PSE Market Outlook (3 Mar 2023) by 2TradeAsia
Select sectors might be in focus, specifically leisure/gaming bets, given BLOOMâs earnings results.
Select sectors might be in focus, specifically leisure/gaming bets, given BLOOMâs earnings results.
Expect volatility to prevail, ahead of the release of Februaryâs inflation data.
Caution would likely be thrown anew, given yesterdayâs MOC-sell-off (especially for holdings & property).
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Attention would be on possible recovery for local gauges, as sentiment trails Wall Streetâs overnight ascent, plus possible consideration for
Volatility may prevail, as the market balances expectations for tightened monetary policies versus recovery prospects.
Participants will monitor if supply pressure would continue, having weakened below the 6,700 zone.
Expect supply pressure on intra-day ascents, as most factor-in tighter monetary policies to address inflation.
Meanwhile, interest in specific sectors tied to RE, agri & food security, mineral exploration may perk-up trading interest.
Expect volatility, as participants digest the release of 4Q earnings in the coming days, as well as outlook for most of large-caps this year.
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Sentiment might glide to BSPâs 50bps rate hike move, as well as Wall Streetâs overnight descent (DJIA -1.26%, Nasdaq Comp. -1.78%).
Local equities might take its cue from Wall Streetâs ascent, mainly on improved retail sales growth for January.
Investors would be on the lookout if supply pressure would prevail, ahead of local monetary authoritiesâ policy meeting this week.
Positive tone may prevail, on investments outcome from PBBMâs state visit in Japan.
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