PSE Market Outlook (2 Jun 2025) by 2TradeAsia
Expect choppy sessions for most of the week, with the effectivity of MSCIās portfolio rebalancing on 02 June, plus FTSEās rebalancing on 06 June.
PSE Market Outlook reports summarize our partner brokersā analysis of the expected short-term movement of the Philippine Stock Exchange index (PSEi). This report primarily relies on Technical Analysis and may be useful to short-term or day traders.
Expect choppy sessions for most of the week, with the effectivity of MSCIās portfolio rebalancing on 02 June, plus FTSEās 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 Courtās move to block Pres. Trumpās 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 equitiesā 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 marketās overall response to Pres. Trumpās 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.
Eyes are set on PBBMās new cabinet team, following the revamp headline.
Continuation of prior sessionās trend is seen as participants position in select oversold shares.
The PSEi closed at 6,335.33, marking a 1.85% decline.
Participants may adopt another feeler mode, to gauge if supply pressure would still be felt in select large-caps from prior sessionās profit-taking (i.e., holding firms, banks).
Participants will monitor the marketās absorption of the sovereign credit downgrade in the US, coupled by series of slower economic data growth in the region.
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