Analysts see Philippine shares to continue trading at a downward bias as resurgence of coronavirus disease 2019 (Covid-19) cases dampen investor sentiment.
“Bearish sentiment is seen to be building up as the local market posted two straight weeks of decline, shedding 4.39 percent in the process. This trend may continue next week as Covid-19 risks weigh on economic recovery hopes,” Philstocks Financial Inc. research analyst Japhet Tantiangco said.
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