F. Yap Securities / 2TradeAsia

Having fallen below 7,300, market participants might bid for time for the gauge to stabilize, possibly above the 7,200 zone.

Another subdued session might prevail, as participants heed for other catalysts to support positioning, while monitoring the effects of the current typhoon.

Another subdued session is seen, as participants’ attention is swayed by developments on the typhoon within the area of Philippine responsibility.

Subdued sessions may continue, as some investors check on momentum improvement prior to positioning.

Sentiment could sway to optimism in the region, following latest steps taken by China to boost growth in its economy.

Similar trading pattern is seen, with local gauges touching intra-day highs and some investors seizing on this strength to profit-take.

Market participants might cheer BSP’s move to lower its benchmark rate by 25bps to 6%, supporting expectations for reduced borrowing costs for the remainder this year.

Market participants would monitor advances towards 7,550, as some position ahead of results from BSP’s policy meeting.

Sessions might be range-bound for now, as participants await on 4Q & 2025 earnings guidance, on top of the release of 3Q corporate results.

Sentiment may take its cue from Wall Street’s overnight ascent, following delivery of strong 3Q earnings from banks.

Expect a tussle between buyers and sellers at 7,300-7,500 range, which should strengthen a new base for higher levels.

Participants may take their cue from Wall Street’s incline, while others check for possible continuation of some supply pressure.

Eyes are set on continuity of yesterday’s advance, as some players might seize on this strength to cash-out.

Sentiment might glide to Wall Street’s ascent, on latest jobs addition data, while follow-through buying takes support from September’s inflation trend.

Activity might be range-bound for now, given yesterday’s sell-off.