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Sentiment might take its cue from DJIA’s ascent, on prospects for the Fed’s policy easing & reports of accommodative policies from China.

Participants might bid for time to check on turnover improvement, supporting local benchmark’s sideways movement.

The PSEi closed at 6368.80, showing a range between 6343.69 and 6459.38.

Another range-bound session & selective trade might persist, unless significant build-up in turnover occurs for local equities.

The PSEI is still clearly under the spell of the bears.

Selective trades may prevail, as investors check for possible improvement in the previous sessions’ frail turnover.

Sessions might mimic yesterday’s movement, ahead of the Independence Day break tomorrow.

The PSEi rose by 1.33% w/w to close at 6,518.76 (+85.66 pts).