--------------------------Dec. 29------------June 29 --------% change
---------------------------2006---------------2007
PSEi---------------------2982.54------------3665.23-------+22.88%
All-Shares---------------1860.34-------------2361.15-------+26.92%
Financial------------------822.85--------------992.06-------+20.57%
Industrial----------------3940.47-------------5148.42-------+30.65%
Holdings------------------1731.27-------------2194.41-------+26.75%
Property------------------1261.67-------------1788.37-------+41.74%
Services-------------------1491.02-------------1601.78-------+7.42%
M-O-----------------------4527.68------------6503.23-------+43.63%
Phil Peso(vs $US)---------49.03----------------46.25-------(-5.67%)
Dow Jones---------------12463.20-----------13422.28--------+7.58%
Nikkei (Japan)-----------17225.83-----------18138.36--------+5.29%
HangSeng(HK)-----------19964.72-----------21772.73--------+9.05%
JCI (Indonesia)-----------1805.52-------------2135.93-------+18.48%
KLSE(Malaysia)-----------1096.24-------------1354.58-------+23.56%
SET(Thailand)-------------679.84--------------776.79--------+14.26%
Market matters:
The Bangko Sentral ng Pilipinas (BSP) says Inflation for June higher on back of rising tuition fees and oil prices.
The Philippine government will resume the offering of Treasury bills in order to reign in the widening budget gap deficit because of lower collections in the Bureau of Internal Revenue (BIR) and Bureau of Customs in the first half of the year.
Saturday, June 30, 2007
Friday, June 29, 2007
The day's market - June 29, 2007
The US Dow Jones Industrial Average closed flat. It was down by just 5.45 points to end at 13422.28. Lack of strong and convincing leads had trading in the Philippine stock market relatively uneventful. Momentum from yesterday's advance; and investor expectations of a window dressing, just carried the market to post modest gains.
time-------------up---------------PSEi
9:31------------7.13------------3652.13
9:32------------4.06
9:34------------9.87
9:35-----------10.99-----------3655.99
The PSEi just consolidates near the 3650 level.
9:38------------7.37
9:39------------2.66-----------3647.66
The market manages to hold on to its gains and it continues to trade with a positive bias.
9:44------------5.78
9:46------------7.33
9:49-----------10.48
9:50-----------14.45-----------3659.45
10:01---------12.79
10:02---------14.35
10:03---------16.67
10:08---------17.44------------3662.44
10:32---------13.44
10:39----------9.03------------3654.03
There was no real momentum build up to establish a strong trend. It just drifted sideways.
10:45---------10.45
11:14---------14.02
11:28---------13.78
11:32---------12.10
11:36---------11.51
11:42----------8.87
11:49---------15.24
A modest finishing kick had the market end at its high.
12:01---------20.23-----------3665.23 (+0.56%)
Market Close.
The expected first-half end window dressing was disappointing. It somehow leaves unclear directions for next weeks' trade. Any huge movement in foreign markets and new developments in the local business front over the weekend will have to be awaited and keenly watched.
Advancers 63
Decliners 57
Value turnover PhP 5.965 bn
Cross sales PhP 2.178 bn
Sectoral Indices.
Industrial +2.44%
Property +1.04%
Financial +0.72%
M-O +0.58%
Holdings +0.16%
Services -0.16%
Closing prices of select stocks - June 29, 2007
ABA - PhP 0.013
ALI - PhP 17.50
DGTL - PhP 1.58
EIB - PhP 0.55
GO - PhP 0.35
GOB - PhP 0.35
LOTO - PhP 15.50
MPI - PhP 4.45
NRCP - PhP 4.35
SUN - PhP 1.00
V - PhP 1.78
WEB - PhP 0.0625
time-------------up---------------PSEi
9:31------------7.13------------3652.13
9:32------------4.06
9:34------------9.87
9:35-----------10.99-----------3655.99
The PSEi just consolidates near the 3650 level.
9:38------------7.37
9:39------------2.66-----------3647.66
The market manages to hold on to its gains and it continues to trade with a positive bias.
9:44------------5.78
9:46------------7.33
9:49-----------10.48
9:50-----------14.45-----------3659.45
10:01---------12.79
10:02---------14.35
10:03---------16.67
10:08---------17.44------------3662.44
10:32---------13.44
10:39----------9.03------------3654.03
There was no real momentum build up to establish a strong trend. It just drifted sideways.
