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)