market Close.
Advancers 55
Decliners 55
Value turnover: PhP 4.757 bn
Cross transactions: PhP 2.706 bn
Sectoral Indices.
Industrial +1.38%
Financial +0.73%
M-O +0.69%
Property +0.52%
Services +0.25%
Holdings -0.13%
The Day's Top Gainers:
BRN: PhP 2.12; +49.30%
MFIN: PhP 2.55; +48.26%
CA: PhP 40.00; + 37.93%
RLT: PhP 0.55; +19.57%
The Day's Biggest Decliners:
AB: PhP 9.00; -18.18%
DFNN: PhP 14.00; -9.68%
OPMB: PhP 0.025; -7.41%
PWR: PhP 0.43; -6.52%
Wednesday, December 12, 2007
The day's market - December 12, 2007
After a steep decline in WallStreet even as an expected rate cut has been effected; investors were more than surprised and uncertainty pervaded in the local equities market. The market headed straight down from the opening bell.
PSEi previous close - 3672.38 (December 11,2007)
time------------down---------PSEi
9:31-----------39.85---------3632.53
9:32-----------49.55
9:33-----------52.55
9:34-----------54.21
9:35-----------56.37
9:36-----------68.01
9:40-----------70.08--------3602.30
9:42-----------66.16
9:43-----------64.98
9:48-----------62.68
9:50-----------72.08-------3600.30
The 3600 level is tested and holds.
9:51-----------70.33
9:53-----------68.61
9:58-----------66.44
10:01----------64.58
10:02----------60.05
10:03----------58.71
10:05----------56.70
10:09----------55.58-------3616.80
The market tries to minimize its losses as it consolidates just above the 3600 level.
PhP 41.482 vs US$ 1.00
10:17----------57.17
10:22----------63.78
10:26----------59.51
10:34----------59.51
10:36----------60.17
10:42----------61.68
10:43----------56.33
PhP 41.479 vs US$ 1.00
10:54----------57.34
10:59----------52.01
11:00----------49.64
11:07----------48.12
11:10----------46.41
PhP 41.477 vs US$ 1.00
11:19----------45.95-------3626.43
The markets fails to move higher and continues to try to build a strong base at the 3600 level.
11:27----------51.30
11:31----------55.26
11:35----------52.19
11:36----------54.57
11:40----------59.29
11:50----------60.92
11:55----------64.33
11:58----------61.50
11:59----------64.45
12:01----------66.79-------3605.59 (-1.82%)
Market Close.
PhP 41.474 vs US$ 1.00
It is imperative for the market to hold at the 3600 level this week. A breach of this support level may imperil the year-end rally that investors have come to expect. This may lead to loss of confidence and sentiment turnaround.
Market Activity
Trades 9,295
Volume 3,319,643,578
Value tuenover: PhP 4.256 bn
Advances 22
Declines 95
Unchanged 39
Sectoral Indices.
Property -3.54%
Financial -3.31%
M-O -2.45%
Holdings -2.00%
Services -0.97%
Industrial +0.29%
The Day's Top Gainers:
MPIW: PhP 2.85; +14.00%
JOH: PhP 1.78; +9.88%
GO: PhP o.24; +9.09%
SMC: PhP 55.00; +8.91%
SMCB: PhP 55.50; +7.77%
The Day's Biggest Decliners:
ABAB: PhP 0.010; -16.67%
OPM: PhP 0.023; -8.00%
BCB: PhP 25.00; -7.41%
UW: PhP 0.25; -7.41%
OM: PhP 0.013; -7.14%
PSEi previous close - 3672.38 (December 11,2007)
time------------down---------PSEi
9:31-----------39.85---------3632.53
9:32-----------49.55
9:33-----------52.55
9:34-----------54.21
9:35-----------56.37
9:36-----------68.01
9:40-----------70.08--------3602.30
9:42-----------66.16
9:43-----------64.98
9:48-----------62.68
9:50-----------72.08-------3600.30
The 3600 level is tested and holds.