10:45---------10.45
11:14---------14.02
11:28---------13.78
11:32---------12.10
11:36---------11.51
11:42----------8.87
11:49---------15.24
A modest finishing kick had the market end at its high.
12:01---------20.23-----------3665.23 (+0.56%)
Market Close.
The expected first-half end window dressing was disappointing. It somehow leaves unclear directions for next weeks' trade. Any huge movement in foreign markets and new developments in the local business front over the weekend will have to be awaited and keenly watched.
Advancers 63
Decliners 57
Value turnover PhP 5.965 bn
Cross sales PhP 2.178 bn
Sectoral Indices.
Industrial +2.44%
Property +1.04%
Financial +0.72%
M-O +0.58%
Holdings +0.16%
Services -0.16%
Closing prices of select stocks - June 29, 2007
ABA - PhP 0.013
ALI - PhP 17.50
DGTL - PhP 1.58
EIB - PhP 0.55
GO - PhP 0.35
GOB - PhP 0.35
LOTO - PhP 15.50
MPI - PhP 4.45
NRCP - PhP 4.35
SUN - PhP 1.00
V - PhP 1.78
WEB - PhP 0.0625
Thursday, June 28, 2007
The day's market - June 28, 2007
The Dow Jones Industrial Average (DJIA) rose 90.87 (+0.68%) points to close at 13427.73. The big rally in WallStreet after being down earlier; brought back confidence to investors in the local equities market.
PSEi previous close - 3587.21 (June 27, 2007)
time ------------up-----------PSEi
9:31------------9.22---------3596.43
9:32-----------14.35---------3601.56
The 3600 level was easily hurdled and buyers were again active in the market.
9:33-----------15.13
9:34-----------16.40
9:37-----------18.96
9:38-----------25.83
9:40-----------26.56
9:41-----------27.69
9:43-----------28.38
9:42-----------31.48
9:44-----------32.68
9:45-----------32.96---------3620.17
The next resistance at 3,620 was challenged.
9:49-----------34.85
9:52-----------36.24--------3623.45
A minor correction.
9:54-----------33.15
9:55-----------32.95
9:59-----------30.09
10:06----------29.46-------3616.67
10:08----------32.69-------3619.90
The 3620 level is also successfully and convincingly broken and the upward trend continued.
10:19---------45.37--------3632.58
10:21---------46.55
10:33---------45.70
10:43---------52.64
10:48---------59.13
10:49---------60.73
10:55---------63.11
10:57---------64.23
10:58---------65.26--------3652.47 (the day's high)
The resistance at 3650 is now tested. The market consolidates in the last hour of trading.
11:04---------60.18
11:12---------57.88
11:20---------56.67
11:25---------60.83
11:30---------58.65
11:34---------56.65
11:52---------57.58
11:56---------59.16
11:58---------59.59
12:01---------57.59--------3645.00 (+1.61%)
Market Close.
Advancers 100
Decliners 23
The market was able to sustain most of the day's gains. Momentum and first half (2007) window dressing may push the market higher.
Value turnover PhP 6.65 bn
Cross transactions PhP 3.70 bn
Sector Indices.
Holdings +2.31%
Industrial +1.85%
Financial +1.76%
Services +1.53%
property +0.62%
M-O -0.86%
Closing prices of select stocks. - June 28, 2007
ABA - PhP 0.013
ALI - PhP 17.50
AR - PhP 0.015
DGTL - PhP 1.56
EIB - PhP 0.56
LOTO - PhP 15.75
MPI - PhP 4.50
NRCP - PhP 4.40
SUN - PhP 1.00
V- PhP 1.78
WEB - PhP 0.0625
PSEi previous close - 3587.21 (June 27, 2007)
time ------------up-----------PSEi
9:31------------9.22---------3596.43
9:32-----------14.35---------3601.56
The 3600 level was easily hurdled and buyers were again active in the market.
9:33-----------15.13
9:34-----------16.40
9:37-----------18.96
9:38-----------25.83
9:40-----------26.56
9:41-----------27.69
9:43-----------28.38
9:42-----------31.48
9:44-----------32.68
9:45-----------32.96---------3620.17
The next resistance at 3,620 was challenged.
