F. Yap Securities / 2TradeAsia

Supply-side monitoring may continue, as intra-day rises have been short-lived during recent trades.

Prospective gradual positioning might take shape, as investors position for dividend plays & those with solid composure drives this year.

The spotlight is back on global crude prices, resurfacing concerns over nearterm inflation.

Another range-bound session is seen, with eyes set on energy agencies’ move to address the electricity situation.

Market participants will be heeding for various accord from the ASEAN summit, especially on bilateral pacts that reinforces security of staple supplies.

Eyes are set whether local gauges would continue its upward trek, or pause for technical breathers.

Sentiment might take its cue from Wall Street’s overnight advance, on optimism for resolution to US-Iran rift.

The market may get feelers on participants’ reaction to April’s 7.2% inflation (four-month average of 3.9%), including BSP’s sequel action to control higher consumer prices.

Supply pressure might step in, as participants weigh Pres. Trump’s assurance on the safe passage of commercial vessels at the Strait of Hormuz.

The market might take its cue from US equities’ Thursday advance (mainly on positive 1Q GDP), as investors sift through 1Q earnings releases from select large-caps.

The highlight is on the current impasse in peace negotiations between US-Iran, with an extended timeline seen to impact global economies.

Mixed session is seen, as market participants balance 1Q headlines versus the wider geopolitical backdrop.

Equities investors are likely to assess prevalence of supply pressure, especially on intra-day rises, as several check on 1Q earnings data from select large-caps.

Another lackluster session is seen, as market investors assess BSP’s priority to control inflation through hints of tightened policy, versus higher business costs in the wake of the Middle East conflict.

Follow-through reaction to BSP’s 25bps-rate hike plus continued high oil prices would likely be the main theme Friday.