Market Outlook

The PSEi rose by 1.44% w/w, closing at 7415.73 (+105.41pts).

The PSEI closed at 7,400.33, down -0.49%, exhibiting a sideways trend.

Similar trading pattern is seen, with local gauges touching intra-day highs and some investors seizing on this strength to profit-take.

Market participants might cheer BSP’s move to lower its benchmark rate by 25bps to 6%, supporting expectations for reduced borrowing costs for the remainder this year.

Market participants would monitor advances towards 7,550, as some position ahead of results from BSP’s policy meeting.

Sessions might be range-bound for now, as participants await on 4Q & 2025 earnings guidance, on top of the release of 3Q corporate results.

The PSEi snapped its 5-week winning streak to plummet by 2.11% w/w, closing at 7310.32 (-157.60pts).

Sentiment may take its cue from Wall Street’s overnight ascent, following delivery of strong 3Q earnings from banks.

Expect a tussle between buyers and sellers at 7,300-7,500 range, which should strengthen a new base for higher levels.

Participants may take their cue from Wall Street’s incline, while others check for possible continuation of some supply pressure.

Eyes are set on continuity of yesterday’s advance, as some players might seize on this strength to cash-out.

The index was trading bullish closing at high 7400s region after a sell-off on opening of last week as investors begin to take profits at opening day whilst weighing lower inflation expectations.

Sentiment might glide to Wall Street’s ascent, on latest jobs addition data, while follow-through buying takes support from September’s inflation trend.

The PSEi inched higher by 0.53% w/w to register another 52-week high at 7,467.92 (+39.62pts).

Activity might be range-bound for now, given yesterday’s sell-off.