‘Calmer’ PH stock market expected

Philippine equities will likely see a period of calm in the fourth quarter following setbacks in the July-September period, analysts said, although the last month of the year could see increased outflows ahead of a US interest rate hike.

“We see calmer markets for the month of October and November as the delay in Fed rate hike and weak September US jobs data provide breathing room – resulting to a slower pace of foreign fund outflows,” investment bank First Metro Investments Corp. (FMIC) and the University of Asia and the Pacific (UA&P) said in the latest edition of The Market Call.