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Volatile trading seen this week

August 05, 2024

|

The Philippine Star

Heightened volatility is expected in the local bourse this week as investors try to shake off the lingering impact of US recession fears that pulled down the market last week.

- RICHMOND MERCURIO

Philstocks Financial research manager Japhet Tantiangco said the local market extended its decline to a second week last Friday, shedding 1.79 percent after failing to take its 6,700 to 6,800 resistance range.

Tantiangco, however, said the market remains above its 50-day and 200-day exponential moving averages.

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