The PH market would be focused on the GDP figures by Thursday with estimates ranging from 6.4 - 6.9% by the WB. Whatever, the figures comes out from the report, price range would swing in both directions and eventually would retest a run as we expect a more decent figure above average that will show the PH resiliency on growth as these are the positive after effects that are just showing the effectiveness of the PH economy's programs implemented from the last 6-8 years .
Meanwhile, the PSEI has recovered from two recent lows at 7685 and 7724 while it made a two recent high at 7860 and 7840 from their daily trading sessions. Staying above the 7800 and slowly narrowing the trading range shows a steady price levels as market participants await the results of the GDP figures by Thursday. As this may bring about fresh incentives for the market to increase market volatility by the end of the trading week.
