LOCAL stocks are expected to regain momentum this week, rallying closer to the 7,000-points resistance level, as the peso continues to trade stronger and as investors anticipate the release of August inflation and other economic data this week.
The benchmark Philippine Stock Exchange index (PSEi) has been trying to breach the 7,000-points milestone, closing last week at 6,897.54 points. Week-on-week, the local bourse corrected lower after gaining for three consecutive weeks, slipping 64.42 points, or 0.9 percent.
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