Session might continue to be subdued as investors may opt to play safe and stay on the sidelines following emergence of uncertainties on the US-China trade deal while the region may continue to see weakness amid geopolitical crisis in Hongkong.
PSE INDEX is currently holding above 8000 in the short term.
No more upside to the local bourse now, as the last three trading sessions completely wiped out the breakout seen during the beginning of the week.
No more upside to the local bourse now, as the last two trading sessions wiped out the breakout seen during the beginning of the week.
Having cooled from 8,200, eyes are fixed whether the PSEi can keep its head aloft 8,000.
The local bourse saw a massive breakout the previous session, cementing its position above the crucial 8,000-mark.
Optimism may prevail in local equities, on follow-through response to benign inflation for October, as well as hopes for the initial leg of US-China trade deal.
Marts may continue its recent ascent following strong earnings results so far for index stocks.
MACD - Remains stable on its buying sign, increasing histogram.