A recent report by First Metro Securities Brokerage and Singapore’s DBS Bank increased its year-end 2023 “base case” for the PSEi to 6,850, with a further upside target of 7,400 as relatively inexpensive market valuations “are becoming hard to ignore”.

Source: https://business.inquirer.net/415656/experts-predict-reversal-of-stock-market-downtrend

By the closing bell, the PSEi rose 0.84 percent, or 56.84 points, to 6,800.96 while the broader All Shares index added 0.38 percent, or 13.86 points, to 3,621.

Source: https://business.inquirer.net/387683/psei-bounces-as-support-level-holds-2

Colet sees PSEi trading between the 6,000 and 6,200 territory this week.

Source: https://business.inquirer.net/422782/erratic-equities-trading-expected-following-rate-hike-signal

For example, the PSEi Index is trading at only 15x 2023 P/E, well below its 10-year historical average P/E of 18X.

Source: https://business.inquirer.net/386267/why-em-stocks-are-doing-well

MANILA -Investors cheered as the US government moves to wrap up discussions on the debt ceiling, with the Philippine Stock Exchange Index (PSEi) returning to green territory on Monday.

Source: https://business.inquirer.net/403191/investors-cheer-prospective-us-debt-cap-deal

MANILA -The pessimism ruling over Wall Street due to the United States’ AAA rating being placed on negative rating watch amid the debt ceiling issue spilled over to the local bourse, pulling down the Philippine Stock Exchange index (PSEi) on Thursday.

Source: https://business.inquirer.net/402665/psei-down-on-us-debt-ceiling-standoff-jitters

Meanwhile, key support zones for the PSEi were from 6,850 to 6,650 then 6,400 to 6,200, said Juanis Barredo, chief technical analyst at COL Financial Group Inc.

Source: https://business.inquirer.net/385150/7000-a-critical-spot-as-inflation-dogs-ph-stock-investors

The benchmark PSEi climbed by 0.19 percent, or 12.39 points, to close at 6,615.95 while the All-Shares index slid 0.06 percent, or 2.06 points, to finish at 3,525.

Source: https://business.inquirer.net/402472/bargain-hunting-lifts-ph-shares-after-two-day-decline

The Philippine Stock Exchange index (PSEi) started the week in the red territory as investors fled the local bourse due to souring sentiment amid indications of another policy rate hike.

Source: https://business.inquirer.net/388666/psei-tumbles-as-bsp-makes-case-for-another-rate-hike

The PSEi slumped 0.64 percent, or 41.71 points, to 6,479.93 while the broader All Shares index declined 0.48 percent, or 16.86 points, to 3,469.

Source: https://business.inquirer.net/404166/equities-investors-sell-on-good-inflation-news

The PSEi was at risk of revisiting the 6,000 to 5,700 levels in the short term before bargain hunters step in, Jonathan Ravelas, senior adviser at Reyes Tacandong & Co., said.

Source: https://business.inquirer.net/418005/psei-susceptible-to-falling-below-6000-says-analyst