Stock market to take cues from quarantine adjustments, window-dressing Investors will again wait to see if the government will announce any changes in quarantine measures while prices of certain stocks may be boosted by quarter-end window-dressing. Next week, investors are expected to watch out for the governments quarantine classification decisions for the country after June 30. Further easing of restrictions may push the market to a positive close next week, said Philstocks Senior Supervisor for Research Japhet Tantiangco. He noted that, Till the governments decision, the market is seen to move sideways while investors look for clues or hints on what the new quarantine measures will be. (Photo credit: https:||www.pse.com.ph) Tantiangco added that, Investors may also watch out for the upcoming IHS Markit Philippines Manufacturing PMI for clues on how the local economy is faring. He added that, Investors may also monitor Wall Street to see if it would be able to sustain its good performance last week. If it is able to do so, then it may have positive spillovers for the local bourse. Meanwhile, online brokerage 2TradeAsia.com said that, After a strong rejection of the 7,000 level a fortnight ago, the PSEi looks to finally trounce this psychological resistance, this time with a better outlook for the second half of the year supporting the buying thesis dovish Fed and vaccine deployment traction. It added that, Funds looking to window dress in this quarters close should also prop up turnover this week, which range traders can take advantage of to make a quick buck. BDO Chief Market Strategist Jonathan Ravelas noted that, the PSEi rose last week as investors are optimistic on further reopening of the economy as vaccinations pick up speed and improved second quarter 2021 corporate earning expectations.