A report from BusinessWorld said Philippine stocks may stay under pressure this week as investors weigh rising geopolitical tensions following the worsening Iran conflict, alongside inflation concerns and President Ferdinand R. Marcos, Jr.’s upcoming State of the Nation Address. On Friday, the Philippine Stock Exchange index (PSEi) edged down by 0.03% or 2.11 points to close at 6,281.01, while the broader all shares index also declined.
Analysts noted that escalating geopolitical risks in Iran could lead to higher oil prices, stoking inflation and dampening market sentiment in the Philippines. The local bourse is also expected to be influenced by global cues as investors monitor developments in the Middle East and their impact on supply chains and commodity prices. Additionally, the upcoming SONA may provide direction on key economic policies.
Trading this week is likely to remain volatile, with the PSEi testing support levels around 6,200. Market participants are advised to watch for any escalation in the Iran conflict and its ripple effects on global financial markets. A sustained breakout above 6,300 could signal a reversal of the recent downtrend.