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The local bourse continues to trade flat on further market indecision marked by RSI’s neutral reading of 52.09.

Another range-bound session is seen, with eyes set on energy agencies’ move to address the electricity situation.

The local bourse booked its third losing streak closing -0.25% as the broader trend remains rangebound, while continuing to trade beneath key moving averages.

Market participants will be heeding for various accord from the ASEAN summit, especially on bilateral pacts that reinforces security of staple supplies.

The PSEI closed at 6034.27 (+1.12%) as the index attempted to stabilize after a recent stretch of weakness, with recent candles resembling a modest rebound cluster near short term support.

Eyes are set whether local gauges would continue its upward trek, or pause for technical breathers.

Sentiment might take its cue from Wall Street’s overnight advance, on optimism for resolution to US-Iran rift.

The index closed -0.74% lower after a modest rebound, remaining below key moving averages as the local bourse prompted selling amid inflation figures.

The market may get feelers on participants’ reaction to April’s 7.2% inflation (four-month average of 3.9%), including BSP’s sequel action to control higher consumer prices.