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Having slipped below 5,800, buyers might remain at bay for now, to wait until supply pressure ebbs, especially on intra-day ascents.

Expect volatility to continue, as participants seek feelers whether the PSEi would recoup its poise back to the 6,000 zone.

The index reflected a modest rebound, increasing by +0.67% to close at 5,867.04, recovering from last week’s persistent declines as investors cautiously re-entered selective oversold positions.

Eyes are fixed on continuity of the PSEi’s rebound, as participants gauge whether weaker 3Q GDP and higher inflation numbers have already been factored into prices.

Participants may go through another ‘feeler mode’ for local equities, given the extent of supply pressure from yesterday’s trades.

The PSEi fell 0.97% w/w to 5,929.68 (-58.34 pts.), reversing its earlier gains during the week.

Market participants will sift through interim results for 9M25 from select large-caps (approx. 25% weight to PSEi basket), as several take feelers whether the PSEi would be able to recover its poise above the 6,000 zone.

Expect gyrations, as participants weigh on month-end portfolio closing, Xi JinpingTrump’s meeting in South Korea and reception to the Fed’s 25bps rate cut.

With regional peers and US markets rising on China-US trade deal prospects, eyes are set whether local equities would be able to recoup its poise to return above the 6,000 zone.