Equities Outlook, 11.11.2009By 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