PH stocks seen trading sideways this week

  • 📰 MlaStandard
  • ⏱ Reading Time:
  • 53 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 55%

대한민국 뉴스 뉴스

PH stocks seen trading sideways this week
대한민국 최근 뉴스,대한민국 헤드 라인

Philippine stocks are expected to trade sideways this week on possible bargain-hunting, analysts said over the weekend. The main composite index traded

Philippine stocks are expected to trade sideways this week on possible bargain-hunting, analysts said over the weekend.

The main composite index traded downwards over the past four trading weeks, following the election of US President Donald Trump and weak third-quarter gross domestic product report.“The market’s four-week fall has brought it to even more attractive levels, opening the possibility of bargain-hunting in next week’s trading,” Philstocks Financial Inc. research head Japhet Tantiangco said.

Tantiangco said if the current headwinds, including the weakness of the local currency persist, the rise of long-term local and US yields and concerns over the prospects of protectionist policies in the US could still present challenges. The risk of another decline is still high, he said.

The Philippine Stock Exchange index closed at 6,676.55 last week, down 4.31 percent, after the market traded in the red in four of five trading days. The all-shares index also declined by 2.86 percent to 3,772.80. Foreign investors were net sellers last week, with net outflows reaching P5.96 billion. Average value turnover amounted to P6.1 billion.

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

MlaStandard /  🏆 20. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

PH share prices climb on positive earnings resultsPhilippine stocks opened the shortened trading week in the green amid positive third-quarter earnings of major companies. The bellwether Philippine Stock
출처: MlaStandard - 🏆 20. / 55 더 많은 것을 읽으십시오 »

PH stocks, peso climb on positive cues from US equities marketPhilippine stocks ended the week in the green on positive cues from the US equities market amid encouraging economic data. The Philippine Stock Exchange
출처: MlaStandard - 🏆 20. / 55 더 많은 것을 읽으십시오 »

Millennial startup owners aim to establish world-class Philippine watchmaking industryThe Philippine watchmaking scene may not be well-known yet, however, a handful of brands are determined to change that. They even have a private group
출처: MlaStandard - 🏆 20. / 55 더 많은 것을 읽으십시오 »