Market Outlook

The PSEi on another consolidation as it closes 6,145.59 (+0.12%).

Sentiment could sway to Wall Street’s overnight rebound, with 1Q corporate earnings in sequence.

Participants might monitor reactions to Wall Street’s overnight decline, with Trump’s latest social media tirade on the Fed.

The PSEi experienced some relief as it closed the week higher at 6,134.62 (+0.86% w/w) amid a shortened trading week.

Fund managers will sift through headlines during the Lenten break, to gauge follow-through appetite from investors spotting for bargains.

The PSEi increased intraday to 6,077.8200.

Expect volatile sessions, as participants sift through the market’s response to BSP’s policy easing, while focusing on China-US trade levy retaliation moves.

Pres. Trump’s 90-day suspension of tariffs across countries save for China, is the main theme that would support bargain hunting across equities markets in the region.

Market participants may get feelers for prospective continuity of supply pressure on equities, especially with a shortened 4-day trading week.

The PSEi continued its downward trend from the previous week, shedding 63.3 pts to 6,084.19 (-1.03% w/w).

Market participants’ attention is on the US tariff headline & its toll on sentiment in the region.

Prospective pauses might be seen, as some participants seize on the latest advance to cash-in their gain.

The PSEi gained +0.54% on the previous session as selling pressure weakened but the local bourse remains below all MAs.

Eyes are set on continuity of prior session’s MOC-boost, as participants check on feelers on sequels to US tariff issues.

The PSEi found direction after trading sideways last week, slipping 119.31 pts to 6,147.44 (-1.90% w/w).