Dear subscriber,
Last week we have seen the plethora of movements coming from the Philippine stock market. Market tried to test and retest its limit above the 8.00 level yet the rally was short lived. Slight favorable regularity occur as Trump tries to re-enter the TPP trade deal. Besides the threat of China for sanctioning imports from U.S., the threat of trade war is quite at the moment.
I believe that present situation of the market is from being bearish since companies came up with pretty good profits and quarterly reports. It might just be a victim of circumstance. The fundamentals are intact and steady with predictions of growth rate of 6.7% by the World bank and Asian development bank.
Good Luck and God Bless,