September 1, 2025 | 12:00am
MANILA, Philippines — Traders will proceed their seek for main catalysts this week to doubtlessly reverse the bearish sentiment within the native inventory market.
The benchmark Philippine Inventory Trade index (PSEi) completed within the crimson zone final Friday at 6,155.57, or 2.01 % decrease week-on-week.
“The native market is already on a three-week decline displaying that bearish sentiment is at present in management. Confidence is tepid amid a blended bag of second quarter company outcomes, new US tariff threats and uncertainties over the native economic system’s outlook,” Philstocks Monetary analysis supervisor Japhet Tantiangco stated.
On a optimistic observe, Tantiangco stated the bourse was in a position to maintain its help at 6,150.
He stated the market’s main help stays at 6,150, with main resistance seen at 6,400.
“Sideways to down motion stays the important thing bias regardless of the latest charge cuts by the Bangko Sentral ng Pilipinas. Traders nonetheless ready for developments that might present impetus to rally,” Reyes Tacandong & Co. senior adviser Jonathan Ravelas stated.
First Metro Funding Corp. head of analysis Cristina Ulang stated the rebalancing outflows are apparently nonetheless enjoying out, with the PSEi persevering with in correction mode.
“This week, there could possibly be a technical bounce as market expects benign inflation for August and extra labor market weak point within the US justifying a September Fed charge reduce,” she stated.
Unicapital Securities Inc. fairness analysis analyst Peter Garnace, for his half, stated the market would take its cue from key financial knowledge within the coming days, particularly the US core PCE worth index, which can present hints on the potential coverage path of the US Federal Reserve of their September assembly.
Domestically, he stated buyers would place forward of the discharge of inflation knowledge on Sept. 5.
Garnace stated the market is seen buying and selling between 6,100 and 6,300 this week.
