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The index has been moving sideways these past few days although it seems that the bears are beginning to take over as consecutive red candles fill the chart.

The mood could sway to Wall Street’s sharp decline, but several are likely to seize on this opportunity to position.

Light trades may persist, with some fund managers on the US Labor Day holiday.

The PSEi slipped by 0.93% w/w to close at 6,897.54, snapping a three-week winning streak after failing to breach the 7,000 level.

Expectations for slower August inflation would strengthen expectations for policy easing from BSP, supporting deceleration in business costs.