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Eyes are set whether the PSEi could muscle enough strength to keep its head above the 6,000 zone, as some might be prodded to cash-out pending other macro leads.

The local bourse continues to remain thin as the RSI sits at 45.70.

The spotlight is on headlines of possible off-cycle rate hike from the BSP, as part of measures to tame inflation.

Eyes are set whether local equities would break away from its sideways movement, possibly taking inspiration from US equities’ overnight ascent.

Supply-side monitoring may continue, as intra-day rises have been short-lived during recent trades.

Prospective gradual positioning might take shape, as investors position for dividend plays & those with solid composure drives this year.

The PSEi has increased by 0.27% w/w to 5,976.77 (+15.80 pts.), however, it remains in a consolidation phase after failing to sustain a break above the 50-day moving average, with price currently pulling back toward the 20-day MA, indicating near-term weakness.

The spotlight is back on global crude prices, resurfacing concerns over nearterm inflation.

The local bourse continues to trade flat on further market indecision marked by RSI’s neutral reading of 52.09.

Another range-bound session is seen, with eyes set on energy agencies’ move to address the electricity situation.