Market Outlook

The PSEi closed at 6,381.32, up by +0.53%, but the indicators present a mixed picture.

Follow-through buying is seen, given favorable backdrop at the macro front.

The PSEi closed at 6,347.67, losing 0.91%.

Participants may be watchful for possible continuity of supply pressure, given prior session’s trend.

Gauges may continue its ascent, as the market re-tests crossing near the 6,500 zone.

The PSEi increased 0.56% w/w to 6,376.79 (+35.30pts), trying to reclaim the 6,400 level and closing below its 20-day and 200-day moving averages (MA).

Sentiment might take its cue from Wall Street’s Friday advance, ahead of 09 June trade talks between China-US.

Eyes are set on possible sideways trade, as investors heed for the latest inflation in May.

The PSEi closed at 6,412.86, up by 0.95%, showing a slight recovery after moving sideways in recent sessions.

Focus would be on the PSEi’s move past 6,500, as sentiment might track Wall Street’s overnight rise.

Another volatile, range-bound session is seen, as fund managers parse through reciprocal tariff headlines.

Expect choppy sessions for most of the week, with the effectivity of MSCI’s portfolio rebalancing on 02 June, plus FTSE’s rebalancing on 06 June.

The PSEi slipped -0.20% to 6,412.81, reflecting a short pullback from yesterday’s gain.

Following the latest MOC-selling, participants will be checking on followthrough trends, especially with the latest US Appeals Court ruling that negated the Trade Court’s move to block Pres. Trump’s reciprocal tariff plan.

Attention is on continuity of the latest ascent, as investors position funds in bargain large-caps.