Market Outlook

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%.

Participants may keep an eye for possible supply pressure on intra-day rallies, ahead of the US Independence Day break.

The PSEi is maintaining above 6400, closing at 6,423.85 with a 0.93% gain.

Sentiment might anchor on improved manufacturing readings in June plus S&P Global’s outlook on the local banking sector.

Sentiment might take its cue from Wall Street’s overnight ascent, on hopes for more trade accord.

The PSEi edged up by +0.08% to close at 6,330.65.

Another range-bound session is expected, as fund managers weigh on sequels once the 90-day tariff truce deadline expires, plus dialogues within the Israel-Iran ceasefire.

Sessions might move sideways, as participants prepare for quarter-end portfolio repositioning.

The PSEi closed at 6,292.75, up by 1.20%, showing a short-term bounce after recent downward pressure.