9:49-----------34.85
9:52-----------36.24--------3623.45
A minor correction.
9:54-----------33.15
9:55-----------32.95
9:59-----------30.09
10:06----------29.46-------3616.67
10:08----------32.69-------3619.90
The 3620 level is also successfully and convincingly broken and the upward trend continued.
10:19---------45.37--------3632.58
10:21---------46.55
10:33---------45.70
10:43---------52.64
10:48---------59.13
10:49---------60.73
10:55---------63.11
10:57---------64.23
10:58---------65.26--------3652.47 (the day's high)
The resistance at 3650 is now tested. The market consolidates in the last hour of trading.
11:04---------60.18
11:12---------57.88
11:20---------56.67
11:25---------60.83
11:30---------58.65
11:34---------56.65
11:52---------57.58
11:56---------59.16
11:58---------59.59
12:01---------57.59--------3645.00 (+1.61%)
Market Close.
Advancers 100
Decliners 23
The market was able to sustain most of the day's gains. Momentum and first half (2007) window dressing may push the market higher.
Value turnover PhP 6.65 bn
Cross transactions PhP 3.70 bn
Sector Indices.
Holdings +2.31%
Industrial +1.85%
Financial +1.76%
Services +1.53%
property +0.62%
M-O -0.86%
Closing prices of select stocks. - June 28, 2007
ABA - PhP 0.013
ALI - PhP 17.50
AR - PhP 0.015
DGTL - PhP 1.56
EIB - PhP 0.56
LOTO - PhP 15.75
MPI - PhP 4.50
NRCP - PhP 4.40
SUN - PhP 1.00
V- PhP 1.78
WEB - PhP 0.0625
Wednesday, June 27, 2007
The day's market - June 27, 2007
The Dow Jones Industrial Average (DJIA) ended lower overnight despite gains early in the session. It ended lower by 14.39 points to close at 13337.66.
PSEi previous close - 3657.12 (June 26, 2007)
time----------down-----------PSEi
9:31----------10.18-----------3646.94
9:34----------18.91
9:36----------21.63-----------3635.49
The chart gap at 3633 is almost closed and the market tries to rally.
9:37---------17.67
9:40---------15.63------------3641.49
Trading of PLDT (TEL) shares opened with a transaction at PhP 2600 (from a previous close of PhP 2670) and being an index heavyweight; the impact on the Philippine Stock Exchange Index (PSEi) was immediate.
9:41---------37.42
9:43---------37.94------------3619.18
At this point, PDT shares traded higher and the index recovers just as fast. Minor support was at 3620.
9:44---------27.13-----------3629.99 (PLDT at PhP 2630)
9:45---------14.24-----------3642.88 (PLDT at PhP 2670)
9:48---------10.61
9:51----------4.79
10:07--------1.96------------3655.16
The market has recovered its early losses and was poised to go higher. But a sudden selloff among thirdliner issues kept the market from going higher and kept it in negative territory.
10:08--------7.02
10:12--------3.48
10:18--------8.49
10:21--------8.65
The selldown turns into panic.
10:30-------18.06
10:35-------21.77
10:42-------23.42-----------3633.70
10:45-------26.11
10:47-------32.43
10:50-------36.67-----------3620.45
The minor support at 3620 was easily broken and the downtrend accelerates. The selloff continued.
10:51--------38.54----------3618.58
10:54--------39.47
10:55--------43.60
11:00--------46.36
11:03--------48.05
11:06--------53.06
11:09--------55.31
11:15---------55.40---------3601.72
The 3600 level was easily broken.
11:17---------62.25---------3594.87
11:21---------66.53
11:21---------63.48
11:25---------70.43---------3586.69
11:28---------69.69
11:31---------67.66
11:34---------71.88
11:38---------72.34
11:39---------72.38
11:44---------72.55
11:52---------78.81----------3578.31 (the day's low)
11:57---------73.06
11:58---------68.34
11:59---------73.00
12:01---------69.91---------3587.21 (-1.91%)
Market Close.
Advancers 14
Decliners 139
There was only one index issue gainer.
Most asian markets were down and the peso was above the PhP 46.40 level in the morning sessions.
Value turnover PhP 5.561 bn
Cross transactions PhP 1.583 bn
Sectoral Indices were down across-the-board.
