The local stock market is seen to remain bullish and try to breach the 7,500 level this week although there will continue to be bouts of profit-taking—making it more volatile. While the Philippine Stock Exchange is already in a bull market, Philstocks Financial Research Manager Japhet Tantiangco...
The local stock market may see initially some profit-taking this week following its recent rally although sentiment remains generally upbeat and will continue to buoy share prices. “The local market has been showing bullish momentum, rising for three straight weeks, with the latest one getting it...
Stock market investors will be watching out mainly for the US Federal Reserve’s next move this week as well as the local remittance figures to see if the PSEi deserves to continue trading above the 7,000 level. “Last week, the local market was able to close above the crucial 7,000 level....
Global markets will be looking for cues from the release of US inflation figures this week while local equities are seen to be more volatile as it experiences a tug-o-war between improving investor sentiment at the domestic front and concerns over the weakening of the US economy. “This week, the...
While Ghost Month ends on Sept. 2, the local stock market is seen to continue to consolidate just below the 7,000 resistance level as investor sentiment remains upbeat although eyes will be on the August inflation numbers later this week. “The market could move with an upward bias on the back of...
While the 7,000 level is a strong resistance for the Philippine Stock Exchange index (PSEi), the local stock market is seen to continue its bullish trend specially in the light of expectations of a September rate cut by the US Federal Reserve. “This week, the local market could still move with an...
The local stock market is seen to continue riding on optimism this week due to the Bangko Sentral rate (BSP) cut and expectations that the US Federal Reserve may start reducing rates by September. Philstocks Financial Research Manager Japhet Tantiangco said that, while the local market had a good...
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....
While investors show optimism amid expectations of an interest rate cut by the US Federal Reserve and the Bangko Sentral ng Pilipinas, some volatility may still be seen as it may take two more months before this finally happens. Online brokerage firm 2Tradeasia.com noted how “deeply entangled the...
