F. Yap Securities / 2TradeAsia

Eyes are set on the PSEi’s run-up towards 6,150, as fund managers position for year-end window dressing.

The market might hold above the 6,000 zone, as fund managers focus on stocks worth accumulating.

Possible follow-through buying is seen on account of local monetary authorities’ lowering of interest rates — a move that would help support lending for the remainder this year.

Investors might laud the Fed’s move to reduce its interest rate by 25bps, which could support expectations for similar moves from local monetary officials.

Movements might be range-bound for now, as some fund managers assess geopolitical tensions in the region, specifically on the latest rift involving Taiwan, between Japan-China.

This week’s major theme is on monetary policy easing from both the Fed & BSP, which would aid in boosting growth.

Movements may remain range-bound, as market watchers heed for catalysts.

Participants might sift through headlines on tempered GDP growth outlook plus S&P Global’s insolvency rating, versus expectations for monetary easing from the Fed & local authorities next week.

Another range-bound session is seen as participants weigh on the odds for the Fed’s rate cut next week, that may be seconded by local monetary authorities.

Participants might angle on the latest weakness in local manufacturing gauge that could raise questions on the strength of 4Q consumer demand.

Following Friday’s incline, equities investors may aim for the PSEi’s next trajectory towards 6,200.

Expect volatile sessions, as some might cash-out ahead of US Thanksgiving plus month-end portfolio closing.

Attention may revert to the PSEi’s move above the 6,000 zone, given wider expectations for a Fed rate cut plus monetary easing at home.

Movements might be range-bound, as the PSEi makes a firmer base above the 6,000 zone.

Participants are all-eyes on whether local gauges would climb its way back to 6,000 base, having recovered last week.