Market Outlook

The PSEI fell by -0.34% intraday, struggling to gain momentum after bouncing off recent lows.

The market may stay range-bound as investors digest recent earnings and global cues.

Sessions may remain choppy as investors gauge the momentum of today’s rebound.

PSEi continues sideways, wherein its intraday price slips by -0.52%, closing at 6,064.16, with stock remaining below all key MAs.

Investors will be weighing general response to the local central bank’s surprise move to cut banks’ reserve requirement by 200bps to 5%, versus Wall Street’s weaker trail Friday.

After recent attempts at recovery, the PSEI slipped by -0.87% intraday.

Range-bound session is seen, as participants monitor supply pressure on rallies.

Eyes are set whether local gauges would continue to advance to a higher range, as investors monitor the release of 2024 corporate earnings.

Market investors will stay glued on continuity of yesterday’s rally, with special emphasis on select large-caps that primed the ascent.

Light sessions might prevail, with foreign fund managers on their extended weekend break with the Presidents’ Day holiday.

Sessions might be range-bound, as participants heed for macro catalysts to counter supply presence on rallies.

The PSEi increased by +1.14%, closing at 6,113.19.

Local participants would check on possible rises to 6,200, given the recent recovery, as others monitor supply availability on rallies.

Attention is on BSP’s policy meeting, with consensus for possible 25bps rate cut.

The PSEi remains under pressure, declining by -0.82% intraday and slipping below the 6,000 mark once again.