Philippine stock market may rebound as July inflation and Q2 GDP data release loom

The Philippine stock market could see a turnaround from last week's poor performance as an array of macroeconomic data and corporate earnings results are expected this week.

Last Friday, the PSEi finished positively, ending a six-day losing streak as investors bought cheaper stocks.

Unicapital Securities' Wendy Estacio-Cruz expects the index to trade within the 6,200 to 6,500 range this week.

Investors will be closely watching the release of July inflation data and second quarter GDP growth figures scheduled for Aug. 5 and 7 respectively.

Philstocks Financial's Japhet Tantiangco noted that a well-contained inflation figure and faster-than-expected GDP growth could boost the market, while further peso depreciation may have the opposite effect.