Market Outlook

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.

The PSEi slipped 0.08% to 6,384.62, reflecting mild but persistent selling pressure.

Sentiment might take its cue from US equities’ ascent, given the tariff respite (extension to 09 July) on the EU bloc.

Expect another light session in equities, as fund managers are on their extended weekend break for the US Memorial Day holiday.

The PSEi slipped 0.81% w/w to 6,413.10 (-52.43pts), managing to reclaim the 6,400 level after briefly dipping below it during the week.

Participants may get feelers on the market’s overall response to Pres. Trump’s 50% tariff on all EU goods starting June, to gauge whether this would set the tone this week.

The PSEi fell -1.10% to 6,305.37, reflecting continued selling pressure.