PH shares weekly outlook: Cautious optimism

Philippine shares are poised to gather new momentum after having established firmer support in a holiday-shortened week marked by negative global leads last week.

The Philippine Stock Exchange index (PSEi) is likely to trade on a more positive note, with investors on the lookout for bargain stocks after the benchmark index dropped to the 7,300-point level last week, BPI Asset Management said in a weekly market review.