PSE Market Outlook (5 May 2025) by 2TradeAsia
Market’s attention might sway to the Fed’s policy move on 06-07 May meeting, plus the release of Philippine 1Q GDP on 08 May.
Market’s attention might sway to the Fed’s policy move on 06-07 May meeting, plus the release of Philippine 1Q GDP on 08 May.
After a period of sideways movement, BPI surged by +5.26%, breaking well above major moving averages.
SMPH has been on a steady upward trajectory, rising by +6.33% and trading comfortably above its 50-MA and 100-MA.
Following two days of declines, MBT made a strong rebound, soaring by +6.51% and breaking above all key moving averages.
Following the doji from the previous day, the index gained +1.64%.
Sentiment might take its cue from expectations for possible 100bps rate cut from the Fed following frail 1Q GDP in the US (-0.3%).
AP remains under short-term bearish pressure, with price action rejecting a key resistance near 39.00 and retreating toward support around 36.50.
BDO gains +3.34% after huge sell-off on yesterday’s session, stock remains to trade above key MAs maintaining buy pressure.
URC gains strong bounce closing at 84.70 (+5.22%).
The index wrapped up the session relatively flat closing at 6,252.19 (+0.04%).
Gauges might finish on the plus-side, with latest headlines on tariff relief packages for the US auto industry, & Fitch’s affirmation of investment grade on the Philippines.
Our Target Price for ICT is
Our recommendation and 1-year Target Price for this stock is
Our Target Price and recommendation for this stock is
Our Target Price and recommendation for this stock is
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