M-O -3.81%
Financial -2.47%
Property -2.06%
Holdings -2.00%
Services -1.65%
Industrial -1.41%
Closing prices of select stocks - June 27, 2007
ABA - PhP 0.013
ALI - PhP 17.50
AR - PhP 0.015
DGTL - PhP 1.56
EIB - PhP 0.54
LOTO - PhP 15.50
MPI - PhP 4.30
NRCP - PhP 4.35
SUN - PhP 0.99
V - PhP 1.74
WEB - PhP 0.060
PSEi previous close - 3657.12 (June 26, 2007)
time----------down-----------PSEi
9:31----------10.18-----------3646.94
9:34----------18.91
9:36----------21.63-----------3635.49
The chart gap at 3633 is almost closed and the market tries to rally.
9:37---------17.67
9:40---------15.63------------3641.49
Trading of PLDT (TEL) shares opened with a transaction at PhP 2600 (from a previous close of PhP 2670) and being an index heavyweight; the impact on the Philippine Stock Exchange Index (PSEi) was immediate.
9:41---------37.42
9:43---------37.94------------3619.18
At this point, PDT shares traded higher and the index recovers just as fast. Minor support was at 3620.
9:44---------27.13-----------3629.99 (PLDT at PhP 2630)
9:45---------14.24-----------3642.88 (PLDT at PhP 2670)
9:48---------10.61
9:51----------4.79
10:07--------1.96------------3655.16
The market has recovered its early losses and was poised to go higher. But a sudden selloff among thirdliner issues kept the market from going higher and kept it in negative territory.
10:08--------7.02
10:12--------3.48
10:18--------8.49
10:21--------8.65
The selldown turns into panic.
10:30-------18.06
10:35-------21.77
10:42-------23.42-----------3633.70
10:45-------26.11
10:47-------32.43
10:50-------36.67-----------3620.45
The minor support at 3620 was easily broken and the downtrend accelerates. The selloff continued.
10:51--------38.54----------3618.58
10:54--------39.47
10:55--------43.60
11:00--------46.36
11:03--------48.05
11:06--------53.06
11:09--------55.31
11:15---------55.40---------3601.72
The 3600 level was easily broken.
11:17---------62.25---------3594.87
11:21---------66.53
11:21---------63.48
11:25---------70.43---------3586.69
11:28---------69.69
11:31---------67.66
11:34---------71.88
11:38---------72.34
11:39---------72.38
11:44---------72.55
11:52---------78.81----------3578.31 (the day's low)
11:57---------73.06
11:58---------68.34
11:59---------73.00
12:01---------69.91---------3587.21 (-1.91%)
Market Close.
Advancers 14
Decliners 139
There was only one index issue gainer.
Most asian markets were down and the peso was above the PhP 46.40 level in the morning sessions.
Value turnover PhP 5.561 bn
Cross transactions PhP 1.583 bn
Sectoral Indices were down across-the-board.
M-O -3.81%
Financial -2.47%
Property -2.06%
Holdings -2.00%
Services -1.65%
Industrial -1.41%
Closing prices of select stocks - June 27, 2007
ABA - PhP 0.013
ALI - PhP 17.50
AR - PhP 0.015
DGTL - PhP 1.56
EIB - PhP 0.54
LOTO - PhP 15.50
MPI - PhP 4.30
NRCP - PhP 4.35
SUN - PhP 0.99
V - PhP 1.74
WEB - PhP 0.060
Tuesday, June 26, 2007
The day's market - June 26, 2007
Market comments
BusinessWorld - June 26, 2007
With WallStreet almost flat, the market had no clear lead to follow.
PSEi previous close - 3653.58 (June 26, 2007)
time------------change-----------PSEi
9:31---------down 4.95----------3648.63
9:32--------------9.22
9:33--------------7.00
9:36--------------2.72
9:38-----------up 0.42----------3654.00
The PSEi tried to advance but with the market still into its consolidation mode, it continued its decline.
9:39---------down 4.15
9:42--------------7.83
9:44--------------8.52
9:47-------------10.11
9:56-------------14.09
10:12------------14.46----------3639.12 (the day's low)
The index tried to close the gap at 3633 but local investors bought up bargains and the market reversed from its downtrend.
