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Participants are seen to monitor possible breakaway from the local bourse’s flattish trend, sifting through catalysts that could pump-up buy actions.

The PSEi remains on 6,700 closing at 6,734.21, down -0.13% intraday, remaining below its 50, 100, and 200-day MAs.

Fund managers’ attention might turn to the forex mart, considering headline news in the region (i.e., South Korea & China).

Expectation build-up for a December rate cut from the Fed might support buy positions in local equities.

The PSEi failed to climb above the 200-day-MA and declined by 2.45% w/w to close at 6,613.85 (-166.28) amid heavy foreign selling.

Local investors will be on a wait-and-see mode, to check if supply pressures have softened, as several heed for prospective recovery rallies given the local bourse’s recent weakness.