SHARES OUTLOOK FOR THE WEEKPSEi still vulnerable to selloffshome/Business/Top Business/PSEi still vulnerable to selloffsTHE stock market remains susceptible to selloffs this week as trade tensions between the United States and China continue to worsen, according to an analyst. “We may continue to see foreign funds flow out of the market,” he said. “Specific sectors may also take center stage, which includes mining and exploration, REITs (real estate investment trust) for property, [and] utilities,” 2tradeasia.com said. “Accelerated construction pace appears more likely in the fourth quarter, especially with more funds available for lending from the BSP’s (Bangko Sentral ng Pilipinas) three-phased cut in reserve requirement,” it added. According to the central bank, an initial 100-bps RRR reduction will take effect on May 31, followed by a 50-bps cut on June 28 and another 50-bps decrease by July 26.

Source: Manila Times May 19, 2019 16:30 UTC