PSE Market Outlook (17 Dec 2024) by 2TradeAsia
Market participants may continue to seek for clues if local gauges would bolt out from its flattish trend, pending the Fedās guidance on sequel policies onto early 2025.
Market participants may continue to seek for clues if local gauges would bolt out from its flattish trend, pending the Fedās guidance on sequel policies onto early 2025.
KEEPR continues its upward trend, maintaining its support level at P2/sh.
PLUS has demonstrated significant strength, trading near its resistance level of 25.15.
Participants may monitor possible āgood cheersā this week, as expectations build for the Fedās 25bps rate cut, as well as from local monetary authorities.
CNPF continues its rally, trading above all major moving averages and surging by +4.90% intraday.
BPI surged by +3.54% intraday, marking a strong bullish session that continues its climb over the past few days.
AREIT attempts to retest to the 40.00 level.
The PSEi ended slightly lower by 0.02%, settling near the 6,600 level.
Eyes are set whether the PSEi would break its monotonous stance, as investors check on continuity of supply pressure.
Our Target Price and recommendation for this stock is
Hereās a commentary on an important issue or event affecting the stock market
Our recommendation and 1-year Target Price for this stock is
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
Just signup below for free: