PSE Market Outlook (1 Dec 2023) by 2TradeAsia
Participants might gauge whether the PSEi could keep its head aloft 6,200, given yesterday’s trend.
Participants might gauge whether the PSEi could keep its head aloft 6,200, given yesterday’s trend.
After reaching its 3-yr low at 27.70 on Sept 20, SMPH’s share price rebounded and has been rising slowly.
Momentum may continue for local equities, supported by improving turnover and net foreign buying position.
URC traded higher for 6 consecutive days after it bounced from its support at 108.50.
Participants will sift through events during the weekend pause, while monitoring turnover build-up towards the end of 2023.
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