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Bearish Trades Seen This Week
The Philippine Star
|June 23, 2025
The local stock market is likely to continue its sideways movement this week as cautious investor sentiment is expected to prevail amid geopolitical tensions, especially after the United States bombed three nuclear sites in Iran.
The benchmark Philippine Stock Exchange index (PSEi) finished in negative territory last Friday at 6,339.77, down by 0.87 percent week-on-week.
"Rising inflation expectations amidst looming big time oil price hike at the pump and calls for wage hikes and increased jeepney fares will dominate sentiment, damping risk appetite and capping market upside of PSEi's sideways path," First Metro Investment Corp. head of research Cristina Ulang said.
This story is from the June 23, 2025 edition of The Philippine Star.
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