Having just breached the 8,100-point level, the benchmark Philippine Stock Exchange index (PSEi) is seen likely to trade sideways with a positive bias this week, with sustained foreign fund inflows underpinning the market.
Noting the index’s gradual ascent to a record close of 8,127.48 points on Friday, BPI Asset Management sees the market trading next within the 8,050 to 8,200 range, supported by the inflow of foreign funds.
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