Stock market seen moving sideways after 4 weeks of gains

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Local share prices may trade sideways with a downward bias this week on technical correction after four straight weeks of gains, analysts said over the weekend

“However, at its current level, the local market is still deemed fundamentally undervalued,” Tantiangco said. He said hopes of a rate cut by the Bangko Sentral ng Pilipinas also continue to boost investor sentiment.

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