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Expect sideways session for now, as equities investors sift through latest corporate earnings data & heed for other catalysts to warrant positioning.

Investors will check on feelers for continued MOC-boost, with several stocks moving at their oversold state.

Market watchers may monitor possible continuity of yesterday’s supply pressure, while digesting on 1H corporate earnings results.

The 90-day tariff truce extension between China-US and oil prices that have simmered following peace talks being arranged by the US on Russia-Ukraine, augur well in fund managers’ inflation expectation over the near-term.

The PSEi rose by +0.57%, ending at 6,289.85, as market participants showed hesitation ahead of potential catalysts.

Sentiment might take its cue from US equities’ overnight advance, following tamer July CPI data.

Possible follow-through weakness will be monitored, as some fund managers seize on dips to position in select shares.

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.