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%
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