10 months Investors seen to pick bargains amid lackluster trading MB |Biz
By James A. Loyola The local stock market is seen to be lackluster this week amid an absence of new market moving news since the bulk of corporate earnings as well as macro economic figures have already been released. Traders work beneath an electronic ticker at the trading floor of the Philippine Stock Exchange in Bonifacio Global City (BGC).(Bloomberg file photo) “Movement could remain sideways in the near-term as the PSEi trades with a lack of clear immediate catalysts,” said Papa Securities Sales Associate Gabriel Jose Perez. BDO Chief Market Strategist Jonathan Raveles noted that, “last week’s close at 7,854.39 ... more