The Gist
News and Features
Global Philippines Fine Living
Insights
INVESTMENT STRATEGY
Economy Stocks Bonds Currencies
THE BASICS
Investment Tips Explainers Retirement
Webinars
2024 Mid-Year Economi Briefing, economic growth in the Philippines
2024 Mid-Year Economic Briefing: Navigating the Easing Cycle
June 21, 2024
Investing with Love
Investing with Love: A Mother’s Guide to Putting Money to Work
May 15, 2024
retirement-ss-3
Investor Series: An Introduction to Estate Planning
September 1, 2023
View All Webinars
Downloads
economy-ss-9
Economic Updates
Quarterly Economic Growth Release: 5.4% Q12025
DOWNLOAD
investment-ss-3
Economic Updates
Policy rate views: Uncertainty stalls cuts
DOWNLOAD
grocery-2-aa
Economic Updates
Inflation Update: BSP poised for a string of rate cuts as inflation cools
DOWNLOAD
View all Reports
Metrobank.com.ph Contact Us
Follow us on our platforms.

How may we help you?

TOP SEARCHES
  • Where to put my investments
  • Reports about the pandemic and economy
  • Metrobank
  • Webinars
  • Economy
TRENDING ARTICLES
  • Investing for Beginners: Following your PATH
  • On government debt thresholds: How much is too much?
  • Philippines Stock Market Outlook for 2022
  • No Relief from Deficit Spending Yet

Login

Access Exclusive Content
Login to Wealth Manager
Visit us at metrobank.com.ph Contact Us
Access Exclusive Content Login to Wealth Manager
Search
The Gist
News and Features
Global Philippines Fine Living
Insights
INVESTMENT STRATEGY
Economy Stocks Bonds Currencies
THE BASICS
Investment Tips Explainers Retirement
Webinars
2024 Mid-Year Economi Briefing, economic growth in the Philippines
2024 Mid-Year Economic Briefing: Navigating the Easing Cycle
June 21, 2024
Investing with Love
Investing with Love: A Mother’s Guide to Putting Money to Work
May 15, 2024
retirement-ss-3
Investor Series: An Introduction to Estate Planning
September 1, 2023
View All Webinars
Downloads
economy-ss-9
Economic Updates
Quarterly Economic Growth Release: 5.4% Q12025
May 8, 2025 DOWNLOAD
investment-ss-3
Economic Updates
Policy rate views: Uncertainty stalls cuts
May 8, 2025 DOWNLOAD
grocery-2-aa
Economic Updates
Inflation Update: BSP poised for a string of rate cuts as inflation cools
May 6, 2025 DOWNLOAD
View all Reports
BusinessWorld 3 MIN READ

PSEi may move sideways amid lack of leads

April 16, 2023By BusinessWorld
Related Articles
BSP may pause tightening — Diokno March 20, 2023 SEC proposes revised fee plan for registrants August 4, 2023 Stocks climb on positive data, Wall Street’s rise July 24, 2024

PHILIPPINE stocks are expected to move sideways this week as investors await leads amid worries of a possible recession in the United States and more rate increases by the US Federal Reserve.

The benchmark Philippine Stock Exchange index (PSEi) gained 0.51% or 33.04 points to close at 6,481.91 on Friday, “as investors cheered more signs of cooling inflation in the US,” Philstocks Financial, Inc. Research Analyst Claire T. Alviar said in a Viber message.

The broader all-share index went up by 0.41% or 14.25 points to 3,480.77. Week on week, the PSEi shed 0.1% or 6.6 points.

US inflation picked up to 5% in March — slowest in almost two years — from 6% a month earlier, according to the Bureau of Labor Statistics.

Stocks would probably move sideways this week in the absence of fresh leads, Jovis L. Vistan, vice-president at AB Capital Securities, Inc., said in a Viber message at the weekend.

“The market will continue to move on the same narrative of high inflation, interest rates, and US recession concerns,” he said. “This will keep buyers at bay.”

Stocks would likely trade narrowly “as market participants continue to take cues from developments in the US,” Toby Allan C. Arce, head of sales trading at Globalinks Securities and Stocks, Inc. said in a Viber message.

Concerns of a possible recession resurfaced after minutes from the US Fed’s March policy meeting showed that several members of the Federal Open Market Committee were worried about the failure of two regional banks.

They said a “mild recession” might be possible, with a recovery in 2024-2025.

Mr. Arce said Fed officials had cited the need for further rate increases to curb inflation.

“The hawkish remarks are likely to push investors to increase their bets on further Fed monetary policy tightening ahead, just as data showed signs the US economy is slowing but not fast enough to stop the Federal Reserve from raising interest rates again in May,” he added.

The Fed raised key interest rates by a quarter of a percentage point last month to 4.75%-5%. It has raised rates by 475 basis points since March 2022.

The next Fed meeting is on May 2-3.

Overseas remittance data due on Monday could “show some residual uptick given the favorable exchange rate, but these are likely to be offset by the higher costs of living in both the host and recipient countries,” Mr. Arce said.

He placed the PSEi’s support at as high as 6,394 and resistance at as high as 6,645. Mr. Vistan put support at 6,439 and resistance at 6,640 points.– By Adrian H. Halili

This article originally appeared on bworldonline.com

Read More Articles About:
Worldwide News Philippine News Rates & Bonds Equities Economy Investment Tips Fine Living

You are leaving Metrobank Wealth Insights

Please be aware that the external site policies may differ from our website Terms And Conditions and Privacy Policy. The next site will be opened in a new browser window or tab.

Cancel Proceed
Get in Touch

For inquiries, please call our Metrobank Contact Center at (02) 88-700-700 (domestic toll-free 1-800-1888-5775) or send an e-mail to customercare@metrobank.com.ph

Metrobank is regulated by the Bangko Sentral ng Pilipinas
Website: https://www.bsp.gov.ph

Quick Links
The Gist Webinars Wealth Manager Explainers
Markets
Currencies Rates & Bonds Equities Economy
Wealth
Investment Tips Fine Living Retirement
Portfolio Picks
Bonds Stocks
Others
Contact Us Privacy Statement Terms of Use
© 2025 Metrobank. All rights reserved.

Read this content. Log in or sign up.

​If you are an investor with us, log in first to your Metrobank Wealth Manager account. ​

If you are not yet a client, we can help you by clicking the SIGN UP button. ​

Login Sign Up