PSE Market Outlook (28 Apr 2025) by First Metro Securities
The PSEi increased 2.19% w/w to 6,268.75 (+134.13pts), breaking past its 6,200 resistance as well as its 20-day and 50 -day moving averages (MA).
The PSEi increased 2.19% w/w to 6,268.75 (+134.13pts), breaking past its 6,200 resistance as well as its 20-day and 50 -day moving averages (MA).
Continuity of Friday’s advance is seen, as countries worldwide prepare countervailing measures to weather-out uncertainties from the US-China tariff standoff.
GLO is in the midst of its fourth consecutive day of decline, falling by -2.24% to 1,965.
CNVRG experienced a modest intraday increase of +0.21%, fueled by positive momentum reflected in both the MACD and RSI.
URC surged +5.45% intraday, fueled by strong buying pressure, as reflected in the MACD and the RSI reaching overbought territory.
The index wrapped up the session with a doji candlestick at 6,158.48.
Expect volatile trades as April comes to a close, on month-end portfolio balancing.
Sentiment might take its cue from assurances of negotiations on the US-China tariff standoff, while heeding for 1Q corporate earnings guidance from largecaps.
ACEN remains in a prolonged downtrend, with price action staying weak and failing to establish a solid base.
MER resumes its climb, closing at 574.50 (+1.14%).
SMPH is showing strong support level closing at 22 (+0.46%), with bullish candles forming but momentum remains downward.
ALI surges +1.88% to 24.40, surpassing short-term MAs.
The PSEi on another consolidation as it closes 6,145.59 (+0.12%).
Sentiment could sway to Wall Street’s overnight rebound, with 1Q corporate earnings in sequence.
Participants might monitor reactions to Wall Street’s overnight decline, with Trump’s latest social media tirade on the Fed.
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