The day's market - February 11, 2008

The DJIA is currently just above the 12,000 level and investors are still very wary of the volatility in WallStreet. The ongoing investigations in the Senate are not in any way helping investor confidence.

PSEi previous close - 3241.13 (February 08, 2008)

time----------change--------PSEi
9:31---------up 7.76-------3248.89

Advancers 8 Decliners 9

9:32------------8.29-------3249.42 (day's high)

The 10 day moving average at 3252 is tested and proves to be a strong resistance.

9:33---------up 4.79
9:35------------5.59
9:37------------2.17
9:38------------1.50
9:40------------2.30

PhP 40.715 vs US$ 1.00

9:43---------up 1.50
9:48------------0.70
9:50------------0.11
9:51-------down 1.38-------3239.75

The Philippine Stock Exchange Index (PSEi) moves into negative territory and steadily continues its decline.

9:52-------down 4.24
9:53------------5.68
9:58------------6.82
10:01-----------7.10
10:04----------11.24
10:05----------24.21-------3216.92

Advancers 23 Decliners 29
A sharp drop was observed as PLDT (TEL) trades at PhP 2900 at this point from an opening trade of PhP 2950.

10:06-----down 29.76
10:08----------31.16
10:13----------31.00
10:16----------33.13-------3208.00
10:20----------34.70
10:24----------39.40

TEL at PhP 2885.

10:28-----down 42.73-------3198.40

The support at the 3200 level was broken. The market now just hovers below this level.

10:29-----down 44.28
10:30----------44.81
10:32----------45.22
10:33----------48.32
10:39----------48.73

Advancers 25 Decliners 55
Value turnover: PhP 364 mn
TEL at PhP 2865.

10:44----down 50.80--------3190.33
10:49---------48.39
10:56---------49.88
11:10---------50.33

PhP 40.731 vs US$ 1.00

11:13----down 48.18
11:16---------50.34
11:26---------50.88--------3190.25
11:27---------49.17
11:28---------47.61--------3193.52
11:29---------53.47

The market remained weak in the final half-hour of the trading session in the Philippine Stock Exchange (PSE).

11:31----down 54.13
11:33---------56.81
11:38---------56.95
11:39---------58.75-------3182.38
11:45---------56.48
11:47---------55.45
11:48---------58.08
11:50---------61.46
11:55---------63.00
11:59---------65.25-------3175.88 (day's low)
12:01---------61.65-------3179.48 (-1.90%)
Market Close.

Advancers 29
Decliners 76

Value turnover: PhP 1.566 bn
Cross transactions: PhP 573 mn

Sectoral Indices:
Property -3.26%
Holdings -1.94%
Services -1.80%
Industrial -1.22%
Financial -0.94%
M-O -0.14%

The Day's Top Gainers:
CAT: PhP 1.98; +50.00%
MVC: PhP 0.80; +17.65%
VITA: PhP 0.33; +6.45%

The Day's Biggest Decliners:
T: PhP 5.60; -8.20%
EEI: PhP 3.20; -7.25%
OMW2: PhP 0.0070; -6.67%