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 mo
The market is seen to take cues from more first quarter earnings reports although investors remain jittery and may trade with a downward bias. “For next week, the market may still move with a downward bias as it contends with a lot of headwinds both onshore and offshore,” said Philstocks Financial
This week, the local market will be taking cues from firms that will be releasing their first quarter earnings reports while sentiment will continue to suffer from concerns over rising US interest rates which makes equities less attractive. “Next week, the local market is expected to continue conte
The local stock market is seen to remain bearish this week as oil prices are rising again while foreign funds continue to exit on expectations of a rate hike in the US. “While we may see some bargain hunting following two successive weeks of decline, the general market sentiment is still seen to ha
The local stock market is seen to remain weak this short trading week as concern over rising inflation and monetary tightening by the US Federal Reserve weigh on investor sentiment. “This week, the local market could move with a downward bias as it continues to face headwinds from both offshore and