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The local bourse continues to remain thin as the RSI sits at 48.25 in a neutral position.

Participants would likely weigh if the market has already priced-in May’s inflation announcement (due today), versus the latest decline in crude futures prices following a USmediated Israel-Lebanon ceasefire arrangement.

Sentiment might take its cue from flaring geopolitical headlines in the Middle East, as well as USTR’s consideration to slap new import tariffs across countries.

Attempts to scale back to the 6,000 zone is being monitored, although supply pressure might set in given local political headlines at home.

Recovery may continue, with trading windows widely-open to bring the PSEi back to the 6,000 territory.

Prospective gradual positioning might take shape, as investors position for dividend plays & those with solid composure drives this year.