PSE Market Outlook (16 Jan 2023) by First Metro Securities
The PSEi surged anew complemented by strong volume. The market is now heading towards
The PSEi surged anew complemented by strong volume. The market is now heading towards
Sequel rallies are seen, following Friday’s strong incline led by large caps.
Participants might take their lead from the latest month-on-month slide in US consumer prices, which would support
Overall, the main tide would center on inflation data in the US, which is seen to slow following prior months’ advance.
Our Target Price and recommendation for this stock is
As expected, the local bourse pulled back after once again teasing the 6,800.00 resistance—which further
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Our Target Price and recommendation on CEB
Sessions may gyrate, as participants balance the prospects for improved business resumption that would support growth, against
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Indicators are still slightly bullish, but the buying pressure is losing daylight.
However, the 6,800 level once again acted as a resistance with the market quickly pulling back to the 6,600 level.
Yet, with inflation still on the radar screen, expect some to seize on intra-day strength to
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