Market Outlook

Participants might err on the side of caution, with yesterday’s sell-off.

Expect volatility with the month-end portfolio closing while participants heed for 3Q earnings releases and guidance for 4Q and 2025.

The PSEi dipped by 1.37% w/w, closing at 7,314.23 (-101.50 pts).

The PSEI closed at 7,283.79 yesterday, down -1.14% intraday, losing its grip on the recent upward trend.

Having fallen below 7,300, market participants might bid for time for the gauge to stabilize, possibly above the 7,200 zone.

Another subdued session might prevail, as participants heed for other catalysts to support positioning, while monitoring the effects of the current typhoon.

The PSEI closed at 7,413.16 (+0.09%), exhibiting a sideways trend.

Another subdued session is seen, as participants’ attention is swayed by developments on the typhoon within the area of Philippine responsibility.

Subdued sessions may continue, as some investors check on momentum improvement prior to positioning.

Sentiment could sway to optimism in the region, following latest steps taken by China to boost growth in its economy.

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.