PSEi seen sticking near 6,000 this week

MANILA, Philippines – Philippine stocks may remain range-bound this week, with the main index struggling to sustain gains amid lingering geopolitical risks and elevated oil prices, according to brokerage 2TradeAsia. Immediate support for the Philippine Stock Exchange Index (PSEi) is seen at 5,800. Resistance is pegged at 6,050, with a secondary ceiling at 6,300. READ: psei-back-below-6000-on-oil-driven-inflation-fears Michael Ricafort, chief economist at Rizal Commercial Banking Corp., said that a key catalyst for global and local markets includes the end of the two-week US-Iran truce on April 21. “Upcoming local data include the April 20 balance of payments and Bangko Sentral ng […]... Keep on reading: PSEi seen sticking near 6,000 this week

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