First Metro Securities

The PSEi surged above its 6,000 support ending the week up 4.99% w/w at 6,154.99 (+292.40 pts).

The PSEi slid below its 6,400 support, driven by heavy foreign selling, ending the week down 2.22% w/w at 6,352.12 (-144.20 pts).

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).