PSE Market Outlook (18 Mar 2025) by 2TradeAsia
Similar movement of solid opening followed by range-bound pattern is seen for equities, as most fund managers reposition cash in select oversold index shares.
Similar movement of solid opening followed by range-bound pattern is seen for equities, as most fund managers reposition cash in select oversold index shares.
MER is currently in an uptrend, maintaining its position above key moving averages, which suggests strong bullish momentum.
The PSEi slipped to 6,294.11 (-0.07% w/w), shedding a modest 4.18 pts but holding above the 20-day and 50-day moving averages.
Gauging from the recent trend in net foreign buying position, gauges might be poised to affirm its strength within 6,400-6,500, possibly on gradual mode.
SPNEC surged by +8.70%, accompanied by a volume spike, signaling a strong bullish breakout.
The PSEI inched higher by +0.76% intraday, attempting to regain momentum as it now holds above its short-term MA.
Given US markets’ renewed slump, expect volatility from the latest traderelated issues within the wines/spirits market.
Another range-bound session is seen, as market participants heed for sequels to ongoing political headlines at home.
Regional markets’ attention might sway into the US inflation print, due Wednesday;
CREIT closed flat with a doji candlestick, slightly below its 9-MA and 50-MA.
The market appears prepared to establish its footing around the 6,000 level, with market participants encouraged with the softer inflation level recorded in February.
BPI continues its gains after its recent pullback, with an intraday gain of +1.17% to 130.00.
PX surges by 6.96%, closing at 5.84.
ICT exhibits an intraday gain of +5.64% to 356.00, yet remains to be traded below all key MA levels.
The PSEi remains to be traded below its key MA levels despite its intraday gain of +1.60% to 6,219.96.
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