While selling pressures remain after a 7-week rally, the local stock market is seen to remain bullish and may again try to breach the 7,000 level especially if US inflation data as well as local corporate earnings, remittances and foreign direct investments figures boost investor sentiment....
Local stock market investors will be looking for cues from the February inflation data to be released by the government this week as well as incoming corporate earnings reports. “This week, investors may take cues from our upcoming inflation data. An inflation print significantly higher than...
The local stock market lost more ground following the decline in US share prices. The main index dropped 30.82 points or 0.45 percent to close at 6,860.67 with the Mining and Oil sector leading the retreat while the Services and Industrial counters recovered. Volume rose to 577 million shares worth...
Currently on a five-week winning streak, the local stock market will be looking to large-cap earnings reports to see if the 7,000 resistance level will be breached this week. “The local market is already running on a 5-week winning streak with a total gain of 6.30 percent. Chartwise, the market...
While there is already some selling pressure, the local stock market is seen to retest the 7,000 resistance level this week as sentiment remains bullish on the back of good economic numbers. Philstocks Financial Research Manager Japhet Tantiangco said, “the local market remained bullishly...
The local stock market will be looking for cues from fresh corporate earnings reports and the US inflation data this week, even as some profit-taking is expected after the recent rally fueled by the low inflation rate and expectations of rate cuts later this year. “The local market continues to...
Investors in the local stock market will be looking out for the government’s release of the inflation and employment numbers which may determine whether the Philippine Stock Exchange Index (PSEi) can stay above the 6,700 level. “An inflation print (for January) lower than December 2023’s 3.9...
The tide may finally turn for the Philippine Stock Exchange index (PSEi) which is forecast by Philstocks Financial to grow 8.51 percent to 18.84 percent this year on the back of robust economic growth, lower inflation, stronger peso, and interest rate cuts. Philstocks Research Head Japhet...
This week, local stock market investors will be taking cues from the US Federal Reserve meeting as well as Philippine fourth quarter gross domestic product (GDP) data. “Investors face an eventful trading week that could determine whether the local index finally breaks out of the strong resistance...
While the PSEi is still on a bullish trend, share prices may be weighed down this week by weaker sentiment due to the higher-than-expected US inflation rate which may delay expected rate cuts. “Technicals remain bullishly biased with its 50-day exponential moving average about to cross its...
This week, investors in the local stock market will seek fresh catalysts to support the uptrend in share prices and will be looking out for the US inflation rate as well as the Philippine labor and foreign direct investments data. “The market has been on an uptrend since bottoming last October...
The local stock market is not seen to start strong on the first trading week of the new year as investors wait for fresh economic data that will hopefully serve as catalysts for a rally. “Investors may start 2024 still on a cautious note as there remains no catalyst for the local bourse....