9:51-----------70.33
9:53-----------68.61
9:58-----------66.44
10:01----------64.58
10:02----------60.05
10:03----------58.71
10:05----------56.70
10:09----------55.58-------3616.80
The market tries to minimize its losses as it consolidates just above the 3600 level.
PhP 41.482 vs US$ 1.00
10:17----------57.17
10:22----------63.78
10:26----------59.51
10:34----------59.51
10:36----------60.17
10:42----------61.68
10:43----------56.33
PhP 41.479 vs US$ 1.00
10:54----------57.34
10:59----------52.01
11:00----------49.64
11:07----------48.12
11:10----------46.41
PhP 41.477 vs US$ 1.00
11:19----------45.95-------3626.43
The markets fails to move higher and continues to try to build a strong base at the 3600 level.
11:27----------51.30
11:31----------55.26
11:35----------52.19
11:36----------54.57
11:40----------59.29
11:50----------60.92
11:55----------64.33
11:58----------61.50
11:59----------64.45
12:01----------66.79-------3605.59 (-1.82%)
Market Close.
PhP 41.474 vs US$ 1.00
It is imperative for the market to hold at the 3600 level this week. A breach of this support level may imperil the year-end rally that investors have come to expect. This may lead to loss of confidence and sentiment turnaround.
Market Activity
Trades 9,295
Volume 3,319,643,578
Value tuenover: PhP 4.256 bn
Advances 22
Declines 95
Unchanged 39
Sectoral Indices.
Property -3.54%
Financial -3.31%
M-O -2.45%
Holdings -2.00%
Services -0.97%
Industrial +0.29%
The Day's Top Gainers:
MPIW: PhP 2.85; +14.00%
JOH: PhP 1.78; +9.88%
GO: PhP o.24; +9.09%
SMC: PhP 55.00; +8.91%
SMCB: PhP 55.50; +7.77%
The Day's Biggest Decliners:
ABAB: PhP 0.010; -16.67%
OPM: PhP 0.023; -8.00%
BCB: PhP 25.00; -7.41%
UW: PhP 0.25; -7.41%
OM: PhP 0.013; -7.14%
WallStreet falls despite the 25 basis points interest rate cut
DOW JONES INDUSTRIAL AVERAGE (DJIA) summary
Index Value: 13,432.77
Trade Time: 4:04PM ET
Change: 294.26 (2.14%)
Prev Close: 13,727.03
Open: 13,726.87
Day's Range: 13413.74 - 13780.11
52wk Range: 11,926.80 - 14,280.00
The Dow Jones Industrial Average (DJIA) fell steeply in the last two hours of its trading. The 25 basis points rate cut may have been deemed as too little too late. The previous advances in WallStreet may also have factored in a half percent rate cut. The US Interest Rate is now at 4.25% after the modest cut.
Index Value: 13,432.77
Trade Time: 4:04PM ET
Change: 294.26 (2.14%)
Prev Close: 13,727.03
Open: 13,726.87
Day's Range: 13413.74 - 13780.11
52wk Range: 11,926.80 - 14,280.00
The Dow Jones Industrial Average (DJIA) fell steeply in the last two hours of its trading. The 25 basis points rate cut may have been deemed as too little too late. The previous advances in WallStreet may also have factored in a half percent rate cut. The US Interest Rate is now at 4.25% after the modest cut.
Tuesday, December 11, 2007
The day's market - December 11, 2007
DOW JONES INDUSTRIAL AVERAGE (DJIA) summary
Index Value: 13,727.03
Trade Time: Dec 10
Change: 101.45 (0.74%)
Prev Close: 13,625.58
Open: 13,623.55
Day's Range: 13,623.55 - 13,754.02
The local equities market did not follow the big advance in WallStreet. It opened up tentatively, and then declined to close the chart gap at the 3648-3676 which was only partially closed yesterday. After tocuhing a low of 3649, it slowly regained its losses to end almost flat.
