F. Yap Securities / 2TradeAsia

The market may stay range-bound as investors digest recent earnings and global cues.

Sessions may remain choppy as investors gauge the momentum of today’s rebound.

Investors will be weighing general response to the local central bank’s surprise move to cut banks’ reserve requirement by 200bps to 5%, versus Wall Street’s weaker trail Friday.

Range-bound session is seen, as participants monitor supply pressure on rallies.

Eyes are set whether local gauges would continue to advance to a higher range, as investors monitor the release of 2024 corporate earnings.

Market investors will stay glued on continuity of yesterday’s rally, with special emphasis on select large-caps that primed the ascent.

Light sessions might prevail, with foreign fund managers on their extended weekend break with the Presidents’ Day holiday.

Sessions might be range-bound, as participants heed for macro catalysts to counter supply presence on rallies.

Local participants would check on possible rises to 6,200, given the recent recovery, as others monitor supply availability on rallies.

Attention is on BSP’s policy meeting, with consensus for possible 25bps rate cut.

Buyers might bid for time until sessions break-away from the usual solid opening, only to meet supply pressure in the process.

Renewed positioning might be in store for local equities, as buyers aim for the 6,000 mark.

Focus is set on MSCI’s basket review, that would be balanced by rate cut expectations from local monetary policy makers’ meeting this week.

Sessions might be range-bound, as participants monitor stabilization above 6,200.

Having recouped its poise above the 6,000 zone, investors will continue to monitor possible revert to 6,500-6,800, although some could seize on this strength to cash-out given volatile headlines on tariff-related issues & sequels to impeachment headlines at home.