While sentiment continues to be weighed down by rising inflation, there may be some bargain hunting as investors wait to see how the Bangko Sentral ng Pilipinas (BSP) will react to the US Federal Reserve’s rate hike. “With already two consecutive weeks of decline, we may see some episodes of bargai
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 next
Despite the PSEi’s recent run-up, stock analysts see the market starting weaker this week as investors fret over the possible impact of rising interest rates and other issues overseas. “Next week may start on a negative note as we may see profit taking from the market’s preceding 3-day rally,” said
The local stock market is expected to see a little more bargain-hunting at the start of this week although many issues may already be ripe for profit-taking given the lingering uncertainties in the domestic and global front. “(Last) week's V-shaped recovery is reason permeating the market, but intr
While the stock market will obviously be reacting to the conduct and the outcome the elections, it will also have its eyes on the release of the first quarter gross national product figure as well as more corporate earnings results. “Chartwise, the PSEi’s 50-day exponential moving average (EMA) has