The main index eked out a 0.69 point or 0.01 percent gain to close at 6,379.72 as sectoral indices were evenly divided. Volume fell further to 333 million shares worth P2.82 billion as losers beat gainers 108 to 72 with 48 unchanged.
He added that, “the main event this week is the U.S. June CPI due out on July 12. Meanwhile, the PH trade balance for May and OFW cash remittances are expected to be released by July 14.” “Throughout the session, the market experienced sideways movement, trying to breach the 6,400 old support level. However, the market lacked sufficient buyer strength to surpass the said threshold,” she noted.
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