BDO closed at 117.10 (+4.74%) after a strong rebound session, with recent candles hinting at a short term reversal attempt following a prolonged consolidation near the lows.
The PSEI closed at 6034.27 (+1.12%) as the index attempted to stabilize after a recent stretch of weakness, with recent candles resembling a modest rebound cluster near short term support.
Eyes are set whether local gauges would continue its upward trek, or pause for technical breathers.
Sentiment might take its cue from Wall Streetās overnight advance, on optimism for resolution to US-Iran rift.
TEL extended the selloff, sliding down -0.81%, remaining below major MAs, keeping the broader setup decisively bearish, alongside surpassing the MA200 demand zone.
MBT dropped -3.17%, extending the pullback and staying below key moving averages, which keeps the near-term structure bearish.
The index closed -0.74% lower after a modest rebound, remaining below key moving averages as the local bourse prompted selling amid inflation figures.
The market may get feelers on participantsā reaction to Aprilās 7.2% inflation (four-month average of 3.9%), including BSPās sequel action to control higher consumer prices.
Supply pressure might step in, as participants weigh Pres. Trumpās assurance on the safe passage of commercial vessels at the Strait of Hormuz.
The PSEi fell 1.85% or 109.85 pts. w/w to close at 5,833.64.
The market might take its cue from US equitiesā Thursday advance (mainly on positive 1Q GDP), as investors sift through 1Q earnings releases from select large-caps.
The highlight is on the current impasse in peace negotiations between US-Iran, with an extended timeline seen to impact global economies.
CNPF extends its decline, closing -4.13% lower and continues to trade below its key moving averages, reinforcing the prevailing bearish structure.
MYNLD resumes its upward bias after the retracement, gaining +3.21% as it hovers above MA50 and MA100.
The index slipped -0.58% continuing the losing streak and continues to trade below all neutral key moving averages, keeping the broader tone bearish.
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