First Metro Securities

The PSEi found direction after trading sideways last week, slipping 119.31 pts to 6,147.44 (-1.90% w/w).

The PSEi ended flattish at 6,266.75 (-0.43% w/w), with the index moving sideways throughout the week.

The PSEi slipped to 6,294.11 (-0.07% w/w), shedding a modest 4.18 pts but holding above the 20-day and 50-day moving averages.

The PSEi surged above its 6,000 support ending the week up 4.99% w/w at 6,154.99 (+292.40 pts).

The PSEi slid below its 6,400 support, driven by heavy foreign selling, ending the week down 2.22% w/w at 6,352.12 (-144.20 pts).