Muted trade seen

Philippine Daily Inquirer

11:46 pm | Wednesday, January 1st, 2014

The local stock market will reopen Thursday after a long break, but investors expect muted trading to prevail.

Last week, the main-share Philippine Stock Exchange index added 54.70 points, or 0.94 percent, to finish the year at 5,889.83. This also marked a modest gain of 1.33 percent for the full year.

AB Capital Securities analyst Abbygayle Estrella said movement in the two trading days of the week could go either way.

“The main index could also catch up on the developments abroad, among which is the market effect of the US economic data scheduled this week,” she said. “While knee-jerk reactions are uncontrollable, external developments are already pronounced, such as the certainty of the gradual tapering and the expected slowdown in economic growth, post-“Yolanda,” which we think are already priced in.”—Doris C. Dumlao

Follow Us

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.

Short URL: http://business.inquirer.net/?p=158491

Tags: Finance , forecasts , Philippine Stock Exchange , Philippines , stocks

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

seo tools