The benchmark Philippine Stock Exchange index, which hit an intraday high of 6,829.97 last Friday, closed 2.16 higher week-on-week at 6,791.69. It had closed a year low of 6,158.48 on June 21.Online brokerage firm 2TradeAsia.com said that the PSE's upward momentum was being boosted by expectation of rate cuts sometime in late third or fourth quarter this year and positive headlines regarding cooling inflation in relevant markets.
Still, Tantiangco said that traders could choose to take profits this week, driving down the market.'At its current level, the local market is still deemed to be fundamentally undervalued. Hence, long-term investors may also take positions next week,' he said.'The short of it is that positive earnings plus central bank policy decisions in August should provide near-term propellants for local equities.
ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว
Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้
แหล่ง: MlaStandard - 🏆 20. / 55 อ่านเพิ่มเติม »
แหล่ง: MlaStandard - 🏆 20. / 55 อ่านเพิ่มเติม »
Market rally cut short by profit takingThe stock market closed the week in the red as profit-takers stepped in.
แหล่ง: PhilstarNews - 🏆 1. / 94 อ่านเพิ่มเติม »
แหล่ง: MlaStandard - 🏆 20. / 55 อ่านเพิ่มเติม »