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