Wait-and-see mode likely in share trading

The local stock market is likely to move sideways this week as investors look for a catalyst that can drive the market up or down.

Trading is expected to be lackluster and according to Luis Limlingan, the managing director of Regina Capital Development Corp., the Philippine Stock Exchange index (PSEi) will “continue moving sideways this week, within a narrower range of 8,030 to 7,900.”