F. Yap Securities / 2TradeAsia

Market participants may weigh reception to local industry players’ move to reduce fuel prices, or skew in favor of the recent Mideast conflict’s effect on sequel oil pricing.

Market participants will monitor progression on the lifting of rice price ceiling, parallel to the approved fare hike of LTFRB for jeepney vehicles.

Subdued sessions are seen following the PSEi’s decline yesterday, as participants await for the release of September inflation.

Attention is set whether the PSEi’s run-up would continue, or for prospective breathers to set in.

Participants will monitor if prospective technical breathers might set in, given the local market’s recent ascent.

Market participants will monitor the PSEi’s move above the 6,200 mark, following prior sessions’ ascent.

The mood might remain tentative, pending the Fed’s sequel move on benchmark interest rate.

Movements might stay sideways, possibly with another downward bias, ahead of the Fed meeting.

Participants might adopt a wait-and-see stance for now, to check if supply pressure from FTSE rebalancing has already subsided.

The market might see similar last-minute lift, while trading within a tight range for most part of the session.

Choppy sessions are seen, as sentiment might glide to Wall Street’s overnight weakness (DJIA -0.57%, Nasdaq Comp. -1.06%) on renewed concerns over

Participants may need to sift through August’s latest inflation data (+5.3% vs. July’s 4.7%), especially on guidance from the local central bank on

Market participants will focus on movements in select index stocks, that may include the tender offer progress in MPI.

Some might take interest in heavily-beaten large-caps that led yesterday’s descent.

Expect volatility with the month-end portfolio repositioning.