The day's market - January 25, 2008

DOW JONES INDUSTRIAL AVERAGE (DJIA) summary
Index Value: 12,378.61
Trade Time: Jan 24
Change: Up 108.44 (+0.88%)
Prev Close: 12,270.17
Open: 12,272.69
Day's Range: 12241.80 - 12399.18

WallStreet was able to maintain consolidate its gains. It advanced further and managed to close near it high. PLDT (TEL) ADRs traded higher by $4.10 and closed at $67.11. Converting at a rate of PhP 41.00 to the US$; it comes out to PhP 2750. TEL closed at PhP 2670 yesterday.

Gold was up by $28.70 to trade at $908.40-$908.90

PSEi previous close - 3147.42 (January 24, 2008)

time-------------up------------PSEi
9:31------------56.92---------3204.34

Another gap was opened with the immediate jump in the local equities market. It broke the 3200 level at once.
TEL opened at PhP 2800.
Advancers 37 Decliner 1

9:32------------57.50
9:33------------59.44
9:34------------61.88
9:35------------62.72
9:36------------63.01----------3210.43

PhP 41.016 vs US$ 1.00

9:37------------69.49
9:38------------77.04
9:41------------77.27
9:42------------77.94----------3225.36

Advancers 56 Decliners 6

9:43------------80.23
9:44------------82.23
9:46------------86.15
9:48------------87.56
9:50------------88.22
9:55------------89.93----------3237.35

A minor correction ensues.

9:57------------89.56
10:02-----------87.85
10:05-----------85.38
10:06-----------84.03

PhP 41.008 vs US$ 1.00

10:07-----------82.47
10:13-----------80.54
10:15-----------77.02
10:23-----------76.55
10:25-----------75.89
10:26-----------74.80----------3222.22

The PSEi firms up again and consolidates its gains.

10:29-----------76.58
10:31-----------77.58
10:35-----------78.12
10:40-----------78.99

PhP 41.005 vs US$ 1.00
Asian markets were up at this point.

10:52----------80.14
10:59----------81.52
11:00----------82.41
11:01----------83.96
11:02----------88.62
11:03----------92.76-----------3240.18
11:06----------87.53

PhP 41.001 vs US$ 1.00

11:07----------85.58
11:12----------87.78
11:13----------84.71
11:15----------83.46
11:19----------88.06
11:22----------90.33
11:23----------92.93
11:29----------94.81
11:30----------95.18-----------3242.60
11:37----------91.77
11:39----------88.28
11:44----------92.39
11:45----------93.41
11:50----------90.78
11:53----------89.47
11:55----------90.96
11:56----------91.85
11:57----------92.39
11:58----------90.84
11:59----------96.18-----------3243.60 (day's high)
12:01----------89.99-----------3237.41 (+2.86%)
Market Close.

Advancers 79
Decliners 30

Value turnover: PhP 4.050 bn
Cross transactions: PhP 1.128 bn

The PSEi reached the upper limit of the target resistance at the 3239 level and is also now at the 10 day moving average.

Sectoral Indices again advanced across-the-aboard.
Services +4.72%
Holdings +2.21%
Industrial +1.97%
Financial +1.67%
M-O +1.39%
Property +0.87%

The Day's Top Gainers:
PNC: PhP 5.20; +42.47%
BCP: PhP 88.00; +27.54%
BCB: PhP 38.00; +24.59%
BC: PhP 30.50; +22.00%
KEP: PhP 2.10; +16.67%

The Day's Biggest Decliners:
CEU: PhP 6.00; -40.00%
PAX: PhP 3.80; -24.00%
LAND: PhP 1.60; -20.00%
VITA: PhP 0.28; -17.65%
EIBA: PhP 0.30; -14.29%