The Philippine stock market is expected to maintain its sideways trading this week as positive developments in the domestic front are tempered by worries overseas.
Analysts, however, are expecting the seasonal window-dressing in the last trading week of the first quarter to possibly boost the market.
Online brokerage firm 2TradeAsia.com said the market has been navigating a volatile landscape, driven largely by interest rate expectations.
While the US Federal Reserve voted to keep rates unchanged for the second-straight meeting of 2025, the market is speculating the Bangko Sentral ng Pilipinas may reduce interest rates in its April policy meeting.
“Increased risk management is key as the market approaches mid-year, knowing rate cuts are mostly backloaded into 2H25; interest rate policy decisions here and abroad are to take center stage and growth concerns come to the forefront amid elevated politico-economic risk,” 2TradeAsia.com said.
Immediate support is at 6,000, and resistance at 6,400.
The Philippine Stock Exchange index closed the week at 6,266.75 last week, down by 27 points or 0.43 percent from the previous week.
Average trading value reached P7.78 billion, higher than previous week’s level of P6.41 billion.
Foreign investors were net buyers, with net inflows reaching P2.29 billion.