The day's market - February 26, 2008

DOW JONES INDUSTRIAL AVERAGE (DJIA) summary
Index Value: 12,570.22
Trade Time: Feb 25
Change: Up 189.20 (+1.53%)
Prev Close: 12,381.02
Open: 12,380.77
Day's Range: 12341.04 - 12584.62

The DJIA had a huge advance as it broke above the 12500 level and closed near its high.

After a Holiday yesterday (February 25 - 22nd Anniversary of People Power I); the Philippine Stock Market resumed trading. The rise in WallStreet had the local equities market opening higher.

PSEi previous close - 3080.24 (February 22, 2008)

time------------change----------PSEi
9:31-----------up 20.66---------3100.90

Advancers 15 Decliner 1
The 3100 level was tested.

9:33------------up 21.03
9:34---------------22.63
9:35---------------17.89
9:37---------------23.88--------3104.12 (day's HIGH)
9:40---------------21.51
9:45---------------21.29
9:47---------------17.19
9:50---------------20.16--------3100.40

The market retreats a sit fails to break the 3100 level.

9:53------------up 16.41
9:54---------------14.31

Advancers 31 Decliners 14

9:57---------------12.88
9:58----------------8.77
10:00---------------5.80
10:05---------------4.93---------3085.17
10:06---------------7.24
10:13---------------5.32---------3085.56

Advancers 27 Decliners 34.
PhP 40.485 vs US$ 1.00

10:16------------up 21.62---------3101.86

PLDT (TEL) opened at PhP 2895 from a previous closing price of PhP 2840.

10:17------------up 22.87
10:19---------------18.49

Advancers 27 Decliners 36

10:29---------------16.96
10:33---------------14.44
10:38---------------14.14

PhP 40.482 vs US$ 1.00

10:43------------up 12.34

Advancers 28 Decliners 55. The number of decliners continue to increase.

10:47-------------up 8.41
10:51----------------6.31
10:53----------------3.34

Advancers 28 Decliner 62

10:57-------------up 3.82
10:59----------------0.62

Advancers 25 Decliners 65. The Philippine Stock Exchange Index (PSEi) struggles to stay in positive territory.

11:00-----------down 2.92
11:01----------------3.60
11:02-------------up 0.54
11:05----------------0.61
11:09----------------1.71
11:10----------------3.81
11:16-----------down 4.50

The market finally stays in the RED.

11:17-----------down 6.40
11:20----------------7.77
11:25----------------8.21
11:30----------------8.21
11:31----------------6.99
11:32----------------7.52
11:33----------------9.01
11:36----------------9.68
11:37---------------13.44
11:38---------------14.45
11:40---------------14.78
11:41---------------15.74---------3064.50

11:43---------------12.08
11;46---------------17.54
11:50---------------18.25---------3061.99 (day's LOW)

After touching the day's low 10 minutes before the trading ends, the market was able to limit its losses.

11:53---------------17.19
11:54---------------15.68
11:56---------------13.75
11:58---------------12.28
11:59---------------10.19
12:01----------------0.70---------3079.54 (-0.02%)
Market Close.

Advancers 27
Decliners 88

Value turnover: PhP 2.871 bn
Cross transactions: PhP 912 mn
Block Sales: PhP 318 mn

Sectoral Indices.
Financial +1.20%
Services +0.47%
Industrial -0.13%
Holldings -0.25%
Property -1.07%
M-O -3.66%

The Day's Top Gainers:
ATN : PhP 3.05; +12.96%
WIN: PhP 0.23; +12.20%
URC: PhP 14.25; +5.56%

The Day's Biggest Decliners:
MFIN: PhP 4.00; -18.37%
LIHC: PhP 10.00; -16.67%
ZHI: PhP 0.35; -12.50%