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Stock traders to keep track of inflation, earnings data
The Philippine Star
|March 04, 2024
Investors will keep a close eye on the country's inflation data and the release of more corporate earnings results this week to serve as catalysts for a potential climb back to the 7,000 mark.
While the Philippine Stock Exchange index (PSEI) capped off last week in the red at 6,919.59, it was still able to finish better compared to the previous week.
Japhet Tantiangco of PhilStocks Financial said the local market is already on a six-week winning streak, but last week's gains have been thin at 0.09 percent.
He said this implies that selling pressures are close to taking over.
Dit verhaal komt uit de March 04, 2024-editie van The Philippine Star.
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