Uncertainties to affect stock market movements

Uncertainties, particularly with regard to external developments, remain very much on investors’ minds and will likely determine stock market movements this week, analysts said.

With the market having dropped—but not too deeply—into 7,800 territory, Eagle Equities, Inc. research head Chris Mangun said the bellwether Philippine Stock Exchange index (PSEi) was likely to trade around 7,900 with a resistance of 8,000.