Market Outlook

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

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

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

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.

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

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

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

Another upbeat tone is in store for local equities, as overseas fund managers take interest in China’s stimulus measures, alongside the Fed’s sequel rate cuts.

Investors might monitor continuity of yesterday’s breather, as gauges firms up on a solid base to support stronger rallies.

We’re pushing peaks as the index closed at 7432.21 (+0.24%) yesterday.

Hints for possible tempered inflation in September plus S&P Global Ratings’ rate cut outlook on the Philippines may support advances.

With just a few points shy from the 7,500 zone, participants are likely to take on feelers whether some might seize on this strength to cash-out, while monitoring the depth of positioning on intra-day dips.