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The index closed slightly lower at 6,464.72 moving closer to its support of

Light sessions might continue, as participants check for catalysts to prod aggressive positioning.

Potential retest of 200EMA trail resistance.

The market traded in a tight range last week, however, the PSEi still closed below the 200-day MA.

Participants might look forward for 1Q23 earnings guidance for most of the week, as several listed firms line-up for their annual generation meeting (AGM) season.

Sentiment might take its cue from US equities’ overnight advance (DJIA +1.14%, Nasdaq Comp. +1.99%), as well as indications from BSP Gov. Medalla for consideration of rate pauses given the recent MoM inflation trend.