PSEi previous close - 3675.52 (December 10, 2007)
time------------change-----------PSEi
9:31------------up 3.88---------3679.40
Advancers 13 Decliners 2
9:32------------up 7.08
9:34---------------8.45---------3683.97 (the day's low)
PhP 41.520 vs US$ 1.00
9:36------------up 6.69
9:38---------------5.17
9:40---------------3.59
9:40---------------2.94
9:43---------------4.66
9:49---------------1.99
9:53---------------0.64
The market goes down to negative territory.
9:55----------down 0.64
9:57---------------0.84
Advancers 29 Decliners 27
9:58----------down 3.43
9:59---------------6.68
10:01--------------7.36
10:06--------------6.78
Advancers 33 Decliners 31
10:11---------down 9.11
10:18-------------10.70
10:24-------------13.76
Advancers 28 Decliners 42
10:33---------down 14.85
10:34--------------18.18--------3657.34
10:35--------------16.61
10:39--------------17.29
10:46--------------18.47
10:47--------------20.15
10:54--------------20.52
10:56--------------24.38--------3651.14
Advancers 35 Decliners 62
10:57---------down 26.14--------3649.38 (the day's low)
The chart gap was closed at this point and the market slowly recovers.
10:58---------down 25.06
10:59--------------23.50
11:01--------------21.95
11:06--------------21.66
11:07--------------23.15
11:09--------------21.66
11:22--------------19.73
PhP 41.499 vs $US 1.00
11:27---------down 16.49
11:32--------------14.84
11:36--------------11.97
11:38--------------11.67
11:42--------------12.11
Advancers 44 Decliners 77
PhP 41.479 vs US$ 1.00
11:51--------------3.51
11:52--------------2.93
11:59--------------2.91
12:01--------------3.14---------3672.38 (-0.08%)
Market Close.
Advancers 57
Decliners 54
Value turnover: PhP 3.63 bn
Cross transactions: PhP 1.761 bn
Sectoral Indices.
Property -1.17%
Industrial -0.11%
M-O -0.11%
Financial +0.08%
Services +0.31%
Holdings +0.91%
The Day's Top Gainers.
CA: PhP 29.00; +48.72%
APR: PhP 3.85; +24.19%
SPH: PhP 7.90; +12.86%
The Day's Biggest Decliners:
CAT: PhP 2.08; -39.71%
ATSP: PhP 3.20; -30.43%
GO: PhP 0.22; -18.52%
Index Value: 13,727.03
Trade Time: Dec 10
Change: 101.45 (0.74%)
Prev Close: 13,625.58
Open: 13,623.55
Day's Range: 13,623.55 - 13,754.02
The local equities market did not follow the big advance in WallStreet. It opened up tentatively, and then declined to close the chart gap at the 3648-3676 which was only partially closed yesterday. After tocuhing a low of 3649, it slowly regained its losses to end almost flat.
PSEi previous close - 3675.52 (December 10, 2007)
time------------change-----------PSEi
9:31------------up 3.88---------3679.40
Advancers 13 Decliners 2
9:32------------up 7.08
9:34---------------8.45---------3683.97 (the day's low)
PhP 41.520 vs US$ 1.00
9:36------------up 6.69
9:38---------------5.17
9:40---------------3.59
9:40---------------2.94
9:43---------------4.66
9:49---------------1.99
9:53---------------0.64
The market goes down to negative territory.
9:55----------down 0.64
9:57---------------0.84
Advancers 29 Decliners 27
9:58----------down 3.43
9:59---------------6.68
10:01--------------7.36
10:06--------------6.78
Advancers 33 Decliners 31
10:11---------down 9.11
10:18-------------10.70
10:24-------------13.76
Advancers 28 Decliners 42
10:33---------down 14.85
10:34--------------18.18--------3657.34
10:35--------------16.61
10:39--------------17.29
10:46--------------18.47
10:47--------------20.15
10:54--------------20.52
10:56--------------24.38--------3651.14
Advancers 35 Decliners 62
10:57---------down 26.14--------3649.38 (the day's low)
The chart gap was closed at this point and the market slowly recovers.
