Stock-Market Outlook | VG Cabuag

Share prices rose last week, despite anemic volumes, as investors were elated by the slew of good news, such as easing inflation and the positive financial outcomes reported by listed firms.The main index was up at the start of 4-day trading week on Tuesday, but lost points on Wednesday. It was up during the rest of the week, especially after the government announced that inflation for April eased to 6.6 percent, the lowest since August last year.

Pacifica Holdings Inc., Anchor Land Holdings Inc., Medco Holdings Inc., Republic Glass Holdings Corp. and Century Peak Holdings Corp. He said the PSEi could sustain a rally if domestic economic growth surprises on the upside and US inflation shows signs of abating. Guidance from the Bangkok Sentral ng Pilipinas on the direction of interest rates will also influence market activity.

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