After experiencing a significant rally of as much as 43% and reaching its highest level in 7 years at 4.20, APX’s share price pulled back and entered a consolidation phase.
Sentiment might take its cue from Wall Street’s ascent, as hopes for the Fed rate cut was supported by the latest jobs data.
Similar movements might be seen Tuesday, with sessions moving within range, capped by final-minute boost.
Here’s an update to the stock composition of the three new model portfolios!
Continuity of Friday’s MOC-boost is seen to continue, with the backdrop of lessrestrictive monetary policies later this year.
The PSEi dropped by 2.82% w/w to close at 6,433.10 (-186.79 pts).
MBT has broken down from its 50-day EMA support at 67.50 yesterday to close at 65.05, shedding 2.91%.
Expect volatility with the month-end portfolio closing, parallel to US markets’ overnight decline with their latest 1Q GDP.
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
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 DNL is
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