Market downturn presents opportunities to hunt for bargains

The benchmark Philippine Stock Exchange index fell for a seventh consecutive session last Friday at 6,659.39, down by 1.28 percent week-on-week.MANILA, Philippines —

“Hence, next week, we may see episodes of bargain hunting. However, worries over the Philippines’ inflation and interest outlook are expected to persist which in turn may continue to weigh on the market. This comes amid the mounting inflationary risks which raises the possibility of a delayed rate cut by the Bangko Sentral ng Pilipinas,” Tantiangco said.

It said any stabilization above the 6,600 level would open windows for short-term range trading, at least while the broader market rationalizes capital cost outlook for the remainder of the year.Get gorgeous hair for less: Enjoy up to 50% off + buy 1 get 1 free at Watsons hair saleGlobal Dominion spreads love, appreciation to its partner car dealersThe Asian Development Bank has trimmed its growth forecast for the Philippines for this year, citing risks posed by extreme...

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