INVESTORS are likely to take profits this week after the Philippine Stock Exchange index (PSEi) touched the 7,800 level and on expectations of the highest trade deficit data, according to analysts.
In a market comment over the weekend, Eagle Equities Inc. research head Christopher Mangun said he expected market players to cash in on gains and take positions ahead of the “largest trade deficit” figure, to be announced this week, supported by slowed exports and increased imports of capital goods and raw materials for the Duterte administration’s “Build, Build, Build” infrastructure program.
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
Premium + Digital Edition
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)
TRY FREE FOR 14 DAYS
See details
See details
If you have an active account, log in
here
.