PSE Market Outlook (21 Dec 2022) by Regina Capital Development Corp.
The local index snapped its three-day losing streak while, at the same time, managing to settle well above the 6,400 mark.
The local index snapped its three-day losing streak while, at the same time, managing to settle well above the 6,400 mark.
Focus will be on continuity of yesterday’s rise, as participants balance the surprise change in Bank of Japan’s (BoJ)
GTCAP has fallen from selling pressure, down 8.57% since December 7, and closed in the red once again last Friday at PHP 412.00.
The index closed last trading week with a spinning top candle after trading mostly sideways.
Base levels will be tested for bulk of trading sessions this week, following the PSEi’s move below the 6,500 mark.
Light sessions are seen, as some buyers might remain at bay pending reactions to Wall Street’s overnight descent (DJIA -2.25%, Nasdaq Comp. -3.23%).
Sentiment might glide to Wall Street’s weakness (DJIA – 0.42%, Nasdaq Comp. -0.76%), given the Fed’s indicative rate hike in 2023.
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
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
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