Category: Market Insights

Equities Summary and Outlook Market Outlook. We expect the market to continue trading lower amidst overheating concerns by the World Bank (WB). But University of Asia and the Pacific Economist Dr. Victor Abola noted that the country’s current account deficit to GDP ratio is far from crisis threshold of 5% equal to $15.67bn. Market Review. Last week, the market bucked... Read More

Equities Summary and Outlook Market Outlook. We expect the PSEi to consolidate between 7,900-8,000 due to lack of catalyst. Despite strong macroeconomic fundamentals, the spectre of accelerating inflation, widening trade deficit, and weak PHP will continue to weigh on the market. Market Review. The PSEi traded sideways since yesterday to end today at 7,943.9. Last week, the bellwether moved in... Read More

Equities Summary and Outlook Market Outlook. We expect the market to trade sideways to lower should the March inflation reading on Thursday proved upward to the consensus estimate of 4.7%, higher than 4.5% in February and the central bank’s estimate of 3.8% to 4.6%. Market Review. The market traded flat, up by +0.1% to 7,979, following most regional markets (see... Read More

EQUITIES OUTLOOK Market Outlook. We expect PSEi to trade between 7,800-8,000 as worries that the US-China tariff threats could lead to a full-blown trade war weigh on the market in the near-term. Drivers. Domestic catalyst will likely surface in the second week of May when the gov’t releases the Q1 2018 GDP results, which we expect to be strong given... Read More

EQUITIES OUTLOOK Market Outlook. We expect the market to trade lower as investors remain on a sell down position ahead of the Bangko Sentral ng Pilipinas (BSP) and US Federal reserve policy meetings. The Federal Open Market Committee (FOMC) will discuss its monetary policy today and tomorrow while the BSP Monetary Board will hold its meeting on Thursday, March 22.... Read More