Positive as ghost month ends, ‘ber’ months start

PHILIPPINE shares are expected to go on rallies as August, which the market believes is a ghost month, becomes a thing of the past and the “ber” months usher in buying opportunities in consumer stocks.

Jason Escartin, investment analyst at F. Yap Securities Inc., said in a weekly note that there are more market plays in the consumer segment despite the presence of volatilities in global markets.