The local stock market is turning bullish in light of last week’s rally although there may be some profit-taking this week while investors are wait for economic data such as remittances and the balance of payment. “The local bourse sustained its upward momentum last week, getting past its 6,800...
The week may start with some bargain hunting following the PSEi’s plunge last Friday after hitting overbought levels, but the November inflation report on Tuesday will determine the stock market’s direction in the following days. Online brokerage 2TradeAsia.com said “The Fed's shift in tone...
While investors in the local stock market are growing more bullish amid expectations of easing rate hikes, there may be periods of profit-taking while share prices may also be swayed by the release of some US and Philippine economic data. “The case for optimism continues to build up for the local...
With the third quarter earnings season over, the local stock market is seen to shift focus on prospects of listed firms in 2023 as well as revert its attention to cues on how aggressively the US Federal Reserve and the Bangko Sentral ng Pilipinas will be raising interest rates. “While the strong...
Investor sentiment in the local stock market is more upbeat and analysts expect share prices to continue climbing this week following positive economic data released last week and as more companies announced third quarter results. “So far, we’re seeing the bullish case for the local market...
The local stock market is riding on bullish sentiment and will be looking for cues to gauge if this is sustainable such as the US gross domestic product figures for the second quarter which will be announced this week. “US GDP for the second quarter will be announced this week, which will be...
This week, investors will see if the local stock market is strong enough to reach for the 7,000 or succumb to profit-taking pressures as the earnings season winds to a close. “Last week’s run shows that there is positive momentum building in the local market. For next week however, the local...
The local stock market may cautiously try to move further up this week on the back of good corporate earnings reports and after breaching its resistance level but investors will also get cues from the release of GDP and employment figures. “Last week, the local market was able to get past its...
The local stock market is seen to remain bearish for the rest of the year as investors remain cautious over the impact of high inflation and the threat of global recession on Philippine corporations. In an online media briefing, COL Chief Technical Analyst Juanis Barredo said the market is on an...
This week, the local stock market will be waiting for the June inflation rate announcement and some large cap corporate earnings results, although volume may be affected with the start of the Chinese Ghost Month. “The local market is expected to move sideways as investors wait for catalysts. In...
The State of the Nation Address, an expected rate hike by the US Federal Reserve, and corporate earnings are seen to influence what is seen to be volatile trading at the local stock market this week. “Next week, we expect the local market to start on cautious trading as investors await the State...
The local stock market is seen to continue being weighed down by concerns at the economic front while investors wait for first half earnings results. “While we see bargain hunting opportunities, next week, investors are still expected to maintain a cautious stance amid lingering economic...
