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....
Investors in the local stock market have reason to be guardedly optimistic about 2024 following a lackluster trading in 2023. “The expected improvement in macroeconomic indicators are poised to drive market conditions in 2024,” said Philippine Stock Exchange (PSE) President and CEO Ramon S....
The Philippine stock market has been underperforming against its regional peers as of mid-December as the local bourse has been seeing weak trading volumes while foreign funds continued to leave. According to Philstocks Financial Research Manager Japhet Tantiangco, “as of December 15, 2023, the...
The local stock market is seen to benefit this short trading week from a combination of window-dressing and profit-taking as well as the carry over of positive sentiment from expectations of rate cuts next year. “The final three trading days of the year will see a mix of window dressing and...
This week, the stock market could still benefit from positive sentiment due to prospects of rate cuts next year although last week’s rally may result in some profit-taking prior to the long Christmas weekend. “The policy easing prospects of the Federal Reserve may still provide support to the...
This week, stock investors will be mainly looking at the policy meetings of the US and Philippine central banks for catalysts even as hopes for a Santa Claus rally seem to have waned. “The local bourse is on a 2-week losing streak as investors continue to take profits. In the process, the market...
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...
