F. Yap Securities / 2TradeAsia

Participants might monitor possible continuity of yesterday’s selling, given local equities’ recent rise.

Sentiment might glide to Wall Street’s ascent Friday (DJIA +1.65%, Nasdaq Comp. +2.25%), as well as

Market investors will digest the Fed’s widely-expected 25bps rate hike move, and balance Fed chair Powell’s latest statement for clues on its sequel move.

The only counter so far is on the current turnover, as some might be bidding for time ahead of results from the Fed meeting.

Momentum is expected to continue, as focus shifts to latest inflation in May, 1Q earnings as well as dividend season for several listed firms this May.

Sentiment might sway to Wall Street’s overnight climb (DJIA 1.57%, Nasdaq Comp. +2.43%), on upbeat quarterly results from select large caps.

Tight trading zones may continue, as participants digest 1Q23 interim results & capex guidance from select listed firms to get a general feeler on sector trends.

Barely a few points shy to breaching the 6,600 mark, some might seize on this strength to cash-out, while waiting for clearer guidance on

Expect volatility this week, as investors check for month-end portfolio re-balancing.

Light sessions might continue, as participants check for catalysts to prod aggressive positioning.

Participants might look forward for 1Q23 earnings guidance for most of the week, as several listed firms line-up for their annual generation meeting (AGM) season.

Sentiment might take its cue from US equities’ overnight advance (DJIA +1.14%, Nasdaq Comp. +1.99%), as well as indications from BSP Gov. Medalla for consideration of rate pauses given the recent MoM inflation trend.

Mixed views are seen, as fund managers balance inflation estimates against the recent uptick in crude prices.

Sessions might trend higher, as participants cheer slower inflation for March (7.6% vs. Feb.’s 8.6%).