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%