10:19--------down 7.93
10:20-------------4.02
10:21-------------2.84
10:22-------------0.50----------3653.05
The market moves into positive territory and advance accelerates.
10:23-----------up 0.39
10:24--------------3.47
10:25--------------4.55
10:26--------------4.98
10:27--------------8.85
10:30-------------11.80
10:32-------------12.08
10:33-------------13.20
10:35-------------15.02
10:43-------------15.51
10:53-------------21.58
10:58-------------25.42----------3679.00
Correction and profit taking sets in. The 3680 level was seen as a resistance.
10:59-------------19.16
11:07-------------19.02
Another attempt to spur the market to continue advance.
11:13------------27.12------------3680.70 (day's high)
The day's high was reached near the resistance; and it encountered selling pressure at once.
11:15------------20.97
11:20------------18.09
A last ditch effort to sustain and keep the day's gains.
11:23------------23.46
11:25------------24.14
Profit taking and increased selling pressure late in the trading day had the market going downhill the rest of the session.
11:28-------------20.80
11:31-------------16.99
11:39-------------14.49
11:46-------------14.41
11:50-------------12.43
11:51-------------11.57
11:54--------------9.42
11:55--------------8.93
11:56--------------7.63
11:58--------------2.72
11:59--------------2.65
12:01--------------3.54------------3657.12(+0.10%)
Market Close.
Advancers 40
Decliners 94
Value turnover PhP 5.322 bn
Cross transactions PhP 1.389 bn
Sectoral Indices.
Industrial +1.09%
Services +0.84%
Property -0.01%
Holdings -0.20%
Financial -1.18%
M-O -1.44%
Closing prices of selected stocks - June 26, 2007
ABA - PhP 0.013
ALI - PhP 18.00
AR - PhP 0.016
DGTL - PhP 1.60
EIB - PhP 0.57
LOTO - PhP 15.75
MPI - PhP 4.40
NRCP - PhP 4.40
SUN - PhP 1.10
V - PhP 1.78
WEB - PhP 0.065
BusinessWorld - June 26, 2007With WallStreet almost flat, the market had no clear lead to follow.
PSEi previous close - 3653.58 (June 26, 2007)
time------------change-----------PSEi
9:31---------down 4.95----------3648.63
9:32--------------9.22
9:33--------------7.00
9:36--------------2.72
9:38-----------up 0.42----------3654.00
The PSEi tried to advance but with the market still into its consolidation mode, it continued its decline.
9:39---------down 4.15
9:42--------------7.83
9:44--------------8.52
9:47-------------10.11
9:56-------------14.09
10:12------------14.46----------3639.12 (the day's low)
The index tried to close the gap at 3633 but local investors bought up bargains and the market reversed from its downtrend.
10:19--------down 7.93
10:20-------------4.02
10:21-------------2.84
10:22-------------0.50----------3653.05
The market moves into positive territory and advance accelerates.
10:23-----------up 0.39
10:24--------------3.47
10:25--------------4.55
10:26--------------4.98
10:27--------------8.85
10:30-------------11.80
10:32-------------12.08
10:33-------------13.20
10:35-------------15.02
10:43-------------15.51
10:53-------------21.58
10:58-------------25.42----------3679.00
Correction and profit taking sets in. The 3680 level was seen as a resistance.
10:59-------------19.16
11:07-------------19.02
Another attempt to spur the market to continue advance.
11:13------------27.12------------3680.70 (day's high)
The day's high was reached near the resistance; and it encountered selling pressure at once.
11:15------------20.97
11:20------------18.09
A last ditch effort to sustain and keep the day's gains.
11:23------------23.46
11:25------------24.14
Profit taking and increased selling pressure late in the trading day had the market going downhill the rest of the session.
11:28-------------20.80
11:31-------------16.99
11:39-------------14.49
11:46-------------14.41
11:50-------------12.43
11:51-------------11.57
11:54--------------9.42
11:55--------------8.93
11:56--------------7.63
11:58--------------2.72
11:59--------------2.65
12:01--------------3.54------------3657.12(+0.10%)
Market Close.
Advancers 40
Decliners 94
Value turnover PhP 5.322 bn
Cross transactions PhP 1.389 bn
Sectoral Indices.
