Share prices are expected to move sideways this week ahead of the release of fourth-quarter and full-year gross domestic product data.
Japhet Tantiangco, research head at Philstocks Financial Inc., said investors will focus on the Philippines’ fourth-quarter and full-year 2025 GDP data for clues on the economy’s state and direction.
“A significant improvement from the third quarter’s 4 percent growth may spark positive sentiment, but a slower print may cause the market to decline further,” Tantiangco said.
Investors are also expected to monitor the movement of the local currency.
“The peso’s recovery, if it continues, is expected to help the market,” Tantiangco said.
Tantiangco said investors also are monitoring U.S. actions, as the country reportedly continues its pursuit of Greenland.
For this week, the market is expected to trade between 6,150 and 6,400.
Last week, the benchmark Philippine Stock Exchange index snapped a four-week rally, signaling that the market’s momentum is waning.
The PSEi declined 2.03 percent to close at 6,333.26, while the broader all shares index fell 1.45 percent to 3,599.31.
Average daily value traded reached P6.4 billion , lower than the P6.9 billion recorded the previous week. Foreign investors were net buyers, with inflows at P235 million.
