Fall in PH stocks to offer new entry points ahead of 2016 polls - FMIC

The Philippine stock market could see more declines over the next few days and present new entry levels to investors ahead of brighter prospects toward the May 2016 elections, investment bank First Metro Investment Corp. (FMIC) said.

“We still think the market could go down and de-rate in the near term. However, investors can take advantage of market weakness to increase exposure in PH equities at lower valuations,” Roberto Juanchito T. Dispo, FMIC chairman for the Capital Markets Development Committee said in the September issue of the bank’s monthly capital markets research “The Market Call.”