No wild swings seen | Inquirer Business
Close  

No wild swings seen

/ 12:00 AM May 10, 2016

The economic team formed by the country’s next president—not their individual personality traits—should be the main focus of investors following voting Monday, the newly elected head of the Philippine Stock Exchange (PSE) said.

Hans Sicat, now serving his sixth year as PSE president and CEO, the longest under a unified bourse, said in a briefing that the next leader had no choice but to continue economic reforms, which would help the Philippines grow by about 6 percent this year and possibly more in 2017.

ADVERTISEMENT

“I think that maybe [election] fears at this stage might be over dramatized,” Sicat said.

“We will have to see the economic team who will be chosen to serve the Cabinet. That will hopefully reinforce whoever wins,” Sicat said. He noted that the economic advisers revealed by the candidates thus far “are all competent.”

FEATURED STORIES

“It gives us some comfort that we are unlikely to have any wild swings in economic policy no matter who wins,” Sicat said.

For this week, the national elections “would undoubtedly break the sideways trend of the index,” AB Capital Securities Inc. said in its weekly outlook report. It said a bullish scenario would lead to higher volumes, leading the PSEi to “beyond” the 7,400 level while a bearish outcome might cause the index to fall to the 6,700 level. Miguel R. Camus

Read Next
Don't miss out on the latest news and information.

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: Business, economy, Hans Sicat, News, Philippine Stock Exchange, PSE
For feedback, complaints, or inquiries, contact us.

Curated business news

By providing an email address. I agree to the Terms of Use and
acknowledge that I have read the Privacy Policy.



© Copyright 1997-2022 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.