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Local investors’ attention might focus on the East of Malampaya field gas discovery announcement of PBBM, that could put select oil-related counters on spotlight.

The PSEi rose 1.8% w/w, closing at 6,464.67 (+116.53 points), and is currently moving within an ascending channel that reflects sustained bullish momentum.

Movements would likely be range-bound, with fund managers off to their extended weekend break in the US.

The index rebounded after a pullback from previous resistance levels, closing +1.53% higher while staying above key moving averages signaling a sustained uptrend.

Participants will monitor the PSEi’s movement past 6,500, as others might seize on this strength to cash-out.

Participants will monitor possible selling pressure on intra-day strength, to gauge the strength of the next resistance hurdle for local equities.

The index eased to −0.17% after its three-day rally closing at 6,408.76 while staying comfortably above key moving averages and signaling an intact bullish bias.

Movements might stay range-bound for now, possibly with a plus-side boost, as fund managers position in key large-caps.

Gauges might be poised for slight technical breathers, given its ascent the previous sessions.

The PSEi rose 3.5% w/w, closing at 6,348.14 (+213.1 pts).