Industrial +1.09%
Services +0.84%
Property -0.01%
Holdings -0.20%
Financial -1.18%
M-O -1.44%
Closing prices of selected stocks - June 26, 2007
ABA - PhP 0.013
ALI - PhP 18.00
AR - PhP 0.016
DGTL - PhP 1.60
EIB - PhP 0.57
LOTO - PhP 15.75
MPI - PhP 4.40
NRCP - PhP 4.40
SUN - PhP 1.10
V - PhP 1.78
WEB - PhP 0.065
Before the market opens - June 26, 2007
US Economy : Existing Home sales approach 4 year low
The Dow Jones Industrial Average (DJIA) was flat and was down by only 8.21 points. It closed at 13,352.05
Chinese shares fall 3.68% yesteray on fears of the possibility of another interest rate hike.
In the news:
The Philippine Government saved PhP 14.6 bn in the first five months of 2007 owing to a prevailing favorable interest rate environment locally and abroad that allowed debt service payments to drop by 9% to PhP 327.85 bn this year from PhP 360.58 bn in the same period last year.
Interest payments: PhP 123.15 bn
local/domestic lenders: PhP 65.97
foreign creditors: PhP 57.18
Principal payments: PhP 204.58 bn
domestic loans : PhP 182.74 bn
foreign loans: dollar equivalent of PhP 21.95 bn
BusinessMirror - June 26, 2007
Tourist arrivals hit the 1 million mark in the first four months (January to April)of 2007. The total of 1,034,329 is a 7.1% increase compared to the same period last year (965,853).
Over PhP 100 bn investments in tourism related projects have been made in the Philippines since 2005.
Investments in Philippine Economic Zone Authority (PEZA)economic zones as of June 13, 2007 hit PhP 69.082 bn whichs is 201% higher than the PhP 22.906 bn approved during the same period last year.
The Dow Jones Industrial Average (DJIA) was flat and was down by only 8.21 points. It closed at 13,352.05
Chinese shares fall 3.68% yesteray on fears of the possibility of another interest rate hike.
In the news:
The Philippine Government saved PhP 14.6 bn in the first five months of 2007 owing to a prevailing favorable interest rate environment locally and abroad that allowed debt service payments to drop by 9% to PhP 327.85 bn this year from PhP 360.58 bn in the same period last year.
Interest payments: PhP 123.15 bn
local/domestic lenders: PhP 65.97
foreign creditors: PhP 57.18
Principal payments: PhP 204.58 bn
domestic loans : PhP 182.74 bn
foreign loans: dollar equivalent of PhP 21.95 bn
BusinessMirror - June 26, 2007
Tourist arrivals hit the 1 million mark in the first four months (January to April)of 2007. The total of 1,034,329 is a 7.1% increase compared to the same period last year (965,853).
Over PhP 100 bn investments in tourism related projects have been made in the Philippines since 2005.
Investments in Philippine Economic Zone Authority (PEZA)economic zones as of June 13, 2007 hit PhP 69.082 bn whichs is 201% higher than the PhP 22.906 bn approved during the same period last year.
Monday, June 25, 2007
The day's market - June 25, 2007
The local equities market tried to stay above the 3,700 level but the huge decline in WallStreet last Friday was too hard to ignore.
PSEi previous close - 3701.16 (June 22, 2007)
time------------change---------------PSEi
9:31------------up 3.95--------------3705.11 (day's high)
9:32---------down 2.93--------------3698.23
After just a couple of minutes into trading, the 3700 level was easily broken and selling pressure steadily increased.
9:33---------down 10.04
9:37----------------14.91
9:38----------------20.19
9:40----------------25.52
9:41----------------27.64
After an initial wave of selling, there was a slight rebound, but the decline continued.
9:42---------down 23.14
9:43---------------25.03
9:44---------------27.85
9:45---------------31.90
9:51---------------34.06
9:53---------------35.18
10:01-------------46.41------------ 3654.14
The market consolidated in a narrow range the rest of the trading day. The rally towards the close that was observed in last week's declines; never came.
The market initially tried to hold near its recent low at the 3,660 level.
10:10------down 46.02-------------3655.14
10:15------------41.04-------------3660.12
10:16------------39.82
10:22------------44.25
10:29------------41.67
10:30------------38.58
10:33------------37.57-------------3663.59
10:36------------43.10
10:40------------40.80------------3660.13
10:42------------42.64
10:44------------45.85
10:45------------46.63------------3654.53
After it became evident that the hoped for rebound will not materialize, the market moved to a lower range near the 3650 level.
