The day's market - January 04, 2008

Dow Jones Industrial Average (DJIA) summary
Index Value: 13,056.72
Trade Time: Jan 3
Change: Up 12.76 (+0.10%)
Prev Close: 13,043.96
Open: 13,044.12
Day's Range: 13,023.56 - 13,137.93

WallStreet ended almost flat after going up by nearly a hundred points in midsession and then moving into negative territory to test the 13,000 level near the close.

New York Metal and Oil Report:
Gold - up $8.90 ($864.60/$865.10)
Oil - down $ 0.49 ($99.18)

With the DJIA failing to provide a clear direction; the local equities market consolidated with a downward bias; just below the 3,500 level.

PSEi previous close - 3501.38 (January 03, 2007)

time-------------down----------PSEi
9:31------------8.78-----------3492.60
9:32-----------13.06
9:33-----------10.85

Advancers 15 Decliners 10

9:36-----------10:55

PhP 41.029 vs US$ 1.00

9:38------------8.14
9:42------------7.99
9:44------------7.00-----------3494.38 (day's high)

There is now a chart gap left open here at the 3494-3497 level.

9:50-----------10.30
9:54-----------11.51
9:57-----------14.87
10:00----------18.18----------3483.20

10:01----------17.58
10:04----------14.78
10:10----------16.10
10:14----------17.98

PhP 41.029 vs US$ 1.00

10:18----------20.18
10:19----------18.69
10:20----------14.93
10:28----------13.77
10:35----------11.17----------3490.21

Trading remained lackluster for the rest of the trading session as it continued to move in a narrow range.

10:44----------12.97
10:51----------14.36
11:01----------16.65

11:12----------12.41
11:13----------14.85
11:16----------18.54
11:17----------19.38-----------3482.00

At this point, select thirdliners, especially those in oil exploration activities became active and somehow perked up trading.

11:21----------16.52
11:22----------15.55
11:23----------12.43
11:24----------12.00-----------3489.38

11:25----------13.18
11:27----------16.05
11:28-----------9.64
11:31----------11.84
11:40----------13.04

PhP 41.035 vs US$ 1.00

11:45----------9.98
11:46----------8.42------------3492.96

The market declines a little more in the final 10 minutes of trading as some investors sold positions ahead of the weekend.

11:49---------14.44
11:51---------15.48
11:53---------15.97
11:54---------19.59
11:55---------20.77
11:56---------21.19
11:58---------22.23-----------3479.15 (day's low)
11:59---------21.10
12:01---------22.01-----------3479.37 (-0.63%0
Market Close.

Adavncers 34
Decliners 78

Sectoral Indices
Property -1.60%
Financial -1.10%
Holdings -0.56%
Services -0.40%
Industrial -0.18%
M-O +0.04%

The Day's Top Gainers:
AAA: PhP 0.46; +43.75%
AB: PhP 10.25; +16.48%
PEP: PhP 1.34; +9.84%

The Day's Biggest Decliners:
JOH: PhP 1.62; -10.00%
UNI: PhP 0.27; -10.00%
ABA: PhP 0.01; -9.09%