Quantcast
Latest Stories

Lighter trading seen in PH market this week



Stock trading this week is seen more muted in volume compared to previous weeks as key Asian markets observe a long lunar turnover holiday break but the unfolding local corporate earnings season might provide some fresh catalysts, analysts said.

Last week, the main-share Philippine Stock Exchange index gained 140.06 points, or 2.22 percent, to close at 6,458.67 on Friday.

“Funds based in Hong Kong and Singapore will be quiet. Local investors will be quiet also because of the Philippine Business Bank initial public offering (IPO) and if foreign buying will still be strong, it will be mostly due to investors from US and Europe,” said Joseph Roxas, president of Eagle Equities Inc.

PBB is raising P3.2 billion from its IPO at a price of P31.50 a share or about 1.35 time the thrift bank’s book value. An IPO tends to suck liquidity from the stock market.

Maria Arlysa Narciso, an analyst at AB Capital Securities, said foreign developments were unlikely to have a negative sway on the local market’s performance this week.—Doris C. Dumlao


Follow Us


Follow us on Facebook Follow on Twitter Follow on Twitter


Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: forecasts , Philippines , Stock Market , stocks



Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94
Advertisement
Advertisement

News

  • LPA enters PH, to bring rains and thunderstorms
  • Sing-along saint: Showbiz world gets papal inspiration
  • Two-thirds of underwater search done, no sign of MH370
  • S. Korea prosecutors turn to mobile app for ferry probe
  • 31 dead in Holy Week incidents—NDRRMC
  • Sports

  • Reigning champs Miami open playoffs with win
  • Spurs subdue Mavericks in playoff opener
  • Wawrinka beats Federer to win Monte Carlo Masters
  • Ageless Hopkins pitches 50-50 Mayweather deal
  • Goodbye MGM, Las Vegas for Pacquiao?
  • Lifestyle

  • Miss America: Don’t suspend teen over prom invite
  • Transitions and resurrection in the performing arts
  • ‘Archaeology tour’ of Cebu’s heritage of faith
  • Historic Fort Bonifacio tunnel converted into a septic tank
  • ‘Imports’ from London, and play of the year
  • Entertainment

  • Discovery network cancels Everest jump
  • ‘Captain America’ stays strong atop US box office
  • Easter musings
  • Solenn in shorts
  • Unmerry mix of attention-calling moves on ‘Mini-Me’ TV tilts
  • Business

  • Oil prices down in quiet Asian trade
  • Asian shares mixed in holiday-thinned trade
  • BDO seen keen on bidding for Cocobank
  • Bataan freeport investment pledges up 1,302%
  • Golden Week
  • Technology

  • PH has slowest internet in Southeast Asia
  • Nintendo’s trailblazing Game Boy marks 25th anniversary
  • Nasa’s moon-orbiting robot crashes down
  • Netizens pay respects to Gabriel Garcia Marquez
  • Nokia recalls 30,000 chargers for Lumia 2520 tablet
  • Opinion

  • Gigi’s home
  • Palace stonewalls on MRT inquiry
  • Couple of things too
  • There is plenty of water behind Wawa Dam
  • Triduum thoughts of a young boy
  • Global Nation

  • Obama on mission to quiet Asia skeptics
  • Search for Etihad passengers launched
  • Japan presents $57-B ‘dream plan’ to solve Metro congestion
  • Tim Tebow’s charity hospital in Davao seen to open in 7 months
  • OFW died of Mers-CoV in Saudi Arabia, says family
  • Marketplace