The day's market - February 21, 2008

Comment on yesterday's market
BusinessWorld - February 21, 2008


DOW JONES INDUSTRIAL AVERAGE (DJIA) summary
Index Value: 12,427.26
Trade Time: Feb 20
Change: Up 90.04 (+0.73%)
Prev Close: 12,337.22
Open: 12,333.31
Day's Range: 12227.72 - 12464.06

The local equities market got a mild boost from the rise in WallStreet and it opened higher.

PSEi previous close - 3181.05 (February 20, 2008)

time--------------change------------PSEi
9:31-----------up 7.13-----------3188.18

Advancers 21 Decliner 1

9:32-----------up 9.83
9:33-------------11.05
9:35--------------8.14
9:37-------------13.53
9:38-------------14.33

PhP 40.750 vs US $ 1.00

9:40----------up 20.07-----------3201.12

The resistance at the 3200 level was tested.

9:43----------up 18.64
9:44-------------19.01
9:45-------------20.77-----------3201.82 (day's high)
9:47-------------16.63-----------3197.68

The 3200 level is not breached. The Philippine Stock Exchange Index (PSEi) heads lower and gives back its early gains.

9:49---------up 14.75
9:50------------13.93
9:53------------12.49
9:54-------------9.75
9:55-------------8.31
10:01------------7.56
10:02------------6.79
10:03------------6.36
10:06-----------10.36------------3191.41
10:21------------3.04
10:24------------2.58
10:27------------1.66------------3182.71
10:27------------5.80------------3186.85
10:38------------4.67
10:43------------1.79
10:45------------0.31------------3181.36
10:52------------4.45
11:03------------0.80
11:04-------down 0.05------------3181.00

The market tries to hold above positive territory.

11:05---------up 2.67

But momentum carries the PSEi lower.

11:06-------down 0.91
11:09------------0.49
11:11------------0.89
11:13------------1.67
11:18------------1.86
11:23------------2.32
11:24------------3.24
11:26------------4.69
11:28------------5.28
11:30------------9.80------------3171.25 (day's low)
11:41------------5.66
11:48------------5.29
11:53------------7.65------------3173.40
11:54------------3.95
11:56------------4.56
11:57------------5.44
11:58------------6.88
11:59------------3.66
12:01------------4.99------------3176.06 (-0.16%)
Market Close.

Advancers 41
Decliners 44

Value turnover: Php 2.613 bn
Cross transactions: PhP 1.057 bn

Sectoral Indices:
M-O +0.81%
Property +0.66%
Financial + 0.34%
Services -0.09%
Industrial -0.41%
Holdings -0.44%

The Day's Top Gainers:
PEP: PhP 1.42; +12.70%
MUSX: PhP 0.29; +11.54%
OV: PhP 0.029; +11.54%

The Day's Biggest Decliners:
MHC: PhP 0.33; -21.43%
JTH: PhP 2.00; -8.26%
SLI: PhP 1.14; -8.06%