PSE Market Outlook (16 Feb 2023) by 2TradeAsia
Local equities might take its cue from Wall Streetās ascent, mainly on improved retail sales growth for January.
Local equities might take its cue from Wall Streetās ascent, mainly on improved retail sales growth for January.
Peeking at the indicators, the RSI is pointing downwards, while the MACD sustained its
Investors would be on the lookout if supply pressure would prevail, ahead of local monetary authoritiesā policy meeting this week.
Should the stocks rally in the following trading days, this could be a good time to
The market pulled back anew but has managed to stay above 6,800.
Positive tone may prevail, on investments outcome from PBBMās state visit in Japan.
Based on its price action, the PSEI could easily visit the 6,700 level again amid the lack of buying pressure.
Another volatile session might prevail, as market participants monitor the main gaugeās move back to the 7,000 mark.
Hereās a commentary on an important issue or event affecting the stock market
Hereās a commentary on an important issue or event affecting the stock market
Hereās a commentary on an important issue or event affecting the stock market
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Investors might want to wait a little further before reentering when the index already stabilizes.
Investors might debate on the local central bankās next policy move, as the market fully digests higher inflation print for January.
Unable to keep its head above the 7,000 line, participants will monitor continuity of supply pressure before moving within good trading windows in key index shares.
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