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The PSEi has increased by 7.39% w/w, closing at 5,997.13 (+412.78 pts), after breaking below the 5,600 level and then making a bullish reversal.

Participants are all-eyes on whether local gauges would climb its way back to 6,000 base, having recovered last week.

The index shoots higher with investors creating positions on key constituents, moving the index up by 2.01% to close at 5,930.81.

Momentum from yesterday’s trend may continue, to put back the PSEi above the 6,000 track.

Participants will monitor angles for continued recovery, especially in select stocks seen to benefit from December’s seasonal kick in consumer spending.

Another range-bound session is expected, as fund managers weigh the market’s stance to slower economic growth and the prospects for monetary easing this December.

Eyes are set whether follow-through lifts are in store for local equities, given yesterday’s recovery.

The PSEi fell 3.04% w/w to 5,584.35, decisively breaking below the 5,700 support level.

Caution might prevail, as attention is locked on the PSEi’s staying power above 5,500.