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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.

The index edges up by 0.46% climbing to 5,976.64, marking its second session in the green.

Movements might be range-bound for now, as some fund managers assess geopolitical tensions in the region, specifically on the latest rift involving Taiwan, between Japan-China.

The PSEi is showing signs of a short-term recovery after bouncing off the 5,800 support zone and is currently hovering around 6,000.

This week’s major theme is on monetary policy easing from both the Fed & BSP, which would aid in boosting growth.

The index depletes by 0.31% falling to 5,887.58, pulling back from the previous rebound observed from the prior weeks.

Movements may remain range-bound, as market watchers heed for catalysts.