Market Outlook

The PSEi ended the week flat at 6,919 (+6.38pts; +0.09%).

Stabilization within 6,850-6,950 zone might be seen on the interim, as part of liquidity finds its way into equities.

The local bourse ended the trading session in the greens, inching towards the 7,000 levels.

Sentiment might take its cue from Wall Street’s incline, after PCE index was in-step with estimates (+0.3% in January).

The local bourse ended the trading session down by -0.45% to 6,861.

Another range-bound session is seen, with the month-end portfolio rebalancing.

The PSEi inched up by +0.58% w-o-w to close at 6,913.21, marking a five-week winning streak.

The local bourse ended the trading session with a +0.08% uptick, reaching 6,903.15.

Sentiment might sway to Wall Street’s incline (DJIA +1.18%, Nasdaq Comp. +2.96%), as economic & corporate earnings growth prospects are highlighted anew.

The PSEi settled higher by +0.62% to 6,897.36 yesterday as the bears fled the bourse.

Light sessions are seen, with foreign fund managers on their extended weekend break for the US Presidents’ Day holiday.

Movements might stay range-bound for now, as the PSEi reinforces a firmer base at 6,800.

The PSEi surged by +0.34% w-o-w to close at 6,873.23, marking its fourth winning streak.

Sentiment might sway to Wall Street’s lead, with improved liquidity returning to equities.

Attention would be on the local central bank’s policy meeting, with consensus for a status quo.