F. Yap Securities / 2TradeAsia

Eyes are set on BSP’s policy meeting, that could provide zest for interest ratesensitive sectors.

Market investors might stay watchful for possible continuation of prior session’s selling pressure, specifically on sectors that led the weakness (i.e., services, financials).

Zest for equities might be the overriding theme this week, given Fed chief Powell’s hint for possible easing on interest rates.

Sideways movement may continue for local equities, given the extended weekend break.

Another range-bound session is seen, as some traditional traders lighten on positions with the start of Ghost month (23 August to 21 September).

Expect sideways session for now, as equities investors sift through latest corporate earnings data & heed for other catalysts to warrant positioning.

Investors will check on feelers for continued MOC-boost, with several stocks moving at their oversold state.

Market watchers may monitor possible continuity of yesterday’s supply pressure, while digesting on 1H corporate earnings results.

The 90-day tariff truce extension between China-US and oil prices that have simmered following peace talks being arranged by the US on Russia-Ukraine, augur well in fund managers’ inflation expectation over the near-term.

Sentiment might take its cue from US equities’ overnight advance, following tamer July CPI data.

Possible follow-through weakness will be monitored, as some fund managers seize on dips to position in select shares.

Eyes are set on the revised PSEi member-basket, with possible rotation into stellar sectors (i.e., gaming, industrials, mining/oil).

Market watchers would check on overall reception to better-than-expected 2Q GDP of +5.5% (vs 1Q’s +5.4%), as several heed for BSP’s sequel direction on its policy easing cycle.

Anticipation on the release of 1H GDP may prod positioning in equities, partly with support coming from the agri sector.

Market participants might laud July’s tamer inflation, that is seen to widelysupport policy easing on domestic interest rates.