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The PSEI continues to trade below all its moving averages, closing down by -1.20% intraday.

Further monitoring on continuity of prior session’s supply pressure is expected, as gauges settle at a comfortable zone.

Eyes are set whether local gauges would continue with its positive momentum, as buyers aim for good entry points in select oversold shares.

Continued advance is likely to be supported, as sentiment might glide to US equities’ Friday rise.

The PSEi continued its recovery to the 6,600 level to start the year on a positive note, rising by 1.15% and closing at 6,603.81 (+75.02).