The Philippine stock market is not seen to move significantly in its first trading week of the year as optimism over COVID-19 vaccines is offset by concern over the new and more infectious strain of the virus. “The local market could move sideways as investors weigh the prospects for 2021,”...
The local stock market is seen to have muted trading this week as most investors, both domestic and foreign, are already on holiday break. “The last two trading clays of the week, owing to funds having gone off to take the long holiday break, are expected to be quiet,” said online brokerage...
While the Philippine stock market continues to defy expectations of a correction, analysts continue to believe that it is time to take some money off the table as stock prices have gone up too high, too fast. Seen...
While there is still momentum in the local stock market from last week’s rally, its sustainability will hinge on whether there will be more positive news on COVID-19 vaccines and the US stimulus package. BDO Chief Market Strategist Jonathan Ravelas said that, after hopes of a vaccine fueled last...
Further weakness is seen in the stock market this week, following the trend set last week which was marked by profit-taking and foreign selling. However, online brokerage firm 2TradeAsia.com said long term prospects appear to improve with recent developments in the Senate as well as the hope...
Movements in the local stock market this week will continue to be influenced by the US elections as well as the announcement of the third quarter economic performance and more corporate earnings releases. “Headlines on the US presidential race should remain a volatility churner in the corning...
All eyes will be on the outcome of the US elections this week while third quarter earnings and lingering concern over COVID-19 will provide cues at the local front. Traders work beneath an electronic ticker at the trading floor of the Philippine Stock Exchange in Bonifacio Global City...
The Philippine stock market may take a breather at the start of the week following its strong rally last week but investor sentiment may be swayed by the announcement third quarter results by some index heavyweights. “The local market staged a strong rally but, with the quick surge, the local...
The local stock market is seen to start weaker this week following the drop in US stocks in reaction to US President Donald Trump’s announcement that he has tested positive for COVID-19. According to online brokerage 2TradeAsia.com, this is “a reminder that the pandemic remains to be...
