The local bourse is expected to track the release of a number of economic data this trading week, along with developments in the country's daily pandemic cases and the progress in the local vaccination program. Rizal Commercial Banking Corp. (RCBC) chief economist Michael Ricafort cited a number of catalysts for the local market this week. This includes the release of major economic data namely, bank loans, domestic liquidity or M3 growth, the IHS Markit manufacturing purchasing managers' index, and unemployment rate. Ricafort said developments in the country's coronavirus disease 2019 (Covid-19) situation and the progress in the local vaccination program would likewise be monitored. Online stockbroker 2TradeAsia.com has set the market's immediate support at 6,800, while resistance is at 7,000 to 7,050.

Source: Manila Times June 27, 2021 15:00 UTC