After making huge gains last week, investors are seen to test the stock market’s strength this week amid concern over the new COVID-19 variant on one side and vaccine roll-out news and the passage of the corporate recovery bill on the other. “Next week, the local market is seen to move sideways...
The local stock market is seen to trade with a downward bias this week even as investors await the release later in the week of the gross domestic product figure for the fourth quarter of 2020. “The local market’s bias is still seen to be tilted to the downside amid waning optimism and...
The local stock market is seen to be weighed down by concern over the impact of the new COVID-19 strain although this may be counterbalanced by excess cash in the system as well as developments overseas. “Next week, we may see sideways movement from the local market with a downward bias. Pandemic...
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...
While the Philippine stock market continues to defy expectations of a correction, analysts continue to believe that it is time to take some money off the table as stock prices have gone up too high, too fast. Seen...
Further weakness is seen in the stock market this week, following the trend set last week which was marked by profit-taking and foreign selling. However, online brokerage firm 2TradeAsia.com said long term prospects appear to improve with recent developments in the Senate as well as the hope...
The local market is seen to make a healthy correction to digest strong gains made last week on the success of two COVID-19 vaccines and the surprise rate cut by the Bangko Sentral ng Pilipinas. “This week, we may see a pullback as investors book gains out of the market’s 3-week...
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...
All eyes will be on the outcome of the US elections this week while third quarter earnings and lingering concern over COVID-19 will provide cues at the local front. Traders work beneath an electronic ticker at the trading floor of the Philippine Stock Exchange in Bonifacio Global City...
Stock market investors are seen to remain cautious this week and will be looking to the US Federal Reserve’s meeting for cues on whether to buy into the market or wait for more catalysts. Online brokerage firm 2TradeAsia.com said results of the Fed’s first convening will be announced on...
