F. Yap Securities / 2TradeAsia

Market watchers would check for possible follow-through response to favorable inflation in November (4.1% vs. 4.9% in September), while monitoring momentum improvement in turnover.

Sessions might be range-bound, given yesterday’s total turnover, as investors heed for other catalysts to prod aggressive positioning.

Participants might gauge whether the PSEi could keep its head aloft 6,200, given yesterday’s trend.

Momentum may continue for local equities, supported by improving turnover and net foreign buying position.

Participants will sift through events during the weekend pause, while monitoring turnover build-up towards the end of 2023.

The macro support is anchored on consumer spending-driven growth for the remainder this year, plus

Eyes are set on the PSEi’s staying power above the 6,200 mark, while some participants might opt to cash-out given the recent rise.

Relatively subdued sessions are seen, as participants weigh on catalysts likely to drive yearend rallies.

Eyes are set on the local central bank’s policy meeting today, whether or not it would second 26 October’s 25bps off-cycle rate hike.

Focus will be on possible improvement in yesterday’s dismal turnover, ahead of latest inflation print in the US that might support expectations for the Fed’s next course on interest rates.

Sentiment might sway to Wall Street’s ascent, as portfolio repositioning builds ground for 2024.

Share prices would balance-off stronger-than-estimated 3Q GDP with the Fed’s reiteration to keep monetary policies tight to meet their inflation goal.

Market investors will get feelers on 3Q23 GDP results (from +4.3% in 2Q23), and balance prospects towards 2024.

Follow-through response to tamer inflation in October might support sequel buying in equities.

Part of the climb might stem from month-end portfolio positioning.