Philippine markets enter September with little room for complacency, as investors weigh the appeal of battered stock valuations against inflation, oil and currency risks that could keep sentiment fragile.
Philippine financial markets are likely to remain cautious on Monday, with the PSEi expected to trade sideways as investors await the Bangko Sentral ng Pilipinas’ Aug. 27 policy decision and assess persistent inflation, currency, and growth risks.
Harbor Star Shipping Services Inc. led the Philippine Stock Exchange’s (PSE) weekly price gainers, while Swift Foods Inc. posted the steepest decline, according to the latest PSE market data.
The Securities and Exchange Commission is seeking public comments on proposed rules governing market making, a practice intended to make it easier for investors to buy and sell securities while keeping trading orderly and transparent.