PSE Market Outlook (12 Feb 2025) by 2TradeAsia
Buyers might bid for time until sessions break-away from the usual solid opening, only to meet supply pressure in the process.
Buyers might bid for time until sessions break-away from the usual solid opening, only to meet supply pressure in the process.
Renewed positioning might be in store for local equities, as buyers aim for the 6,000 mark.
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Our recommendation and 1-year Target Price for this stock is
Our Target Price and recommendation for this stock is
Take advantage of the price opportunity that might arise when the news hits. Trade the news!
Take advantage of the price opportunity that might arise when the news hits. Trade the news!
Take advantage of the price opportunity that might arise when the news hits. Trade the news!
The PSEi surged above its 6,000 support ending the week up 4.99% w/w at 6,154.99 (+292.40 pts).
Focus is set on MSCI’s basket review, that would be balanced by rate cut expectations from local monetary policy makers’ meeting this week.
GLO gained +1.86% intraday, testing resistance levels during its previous session.
AP surges by 5.82%, closing at 42.75, trading above all key MAs.
The PSEi decreased by -0.62%, closing at 6,241.97, trading below MA levels.
Sessions might be range-bound, as participants monitor stabilization above 6,200.
Having recouped its poise above the 6,000 zone, investors will continue to monitor possible revert to 6,500-6,800, although some could seize on this strength to cash-out given volatile headlines on tariff-related issues & sequels to impeachment headlines at home.
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