First Metro Securities

The PSEi pulled back by 1.63% dragged by heavy foreign outflows as it retested key resistance zone around the 6,600 to close at 6,496.32 (-107.49).

The PSEi continued its recovery to the 6,600 level to start the year on a positive note, rising by 1.15% and closing at 6,603.81 (+75.02).

The PSEi bounced back from the 6,600 level despite heavy foreign selling and rose by 1.74% w/w, closing at 6,724.14 (+115.29).

The PSEi failed to climb above the 200-day-MA and declined by 2.45% w/w to close at 6,613.85 (-166.28) amid heavy foreign selling.

The PSEi snapped its 4-week losing streak as it recovered from oversold conditions, rising by 1.55% w/w to close at 6,780.13 (+103.48).

The PSEi extended its losing streak to four weeks and recorded its worst week YTD, declining by 4.31% w/w to close at 6,676.65 (-300.53pts).