Still in trading deadlock, PSEi awaits fresh stimulus

The Philippine Stock Exchange Index (PSEi) may move in a narrow range as investors await fresh catalysts, which include the upcoming disclosure of the 2023 economic growth data. The past week, the PSEi slumped 2.1 percent to 6,503.54 after Fed officials offered a more hawkish view alongside rising geopolitical tensions in the West Philippine Sea.
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