10:58---------down 25.06
10:59--------------23.50
11:01--------------21.95
11:06--------------21.66
11:07--------------23.15
11:09--------------21.66
11:22--------------19.73
PhP 41.499 vs $US 1.00
11:27---------down 16.49
11:32--------------14.84
11:36--------------11.97
11:38--------------11.67
11:42--------------12.11
Advancers 44 Decliners 77
PhP 41.479 vs US$ 1.00
11:51--------------3.51
11:52--------------2.93
11:59--------------2.91
12:01--------------3.14---------3672.38 (-0.08%)
Market Close.
Advancers 57
Decliners 54
Value turnover: PhP 3.63 bn
Cross transactions: PhP 1.761 bn
Sectoral Indices.
Property -1.17%
Industrial -0.11%
M-O -0.11%
Financial +0.08%
Services +0.31%
Holdings +0.91%
The Day's Top Gainers.
CA: PhP 29.00; +48.72%
APR: PhP 3.85; +24.19%
SPH: PhP 7.90; +12.86%
The Day's Biggest Decliners:
CAT: PhP 2.08; -39.71%
ATSP: PhP 3.20; -30.43%
GO: PhP 0.22; -18.52%
Monday, December 10, 2007
The days' market - December 10, 2007
Dow Jones Industrial Average (DJIA) summary
Index Value: 13,625.58
Trade Time: Dec 7
Change: 5.69 (0.04%)
Prev Close: 13,619.89
Open: 13,618.27
Day's Range: 13601.36 - 13668.10
China raised its Reserve Rate Requirement by 100 basis points to 14.5% (the highest in a decade) as it tries to cool its economy to prevent it from overheating. This move cuts liquidity by more than $40 billion.
The dollar reserves of the Philippines fell slightly in November (2007) from its October (2007) levels.
PSEi previous close - 3745.39 (December 07, 2007)
WallStreet did not provide any leads as it expects a 25 to 50 basis points cut in interest rates by the Federal Reserve Board.
Asian markets were mostly down in the morning trade.
The local equities market sharp drop was unexpected. A consolidation at the 3700 level was seen. The decline however is still not a cause of worry and the PSEi just partially closed the chart gap at the 3648-3678 levels.
The 3800 level remains an upside target.
Market Information
as of December 10, 2007 12:10:00
PSE Composite/Sectoral Indices
-----------------------Value------pts down
PSEi---------------3675.52------69.87 (-1.86%)
All Shares----------2242.85------30.78
Mining & Oil-------8626.08------65.7
Financials----------893.25-------10.07
Industrial---------4397.04------11.98
Holding Firms-----2063.87------42.04
Property----------1632.54------35.26
Services-----------1838.88------47.88
Market Activity
Trades 6,987
Volume 1,958,191,801
Value PhP 4.003 bn
Advances 31
Declines 77
Unchanged 49
Top Gainers
As of Dec 10, 2007 12:10:00 PM
SECURITY NAME-------------------SYM-----Price(PhP)-----%Up
LORENZO SHIPPING CORP---------LSC--------1.68-------10.53
STA. LUCIA LAND, INC.-------------SLI--------2.18--------9.00
CADP GROUP CORPORATION------CAC-------1.54--------8.45
BENGUET CORPORATION "A"-------BC------19.50--------8.33
Biggest Decliners
As of Dec 10, 2007 12:10:00 PM
SECURITY NAME-----------------------SYM-----Price (PhP)-----% Down
ARIES PRIME RESOURCES INC--------APR--------3.10-----------18.42
LODESTAR INV. HLDNGS CORP--------LIHC------19.00-----------10.59
ABRA MINING IND. CORP.--------------AR---------0.01------------9.09
ABACUS CONS RES & HLDNGS "B"-----ABAB------0.011------------8.33
CEBU HOLDINGS INC--------------------CHI--------3.70------------7.50
Index Value: 13,625.58
Trade Time: Dec 7
Change: 5.69 (0.04%)
Prev Close: 13,619.89
Open: 13,618.27
Day's Range: 13601.36 - 13668.10
China raised its Reserve Rate Requirement by 100 basis points to 14.5% (the highest in a decade) as it tries to cool its economy to prevent it from overheating. This move cuts liquidity by more than $40 billion.
