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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.

The PSEi has ended in the red w-o-w for the third straight week and closed below its support level of 6,800.

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.

The local bourse traded flat, plunging by -0.09% or -6.18pts to 6,815.91 during the prior session as market participants played tug-of-war.

Sentiment might glide to BSP’s 50bps rate hike move, as well as Wall Street’s overnight descent (DJIA -1.26%, Nasdaq Comp. -1.78%).