Stock-Market Outlook - BusinessMirror

대한민국 뉴스 뉴스

Stock-Market Outlook - BusinessMirror
대한민국 최근 뉴스,대한민국 헤드 라인

Share prices gained last week as the country’s better-than-expected third quarter GDP print and tamer inflation in the United States boosted sentiment.

  • 📰 BusinessMirror
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 59%

The main index was down for three consecutive days since Tuesday, but a late surge on Friday buoyed the market.Foreign investors, who cornered 43 percent of the trades, were net buyers at P2.1 billion.

“So far, we’re seeing the bullish case for the local market building up on the back of the following positive factors: the Philippines’s strong third quarter economic growth, robust third quarter corporate results, the peso’s strengthening and the slowdown in US inflation. The local bourse may extend its climb on the back of the aforementioned factors,” Japhet Louis O. Tantiangco, senior research analyst at Philstocks Financials Inc., said.

Broker 2TradeAsia said the earnings report of listed firms will continue to support the upbeat outlook for the market in the medium term, at least for certain sectors such as banks, gaming and airlines.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

BusinessMirror /  🏆 19. in KR
 

대한민국 최근 뉴스, 대한민국 헤드 라인



Render Time: 2025-01-16 21:26:23