PHILIPPINE SHARES may move sideways this week, with President Ferdinand R. Marcos, Jr.’s fourth State of the Nation Address (SONA) on Monday taking center stage and as investors await more corporate results.
On Friday, the Philippine Stock Exchange index (PSEi) went down by 0.48% or 30.98 points to close at 6,413.18, while the broader all shares index retreated by 0.3% or 11.52 points to 3,796.87.
Meanwhile, week on week, the PSEi jumped by 1.74% or 109.46 points from the 6,303.72 finish on July 18.
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