Philippine stocks are expected to keep moving sideways this week, as investors await the release of April inflation data.
Online brokerage firm 2TradeAsia.com said inflation would likely range between 3.7 percent and 4.5 percent on higher energy rates and agricultural prices and the impact of the weaker peso against the US dollar. The bellwether Philippine Stock Exchange index fell below the 6,400 level last week before closing at 6,433, still down by 2.82 percent or 186 points.