Philippine stocks may continue to move sideways this week as persisting uncertainty over the war in the Middle East may temper recent gains from bargain hunting and slower domestic inflation, according to a report by BusinessWorld .
On Friday, the Philippine Stock Exchange index (PSEi) rose by 0.44% or 26.45 points to close at 5,938.38, while the broader all shares index also gained.
The market is expected to remain under pressure due to external geopolitical risks, with investors closely monitoring developments in the Middle East for further direction.