[ANALYSIS] Performance of the market for August and glimpse on AI

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Artificial Intelligence News

Banks In The Philippines,BPI,Central Banks

While August is also one of our seasonal dull months, this did not happen this year. This was because the market was supported by emergent good fundamentals here and abroad.

This is AI generated summarization, which may have errors. For context, always refer to the full article.

These spirits are also often found “causing mischief and bringing bad luck” to the living, thereby rendering the period unfavorable, if not, dangerous and not good to one’s fortune. The NYSE’s best trading months are found to be in April, July, October, November, and December. On the other hand, the market’s worst trading months are found to be in January, February, June, August, and September.

However, in 17 days, the market climbed higher to close and end the month’s trading on August 22 at 6,961.99, with a total net gain of 527.76 points from its lowest low in August. Nevertheless, this does not mean that there are no good potential trades at the moment. Jofer Gaite, president and chief trader of Westlink Global Equities Incorporated, has some good stock recommendations in mind that may outperform anytime. One of these is the Bank of the Philippine Islands .

This is a stock favorite also recommended by Joel de la Peña, market strategist and chief trader of H.E. Bennett Securities Incorporated.

 

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