The local stock market rose further as investors digested a slew of corporate earnings reports while waiting for the Monetary Board’s policy meeting on Thursday. The main index rose by 54.52 percent or 0.82 percent to close at 6,704.96 as the Property sector led the advance across the board....
Investors in the local stock market will eagerly wait for the result of the Monetary Board’s policy meeting and the release of US inflation numbers this week, which will determine whether last week’s rebound will be sustained. “Next week, the Bangko Sentral ng Pilipinas’ monetary policy...
Local stocks are seen to be ripe for bargain hunting during the first week of the Chinese Ghost Month, but investor sentiment will be swayed mainly by a slew of important economic data and corporate earnings reports. “The local market is still deemed to be undervalued and, with the two-week...
Stocks market investors will be looking mainly towards the US Federal Open Market Committee meeting and corporate earnings reports for cues this week even as there remains more room for bargain-hunting amid improving trading data. “The local market has already exhibited a golden cross as its...
Sentiment at the local stock market is still seen to be buoyed by expectations of a rate cut although some stocks may be vulnerable to profit-taking following recent gains. “We continue to see a build up in positive momentum for the local bourse as it extends its rally to a fourth straight week....
The local stock market may continue to ride higher on news of the lower Philippine inflation and indications of disinflation in the US although investors will still be waiting for the US July inflation report and some local economic data for more cues. “We’re seeing a build-up of upward...
Investors in the local stock market will be watching out for the release of June inflation numbers for cues this week although follow through buying may keep stocks buoyant after the Bangko Sentral’s statements gave sentiment a boost. “This week, investors are expected to watch out for the...
After its steep eight-day fall, the local stock market will now be looking forward to the Monetary Board’s policy meeting later this week as it hopes for a statement that will trigger bargain-hunting among investors. “The local market is seen to be exhibiting a bearish bias… With its decline,...
The local stock market has turned bearish after last week’s plunge but investors are not seen to jump in to pick up bargains this week as they are expected to remain on the sidelines amid an absence of positive catalysts. “The local market declined last week by 2.07 percent. With its decline,...
This week, stock market investors will be waiting for the release of the May inflation numbers as well as the labor market data while also keeping an eye on the peso-US dollar exchange rate. Philstocks Financial Research Manager Japhet Tantiangco said that there may also be some bargain-hunting as...
The local stock market has turned more optimistic with robust first quarter corporate results, below-expected April inflation data in the US, and hopes of policy easing cues from the Bangko Sentral ng Pilipinas. “At its current level, the local market is still deemed to be attractive. Hence,...
Stock market investors will be taking their cue from the April inflation data to be released this week as this could affect interest rates while also looking forward to the release of the country’s gross domestic product (GDP) numbers. “Investors are still moving in a cautious tone, evidenced...
