Efforts are underway to replenish the stocks of medicine in the market, the Pharmaceutical and Healthcare Association of the Philippines (PHAP) said on Saturday, Jan. 8 (File Photo/ Unsplash) In the “Laging Handa” public briefing, PHAP Vice President Jannette Jakosalem said that only specific...
This week, the Philippine stock market will be looking for cues from corporate earnings reports and government announcement of inflation and employment data but these will be weighed down by the imposition of a lockdown amid the coming Chinese ghost month. “The local market is still seen to move...
The local stock market is not seen to make a big bounce from last week’s fall due to rising concerns over the spread of the COVID-19 Delta variant while oil prices continue to go up. “While this week’s decline provides bargain hunting opportunities, we still see a downward bias for the local...
Trading at the local stock market this week is seen to be weighed down by the surge in COVID-19 cases as well as the impact of high inflation while corporate earnings and the employment report may provide some relief if there are any positive surprises. “Next week, the local market may decline on...
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...
The stock market is seen to start winding down for the year with only six trading days remaining. “We see a downward bias for the local market with a possible testing of the 7,150 support level. The market remains overvalued making it susceptible to profit taking,” said Philstocks Financial...
The local stock market surged past the 7,000 level as investors celebrated positive reports on breakthrough in COVID-19 vaccines. The Philippine Stock Exchange index (PSEi) leaped 349.63 points, or 5.23 percent ,to close at 7,035.48 as share prices rose across the board with the Holding Firms...
Movements in the local stock market this week will continue to be influenced by the US elections as well as the announcement of the third quarter economic performance and more corporate earnings releases. “Headlines on the US presidential race should remain a volatility churner in the corning...
The local stock market is seen range trade this week although positive corporate nine-month results have the potential to spur the index to breach the 6,000 level. “The market may be more inclined to trade within range for now, until after US elections are finalized by November. This, plus...
