PSE Market Outlook (15 Apr 2024) by 2TradeAsia
Market participants will monitor continuity of Friday’s supply pressure, especially with softer gauges from Wall Street & crude’s ascent as a result of geopolitical headlines.
Market participants will monitor continuity of Friday’s supply pressure, especially with softer gauges from Wall Street & crude’s ascent as a result of geopolitical headlines.
The outlook for MER stock prices has been uncertain for traders, as the market has been staggering within the 350.50-376.90 range.
The heavy selling pressure dragged ALI’s price to 28.50 during the market open, touching its intraday low of 27.60.
GTCAP has caught the attention of the bears. The stock fell -3.58% to 674.00 trailing only behind ALI as one of the most heavily hit stocks today.
The index finds itself deep into a downward trend as the index falls for its sixth straight day.
Recovery angles are seen, as the PSEi reverts back to 6,800-6,850 zone.
Here’s a commentary on an important issue or event affecting the stock market
Here’s a commentary on an important issue or event affecting the stock market
Here’s a commentary on an important issue or event affecting the stock market
Our Target Price and recommendation for this stock is
Our recommendation and 1-year Target Price for this stock is
Our recommendation and 1-year Target Price for this stock is
Our Target Price and recommendation on CEB
ALI’s share price has been on a downtrend since reaching a peak at 37.65 on Feb 23, losing as much as 18%.
Comparative inflation is slowing, as 1Q24 average was at 3.3%, compared to 1Q23’s 8.3% and 4Q23’s 4.3%.
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