Stocks face more volatility

After last week’s sluggish trade which saw the benchmark index skid for five straight days, the local stock market may have to endure yet again a volatile week with investors still left hanging on the weight of developments from the US Federal Reserve.

Carlos Jalandoni, research head of BPI Asset Management, said that the market will probably be quite volatile due to the US Fed tapering its $85-billion a month bond-buying program.