PSE Market Outlook (10 Feb 2023) by Regina Capital Development Corp.
Based on its price action, the PSEI could easily visit the 6,700 level again amid the lack of buying pressure.
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 gaugeās move back to the 7,000 mark.
Hereās a commentary on an important issue or event affecting the stock market
Hereās a commentary on an important issue or event affecting the stock market
Hereās a commentary on an important issue or event affecting the stock market
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Investors might want to wait a little further before reentering when the index already stabilizes.
Investors might debate on the local central bankās 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.
Our recommendation and 1-year Target Price for this stock is
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 Fedās 25bps rate hike.
Hereās a commentary on an important issue or event affecting the stock market
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