Philippine stocks are seen to consolidate further this week after recovering from a more than 3-percent decline before ending previous week’s session, given lack of good news being anticipated in the local market.

Freya Natividad, analyst in the online brokerage 2TradeAsia.com, said that the market might go through consolidation mode until fund managers get to their senses on fundamental growth support that would help justify prevailing market valuations.

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