10:46-----down 47.12-------------3654.04
10:48-----------48.55
10:49-----------49.66
10:50-----------51.22-------------3649.89
10:52-----------47.07
11:02-----------51.72
11:14-----------51.05
11:22-----------50.87
11:24-----------51.56
11:37-----------48.86
11:46-----------51.27
11:48-----------52.80------------3648.76 (day's low)
11:53-----------47.91
11:55-----------45.75
11:57-----------46.98
11:58-----------47.92
11:59-----------41.12--------(last try to limit losses)
12:01-----------47.58-------------3653.58 (-1.28%)
Market Close.
Advancers 31
Decliners 98
Value turnover PhP 4.204 bn
Cross transactions PhP 1.387 bn
Resistance remain at 3,700. Should the correction/consolidation mood persist, the market may close the gap at the 3633 level. Support is at the 3,600-3,630 level.
Sectoral Indices.
Industrial +0.29%
Financial -0.71%
Services -1.64%
Holdings -1.83%
Property -1.83%
M-O -2.26%
Closing prices of select stocks - June 25, 2007
ABA - PhP 0.014
ALI - PhP 17.75
AR - PhP 0.016
DGTL - PhP 1.62
EIB - PhP 0.58
LOTO - PhP 16.00
MPI - PhP 4.30
NRCP - PhP 4.45
SUN - PhP 1.16
V - PhP 1.82
WEB - PhP 0.0675
PSEi previous close - 3701.16 (June 22, 2007)
time------------change---------------PSEi
9:31------------up 3.95--------------3705.11 (day's high)
9:32---------down 2.93--------------3698.23
After just a couple of minutes into trading, the 3700 level was easily broken and selling pressure steadily increased.
9:33---------down 10.04
9:37----------------14.91
9:38----------------20.19
9:40----------------25.52
9:41----------------27.64
After an initial wave of selling, there was a slight rebound, but the decline continued.
9:42---------down 23.14
9:43---------------25.03
9:44---------------27.85
9:45---------------31.90
9:51---------------34.06
9:53---------------35.18
10:01-------------46.41------------ 3654.14
The market consolidated in a narrow range the rest of the trading day. The rally towards the close that was observed in last week's declines; never came.
The market initially tried to hold near its recent low at the 3,660 level.
10:10------down 46.02-------------3655.14
10:15------------41.04-------------3660.12
10:16------------39.82
10:22------------44.25
10:29------------41.67
10:30------------38.58
10:33------------37.57-------------3663.59
10:36------------43.10
10:40------------40.80------------3660.13
10:42------------42.64
10:44------------45.85
10:45------------46.63------------3654.53
After it became evident that the hoped for rebound will not materialize, the market moved to a lower range near the 3650 level.
10:46-----down 47.12-------------3654.04
10:48-----------48.55
10:49-----------49.66
10:50-----------51.22-------------3649.89
10:52-----------47.07
11:02-----------51.72
11:14-----------51.05
11:22-----------50.87
11:24-----------51.56
11:37-----------48.86
11:46-----------51.27
11:48-----------52.80------------3648.76 (day's low)
11:53-----------47.91
11:55-----------45.75
11:57-----------46.98
11:58-----------47.92
11:59-----------41.12--------(last try to limit losses)
12:01-----------47.58-------------3653.58 (-1.28%)
Market Close.
Advancers 31
Decliners 98
Value turnover PhP 4.204 bn
Cross transactions PhP 1.387 bn
Resistance remain at 3,700. Should the correction/consolidation mood persist, the market may close the gap at the 3633 level. Support is at the 3,600-3,630 level.
Sectoral Indices.
Industrial +0.29%
Financial -0.71%
Services -1.64%
Holdings -1.83%
Property -1.83%
M-O -2.26%
Closing prices of select stocks - June 25, 2007
ABA - PhP 0.014
ALI - PhP 17.75
AR - PhP 0.016
DGTL - PhP 1.62
EIB - PhP 0.58
LOTO - PhP 16.00
MPI - PhP 4.30
NRCP - PhP 4.45
SUN - PhP 1.16
V - PhP 1.82
WEB - PhP 0.0675
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