PHILIPPINE SHARES may move sideways this week as investors stay cautious amid lingering geopolitical tensions and mixed domestic economic data, with slower-than-expected growth clouding the outlook. Week on week, the PSEi increased by 53.91 points from July 31’s finish of 6,236.44. Latest macroeconomic data, especially on GDP (gross domestic product), may also be a cause of concern for the market,” Mr. Tantiangco said. However, our second quarter GDP data has posted slower expansion, implying that the local economy continues to lose growth momentum,” he added. For its part, F. Yap Securities said the market could begin taking positions before the BSP’s Aug. 27 policy meeting following mixed economic data.