F. Yap Securities / 2TradeAsia

Expect volatility this week, with the quarter-end portfolio closing.

Local sessions may continue with its recent trend, as fund managers with cash reposition in key stocks poised for rebound.

With the Fed’s status quo on interest rates factored into prices, market participants might build on expectations for BSP to resume its rate easing cycle this April.

Movements may continue to remain range-bound, as participants heed for results from the Fed’s policy meeting & other indicative directions from local monetary policy makers.

Similar movement of solid opening followed by range-bound pattern is seen for equities, as most fund managers reposition cash in select oversold index shares.

Gauging from the recent trend in net foreign buying position, gauges might be poised to affirm its strength within 6,400-6,500, possibly on gradual mode.

Given US markets’ renewed slump, expect volatility from the latest traderelated issues within the wines/spirits market.

Another range-bound session is seen, as market participants heed for sequels to ongoing political headlines at home.

Regional markets’ attention might sway into the US inflation print, due Wednesday;

The market appears prepared to establish its footing around the 6,000 level, with market participants encouraged with the softer inflation level recorded in February.

Participants could continue seeking bargain buys.

Participants may adopt a wait-and-see mode for now, given the diverging economic outlook between China and US.

Market investors will stay glued on continuity of yesterday’s rally, with encouragement from recent positive corporate results.

Attention is on the upcoming February inflation report, which economists expect to be ‘moderated’.

The market may see a restrained bounce as traders reassess positions after the MSCI-driven selloff.