The dollar reserves of the Philippines fell slightly in November (2007) from its October (2007) levels.
PSEi previous close - 3745.39 (December 07, 2007)
WallStreet did not provide any leads as it expects a 25 to 50 basis points cut in interest rates by the Federal Reserve Board.
Asian markets were mostly down in the morning trade.
The local equities market sharp drop was unexpected. A consolidation at the 3700 level was seen. The decline however is still not a cause of worry and the PSEi just partially closed the chart gap at the 3648-3678 levels.
The 3800 level remains an upside target.
Market Information
as of December 10, 2007 12:10:00
PSE Composite/Sectoral Indices
-----------------------Value------pts down
PSEi---------------3675.52------69.87 (-1.86%)
All Shares----------2242.85------30.78
Mining & Oil-------8626.08------65.7
Financials----------893.25-------10.07
Industrial---------4397.04------11.98
Holding Firms-----2063.87------42.04
Property----------1632.54------35.26
Services-----------1838.88------47.88
Market Activity
Trades 6,987
Volume 1,958,191,801
Value PhP 4.003 bn
Advances 31
Declines 77
Unchanged 49
Top Gainers
As of Dec 10, 2007 12:10:00 PM
SECURITY NAME-------------------SYM-----Price(PhP)-----%Up
LORENZO SHIPPING CORP---------LSC--------1.68-------10.53
STA. LUCIA LAND, INC.-------------SLI--------2.18--------9.00
CADP GROUP CORPORATION------CAC-------1.54--------8.45
BENGUET CORPORATION "A"-------BC------19.50--------8.33
Biggest Decliners
As of Dec 10, 2007 12:10:00 PM
SECURITY NAME-----------------------SYM-----Price (PhP)-----% Down
ARIES PRIME RESOURCES INC--------APR--------3.10-----------18.42
LODESTAR INV. HLDNGS CORP--------LIHC------19.00-----------10.59
ABRA MINING IND. CORP.--------------AR---------0.01------------9.09
ABACUS CONS RES & HLDNGS "B"-----ABAB------0.011------------8.33
CEBU HOLDINGS INC--------------------CHI--------3.70------------7.50
Friday, December 7, 2007
The day's market - December 07, 2007
DOW JONES INDUSTRIAL AVERAG(DJIA) summary
Index Value: 13,619.89
Trade Time: Dec 6
Change: Up 174.93 (1.30%)
Prev Close: 13,444.96
Open: 13,445.85
Day's Range: 13426.18 - 13632.25
The local equities market rode on its momentum to tread on higher ground. Another huge rise in WallStreet had investors jumping into the market early in the trading session.
PSEi previous close - 3733.96
time----------------change------------PSEi
9:31-------------up 23.92-----------3757.88
9:32----------------27.48
9:34----------------33.59
9:35----------------36.57
9:42----------------33.68
9:50----------------32.25
9:57----------------37.52
10:00---------------38.52-----------3772.48 (day's high)
10:06---------------32.86
10:22---------------34.68
A computer glitch again occured and the system was not computing the PSEi properly. It was displaying an absurd 160 point drop in the market for some time.
10:36------------up 25.46
10:56---------------23.11
11:02---------------21.29
11:04---------------14.73----------3748.69
The market goes below the 3750 level. The sentiment has reversed and cautious investors turned sellers. With an hour of trading to go before the weekend; profit taking also dragged the market lower.
11:06------------up 14.01
PhP 41.754 vs US$ 1.00
11:07------------up 12.79
11:09---------------10.96
11:10----------------9.44
11:10----------------6.72
11:11----------------4.87
11:13----------------3.21
11:14----------------2.76
11:21----------------0.91
11:22-----------down 1.54
With the market moving to negative territory; it caused some concerns and inquiries were made if there were new "developments" in the political front.
