PSE Market Outlook (2 May 2025) by 2TradeAsia
Sentiment might take its cue from expectations for possible 100bps rate cut from the Fed following frail 1Q GDP in the US (-0.3%).
PSE Market Outlook reports summarize our partner brokersâ analysis of the expected short-term movement of the Philippine Stock Exchange index (PSEi). This report primarily relies on Technical Analysis and may be useful to short-term or day traders.
Sentiment might take its cue from expectations for possible 100bps rate cut from the Fed following frail 1Q GDP in the US (-0.3%).
The index wrapped up the session relatively flat closing at 6,252.19 (+0.04%).
Gauges might finish on the plus-side, with latest headlines on tariff relief packages for the US auto industry, & Fitchâs affirmation of investment grade on the Philippines.
Similar trend from prior session might prevail, as investors shape their portfolio for the month-end repositioning.
The PSEi increased 2.19% w/w to 6,268.75 (+134.13pts), breaking past its 6,200 resistance as well as its 20-day and 50 -day moving averages (MA).
Continuity of Fridayâs advance is seen, as countries worldwide prepare countervailing measures to weather-out uncertainties from the US-China tariff standoff.
The index wrapped up the session with a doji candlestick at 6,158.48.
Expect volatile trades as April comes to a close, on month-end portfolio balancing.
Sentiment might take its cue from assurances of negotiations on the US-China tariff standoff, while heeding for 1Q corporate earnings guidance from largecaps.
The PSEi on another consolidation as it closes 6,145.59 (+0.12%).
Sentiment could sway to Wall Streetâs overnight rebound, with 1Q corporate earnings in sequence.
Participants might monitor reactions to Wall Streetâs overnight decline, with Trumpâs latest social media tirade on the Fed.
The PSEi experienced some relief as it closed the week higher at 6,134.62 (+0.86% w/w) amid a shortened trading week.
Fund managers will sift through headlines during the Lenten break, to gauge follow-through appetite from investors spotting for bargains.
The PSEi increased intraday to 6,077.8200.
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