The local stock market capped off the week in the red zone, declining for a second straight session as investors maintained their cautious stance, according to Philstar Biz.
Trading remained subdued as market participants held back ahead of the release of key macroeconomic data next week, which could provide direction on the economy's trajectory. The cautious sentiment reflects ongoing uncertainty, with investors choosing to wait for fresh catalysts before taking larger positions.
Analysts note that the recent pullback follows a period of volatility, and the market's direction may hinge on whether the upcoming data meets expectations. For now, the benchmark index remains under pressure as risk appetite stays limited.