The day's market - January 10, 2008

DOW JONES INDUSTRIAL AVERAGE (DJIA) summary
Index Value: 12,735.31
Trade Time: January 9, 2007
Change: Up 146.24 (+1.16%)
Prev Close: 12,589.07
Open: 12,590.21
Day's Range: 12502.33 - 12737.26

The DJIA tested the 12500 level but surged in the last couple of hours of trading to close near its high.
The rebound in WallStreet boosted the day's sentiment in the local equities market.

PSEi previous close - 3416.08 (January 09, 2008)

time-----------up--------------PSEi
9:31---------19.30------------3435.38

The jump at the starting bell opened a chart gap at the 3416-3435 levels.
Advancers 25 Decliner 0

9:32---------21.78
9:34---------23.41
9:35---------24.96
9:36---------28.25

PhP 40.618 vs US$ 1.00

9:37---------30.07

Advancers 41 Decliners 3

9:39---------31.23
9:40---------36.12------------3452.20

The 3450 level is initially tested.

9:42---------31.38------------3447.46
9:43---------32.86
9:44---------33.26
9:45---------31.66
9:48---------34.90------------3450.98

The PSEi manages to break above the 3450 level and continues its advance.

9:49---------36.39
9:51---------37.82
9:53---------39.38
9:57---------40.20
9:58---------43.49
10:00--------46.93
10:02--------49.64

PhP 40.635 vs US$ 1.00

10:04--------50.54
10:09--------51.79
10:13--------56.72
10:17--------57.09------------3473.17

The PSEi falls short in touching its 200 day moving average (m.a) and retreats to consolidate.

10:20--------55.66
10:28--------55.02
10:36--------53.96

PhP 40.646 vs US$ 1.00

10:38--------52.52
10:43--------50.81-------------3466.89
10:44--------53.22
10:48--------54.00
10:57--------50.39-------------3466.47
11:05--------57.36

PhP 40.650 vs US$ 1.00

11:07-------57.60--------------3473.68 (day's high)

Another attempt to continue the day's uptrend falls short. Profit taking tempers the market's gains in the last hour of trading.

11:09-------55.80
11:11-------54.04
11:18-------52.32
11:19-------51.22
11:21-------49.51
11:24-------48.42
11:32-------46.37
11:37-------45.81

PhP 40.635 vs US$ 1.00

11:41-------44.62
11:44-------44.28
11:46-------42.56
11:47-------41.89
11:48-------38.16-------------3454.24

The 3450 level is tested.

11:50-------42.20
11:52-------43.35-------------3459.43
11:53-------38.38
11:54-------35.78
11:55-------34.20-------------3450.28

The 3450 level holds for the day.

11:56-------35.43
11:57-------37.62
11:58-------38.85
11:59-------44.59-------------3460.67
12:01-------38.52-------------3454.60 (+1.13%)
Market Close.

Advancers 62
Decliners 36

Value turnover: PhP 2.862 bn
Cross transactions: PhP 1.085 bn

Sectoral Indices.
Property +1.70%
Holdings +1.42%
Services +1.19%
Industrial +0.35%
Financial +0.20%
M-O -0.01%

The Day's Top Gainers:
APO: PhP 2.22; +7.77%
MVC: PhP 0.70; +7.69%
ASIA: PhP 8.40; +6.33%

The Day's Biggest Decliners:
CDC: PhP 1.50; -15.73%
KEP: PhP 1.72; -13.13%
GO: PhP 0.25; -10.71%