After a marked slowdown in activity in the local equity market in the first half of the year, more companies are expected to tap the market during the second half amid optimism the economy and stock market will perform well.

During the First Metro Investment Corp. (FMIC) mid-year economic briefing held in Makati on Thursday, FMIC Head of Investment Banking Justino Juan Ocampo said more companies may try to catch up and take advantage of the lingering optimism toward the economy by tapping the local stock market for fund-raising.

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