MORE volatility is in store for the market that is on the verge of dropping back to the 7,000 territory as developments surrounding the Greek debt crisis and the meltdown of Chinese equities continue to hound investor sentiment.
“Bargain hunting caused a bounce on Friday. We will continue to see the market to try [moving to] 7,500 but risk still lies at 7,000,” Jonathan Ravelas, BDO Unibank chief market strategist, said.
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