Business NEWS

The local stock market will continue to be swayed by news on whether COVID-19 cases are still rising or finally tapering while some investors may be raising cash for upcoming initial public offerings of real estate investment trusts.

Trading at the stock market this week will be influenced by the COVID-19 situation as well as the release of key economic data by the Philippine and US governments.

This week, the Philippine stock market will be looking for cues from corporate earnings reports and government announcement of inflation and employment data but these will be weighed down by the imposition of a lockdown amid the coming Chinese ghost month.

This week, the local stock market is seen to continue being weighed down by fears of a fresh surge in COVID-19 cases as government reports more new cases of the more contagious Delta variant.

The local stock market is seen to be weighed down by concerns over the local transmission of the more infectious Delta variant of the SARS-COV2 coronavirus and fear of another surge in new cases.

The local stock market is not seen to make a big bounce from last week’s fall due to rising concerns over the spread of the COVID-19 Delta variant while oil prices continue to go up.

Stock market investors will be watching out for the June inflation figure to be released this week while becoming more optimistic as COVID-19 start to ease and the vaccination drive gains momentum with the arrival of vaccines ordered by the private sector.

The local stock market ended the week on a positive note  Friday, (July 2), breaching the psychological 7,000 resistance level, as investors continue to chew on upbeat labor and production data. 

After the unexpected surge in stock prices last week, investors will now be looking forward to the government’s decision on whether to further relax quarantine measures in the National Capital Region and surrounding provinces.

Small local investors were still the main movers of the Philippine Stock Exchange (PSE) in the first-quarter this year, which the Department of Finance (DOF) attributed to the trust and confidence of the public in the regulatory institutions.

The local stock market is seen to continue to wait for fresh leads this week as foreign investors are seen to continue to leave while liquidity is seen to dry up due to the massive Monde Nissin initial public offering.

The stock market’s performance this week is seen to largely hinge on signs indicating if the government will decide to ease or extend existing quarantine measures as the number of new COVID-19 cases seems to have eased but still remained high.

The local stock market ended the week lower Friday, ( April 23)  after US stocks diver overnight.

A rout that’s made the Philippine benchmark equity gauge the worst performer in the Asia Pacific region risks worsening in the wake of fresh virus curbs.

The local stock market is seen to continue falling as COVID-19 cases in the Philippines remain on the uptrend while investors see the CREATE Law as not enough to help listed firms hurdle their pandemic-related problems.

The local stock market is seen to fall lower this week as the number of new COVID-19 cases continued to rise—raising the specter of an enhanced community quarantine which had almost grounded the Philippine economy to a halt last year.

Trading at the local stock market this week is seen to be weighed down by the surge in COVID-19 cases as well as the impact of high inflation while corporate earnings and the employment report may provide some relief if there are any positive surprises.

Local share prices rose Friday, ( Feb. 26) as investors picked up bargains amid news that vaccines will finally arrive, ignoring an overnight sell-off in Wall Street.