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%