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Eyes are set on the revised PSEi member-basket, with possible rotation into stellar sectors (i.e., gaming, industrials, mining/oil).

The PSEi slipped by -0.09% to close at 6,364.69.

Market watchers would check on overall reception to better-than-expected 2Q GDP of +5.5% (vs 1Q’s +5.4%), as several heed for BSP’s sequel direction on its policy easing cycle.

Anticipation on the release of 1H GDP may prod positioning in equities, partly with support coming from the agri sector.

Market participants might laud July’s tamer inflation, that is seen to widelysupport policy easing on domestic interest rates.

Momentum may continue, as participants position in bargain shares with solid prospects for 2H.

The PSEi slipped 1.67% w/w to 6,306.13 (-107.05 pts), erasing all its gains from last week and falling below all key moving averages.

Resumed positioning is seen, on expectations for tamer July local consumer prices, plus support for interest rate easing in 2H.

Currently in a downtrend, the PSEi closed at 6,252.73, losing 1.04%.

Eyes are set whether positioning would soon unfold, with the PSEi at attractive zone.