ICT closed higher as buyers remained to regain control amid profit-taking, trading above the moving average as the uptrend accelerates.
BDO closed lower after retesting the 200MA while holding above the 50MA and 100MA, suggesting a healthy pause after the recent rally.
The index edged up +0.45% higher after a short retest in resistance levels staying above moving averages, signaling sustained bullish sentiment.
Movements might be in a narrow range for now, as those likely to position check for supply presence on intra-day strength.
The PSEi rose 0.19% w/w, closing at 6,052.92 (+11.70 pts), and is forming a reverse head and shoulders pattern, which is a bullish reversal signal.
Friday’s trades would likely be range-bound, with several fund managers on their New Year break.
JFC attempts to stabilize as price rebounds from recent lows while trying to reclaim the 50MA level.
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.
SMPH has rebounded by about 26% from its multi-year low around PHP 18 in Nov 2025.
Optimism is seen to prevail, with eyes set for 6,150.
MWC sustains its strength after a short consolidation.
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.
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