The Philippine stock market closed the week above the 6,400 level, but analysts from Philstar Biz said stronger catalysts are needed to sustain the positive momentum.
The benchmark Philippine Stock Exchange index (PSEi) has rallied in recent sessions, driven by bargain hunting and optimism over easing inflation. However, traders noted that without fresh leads, the rally may lose steam.
Market participants are now looking toward corporate earnings reports and potential policy signals from the Bangko Sentral ng Pilipinas as possible triggers for the next leg of the uptrend.