The local bourse might continue its downtrend this week amid the exodus of foreign funds, while investors are also expected to track the country’s gross domestic product (GDP) result in the first quarter for cues, analysts said.
Last week, the benchmark Philippine Stock Exchange index (PSEi) ended another week in the red as late day selling slumped the market by 0.38 percent or 24.07 points to close at 6,258.71 on Friday.
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