Market Outlook

Activity might stay range-bound, as the market builds a sturdier base above the 7,000 zone.

Participants might get feelers on local gauges’ sequel ascent, especially with weak US retail sales & factory production data in December.

The local bourse managed a feat that took us all by surprise this week! It broke out of the crucial, psychological 7k resistance and was actually

Another range-bound trend might be seen, with possible last-minute boost on select large caps.

Sideways movements are seen, as participants heed for other catalysts that would support sequel ascents.

At this point, the only thing that we need to be wary about is

The PSEi surged anew complemented by strong volume. The market is now heading towards

Sequel rallies are seen, following Friday’s strong incline led by large caps.

Participants might take their lead from the latest month-on-month slide in US consumer prices, which would support

Overall, the main tide would center on inflation data in the US, which is seen to slow following prior months’ advance.

As expected, the local bourse pulled back after once again teasing the 6,800.00 resistance—which further

Sessions may gyrate, as participants balance the prospects for improved business resumption that would support growth, against

Indicators are still slightly bullish, but the buying pressure is losing daylight.

However, the 6,800 level once again acted as a resistance with the market quickly pulling back to the 6,600 level.

Yet, with inflation still on the radar screen, expect some to seize on intra-day strength to