Market Outlook

The index closed lower, down 0.73%, as it moves marginally below key moving averages.

Profit-taking may continue, as sentiment glides with headlines on the Middle East.

Recovery is likely to continue, having come off from its recent high, on supply situation assurances from fiscal and global authorities.

The index rebounded +2.01%, after a sharp drop and attempts to reclaim MA100 overhead resistance, stabilizing near key moving averages after a strong intraday recovery.

Market participants may get feelers for possible rebound, given Pres. Trump’s latest word that the conflict in Iran could end sooner.

The PSEi plunged by 4.40% w/w to 6,320.41 (-290.83 pts), below 20-day and 50-day moving average, while MACD has also crossed below the signal line indicating a bearing momentum.

Profit-taking may continue, as market participants assess fiscal guidance on near-, medium- & long-term contingencies to address volatile crude oil prices.

The index closed at 6380.53, up by 1.15%, rebounding as it remains within the short-term pullback.

Expect volatility, with WTI crude advancing above $80/barrel.

Volatility may continue, as market participants size-up fiscal preparations from the US/Israel-Iran conflict.

The index edged up +0.29% higher after retracing into previous breakout levels, hovering above key moving averages.

Another range-bound session is seen, as market participants debate on the extent of the ongoing conflict in US/Israel-Iran.

The index closed at 6625.46, up 0.08%, as it continues its 4-day uptrend, trading comfortably above key moving averages.

Expectations of improved economic momentum for 2026 might aid increased buying at the local bourse, alongside possibilities for additional monetary plus fiscal stimulus.

Rises may continue, given the solid momentum build-up in net foreign buying for local equities.