Market Outlook

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).

Expect volatility with the quarter-end portfolio closing, with possible weight from US equities’ overnight weakness Friday.

The PSEi slipped by -0.43% intraday as selling pressure kept it pinned below key moving averages, with the 50-day MA acting as resistance.

Participants will monitor possible continuity of the sluggish trend, as the market digests 2024 corporate earnings plus guidance on 1Q results.

Attention is set for possible continuity of yesterday’s trend, specifically on lastminute buying in key select shares.

The PSEI failed to maintain itself at the 6,200 level and ended with a -0.52% intraday loss, stuck below its long-term moving averages.

Movements may remain range-bound for now, pending other catalysts that could support aggressive positioning from buyers.

Sentiment might take its cue from US equities’ incline, as Trump’s administration takes on measured approach on tariffs against its trading partners.