“The disappointing second quarter GDP gave bears more reason to sell this market, as the 4.3 percent print was much slower than expected. It was still below the consensus estimate floor of 5 percent, and significantly off the less than the 6 percent average, coming from the first quarter’s 6.4 percent,” broker 2TradeAsia said.
Top losers, meanwhile, were AbaCore Capital Holdings Inc., Keppel Philippines Holdings Inc. A and B shares, Anchor Land Holdings Inc., Manulife Financial Corp., LFM Properties Corp., United Paragon Mining Corp. and Marcventures Holdings Inc.Share prices may go up this week, but mainly on bargain hunting. Japhet Louis O. Tantiangco, senior research analyst at Philstocks Financials Inc.
“It will be interesting now fiscal policy will respond over the next quarters, especially if a stimulus move will coincide with seasonally strong consumption spend and higher remittances during the fourth quarter.”
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:
España Últimas Noticias, España Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Experts predict reversal of stock market downtrendStock market experts are raising the likelihood of a rally in the Philippine Stock Exchange index over the next 12 months due to attractive valuations coupled with favorable technical indicators. | miguelrcamusINQ /PDI
Fuente: inquirerdotnet - 🏆 3. / 86 Leer más »
A cherished weekend flea market in the Ukrainian capital survives despite warKYIV, Ukraine —The Pochaina neighborhood in the Ukrainian capital comes alive every weekend as hundreds of people flock to its famous flea market, looking for finds. Antique-hunters, collectors and…
Fuente: inquirerdotnet - 🏆 3. / 86 Leer más »
Politics seen muddling market dispute in Tarlac CityThe consequence was heavy on vendors when the local government unit of Tarlac City closed and fenced the Uptown public market on Oct. 16 last year due to water pollution and lack of business permit by its private operator. | ttorejasINQ /PDI
Fuente: inquirerdotnet - 🏆 3. / 86 Leer más »
Shell slowly rebounds despite market pressuresListed firm Shell Pilipinas Corporation (SPC) was able to rebound from a net loss in the first quarter but overall net income in the first half remained anemic at P123 million due to incessantly escalating oil prices and the crippling higher interest rate.
Fuente: manilabulletin - 🏆 25. / 51 Leer más »
Stocks weighed down by economic pressuresWhile some bargain hunting may be seen this week at the stock market, sentiment will continue to be weighed down by slower economic growth, inflationary pressures, and the start of the Chinese ghost festival.
Fuente: manilabulletin - 🏆 25. / 51 Leer más »