Market Outlook

Another range-bound session is expected, as fund managers weigh on sequels once the 90-day tariff truce deadline expires, plus dialogues within the Israel-Iran ceasefire.

Sessions might move sideways, as participants prepare for quarter-end portfolio repositioning.

The PSEi closed at 6,292.75, up by 1.20%, showing a short-term bounce after recent downward pressure.

Local equities might take its cue from Wall Street’s continued advance, on hopes for results from Israel-Iran ceasefire.

Crude futures’ overnight retreat & breaking story of a ceasefire between Israel-Iran are set to lift optimism for equities.

The PSEi slipped 0.87% w/w to 6,339.77 (-55.82 pts.).

Expect supply pressure, following the weekend US bombing of Iran’s nuclear facilities.

The PSEi closes at 6,357, gaining +0.31%.

The PSEi edged by +0.17% to close at 6,369.19.

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).