F. Yap Securities / 2TradeAsia

Activity might stay range-bound, as the market builds a sturdier base above the 7,000 zone.

Participants might get feelers on local gauges’ sequel ascent, especially with weak US retail sales & factory production data in December.

Another range-bound trend might be seen, with possible last-minute boost on select large caps.

Sideways movements are seen, as participants heed for other catalysts that would support sequel ascents.

Sequel rallies are seen, following Friday’s strong incline led by large caps.

Participants might take their lead from the latest month-on-month slide in US consumer prices, which would support

Overall, the main tide would center on inflation data in the US, which is seen to slow following prior months’ advance.

Sessions may gyrate, as participants balance the prospects for improved business resumption that would support growth, against

Yet, with inflation still on the radar screen, expect some to seize on intra-day strength to

Technical breathers are seen, given the run-up since the start of trading for 2023.

Momentum continuity is seen, as investors take hope on the Fed’s consideration for gradual policy tightening to balance risks to economic growth.

Attention is set whether the PSEi would continue its advance, riding on improved business resumption for 1Q23.

Expect volatile sessions to start 2023 as investors digest lead headlines that transpired during the extended New Year break.