The day's market - January 21, 2008

PSEi previous close - 3168.30 (January 18, 2007)

The local equities market consolidated with a downward bias at the 3150 level. Sentiment remains very cautious.

time-----------down-------------PSEi
9:31----------10.21-----------3158.09

Advancers 4 Decliners 7

9:32----------17.31-----------3150.99

The 3150 level is tested.

9:33----------14.60
9:34----------16.03
9:35----------18.78------------3149.52
9:37----------17.28

PhP 40.964 vs US$ 1.00

9:38----------14.77
9:39----------13.34

9:40----------17.10
9:44----------11.10
9:45-----------9.21
9:46-----------8.77------------3159.53

9:50----------11.14
9:51----------13.78
9:55----------12.35
9:56----------16.39
10:02---------16.90------------3151.40

10:03---------18.62------------3149.68

The 3150 level fails to hold and the market resumes its decline

10:04---------19.21
10:07---------19.58
10:07---------20.25
10:09---------20.27
10:13---------23.86
10:14---------24.53
10:16---------27.65
10:18---------28.54
10:20---------32.63
10:23---------34.33
10:24---------35.88
10:25---------37.11------------3131.19

The 3130 level holds.

10:26---------32.97
10:28---------34.73
10:31---------35.77
10:32---------36.35
10:38---------37.45------------3130.85

10:41---------35.47
10:48---------34.01
10:49---------36.98

10:52---------32.20
10:54---------31.58
10:59---------34.30
11:00---------36.13
11:02---------34.09
11:05---------33.43

11:06---------38.71
11:07---------39.19------------3129.11 (day's low)

The 3130 remained firm and the PSEi moves higher to limit its losses.

11:11----------34.97
11:12----------33.45
11:15----------27.89
11:17----------30.11
11:19----------29.31
11:20----------28.07
11:21----------27.47
11:22----------26.22
11:26----------26.53
11:27----------25.38
11:28----------24.78
11:30----------24.17
11:32----------26.57
11:33----------24.82
11:36----------23.65

PhP 40.987 vs US$ 1.00
Most asian markets remained lower at this point.

11:37----------23.05
11:38----------19.48
11:40----------19.04
11:41----------17.39
11:43----------16.56----------3151.74

The PSEi hurdles the 3150 level and holds above it for the rest of the trading session.

11:45----------14.98
11:46----------12.58
11:47----------11.68----------3156.62

11:49----------13.17
11:51----------11.01
11:52-----------8.25----------3160.05

11:53-----------9.38
11:54----------11.19
11:55----------13.94
11:56----------15.06
11:58----------16.52----------3151.78
12:01----------16.00----------3152.30 (-0.50%)
Market Close.

Advancers 43
Decliners 53

Value turnover: PhP 3.859 bn
Cross transactions: PhP 2.045 bn
Block sales: 84,594,726 shares of MER at PhP 80.91 worth around PhP 6,844,559,280

Sectoral Indices.
Property +1.29%
Financial -0.08%
Industrial -0.09%
Holdings -0.31%
Services -1.59%
M-O -3.01%

The Day's Top gainers:
CDC: PhP 1.52; +46.15%
BCP: PhP 30.00; +42.86%
BRN: PhP 3.90; +30.00%

The Day's Biggest Decliners:
CRC: PhP 15.00; -20.00%
FAF: PhP 0.78; -14.29%
UPM: PhP 0.62; -11.43%