Stock market seen moving sideways this week

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Local financial markets will be closed Monday, Wednesday and Thursday to give way for Barangay and Sangguniang Kabataan elections and the observance of All Saints’ and All Souls’ days.

It said the next round of corporate earnings release could provide traders information on medium-term outlook and plans for 2024. It said the market’s immediate support this week would be 5,800 to 5,900 level, while resistance would be test at 6,000 to 6,100 level.

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