SONA will set trend for stocksMAJOR listed firms will release their second quarter earnings reports starting this week, which will impact the market one way or another. Justino Calaycay, the head of research and marketing at A&A Securities Inc., also spoke of the impact SONA could make. “For the week, market will continue its bullish trend with the earnings of local companies shedding light on the economic picture of the second quarter. Also, a possible economic stimulus from BOJ [Bank of Japan] is expected, which would prop-up demand [for stocks],” said Aniceto Pangan, trader at Diversified Securities Inc. But it eased to 8, 025.35 on Friday, while the broader All Shares index declined 47 points to 4,794.03.

Source: Manila Times July 24, 2016 12:11 UTC