PSE Market Outlook (18 Feb 2025) by 2TradeAsia
Light sessions might prevail, with foreign fund managers on their extended weekend break with the Presidentsā Day holiday.
Light sessions might prevail, with foreign fund managers on their extended weekend break with the Presidentsā Day holiday.
VREIT closed on its second day of red candles, trading down by -0.53%, yet slightly above its 50-MA close.
Sessions might be range-bound, as participants heed for macro catalysts to counter supply presence on rallies.
PLUS continues its upward trend, surging by +9.17%, closing at 35.70.
URC continues to go sideways, where its price slightly rose by +0.98%, closing at 61.80āsurpassing the MA 9 level, highlighting a short-term buying pressure.
The PSEi increased by +1.14%, closing at 6,113.19.
Local participants would check on possible rises to 6,200, given the recent recovery, as others monitor supply availability on rallies.
SEVN goes down below all Mas giving signs of bearish momentum.
Attention is on BSPās policy meeting, with consensus for possible 25bps rate cut.
FDC was down by -0.20%, and closed below its 50-MA and 100-MA.
CNPF dropped 3.13% intraday, sliding further below its 50 and 100-day moving averages.
BPI attempted to sustain its recent climb but closed -0.54% intraday.
JFC managed a +1.46% intraday gain, but the broader downtrend remains intact.
The PSEi remains under pressure, declining by -0.82% intraday and slipping below the 6,000 mark once again.
Buyers might bid for time until sessions break-away from the usual solid opening, only to meet supply pressure in the process.
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