PSE Market Outlook (4 Feb 2026) by 2TradeAsia
Market participants will monitor continuity of the PSEi’s positive angle, although some might seize on this strength to cash-out.
Market participants will monitor continuity of the PSEi’s positive angle, although some might seize on this strength to cash-out.
Sentiment might anchor on the latest improvement in PMI gauge for January, hinting return to economic activity.
On technicals, MEG is currently on an uptrend trending above all key moving averages 20-day, 50-day, 100-day, and 200-day (MA).
The PSEi declined 0.07% w/w to 6,328.97 (-4.29 pts.) after moving below the 20-day moving average, keeping the index within a short-term bearish channel.
Having recouped its poise, fund managers may view with clearer lens on the local economy’s improved growth angle this year.
MBT edged down -2.64%, below MA200 overhead supply.
The index closed after a sharp -2.08% drop to 6,223.36 but continues to trade above key moving averages.
Prospective follow-through reaction to weaker-than-expected 4Q25 GDP (+3% vs 3Q’s revised +3.9%) might add supply pressure to equities.
Gauges may continue to rise, with the Fed’s status quo on policy rate within expectations.
PLUS continues to hover near recent lows and remains below moving averages.
SMPH closed lower by 0.44 as it continues to consolidate near resistance levels, testing 100MA.
The index edged up + 0.53% after plunging at 6,200 levels, remaining above key moving averages.
The market might resume its ascent, as foreign funds position in select large caps with solid upside angles.
The market might take its cue from US equities’ overnight ascent, as investors heed for 4Q interim results.
The PSEi fell -2.03% w/w, closing at 6,333.26 (-131.41 points), and is currently moving within a descending channel, while the MACD has crossed over the signal line, which reflects a bearish momentum.
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