Philippine stocks may trade sideways this week as investors continue to weigh inflationary and economic risks from the ongoing Middle East conflict, according to a report by BusinessWorld.
On Friday, the Philippine Stock Exchange index (PSEi) edged up by 0.01% or 1.18 points to close at 6,072.24, while the broader all shares index fell by 0.02% or 0.74 point. The mixed performance reflects investor caution amid geopolitical tensions and their potential impact on global supply chains and commodity prices.
Analysts expect the market to remain range-bound in the near term, with attention focused on economic data releases and any developments in the Middle East. A sustained resolution to the conflict could provide a catalyst for a rebound, but uncertainty continues to weigh on sentiment.