Market Outlook

The index closed lower at 6,175 with bears still selling on a dead cat bounce, ending the day back to nearly the month’s low.

Some might take interest in heavily-beaten large-caps that led yesterday’s descent.

Expect volatility with the month-end portfolio repositioning.

Sentiment might glide to Wall Street’s overnight incline (Friday & Monday), as views are weighed on Fed chair Powell’s statement plus upcoming inflation data in the US.

The index closed lower at 6,212.39 with bears still heavily selling even with the index already at critical levels, ending the day nearer to

Market participants will sift through headlines during the weekend break, especially with Fed chair Powell’s upcoming statement, and property trends in China.

Participants will check on continuity of prior session’s advance, as well as consensus for status quo from BSP’s policy meeting today.

The index closed lower at 6,335.91 with bears still selling, ending the day with a doji candlestick.

Eyes are set whether inflection point could be made at the 6,300 zone, as several watch if supply pressure would still be

Local equities might need to find a stable base for now, as the market digests on slower 2Q GDP, versus

The index closed lower at 6,449.66 with bears still selling after lower-than-expected GDP data.

Sentiment might sway to Wall Street’s overnight incline (DJIA +1.16%, Nasdaq Comp. +0.61%), on expectations of tamer sequel inflation trend.

The index closes higher at 6,576.76 with bulls being able to defend prices near 6,500 levels.

Sentiment might sway to Wall Street’s weakness, as some investors cash-out with the Ghost month season.

The PSEi closed at 6,593.80, with bulls trying to defend prices near 6,600 levels.