Philippine stocks may extend their gains this week on expectations that inflation will ease, but investors are advised to remain cautious amid geopolitical tensions and macroeconomic headwinds, according to a report by BusinessWorld.
Last Friday, the Philippine Stock Exchange index (PSEi) rose 1.01% (62.31 points) to close at 6,188.03, while the broader all-shares index gained 0.83% (27.91 points). Analysts pointed to optimism over a potential slowdown in consumer price increases as a key catalyst for the rally.
However, lingering risks from global geopolitical developments and domestic macroeconomic uncertainties could limit upside momentum. Market participants are expected to stay watchful as they balance positive inflation expectations against these external threats.