Market Outlook

The index ticked higher with a gain of +0.39% moving sideways from negative close last week with investors taking advantage of the short bullishness.

Expect range-bound movements, as participants sift through an expected 3Q slowdown with political headlines in mind on slower fiscal spending and weather disturbances.

Sentiment might get its strength from the planned China-US talks in South Korea later this month, to ease their trade rift.

Expect knee-jerk reactions on regional equities, stemming from the retaliatory tariffs issue between China-US effective November.

The index gained +1.39% at the close, breaking its losing streak from previous sessions to finish at 6,083.83.

The PSEi closed slightly higher by +0.23% at 6,039.76, showing a small bounce after recent losses.

Participants may continue to monitor how the local bourse would gather momentum, to firm-up its base above the 6,000 zone.

Expect volatility, as participants weigh on the PSEi’s staying power above the 6,000 zone.

Expect volatility given the month-end portfolio repositioning & sequels to the Blue Ribbon Committee’s flood control issue hearing.

The PSEi slipped by 3.79% w/w to close at 6,027.12 (-237.37 pts.), reversing last week’s gain.

Resumed buying is seen, as investors position in key stocks’ oversold state.

Participants may monitor continued net foreign buying in select shares, while sentiment remains anchored on domestic political headlines.

The spotlight is on continuation of the Senate Blue Ribbon committee’s hearing, especially on sequel testimonies from parties involved.

The PSEi closed lower by –1.55% at 6,118.54, extending its recent weakness as the index struggles below key moving averages.

Sessions might remain subdued for now, as investors check on catalysts that could boost aggressive buying.