Stocks to move sideways with Fed, BSP in focus

On Thursday, the Philippine Stock Exchange index fell 0.52% to close at 5,910.06, according to BusinessWorld.

Investors are now focusing on the upcoming policy meetings of the US Federal Reserve and the Bangko Sentral ng Pilipinas, which could provide direction for the market. Analysts expect the bourse to trade sideways until clearer signals emerge from these meetings.

The broader all shares index also declined, reflecting cautious sentiment. Market participants are waiting for cues on interest rates and economic outlook from both central banks.