Stock index seen moving sideways

Apr 16, 2012 12:00 am

The Philippine Stock Exchange index (PSEi) may remain in a con¬solidation mode this week, moving within a narrow 5,000 to 5,100 range.

Investors will seek firmer anchors from advanced economies, even gait improvements in key indicators like gross domestic product and em¬ployment, among others, said Freya Natividad, investment analyst at 2TradeAsia.com.

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