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The PSEi slipped by another 0.65% w/w to close at 6,109.21 (-39.92 pts.), just above the 6,100 support.

Market investors’ focus is on the US FOMC’s 16-17 September meeting this week, as expectations build for 25bps rate cut on the widely-followed Fed rate.

The PSEi inched up by +0.11% to close at 6,126.89, holding slightly above the 6,100 support zone.

Another range-bound session is seen, as market investors await for other catalysts to support positioning.

Another range-bound session is seen, as market investors await for other catalysts to support positioning.

The PSEi ended on the green by +0.34% coming-off of yesterday’s drop.

Expect choppy trades as participants weigh the market’s response to yesterday’s Congressional Committee hearing on DPWH’s flood control projects.

Recovery is seen, as participants take their cue from improving expectations for policy easing from the Fed.

Rising expectations for a Fed rate cut may support advances this week.

The PSEi went back towards the 6,100 level, offering some relief despite equities remaining under pressure from persistent bearish sentiment.