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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.

The PSEi declined by 1.67%, closing at 5,988.02 (-101.51 pts), breaking below the 6,000 level, which had previously acted as a key support.

Participants may take inspiration from Wall Street’s ascent, on rising support for a Fed rate cut given latest inflation data plus China-US trade summit on Thursday.

The index recognized a small rebound in value coming up from the consistent negative drop throughout the week, gaining by +0.38% well within the 50-day MA which suggests investors entering positions on key oversold equities in the market.

Sentiment might take its cue from Wall Street’s overnight gain, ahead of Trumpand Xi Jinping’s meeting next week.

Attention is fixed on the PSEi’s staying power above the 6,000 mark, as investors monitor possible continuity of yesterday’s selling pressure.