The local stock market will be looking forward to the release of US December inflation figures for cues although sentiment has already been dampened by expectations that the Federal Reserve will be less aggressive in cutting policy rates. With the market having difficulty maintaining a solid...
The two recent rate cuts by the Bangko Sentral ng Pilipinas (BSP) amounting to 50 basis points is not expected to affect the earnings of banks until the middle of 2025 although the sector has been outperforming in the local stock market. “The banking sector continued to outperform the market,...
COL Financial, the country’s largest online stock brokerage firm, is cautiously optimistic about the local stock market as it is poised for a bull run although fears of a US recession is holding it back. COL Financial Chief Equity Strategist April Lynn Tan “Everything is in place for a...
The Philippine stock market benchmark, the PSEi, had been stuck in the doldrums for months—trading within a tight 200-300 point band—before crashing below its support level to a nine-month low and underperforming other regional and emerging markets. China Bank Capital Corp. Managing Director...
COL Financial, the leading online stock broker in the Philippines, is bullish about the prospects of the local equities market and sees the Philippine Stock Exchange rising to 7,500 to 8,250 once it sets a strong base after a much-needed correction. “PSEi punched over its downtrend line, 200-day...
The local stock market is turning bullish in light of last week’s rally although there may be some profit-taking this week while investors are wait for economic data such as remittances and the balance of payment. “The local bourse sustained its upward momentum last week, getting past its 6,800...
The local stock market is seen to remain bearish for the rest of the year as investors remain cautious over the impact of high inflation and the threat of global recession on Philippine corporations. In an online media briefing, COL Chief Technical Analyst Juanis Barredo said the market is on an...
The local stock market is seen to continue being weighed down by concerns at the economic front while investors wait for first half earnings results. “While we see bargain hunting opportunities, next week, investors are still expected to maintain a cautious stance amid lingering economic...
COL sees PSEi rising to 8,400 By JAMES A. LOYOLA The Philippine stock market is seen to rise by about 20 percent from the PSEi’s January opening to about 8,400 by yearend as investors have become more bullish as the COVID-19 pandemic is seen to become less of a threat. 63010 In a press briefing,...
As the stock market seems to have calmed down from the initial panic reaction to the Omicron variant, investors will be watching out for inflation figures this week and see how central banks will telegraph their moves. “Inflation will be a key theme for next week—or rather, the expected...
Top local online brokerage firm COL Financial has reduced its year-end target for the Philippine Stock Exchange index but remains optimistic about the market’s recovery despite risks posed by the Delta variant. 23577 In a virtual press briefing, COL Chief Equity Strategist April Lynn L. Tan said...