11:23-----------down 6.13
11:29----------------8.16
11:33----------------9.88----------3724.08
11:35----------------3.10
The market however does not move lower and recovers.
11:45-----------down 1.51
11:46-------------up 1.49
11:48----------------4.37
11:51----------------6.81
11:55----------------1.38
11:56-----------down 2.19
11:59-------------up 4.33
12:01---------------11.43----------3745.39 (+0.31%)
Market Close.
Advancers 53
Decliners 60
Value turnover: PhP 4.820 bn
Cross transactions: PhP 1.661 bn
Some investors are trying to speculate on a possible interest rate cut by the US Federal Reserve Board next week(and possibly by the Bangko Sentral ng Pilipinas also later on). A rate cut locally, can bring in more liquidity to our financial system that may be channeled to equities. With interest rates and the US dollar going down, the stock market becomes a more attractive investment for investors.
But barring any more turmoil, political upheavals and other major surprise; the year-end rally in the Philippine Stock Market is on its way with the 3800 level its near term target.
Sectoral Indices.
Financial +1.37%
Holdings +0.70%
Property +0.67%
Services -0.05%
M-O -0.61%
Industrial -1.17%
The Day's Top Gainers:
MRC: PhP 0.63; +14.55%
BC: PhP 18.00; +12.50%
ETON: PhP 4.70; +10.53%
The Day's Biggest Decliners:
JTH: PhP 30.00; -20.00%
LSC: PhP 1.52; -10.59%
DHC: PhP 9.00; -10.00%
Index Value: 13,619.89
Trade Time: Dec 6
Change: Up 174.93 (1.30%)
Prev Close: 13,444.96
Open: 13,445.85
Day's Range: 13426.18 - 13632.25
The local equities market rode on its momentum to tread on higher ground. Another huge rise in WallStreet had investors jumping into the market early in the trading session.
PSEi previous close - 3733.96
time----------------change------------PSEi
9:31-------------up 23.92-----------3757.88
9:32----------------27.48
9:34----------------33.59
9:35----------------36.57
9:42----------------33.68
9:50----------------32.25
9:57----------------37.52
10:00---------------38.52-----------3772.48 (day's high)
10:06---------------32.86
10:22---------------34.68
A computer glitch again occured and the system was not computing the PSEi properly. It was displaying an absurd 160 point drop in the market for some time.
10:36------------up 25.46
10:56---------------23.11
11:02---------------21.29
11:04---------------14.73----------3748.69
The market goes below the 3750 level. The sentiment has reversed and cautious investors turned sellers. With an hour of trading to go before the weekend; profit taking also dragged the market lower.
11:06------------up 14.01
PhP 41.754 vs US$ 1.00
11:07------------up 12.79
11:09---------------10.96
11:10----------------9.44
11:10----------------6.72
11:11----------------4.87
11:13----------------3.21
11:14----------------2.76
11:21----------------0.91
11:22-----------down 1.54
With the market moving to negative territory; it caused some concerns and inquiries were made if there were new "developments" in the political front.
11:23-----------down 6.13
11:29----------------8.16
11:33----------------9.88----------3724.08
11:35----------------3.10
The market however does not move lower and recovers.
11:45-----------down 1.51
11:46-------------up 1.49
11:48----------------4.37
11:51----------------6.81
11:55----------------1.38
11:56-----------down 2.19
11:59-------------up 4.33
12:01---------------11.43----------3745.39 (+0.31%)
Market Close.
Advancers 53
Decliners 60
Value turnover: PhP 4.820 bn
Cross transactions: PhP 1.661 bn
Some investors are trying to speculate on a possible interest rate cut by the US Federal Reserve Board next week(and possibly by the Bangko Sentral ng Pilipinas also later on). A rate cut locally, can bring in more liquidity to our financial system that may be channeled to equities. With interest rates and the US dollar going down, the stock market becomes a more attractive investment for investors.
But barring any more turmoil, political upheavals and other major surprise; the year-end rally in the Philippine Stock Market is on its way with the 3800 level its near term target.
