Market Outlook

The index closed at 6,263.94 as the index bounced back.

Attention is set whether the PSEi’s run-up would continue, or for prospective breathers to set in.

Participants will monitor if prospective technical breathers might set in, given the local market’s recent ascent.

Market participants will monitor the PSEi’s move above the 6,200 mark, following prior sessions’ ascent.

Momentum is still being flattish as RSI starts to consolidate indicating that the index may

Moving averages are still bearish with the index nearing solid support at 6,000 levels.

The mood might remain tentative, pending the Fed’s sequel move on benchmark interest rate.

Movements might stay sideways, possibly with another downward bias, ahead of the Fed meeting.

Participants might adopt a wait-and-see stance for now, to check if supply pressure from FTSE rebalancing has already subsided.

The index closed lower at 6,208.40 as the index moved in a range.

The market might see similar last-minute lift, while trading within a tight range for most part of the session.

The index closed lower at 6,183 with bears still selling on a range, ending the day back to nearly the month’s low.

Choppy sessions are seen, as sentiment might glide to Wall Street’s overnight weakness (DJIA -0.57%, Nasdaq Comp. -1.06%) on renewed concerns over

Participants may need to sift through August’s latest inflation data (+5.3% vs. July’s 4.7%), especially on guidance from the local central bank on

Market participants will focus on movements in select index stocks, that may include the tender offer progress in MPI.