Market Outlook

Having recouped its poise above the 6,000 zone, investors will continue to monitor possible revert to 6,500-6,800, although some could seize on this strength to cash-out given volatile headlines on tariff-related issues & sequels to impeachment headlines at home.

The PSEi made a strong comeback after consecutive sessions of heavy selling, with the benchmark index reclaiming above 6,000.

Market players would monitor the PSEi’s staying power above the 6,000 zone, as sentiment takes its cue from developments on Trump’s trade tariff measures.

Regional markets’ attention might sway to latest news on the 30-day reprieve reportedly agreed upon by Trump, as well as Mexico & Canada, on the effectivity of the recently-imposed importation tariff.

Caution may be the main carrying theme, with the PSEi falling below the 6,000 psychological zone.

The PSEi dropped by -0.74%, closing at 6,107.66.

Expect volatile sessions with the month-end portfolio closing.

Attention is set on Philippine 4Q24 GDP, as well as BSP’s sequel guidance on monetary policies.

The PSEi ended with a modest gain of +0.48%, closing at 6,378.86/sh.

The market might take comfort from Pres. Trump’s latest statement in the World Economic Forum calling for OPEC to reduce prices & for central banks to support lowering interest rates.

Market participants may continue to monitor supply presence in select sectors during intra-day strength, as sentiment takes its cue from Wall Street’s incline.

The PSEi ended yesterday’s session with a doji candlestick, reflecting market indecision as price action remains anchored at the 6,300 level.

Participants may continue to search for trading windows in select stocks, while heeding for latest corporate earnings & other new leads.

Activity might remain light, as global fund managers’ attention is swayed to movements at the crypto & currencies market.

The PSEi slid below its 6,400 support, driven by heavy foreign selling, ending the week down 2.22% w/w at 6,352.12 (-144.20 pts).