PSEi seeks to sustain positive momentum

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December 15, 2025 | 12:00am

MANILA, Philippines — The local stock market is betting on one final run as the year draws to a close, hoping that the momentum from last week’s rate cuts delivered by the US Federal Reserve and the Bangko Sentral ng Pilipinas (BSP) will be carried over this week.

The benchmark 30-company Philippine Stock Exchange index (PSEi) finished strongly last Friday at 6,036.72, gaining by 1.47 percent week-on-week.

2TradeAsia.com said the local bourse reclaimed the crucial 6,000 level as investors cheered the double rate cut catalyst from both the BSP and the Fed.

This week, the online brokerage said holiday liquidity may lift sentiment.

“Central bank easing globally and locally underscores a pivot to growth support, yet divergent paths – Fed caution versus BSP aggression – signal selective opportunities in a fragmented recovery,” it said.

2TradeAsia.com sees immediate index support at 5,800, while resistance is at 6,000.

Philstocks Financial research manager Japhet Tantiangco, however, said sustaining position above the 6,000 level remains questionable amid lingering concerns and challenges over the country’s economic growth outlook.

“The local market may test the validity of its breach of the 6,000 line. If it manages to hold its position above the said level, 6,000 will serve as its new support while its next resistance is seen at 6,150,” he said.

Aside from the 6,000 level, Tantiangco said the local market has also gotten past its 50-day exponential moving average, making short run technical indications bullishly biased so far.

As of last Friday, he said the local market was trading at a price-to-earnings ratio of 10.1x, which is below its last five years’ average of 17.3x and shows that the local market is still at bargain levels.

Tantiangco said investors were still expected to assess the local economy’s outlook in the coming days.

“While the latest monetary policy easing provides additional support, tempered consumer and investor confidence amid lingering corruption concerns may continue to weigh on economic activities. Investors are also expected to watch out for fresh leads for clues,” he said.