Market Outlook

The PSEI failed to maintain itself at the 6,200 level and ended with a -0.52% intraday loss, stuck below its long-term moving averages.

Movements may remain range-bound for now, pending other catalysts that could support aggressive positioning from buyers.

Sentiment might take its cue from US equities’ incline, as Trump’s administration takes on measured approach on tariffs against its trading partners.

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

Expect volatility this week, with the quarter-end portfolio closing.

The PSEi surged to 6,323.13, posting a + 0.16% intraday gain continuing its increase in price past the 6,300 level.

Local sessions may continue with its recent trend, as fund managers with cash reposition in key stocks poised for rebound.

With the Fed’s status quo on interest rates factored into prices, market participants might build on expectations for BSP to resume its rate easing cycle this April.

The PSEI slips -0.34% but maintains its upward trend, finding dynamic support at the 50-day MA.

Movements may continue to remain range-bound, as participants heed for results from the Fed’s policy meeting & other indicative directions from local monetary policy makers.

Similar movement of solid opening followed by range-bound pattern is seen for equities, as most fund managers reposition cash in select oversold index shares.

Gauging from the recent trend in net foreign buying position, gauges might be poised to affirm its strength within 6,400-6,500, possibly on gradual mode.

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 inched higher by +0.76% intraday, attempting to regain momentum as it now holds above its short-term MA.

Given US markets’ renewed slump, expect volatility from the latest traderelated issues within the wines/spirits market.