Local stocks expected to remain range-bound amid waning momentum

Local stocks expected to remain range-bound amid waning momentum

The Philippine stock market is expected to continue moving sideways this week after benign inflation failed to spur a rally, although some investors will take cues from data to be released by the Bangko Sentral ng Pilipinas, including foreign direct investment and balance of payment numbers.“(Last week), the PSEi moved sideways as buying momentum wanes despite stable inflation. Continue to expect the market to move sideways to down within the 6,…