Market Outlook

Attention is fixed on the PSEi’s staying power above the 6,000 mark, as investors monitor possible continuity of yesterday’s selling pressure.

The index closed sideways, peaking on the green at 6,093.53 gaining little (+0.16%) throughout the open.

Attention is set anew on the PSEi’s ability to trounce past 6,100, as investors check supply presence on intra-day ascents.

Participants may continue to check supply pressure on intraday rallies, based on recent trend.

Continued monitoring is seen, whether the PSEi would set a new tone from its current sluggish trend.

The index closed nearly flat, slipping by -0.01% to 6,093.67 as investors showed restraint ahead of fresh market catalysts.

Market participants will monitor if supply pressure would still emerge on intra-day rallies, given the local bourse’s limited movement in previous sessions.

Similar trend from previous session is seen, as participants revert their focus on quarterly earnings results plus guidance for the remainder this year.

The index ticked higher with a gain of +0.39% moving sideways from negative close last week with investors taking advantage of the short bullishness.

Expect range-bound movements, as participants sift through an expected 3Q slowdown with political headlines in mind on slower fiscal spending and weather disturbances.

Sentiment might get its strength from the planned China-US talks in South Korea later this month, to ease their trade rift.

Expect knee-jerk reactions on regional equities, stemming from the retaliatory tariffs issue between China-US effective November.

The index gained +1.39% at the close, breaking its losing streak from previous sessions to finish at 6,083.83.

The PSEi closed slightly higher by +0.23% at 6,039.76, showing a small bounce after recent losses.

Participants may continue to monitor how the local bourse would gather momentum, to firm-up its base above the 6,000 zone.