Local shares are expected to continue tracking developments in the country's coronavirus disease 2019 (Covid-19) pandemic situation this trading week, along with the release of second quarter gross domestic product (GDP) data and more financial reports of corporations.

Philstocks Financial Inc. senior research analyst Japhet Tantiangco said investors would be monitoring the local pandemic situation as the country recently saw a new spike in daily cases and has detected more infections of the contagious Delta variant.

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