The local stock market may see some bargain-hunting this week due to the steep plunge seen last week but investor sentiment may continue to be dampened by expectations that inflation and interest rates will rise further while the peso will continue to lose value.
“The local market has already been
The local stock market may bounce a bit this week on continued bargain hunting but continuing concerns about rising interest rates and the weakening peso is seen to put a cap on any gain in share prices.
“With five straight weeks of decline, the last one posting 4.42 percent worth of losses, we ma
Retail tycoon Lucio Co is making a P1.5 billion windfall from the sale of his own stake in brandy firm Williams & Humbert SA to his publicly-listed liquor distribution company The Keepers Holdings Inc.
According to Abacus Securities Corporation’s Short Takes, the P1.5 billion profit is more th
The local stock market is seen to be weighed down by expectations of an interest rate hike by the US Federal Reserve and by the reaction of central banks across the globe to this move.
“Next week, the local market may continue to move with a downward bias as investors watch out for the upcoming po
The local stock market is seen to try to build a base at the 6,600 level, although concerns remain over the weak peso as well as the high inflation and how the US Federal Reserve will address it later this month.
“Next week, the local market is expected to move sideways with a further testing of t