This week, local stock market will be waiting for the announcement on whether quarantine measures will be eased further, especially in the nation’s capital, while also observing if the government can speed up its vaccination program.
“Investors are expected to watch out for the government’s decis
After the unexpected surge in stock prices last week, investors will now be looking forward to the government’s decision on whether to further relax quarantine measures in the National Capital Region and surrounding provinces.
“While maintaining MECQ (modified enhanced community quarantine) is ex
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Published April 5, 2021, 6:00 AM
The local stock market is seen to continue falling as COVID-19 cases in the Philippines remain on the uptrend while investors see the CREATE Law as not enough to help listed firms hurdle their pandemic-related problems.
“Next week, we still see a downward bias for the local market as our COVID-19 situation continues to worsen. The continuous surge in our COVID-19 case count is seen to weigh on the market due to its negative impact on consumer and business confidence,” said Philstocks Senior Analyst Japhet Tantiangco.
He added that, “Investors are expected to watch out for the government’s decision on the quarantine measures in the NCR plus after April 4. The rising pace in the daily increase of COVID-19 cases however raises the possibility that the enhanced community quarantine will be maintained.”
Published March 8, 2021, 6:00 AM
Trading at the local stock market this week is seen to be weighed down by the surge in COVID-19 cases as well as the impact of high inflation while corporate earnings and the employment report may provide some relief if there are any positive surprises.
“Next week, the local market may decline on the back of COVID-19 concerns and elevated inflation expectations,” said Philstocks Financial Senior Analyst Japhet Tantiangco.
He noted that, “The resurgence of COVID-19 cases including the increasing number of those with the more infective strains from the United Kingdom and South Africa may weigh on market sentiment due to the adverse impact it can have on the economy.”