The Philippine Stock Exchange index fell by 3.90 points or 0.06% to close at 6,312.03 on Monday, while the broader all shares index dropped 5.90 points or 0.17% to 3,392.92.
“The most awaited economic data this week back home is the Philippines’ CPI data for July, as well as the PSEi rebalancing, both on Friday,” Mr. Limlingan said. If realized, this would be faster than the 6.1% print seen in June and the 3.7% in July 2021 and would exceed the BSP’s 2-4% target band for the fourth straight month. It would also be the highest in 45 months or nearly four years since the 6.9% in October 2018.
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