Equities Outlook, 11.11.2009

By Randell Tiongson on November 11th, 2009

EQUITIES MARKET OUTLOOK: (Wednesday , NOVEMBER 11 ’09)

  • Philippine stocks expected to remain buoyant after nearly reaching the 3,000-mark yesterday
  • For the first time in months, the financial index showed life as banks received foreign buying interest.
  • This could escalate further on potential merger and acquisition stories that will emerge in the coming months
  • Breaking out of index 3,000 could spread wildly to recently lagging sectors such as Property and Conglomerates
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Equities Outlook, 11.11.2009