F. Yap Securities / 2TradeAsia

Participants will monitor continuity of yesterday’s strong net foreign buying momentum, especially for large caps that led the ascent.

Light trades are seen with most foreign investors still on their New Year holiday.

Overall, expect optimism to prevail, anchored mainly on lessrestrictive monetary policies in 2024.

A generally upbeat tone might be seen, as participants take their cue from Wall Street’s incline (DJIA +0.87%, Nasdaq Comp. +1.26%).

Movements might remain range-bound, on tightening activity between buyers & sellers.

Follow-through buying might be visible, as fund managers seize on the recent drop to position.

Follow-through buying might be visible, as fund managers seize on the recent drop to position.

Gauges might need to stabilize above 6,200 for now, to support sturdier ascents towards 6,400-6,500.

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.