Philippine shares are seen to trade in consolidation but with an upward bias for the current trading week. The other scenario is that it pulls back to test support,” AAA Equities further said. He said local shares might still see consolidation but with an upward bias as foreign investors continue to sell. Meanwhile, AAA Equities is optimistic that the economy would be better in the fourth quarter. “Whichever way the market goes in the coming weeks, investors should continue picking up battered shares as our economy is better positioned than most of its global peers,” AAA Equities noted.

Source: Manila Times October 04, 2020 16:24 UTC