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...
The local stock market ended its six-day rally and finally gave way to profit-taking on the last trading day of the week, month, and end of the third quarter. The main index fell by 64.28 points or 1.01 percent to close at 6,321.24 as the Services sector led the retreat although Miners managed to...
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...
With last week’s trading at the stock market swayed by inflation data that gave clues on US interest rate movements, investors this week will get to actually see what the US Federal Reserve will do in reaction to this data. “The policy meetings of the Federal Reserve and the Bangko Sentral ng...
Local stock brokerage firm Philstocks Financial has revised downwards its year-end projection for the Philippine Stock Exchange index (PSEi) due to lower economic growth while corporate earnings growth may also be slower in the second semester. Philstocks Financial Assistant Research Manager...
This week, cautious stock market investors will be looking for cues from the US August inflation report and Philippine data on foreign direct investments and remittances from overseas Filipinos. While the Philippine Stock Exchange index (PSEi) managed to advance in the last two weeks, Philstocks...
Stock market investors will be looking to the Philippines’ inflation numbers for August for cues while also monitoring US and Chinese economies for additional motivation. China Bank Capital Corporation Managing Director Juan Paolo Colet said, “this week’s market direction will be shaped by...
The local stock market may see some bouts of bargain-hunting especially with US stocks up over the weekend after US Federal Reserve Chairman Jerome Powell’s speech at the Jackson Hole. However, analysts note that investor sentiment remains weak due to discouraging prospects of the local economy....
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...
The local stock market fell again after a one day breather as investors held on to cash ahead of US Federal Reserve Chairman Jerome Powell’s speech at the Jackson Hole. The main index dropped 65.17 points or 1.05 percent to close at 6,160.61 as Banks led the retreat across the board. Volume...
