Market Outlook

Market participants will check for continued supply pressure, following prior session’s weak market breadth.

The anticipated nationwide roll-out of P20/kg rice pricing is something the investing community might look out for, following PBBM’s SONA.

The PSEi slipped by -0.28%, closing at 6,444.16 and showing hesitation near recent resistance levels.

The market is back to the elusive 6,500 zone, and feelers might reverberate anew for the market to trounce past this barrier.

Possible follow-through buying is seen, on hopes for positive outcome from PBBM’s trade visit to the US on tariffs & maritime security.

The PSEi slipped 2.42% w/w to 6,303.72 (-156.16 pts), breaking its momentum and falling below the 20-day and 50-day moving averages (MA).

Sessions may continue with its sideways trend, as the investing community assess how Pres. Trump’s tariff policies would filter into the wider economy.

The PSEi declined by -1.00% to close at 6,459.47, pausing after recent gains but maintaining a neutral-to-bullish technical stance.

Participants may heed for continuity of prior session’s supply pressure, to wait for relatively stable footing on the overall gauge.

Attention might be on stabilization above the 6,500 zone, especially in maintaining the previous session’s net foreign buying position.

Similar mixed session is seen, as market players assess Pres. Trump’s latest rhetoric on tariffs on copper imports, plus upcoming semiconductors & pharmaceutical items.

The PSEi slipped 0.20% w/w to 6,395.57 (-12.7 pts.).

The market may revert to ‘feeler-mode’ state, with the US’ 09 July tariff deadline.

The PSEi rose by 0.78% to close at 6,468.98, reflecting a modest recovery in market sentiment.

Eyes are set on the release of June inflation (estimated at 1.1%-1.9% range), widely seen to remain benign vs May’s 1.3%.