Domestic equities outperformed global peers in the review month, delivering a 4.8% MoM gain. The strong earnings results of bellwethers like MTNN and BUAFOODS may have notably impacted market performance. We also note the positive contribution of the Oil & Gas sector (+16.0% MoM), which may have benefitted from improvements in crude oil production (+19.8% MoM to 1.6 million barrels per day) and proactive positioning to benefit from the potential impact of higher PMS prices on downstream players.