F. Yap Securities / 2TradeAsia

Participants might weigh whether supply pressure would prevail, or for sentiment to glide to Wall Street’s incline (DJIA +0.54%, Nasdaq Comp. +1.35%).

Sessions might round-up on the plus-side, as fund managers seize the recent dip to move in index-tied shares.

Light sessions are seen with most fund managers off on their holiday break in the US.

Gauges might stabilize above the 6,600 mark for now, as participants monitor developments at the crude market and its impact to inflation.

Market watchers are expected to watch local gauges’ climb towards 6,700 as fund managers check on continuity of wider net foreign buying & accelerated momentum via improved turnover.

Sentiment might sway to Wall Street’s strong advance (DJIA +0.58%, Nasdaq Comp. +2.2%), as momentum builds for less-restrictive monetary policies.

Second-wind response to tamer inflation for December (3.9% vs. Nov.’s 4.1%) might be seen, as participants carefully monitor the PSEi’s return to the 7,000 zone (achieved last 23 Jan. 2023).

Participants will monitor continuity of yesterday’s strong net foreign buying momentum, especially for large caps that led the ascent.

Light trades are seen with most foreign investors still on their New Year holiday.

Overall, expect optimism to prevail, anchored mainly on lessrestrictive monetary policies in 2024.

A generally upbeat tone might be seen, as participants take their cue from Wall Street’s incline (DJIA +0.87%, Nasdaq Comp. +1.26%).

Movements might remain range-bound, on tightening activity between buyers & sellers.

Follow-through buying might be visible, as fund managers seize on the recent drop to position.

Follow-through buying might be visible, as fund managers seize on the recent drop to position.

Gauges might need to stabilize above 6,200 for now, to support sturdier ascents towards 6,400-6,500.