Sectoral Indices.
Financial +1.37%
Holdings +0.70%
Property +0.67%
Services -0.05%
M-O -0.61%
Industrial -1.17%
The Day's Top Gainers:
MRC: PhP 0.63; +14.55%
BC: PhP 18.00; +12.50%
ETON: PhP 4.70; +10.53%
The Day's Biggest Decliners:
JTH: PhP 30.00; -20.00%
LSC: PhP 1.52; -10.59%
DHC: PhP 9.00; -10.00%
Thursday, December 6, 2007
The day's market - December 06, 2007
Index Value: 13,444.96
Trade Time: Dec 5
Change: Up 196.23 (1.48%)
Prev Close: 13,248.73
Open: 13,244.01
Day's Range: 13244.01 - 13460.24
New York Metal and Oil Report.
Gold down $4.60 - close at $796.60/$797.10
Oil down $0.83- close at $87.49
It is quite hard to get back into a trading mode after an extended break and after being clueless in the past day's market and stock movements. And with last Thursday's Manila Peninsula takeover incident to be factored in, it was really a "watch and wait" attitude in the first minutes of trading. But as WallStreet surged, it was easy to see that the local equities market was caught up in another euphoric run up. The mood was light especially we are already into the month of December.
PSEi previous close - 3648.71 (December 05, 2007)
time--------------up-------------PSEi
9:31------------28.27------------3678.98
The day's opening jump leaves a chart gap at the 3648 -3678 levels.
9:32------------37.46
9:33------------39.99
9:34------------44.07
9:36------------55.55------------3704.26
The market breaks the 3700 resistance and heads to higher levels.
9:39------------58.55
9:42------------59.46
9:59------------74.04
10:04-----------80.16
10:09-----------86.32
10:13-----------88.54
10:15-----------90.60
10:21-----------96.27
10:29-----------100.32
10:34-----------106.04----------3754.75 (day's high)
10:42------------91.21
11:30------------95.32
11:38------------97.15
11:48------------85.78
11:56------------79.55
12:01------------85.25----------3733.96 (+2.34%)
Market Close.
Advancers 77
Decliners 29
Value turnover: PhP 5.203 bn
Cross transactions: PhP 1.446 bn
Sectoral Indices.
Holdings +4.02%
Services +2.09%
Financial +2.01%
Industrial +1.38%
M-O +1.34%
Property +1.16%
The Day's Top Gainers:
JTH: PhP 37.50; +50.00%
MUSX: PhP 1.90; +28.38%
PWR: PhP 0.43; +19.44%
The Day's Biggest Decliners:
VVT: PhP 1.20; -40.00%
LSC: PhP 1.70; -15.00%
APM: PhP 0.015; -6.25%
PSEi Movers:
TEL close PhP 3125 from PhP 3060 previously (+ 20.21 points in the PSEi)
AC: close PhP 590 from PhP 555 previously (+ 20.06 points in the PSEi)
Trade Time: Dec 5
Change: Up 196.23 (1.48%)
Prev Close: 13,248.73
Open: 13,244.01
Day's Range: 13244.01 - 13460.24
New York Metal and Oil Report.
Gold down $4.60 - close at $796.60/$797.10
Oil down $0.83- close at $87.49
It is quite hard to get back into a trading mode after an extended break and after being clueless in the past day's market and stock movements. And with last Thursday's Manila Peninsula takeover incident to be factored in, it was really a "watch and wait" attitude in the first minutes of trading. But as WallStreet surged, it was easy to see that the local equities market was caught up in another euphoric run up. The mood was light especially we are already into the month of December.
PSEi previous close - 3648.71 (December 05, 2007)
time--------------up-------------PSEi
9:31------------28.27------------3678.98
The day's opening jump leaves a chart gap at the 3648 -3678 levels.
9:32------------37.46
9:33------------39.99
9:34------------44.07
9:36------------55.55------------3704.26
The market breaks the 3700 resistance and heads to higher levels.
