August 18, 2025 | 12:00am
MANILA, Philippines — The native inventory market will look for a clearer course this week, with traders doubtlessly scouting for bargains given the market’s enticing ranges.
Regardless of ending increased at 6,315.93 final Friday, the benchmark Philippine Inventory Alternate index slipped by 0.37 p.c week-on-week.
“Revenue-taking took over final week as native financial considerations weighed on sentiment. The native market has been alternately shifting between good points and losses for 10 weeks already as traders stay indecisive of its course,” Philstocks Monetary analysis supervisor Japhet Tantiangco mentioned.
“From a technical standpoint, the native market remains to be bearishly biased because it continues to kind decrease highs. As well as, the market is now having a troublesome time in taking place above its 10-day and 50-day exponential shifting averages, implying that resistances could already be forming on the mentioned strains,” he mentioned.
Tantiangco mentioned {that a} robust rally will not be anticipated this week until recent constructive leads emerged.
“Buyers are nonetheless anticipated to keep up a cautious stance whereas ready for brand spanking new catalysts,” he mentioned.
Unicapital Securities head of analysis Wendy Estacio-Cruz mentioned the subsequent Bangko Sentral ng Pilipinas financial coverage assembly on Aug. 28 is seen as a key home catalyst.
She mentioned that the index is predicted to commerce between 6,300 and 6,500 this week.
“Market will proceed on vary buying and selling mode given underwhelming earnings outcomes for some huge native listed names andreduced odds of a Fed reduce in September primarily based on elevated US inflation,” First Metro Funding Corp. head of analysis Cristina Ulang mentioned individually.
Within the close to time period, Reyes Tacandong & Co. senior adviser Jonathan Ravelas mentioned the market remains to be seen shifting sideways inside the 6,000 to six,500 as traders look forward to developments that would affect the general market pattern.
