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...
While the local stock market is seen to be buoyed by prospects of a big drop in pump prices this week, sentiment may continue to be dampened by the weak peso. “The local market rode on positive momentum last week but the sustainability of this rally is questionable amid the lingering economic...
Stock market to see some bargain-hunting By JAMES A. LOYOLA While stock analysts pointed out that the market is ripe for cherry-picking, investor sentiment continued to be weighed down by worries about rising inflation and interest rates. “The market has already declined for four consecutive...
Despite headwinds buffeting the global economy, the local stock market is seen to benefit from some bargain-hunting as well as window-dressing by fund managers this week. “With already three straight weeks of decline, episodes of bargain hunting may be experienced in (this) week’s trading,”...
The local stock market is seen to continue to be weighed down by concerns over rising inflation and its impact on monetary policy and consumption both here and abroad while investors will keep an eye on remittance and balance of payments data. “The local market is seen to have a downward bias...
Sentiment at the local stock market may be weighed down this week by another round of substantial hikes in fuel prices and investors will also be watching out for the government’s report on the inflation rate last month. “Next week, the local market is seen to have a downward bias given the...
This week, the stock market may see some bargain hunting after suffering a steep fall in the last five trading days although uncertainties remain as investors wait for the new administration to name its economic managers and lay out its plans. “With its fall last week, the market has so far been...
