Market Outlook

Local equities might take its cue from Wall Street’s ascent, mainly on improved retail sales growth for January.

Peeking at the indicators, the RSI is pointing downwards, while the MACD sustained its

Investors would be on the lookout if supply pressure would prevail, ahead of local monetary authorities’ policy meeting this week.

Should the stocks rally in the following trading days, this could be a good time to

Positive tone may prevail, on investments outcome from PBBM’s state visit in Japan.

The market pulled back anew but has managed to stay above 6,800.

Based on its price action, the PSEI could easily visit the 6,700 level again amid the lack of buying pressure.

Another volatile session might prevail, as market participants monitor the main gauge’s move back to the 7,000 mark.

Investors might want to wait a little further before reentering when the index already stabilizes.

Investors might debate on the local central bank’s next policy move, as the market fully digests higher inflation print for January.

Unable to keep its head above the 7,000 line, participants will monitor continuity of supply pressure before moving within good trading windows in key index shares.

Should the stocks rally in the following trading days, this could be a good time to

The 6,800 level proved to be a support area last week as the market managed to bounce from said level and closed the week at above 7,000.

Market participants might check if the recent selling would continue, or whether buyers would seize on this buying window to reposition.

Sessions may continue to rally, which would come from the anticipated Fed’s 25bps rate hike.