PSE Market Outlook (16 Dec 2024) by 2TradeAsia
Participants may monitor possible ‘good cheers’ this week, as expectations build for the Fed’s 25bps rate cut, as well as from local monetary authorities.
Participants may monitor possible ‘good cheers’ this week, as expectations build for the Fed’s 25bps rate cut, as well as from local monetary authorities.
CNPF continues its rally, trading above all major moving averages and surging by +4.90% intraday.
BPI surged by +3.54% intraday, marking a strong bullish session that continues its climb over the past few days.
AREIT attempts to retest to the 40.00 level.
The PSEi ended slightly lower by 0.02%, settling near the 6,600 level.
Eyes are set whether the PSEi would break its monotonous stance, as investors check on continuity of supply pressure.
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