Share prices slightly went down last week as investors adopted a cautious stance ahead of the policy actions of the United States Federal Reserve and the Monetary Board of the Bangko Sentral ng Pilipinas later this month.
Volume of trade was still lower at an average of P4.72 billion for the week. Foreign investors, which cornered half of the trades, were net buyers at P973.49 million. This coincided with the International Monetary Fund’s upgrade of the Philippine economic growth outlook to 6 percent this year from the previous 5 percent, despite the overall downgrade in global economic outlook.
“Expect some lift in participation especially as the market approaches first quarter earnings reporting season. Amid this era of slower but still positive macro growth and higher financial risks, smart but stricter allocations to specific sectors and growth stories are preferred to generate access returns.”Maybank Investment Banking Group has maintained its neutral view on the country’s telecom players as it expects service revenues to grow marginally this year and fixed-line growth to slow.
Wfh always provide the cut of expenses, that they done during pandemic and now they unable to do it.