Welcome to PinoyInvestor!

The PSEi inched up by +0.20% w-o-w, hovering above the 6,600 support level as well as key moving averages (20-day, 50-day, 100-day, and 200-day).

Gauges might stabilize above the 6,600 mark for now, as participants monitor developments at the crude market and its impact to inflation.

Market watchers are expected to watch local gauges’ climb towards 6,700 as fund managers check on continuity of wider net foreign buying & accelerated momentum via improved turnover.

Sentiment might sway to Wall Street’s strong advance (DJIA +0.58%, Nasdaq Comp. +2.2%), as momentum builds for less-restrictive monetary policies.

Second-wind response to tamer inflation for December (3.9% vs. Nov.’s 4.1%) might be seen, as participants carefully monitor the PSEi’s return to the 7,000 zone (achieved last 23 Jan. 2023).