Equity buyers look at short-term.

After piercing new lows the past week, analysts expect bargain-cheap stocks to whet investors' appetite this week.

The market's improved yet cautious outlook coincides with the recent passage of a bill against money laundering by legislators over the weekend.

The bill promises to crack down on sources of "dirty money" and help in the freezing of alleged terrorist funds.

"We don't really expect a reaction from the market on the passage of the bill but we expect a rally because this market has been oversold," said Joseph Roxas, president at Eagle Equities Inc.

The benchmark Philippine Stock Exchange composite index (Phisix) was cut down another 36 points last week, or 3.11% to close at 1126.63, a fresh three-year low.

The broader All Shares market, however, managed a six-point gain during …