F. Yap Securities / 2TradeAsia

Eyes are set whether the market would be able to continue momentum build-up based on yesterday’s advance, as some might be inclined to utilize this strength to exit.

Participants may be on wait-and-see mode, if Thursday’s trades would mimic previous session’s MOC-boost.

Sentiment might drift to Wall Street’s overnight weakness (DJIA -0.69%, Nasdaq Comp. -1.26%) as fund managers trail the progress of US debt ceiling negotiations.

Mixed tones might greet Monday’s trades, as investors sift through headlines on the approval of debt ceiling cap in the US, as well as those at home.

Higher planes are in store for local equities, on prospects for status quo on domestic interest rates & possible consideration for cuts in reserve requirement.

Sessions might be range-bound, as participants sift through latest retail sales growth in the US against economic growth outlook.

Higher sessions are seen, as participants position for possible status quo from local monetary authorities from Thursday’s policy meeting.

Attention will be on the local central bank’s policy meeting this week, as participants weigh possibilities for a status quo, or parallel rate hike move from the Fed.

Movements might stay range-bound, as participants digest 1Q23 results from select large caps.

Participants might monitor possible continuity of yesterday’s selling, given local equities’ recent rise.

Sentiment might glide to Wall Street’s ascent Friday (DJIA +1.65%, Nasdaq Comp. +2.25%), as well as

Market investors will digest the Fed’s widely-expected 25bps rate hike move, and balance Fed chair Powell’s latest statement for clues on its sequel move.

The only counter so far is on the current turnover, as some might be bidding for time ahead of results from the Fed meeting.

Momentum is expected to continue, as focus shifts to latest inflation in May, 1Q earnings as well as dividend season for several listed firms this May.

Sentiment might sway to Wall Street’s overnight climb (DJIA 1.57%, Nasdaq Comp. +2.43%), on upbeat quarterly results from select large caps.