Market Outlook

The PSEi remains to be traded below its key MA levels despite its intraday gain of +1.60% to 6,219.96.

Participants could continue seeking bargain buys.

Participants may adopt a wait-and-see mode for now, given the diverging economic outlook between China and US.

The PSEI gained +0.45% intraday last session, but remains trapped in a broader downtrend, struggling below key moving averages.

Market investors will stay glued on continuity of yesterday’s rally, with encouragement from recent positive corporate results.

Attention is on the upcoming February inflation report, which economists expect to be ‘moderated’.

The market may see a restrained bounce as traders reassess positions after the MSCI-driven selloff.

The PSEI fell by -0.34% intraday, struggling to gain momentum after bouncing off recent lows.

The market may stay range-bound as investors digest recent earnings and global cues.

Sessions may remain choppy as investors gauge the momentum of today’s rebound.

PSEi continues sideways, wherein its intraday price slips by -0.52%, closing at 6,064.16, with stock remaining below all key MAs.

Investors will be weighing general response to the local central bank’s surprise move to cut banks’ reserve requirement by 200bps to 5%, versus Wall Street’s weaker trail Friday.

After recent attempts at recovery, the PSEI slipped by -0.87% intraday.

Range-bound session is seen, as participants monitor supply pressure on rallies.

Eyes are set whether local gauges would continue to advance to a higher range, as investors monitor the release of 2024 corporate earnings.