PSEi to tread sideways with negative bias

THE Philippine market is poised to trudge sideways but with a negative bias as investors closely follow the currently pessimistic outlook on overseas markets.

BPI Asset Management said in a weekly forecast on Friday the PSEi is expected “to move sideways with a downward bias” as a result of the US jobs data. “For next week, expect the PSEi to trade between 7,490 to 7,718.”