Continued uptrend in the Philippine stock market

abs-cbnnews.com - A continued uptrend in the Philippine stock market is seen following the end of the US government shutdown, an analyst said on Monday. A continued uptrend in the Philippine stock market is seen following the end of the US government shutdown, an analyst said on Monday.

Lexter Azurin of Unicapital Securities said aside from positive developments in the US, the market will also take its cue from third quarter results. For instance, Meralco will release its key earnings report on Friday.

“I think for this week we expect the market to continue its uptrend given the positive developments in the US and I think what we need to monitor is the third quarter results which will come out in the next few weeks,” Azurin told ANC. READ MORE: http://bit.ly/H9U1DS

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