DOW JONES INDUSTRIAL AVERAGE (DJIA) summary
Index Value: 12,480.30
Trade Time: Jan 29
Change: UP 96.41 (+0.78%)
Prev Close: 12,383.89
Open: 12,385.19
Day's Range: 12346.99 - 12503.15
The DJIA tests the 12500 level again. Investors and analyst expect a new interest rate cut after the FED meeting.
PLDT (TEL) ADRs (American Depository Receipts) closed higher by $3.00 to close at $72.98. Converting at PhP 40.58 to the US$; this is around PhP 2960. The company approved a buyback program of approximately 2 million shares comprising about 1.1% of the company's total outstanding common shares. Based on yesterday's closing price of PhP 2810, it would amount to about PhP 5.6 bn.
PSEi previous close - 3224.24 (January 29, 2008)
time------------up------------PSEi
9:31-----------58.41----------3282.65
TEL opened at PhP 2950.
Advancers 15 Decliner 1
9:32-----------59.07
9:33-----------61.10
9:34-----------67.51
9:35-----------68.94
9:36-----------70.17
PhP 40.586 vs US$ 1.00
9:37-----------73.88---------3298.12 (the day's high)
The 3300 level was tested and proves to be a resistance. The market retreats after a very steep rise in the first few minutes of trading.
Advancers 26 Decliners 6
9:39-----------71.59
9:45-----------70.19
9:46-----------67.76
9:47-----------72.12
9:48-----------68.85
9:49-----------65.35
Advancers 40 Decliners 12
TEL at PhP 2950.
9:51-----------68.40
9:53-----------64.62
9:57-----------62.22
10:00----------59.36
The number of decliners start to increase despite the day's advance.
Advancers 38 Decliners 17
10:01----------57.62
10:02----------56.18
10:03----------52.41
10:07----------51.76
PhP 40.585 vs US$ 1.00
TEL at PhP 2930.
Advancers 37 Decliners 26
10:08----------50.32
10:09----------47.61
10:10----------45.38---------3269.62
10:11----------44.84
10:13----------44.31
10:14----------42.75
10:15----------41.60
10:17----------41.20
10:18----------39.65---------3263.89
TEL at PhP 2910
Advancers 35 Decliners 33
10:21----------38.11
10:26----------37.31---------3261.55
TEL at PhP 2905
Advancers 33 Decliners 38. Losers now outnumber gainers.
10:29----------35.51
10:33----------35.48
10:38----------35.09
10:43----------34.53
10:44----------32.97
10:45----------32.09
10:49----------31.22
10:51----------30.70
10:56----------29.08
10:58----------28.66---------3252.90
The market tests and tries to hold at the 3250 level.
Advancers 33 Decliners 58.
10:59---------30.21
11:01---------35.74
11:08---------38.39
PhP 40.607 vs US$ 1.00
11:09---------39.42----------3264.96
11:10---------33.02
11:11---------32.20----------3256.44
11:15---------34.64
11:16---------36.53
11:18---------37.06
11:21---------38.21----------3262.45
TEL at PhP 2925
11:23---------37.87
11:24---------36.56
11:25---------35.89
11:28---------33.34
11:31---------33.10
11:32---------31.67
11:33---------31.02
11:35---------30.62----------3254.86
Advancers 30 Decliners 77
TEL at PhP 2915
11:39---------33.61
11:43---------30.49
PhP 40.613 vs US$ 1.00
11:44---------30.06
11:45---------27.10
11:46---------24.73----------3248.97
The 3250 level is tested once again in the final minutes of the trading session.
Advancers 32 Decliners 83
TEL at PhP 2910
11:48---------26.49----------3250.73
11:49---------28.38
11:53---------28.94
11:54---------26.35
11:55---------25.27
11:56---------22.04-----------3246.28
11:58---------26.11
11:59---------29.22
12:01---------32.29-----------3256.53 (+1.00%)
Market Close.
Advancers 37
Decliners 75
Value turnover: PhP 3.324 bn
Cross transactions: PhP 1.474 bn
Sectoral Indices.
Services +2.29%
Holdings +1.04%
Property +0.14%
Industrial -0.03%
Financial -0.54%
M-O -1.10%
The Day's Top Gainers:
LIHC: PhP 14.00; +19.15%
BRN: PhP 4.05; +14.08%
BC: PhP 28.50; +7.55%
The Day's Biggest Decliners:
LSC: PhP 1.28; -12.33%
MAB: PhP 0.022; -12.00%
ABS: PHP 25.50; -10.53%
Wednesday, January 30, 2008
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