Share prices are expected to continue trading sideways this week, with the market testing the stability of the 6,000 level.
First Metro Securities Corp. said November inflation will be one of the key data points to watch this week, along with overseas economic data such as the U.S. jobs report, the consumer price index, and the U.S. balance of trade.
“With December approaching, investors may look to seasonal catalysts from year-end positioning to holiday spending to guide the final stretch of 2025,” First Metro said.
For this week, First Metro expects the index to trade between 6,100 and 6,200. The firm also maintains its year-end target of 6,900.
Last week, the index rose 0.42 percent to close at 6,022.24, while the broader all shares index advanced 4.38 percent to 3,568.34.
The index started the week with mixed sentiment as window dressing, foreign inflows, and bargain hunting shaped market trading.
Average value traded improved to P9.31 billion from the P8.9 billion recorded the previous week.
Foreign investors were net sellers for the week, with outflows of P3.2 billion, a reversal from the previous week’s P3.79 billion in foreign buying.
