Philstar
Stocks waiting for holiday cheer
Philippine shares are expected to trade sideways this week as investors adopt a cautious stance due to the upcoming holiday break and a lack of market-moving catalysts.
The benchmark Philippine Stock Exchange index (PSEi) fell below the 6,000 mark on Friday, closing at 5,920.87, a decrease of 1.92% week-on-week.
Analysts attribute the decline to pre-holiday profit-taking and anticipation of upcoming economic data releases.
The market may continue its sideways movement in the shortened trading week, with financial markets closed on December 24-25 for Christmas.
Investors are likely to maintain their cautious approach, potentially selling positions to mitigate risks during the holiday period and awaiting new market leads.
Key data to watch include the November Philippine budget balance on Dec. 23 and the trade balance on Dec. 26, as well as the initial Q3 2025 US GDP reading.
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