In search of new leads, market seen to remain range-bound

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May 26, 2025 | 12:00am

MANILA, Philippines — Investors remain on the hunt for new catalysts that could further solidify a stronger market rally in the coming days.

This week, analysts expect shares to continue trading sideways, with a bias on the upside.

“The weekend’s rally could extend early this week on Bangko Sentral ng Pilipinas rate cut hopes, backed by recent dovish messaging and low inflation expectation for May,” First Metro Investment Corp. head of research Cristina Ulang said.

She said profit-taking may punctuate the market’s testing of near term target and resistance at 6,500.

Last Friday, the benchmark Philippine Stock Exchange index managed to close in the positive territory at 6,413.10. Week-on-week, however, the index fell by 0.81 percent.

”The local market broke its five-week winning streak last week as it fell amid a mix of negative factors - from fiscal worries in the US to concerns over the President’s sudden move to revamp the government. On a positive note, the market was still able to close above the 6,400 level,” Philstocks Financial research manager Japhet Tantiangco said.

He said that investors are expected to digest factors that could improve sentiment this week.

Tantiangco said Marcos’ decision to keep his economic team intact may ease concerns over the uncertainties of the Philippines’ economic policies.