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The index attempted to break 6100 levels, but profit-taking emerged.

Participants may check for renewed buying, as some might take their cue from Wall Street’s ascent on favorable inflation and labor market gauges.

Optimism is seen to prevail, with eyes set for 6,150.

The PSEI marked its first red after its 3-day gain, closing down by -0.04%, holding above its recent base and gradually reclaiming momentum after prior low.

Selective trade is seen, as investors focus on select stocks with positive headlines.

Eyes are set on the PSEi’s run-up towards 6,150, as fund managers position for year-end window dressing.

The market might hold above the 6,000 zone, as fund managers focus on stocks worth accumulating.

The index edged up by +0.50%, climbing to 5,990.00 as it sustained its upward movement for another session.

Possible follow-through buying is seen on account of local monetary authorities’ lowering of interest rates — a move that would help support lending for the remainder this year.

Investors might laud the Fed’s move to reduce its interest rate by 25bps, which could support expectations for similar moves from local monetary officials.