The local stock market is seen to be volatile in the next few weeks while investors wait for the US Federal Reserve meeting at the end of January although general sentiment remains positive amid expectations of rate cuts later this year. “The first US Fed meeting is scheduled for January 30- 31....
The much-awaited giant initial public offerings (IPOs) of SM Prime Holdings’ real estate investment trust and Prime Infrastructure Inc. of billionaire Enrique K. Razon Jr. may not happen this year. In an online briefing, Abacus Securities Corporation Research Head Raymond Neil "Nicky" Franco...
While the PSEi is still on a bullish trend, share prices may be weighed down this week by weaker sentiment due to the higher-than-expected US inflation rate which may delay expected rate cuts. “Technicals remain bullishly biased with its 50-day exponential moving average about to cross its...
This week, investors in the local stock market will seek fresh catalysts to support the uptrend in share prices and will be looking out for the US inflation rate as well as the Philippine labor and foreign direct investments data. “The market has been on an uptrend since bottoming last October...
The Philippine Stock Exchange (PSE) expects to raise P175 billion worth of capital in 2024 amid a more upbeat equities market with six companies seen to launch their initial public offerings (IPO) this year compared to just three in 2023. “Our capital raising forecast is P175 billion, around P40...
The local stock market is seen to benefit this short trading week from a combination of window-dressing and profit-taking as well as the carry over of positive sentiment from expectations of rate cuts next year. “The final three trading days of the year will see a mix of window dressing and...
This week, the stock market could still benefit from positive sentiment due to prospects of rate cuts next year although last week’s rally may result in some profit-taking prior to the long Christmas weekend. “The policy easing prospects of the Federal Reserve may still provide support to the...
This week, stock investors will be mainly looking at the policy meetings of the US and Philippine central banks for catalysts even as hopes for a Santa Claus rally seem to have waned. “The local bourse is on a 2-week losing streak as investors continue to take profits. In the process, the market...
The local stock market will be waiting for November’s inflation figure this week, hoping that a lower number will spur a rise in share prices. “This week, investors are expected to take cues from our upcoming economic data, primarily from our November inflation print which would give clues on...
The local stock market is seen to remain cheap and this may continue to spur investors to bargain-hunt although the recent rise in the inflation rate and worries over the country’s economic growth are seen to limit any rallies. “The local market remains at bargain levels with a price to...
Investors in the local stock market will be watching out for the September inflation numbers on Oct. 5 after its strong performance last week. “Despite last week’s rally, the local market remains at attractive levels as its price to earnings ratio as of September 29 is at 13.61 times, below its...
This week, the local stock market is seen to be swayed by quarter’s end window dressing, the changes in the stock exchange indices, and the confidence survey results recently released by the Bangko Sentral ng PIlipinas (BSP). “The local market was able to post gains last week amid a rebound...
