Cautious equities trading seen to continue this week

MANILA, Philippines – Local stocks may remain under pressure this week after the benchmark Philippine Stock Exchange Index (PSEi) slipped below the key 6,000 level, reflecting cautious sentiment amid global and domestic risks. Stock brokerage 2TradeAsia sees immediate support at 5,800, with resistance at 6,050 and a secondary ceiling at 6,300. READ: psei-extends-slump-on-rate-hike-inflation-fears Philstocks financial