MANILA, Philippines — Stock market investors are expected to keep a close watch on the corporate sector this week to help them determine their next move, traders said. “The market will take its cue on a string of corporate earnings data and annual stockholders meetings,” said Edgar Lay, equity analyst at AB Capital. He said last week’s decline was due to foreign outflows, which has reached P34 billion year-to-date. “Local market slipped amid foreign outflows. The Philippine Stock Exchange index snapped a two-day winning streak as foreign outflows persisted.
Source: Philippine Star April 15, 2018 15:56 UTC