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Philippines: Stock trading hinges on Q2 GDP results
Philippines: Stock trading hinges on Q2 GDP results
Monday, August 14, 2016 – RESULTS of the second quarter gross domestic product (GDP) are likely to dictate the pace and direction of trading on the Philippine Stock Exchange this week.
In a weekly market outlook, online brokerage 2TradeAsia.com expects GDP numbers to be released on Thursday likely overwhelming earnings results.
“A few more companies will hold their first half 2016 briefings in the coming week but because they are not heavyweights, it is unlikely for them to dictate the movement of the main market barometer PSEi. What may be of more interest is the actual second quarter gross domestic product, which will be announced on Aug 18,” 2TradeAsia.com said. Read More?