Sluggish trade as investors take a break, weigh 2017

Philippine shares are likely to enter a sluggish phase in the few trading days this week as most investors pull out some cash from the market for their holiday break.

Luis Limlingan, managing director of Regina Capital Development Corp., said investors are still likely to withdraw their funds from the market this week after the US Federal Reserve announced a rate hike this month and hinted at more rate increases next year.