9:39------------58.55
9:42------------59.46
9:59------------74.04
10:04-----------80.16
10:09-----------86.32
10:13-----------88.54
10:15-----------90.60
10:21-----------96.27
10:29-----------100.32
10:34-----------106.04----------3754.75 (day's high)
10:42------------91.21
11:30------------95.32
11:38------------97.15
11:48------------85.78
11:56------------79.55
12:01------------85.25----------3733.96 (+2.34%)
Market Close.
Advancers 77
Decliners 29
Value turnover: PhP 5.203 bn
Cross transactions: PhP 1.446 bn
Sectoral Indices.
Holdings +4.02%
Services +2.09%
Financial +2.01%
Industrial +1.38%
M-O +1.34%
Property +1.16%
The Day's Top Gainers:
JTH: PhP 37.50; +50.00%
MUSX: PhP 1.90; +28.38%
PWR: PhP 0.43; +19.44%
The Day's Biggest Decliners:
VVT: PhP 1.20; -40.00%
LSC: PhP 1.70; -15.00%
APM: PhP 0.015; -6.25%
PSEi Movers:
TEL close PhP 3125 from PhP 3060 previously (+ 20.21 points in the PSEi)
AC: close PhP 590 from PhP 555 previously (+ 20.06 points in the PSEi)
Back from a break
Just got back from after an extended break.
I last observed the trading last Thursday (November 29, 2007) wherein the local equities market was surging by around a hundred points before word got out that the Magdalo soldiers walked out of their trial. Within minutes, the selling orders began pouring in and the gains were nearly wiped out as worries surfaced when the soldiers and their supporters (some of them armed) next holed out at the Manila Peninsula Hotel (which was just next to the Philippine Stock Exchange Tower One in Makati.
Last minute buying for the month end window dressing had the market close up by around 40 points.
As we left Makati before one pm, the front of the Manila Peninsula Hotel was already heavily barricaded by police cars. It was also observed that there were a handful of people at the Ninoy Aquino monument. Though elsewhere, everything seemed normal
The incident gave rise to new worries that the recent market performance will be erased specially if it extends and threatens the peace and order situation of the country. Before our flight, the last message we got was that the SWAT team was getting ready to take the hotel.
When we got to our destination, it was a welcome relief that we got word that the incident was already over though there was a curfew that night. The media coverage abroad was sketchy and did not provide details.
And as any stockmarket investor should do during a vacation, I did not worry and did not monitor the market until i got back. We liquidated part of our portfolio (at a slight loss) before leaving so as to have cash when the market goes down further and left part of in in order to be able to ride any recovery.
And today, the recovery was well on its way. Hopefully, this is the year end rally we are expecting.
I last observed the trading last Thursday (November 29, 2007) wherein the local equities market was surging by around a hundred points before word got out that the Magdalo soldiers walked out of their trial. Within minutes, the selling orders began pouring in and the gains were nearly wiped out as worries surfaced when the soldiers and their supporters (some of them armed) next holed out at the Manila Peninsula Hotel (which was just next to the Philippine Stock Exchange Tower One in Makati.
Last minute buying for the month end window dressing had the market close up by around 40 points.
As we left Makati before one pm, the front of the Manila Peninsula Hotel was already heavily barricaded by police cars. It was also observed that there were a handful of people at the Ninoy Aquino monument. Though elsewhere, everything seemed normal
The incident gave rise to new worries that the recent market performance will be erased specially if it extends and threatens the peace and order situation of the country. Before our flight, the last message we got was that the SWAT team was getting ready to take the hotel.
When we got to our destination, it was a welcome relief that we got word that the incident was already over though there was a curfew that night. The media coverage abroad was sketchy and did not provide details.
And as any stockmarket investor should do during a vacation, I did not worry and did not monitor the market until i got back. We liquidated part of our portfolio (at a slight loss) before leaving so as to have cash when the market goes down further and left part of in in order to be able to ride any recovery.
And today, the recovery was well on its way. Hopefully, this is the year end rally we are expecting.
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