F. Yap Securities / 2TradeAsia

Participants will monitor if supply pressure would continue, having weakened below the 6,700 zone.

Expect supply pressure on intra-day ascents, as most factor-in tighter monetary policies to address inflation.

Meanwhile, interest in specific sectors tied to RE, agri & food security, mineral exploration may perk-up trading interest.

Expect volatility, as participants digest the release of 4Q earnings in the coming days, as well as outlook for most of large-caps this year.

Sentiment might glide to BSP’s 50bps rate hike move, as well as Wall Street’s overnight descent (DJIA -1.26%, Nasdaq Comp. -1.78%).

Local equities might take its cue from Wall Street’s ascent, mainly on improved retail sales growth for January.

Investors would be on the lookout if supply pressure would prevail, ahead of local monetary authorities’ policy meeting this week.

Positive tone may prevail, on investments outcome from PBBM’s state visit in Japan.

Another volatile session might prevail, as market participants monitor the main gauge’s move back to the 7,000 mark.

Investors might debate on the local central bank’s next policy move, as the market fully digests higher inflation print for January.

Unable to keep its head above the 7,000 line, participants will monitor continuity of supply pressure before moving within good trading windows in key index shares.

Market participants might check if the recent selling would continue, or whether buyers would seize on this buying window to reposition.

Sessions may continue to rally, which would come from the anticipated Fed’s 25bps rate hike.