The fate of the stock market this week is seen to hinge on whether or not the growth of new COVID-19 cases in the country is arrested and if the imposition of strict quarantine measures will be extended further. (Photo credit: https://www.pse.com.ph) “Investors are expected to take cues from our...
The Philippine stock market is seen to weaken further this short trading week as COVD-19 cases continue to surge, sparking talks of the imposition of even more stringent lockdown measures—the government’s main tool in trying to keep infections down. “The local market may decline next week as...
The local stock market is seen to fall lower this week as the number of new COVID-19 cases continued to rise—raising the specter of an enhanced community quarantine which had almost grounded the Philippine economy to a halt last year. “The local market may extend its decline next week as our...
The local stock market is seen to remain volatile this week due to the upcoming release of earnings results of some index heavyweights as well as the inflation figure for February. “Inflation expectations are expected to be one of the main drivers of the market ahead of the release of the...
Trading at the stock market this week is seen to be volatile due to a confluence of factors including earnings reports from some blue chip companies. Photo credit: https://www.pse.com.ph “A shortened trading week (EDSA Revolution Anniversary on February 25) interspersed with earnings...
The local stock market is seen to trade with a downward bias this week even as investors await the release later in the week of the gross domestic product figure for the fourth quarter of 2020. “The local market’s bias is still seen to be tilted to the downside amid waning optimism and...
The local stock market is seen to be weighed down by concern over the impact of the new COVID-19 strain although this may be counterbalanced by excess cash in the system as well as developments overseas. “Next week, we may see sideways movement from the local market with a downward bias. Pandemic...
The local stock market is seen to be vulnerable to profit-taking this week as investors weigh risks posed by the new coronavirus strain against optimism over a US stimulus package as well as the roll-out of vaccines overseas. “Next week, the market could trade sideways with a downward bias. We...
Local share prices weakened further as investors worry over the new strain of the coronavirus that is causing a spike in COVID-19 cases. The main index dropped 86.33 points or 1.21 percent to close at 7,047.85 as all sectors lost ground. Volume remained high at 22.68 billion shares worth P11.91...
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...
