The Philippine stock market is expected to move sideways with a downward bias this week, according to Philstar Biz , as the absence of strong catalysts continues to hinder a sustained rally.
Analysts pointed to lingering uncertainties in the global economic outlook and a cautious market sentiment as key factors weighing on investor confidence. The lack of fresh positive triggers, both domestically and internationally, has kept the PSEi range-bound with a tendency to drift lower.
Traders are advised to watch for potential support and resistance levels as the market searches for direction. Without a significant catalyst, the downward bias may persist in the near term.