7 months Bargain-hunting at bourse expected Manilatimes |Biz
LOCAL shares are likely to trade higher this week as investors are expected to hunt for issues on oversold conditions, according to analysts. In a market note over the weekend, Eagle Equities Inc. Research head Christopher Mangun said that, after the massive foreign selling over the past two weeks, he expected local investors to take this as an opportunity to bargain-hunt. According to him, investor optimism will also be helped by positive economic fundamentals, coupled with stronger government spending during the quarter after the 2019 national budget was passed. “We will see investors gain more confidence, which will continue to ... more