The local stock market is expected to trade sideways this week, with investors waiting for major catalysts to support a continued rally, according to Philstar Biz.
Market analysts noted that the absence of strong domestic or external triggers has left the benchmark index range-bound in recent sessions. While the previous week saw gains on the back of favorable economic data, momentum has since stalled without fresh developments to sustain buying interest.
Investors are now looking ahead to upcoming policy signals from the Bangko Sentral ng Pilipinas and corporate earnings reports for the second quarter. These could provide the necessary catalysts to break the current consolidation phase and push the market higher.